📈 DAILY MARKET UPDATE
📅 Date – 19 October 2026 (Monday)
1️⃣ VERY IMPORTANT NEWS
• ICICI Bank: Net profit increased 20.1% YoY to ₹14,850 crore, beating estimates. However, NIM declined to 4.18%.
• HDFC Bank & Axis Bank: HDFC Bank's profit grew 4.7% to ₹19,510 crore, broadly in line with estimates. Axis Bank's profit rose 37.6% to above ₹7,000 crore but missed expectations.
• Crude Oil & Geopolitics: Brent crude traded near $110/barrel amid geopolitical tensions. Temporary US relief on Russia-related sanctions is positive for India, but uncertainty remains.
🌍 GLOBAL MARKET
✔️ US Markets:
• Dow Jones: -0.34%
• S&P 500: -1.09%
• Nasdaq: -2.14%
• Technology and AI stocks faced selling pressure due to concerns about AI spending returns and rising crude oil prices.
✔️ Asia Market Update:
• Nikkei 225: -1.2%
• TOPIX: -0.6%
• Kospi: Flat
• Small-cap index: +0.3%
• ASX 200: +0.03%
• Asian markets traded mixed to negative.
✔️ Gift Nifty Signal:
• Around 23,150 in the earlier update, indicating a marginal gap-down opening of approximately 20–30 points.
• This indication was recorded before the latest bank results and geopolitical developments.
✔️ Crude Oil:
• Brent crude: Near $110/barrel.
• WTI crude: Around $101.50/barrel.
• Elevated crude prices remain a major concern for India due to inflation and import costs.
✔️ Dollar Index:
• Latest value not provided in the transcript.
• USD/INR was reported around ₹94.92–₹95 per dollar.
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
• Banking stocks in focus following ICICI Bank, HDFC Bank and Axis Bank results.
• IT and technology stocks may remain sensitive to weakness in US tech stocks.
• RBL Bank in focus following RBI approval of the Emirates NBD Indian branch merger, effective 1 December.
✔️ Market Sentiment / Trend:
• Nifty closed at approximately 23,146, gaining 149 points.
• The index formed a bullish candle with a long lower shadow, indicating buying interest at lower levels.
• Nifty moved above its 10-day and 20-day moving averages but remained below its 50-day and 200-day moving averages.
• Overall sentiment: Cautiously positive domestically, but high crude oil and global uncertainty may limit gains.
✔️ Volatility (India VIX):
• India VIX: 14.06, largely unchanged.
💰 FII & DII DATA
✔️ FIIs:
• FIIs turned net buyers after 15 trading sessions, purchasing approximately ₹1,150 crore according to the first transcript.
• Another market update reported FII cash-market buying of ₹1,166 crore.
• FIIs maintained a bearish derivatives stance, with a reported index futures short position of approximately 89% and a long-short ratio of 0.13.
✔️ DIIs:
• DIIs were net sellers of approximately ₹3,700 crore, according to the first transcript.
Note: The cash-market figures differ slightly across the supplied updates.
📊 COMMODITIES UPDATE
✔️ Crude:
• Brent: Near $110/barrel.
• WTI: Around $101.50/barrel.
• High crude prices remain a key risk for Indian equities.
📊 OPTIONS DATA (OI BUILD-UP)
✔️ Call OI:
• Major call open interest: 23,500 strike, followed by 23,000.
• Fresh call writing was concentrated around 23,500 and 23,150 in the first update.
• Resistance may emerge near 23,300–23,500.
✔️ Put OI:
• Major put open interest was reported at 23,700, followed by 23,000.
• Fresh put writing was reported around 23,000 in the first update.
• Another update reported put additions at 23,100 and call unwinding at 22,900.
✔️ PCR:
• Nifty PCR: 1.19 in the first update, down from 1.32.
• A separate update reported Nifty PCR at 1.21, down from 1.37.
• Bank Nifty PCR: 1.02, down from 1.03.
• Overall, PCR declined, suggesting some reduction in bullish positioning.
📈 NIFTY LEVELS
✔️ Trend:
• Short-term bias: Positive above 23,000, but resistance remains overhead.
• RSI was around 53, indicating improving momentum.
• Immediate Support: 23,000–22,950
• Major Support: 22,800–22,700
• Immediate Resistance: 23,300–23,350
• Strong Resistance: 23,500
📅 Date – 19 October 2026 (Monday)
1️⃣ VERY IMPORTANT NEWS
• ICICI Bank: Net profit increased 20.1% YoY to ₹14,850 crore, beating estimates. However, NIM declined to 4.18%.
• HDFC Bank & Axis Bank: HDFC Bank's profit grew 4.7% to ₹19,510 crore, broadly in line with estimates. Axis Bank's profit rose 37.6% to above ₹7,000 crore but missed expectations.
• Crude Oil & Geopolitics: Brent crude traded near $110/barrel amid geopolitical tensions. Temporary US relief on Russia-related sanctions is positive for India, but uncertainty remains.
🌍 GLOBAL MARKET
✔️ US Markets:
• Dow Jones: -0.34%
• S&P 500: -1.09%
• Nasdaq: -2.14%
• Technology and AI stocks faced selling pressure due to concerns about AI spending returns and rising crude oil prices.
✔️ Asia Market Update:
• Nikkei 225: -1.2%
• TOPIX: -0.6%
• Kospi: Flat
• Small-cap index: +0.3%
• ASX 200: +0.03%
• Asian markets traded mixed to negative.
✔️ Gift Nifty Signal:
• Around 23,150 in the earlier update, indicating a marginal gap-down opening of approximately 20–30 points.
• This indication was recorded before the latest bank results and geopolitical developments.
✔️ Crude Oil:
• Brent crude: Near $110/barrel.
• WTI crude: Around $101.50/barrel.
• Elevated crude prices remain a major concern for India due to inflation and import costs.
✔️ Dollar Index:
• Latest value not provided in the transcript.
• USD/INR was reported around ₹94.92–₹95 per dollar.
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
• Banking stocks in focus following ICICI Bank, HDFC Bank and Axis Bank results.
• IT and technology stocks may remain sensitive to weakness in US tech stocks.
• RBL Bank in focus following RBI approval of the Emirates NBD Indian branch merger, effective 1 December.
✔️ Market Sentiment / Trend:
• Nifty closed at approximately 23,146, gaining 149 points.
• The index formed a bullish candle with a long lower shadow, indicating buying interest at lower levels.
• Nifty moved above its 10-day and 20-day moving averages but remained below its 50-day and 200-day moving averages.
• Overall sentiment: Cautiously positive domestically, but high crude oil and global uncertainty may limit gains.
✔️ Volatility (India VIX):
• India VIX: 14.06, largely unchanged.
💰 FII & DII DATA
✔️ FIIs:
• FIIs turned net buyers after 15 trading sessions, purchasing approximately ₹1,150 crore according to the first transcript.
• Another market update reported FII cash-market buying of ₹1,166 crore.
• FIIs maintained a bearish derivatives stance, with a reported index futures short position of approximately 89% and a long-short ratio of 0.13.
✔️ DIIs:
• DIIs were net sellers of approximately ₹3,700 crore, according to the first transcript.
Note: The cash-market figures differ slightly across the supplied updates.
📊 COMMODITIES UPDATE
✔️ Crude:
• Brent: Near $110/barrel.
• WTI: Around $101.50/barrel.
• High crude prices remain a key risk for Indian equities.
📊 OPTIONS DATA (OI BUILD-UP)
✔️ Call OI:
• Major call open interest: 23,500 strike, followed by 23,000.
• Fresh call writing was concentrated around 23,500 and 23,150 in the first update.
• Resistance may emerge near 23,300–23,500.
✔️ Put OI:
• Major put open interest was reported at 23,700, followed by 23,000.
• Fresh put writing was reported around 23,000 in the first update.
• Another update reported put additions at 23,100 and call unwinding at 22,900.
✔️ PCR:
• Nifty PCR: 1.19 in the first update, down from 1.32.
• A separate update reported Nifty PCR at 1.21, down from 1.37.
• Bank Nifty PCR: 1.02, down from 1.03.
• Overall, PCR declined, suggesting some reduction in bullish positioning.
📈 NIFTY LEVELS
✔️ Trend:
• Short-term bias: Positive above 23,000, but resistance remains overhead.
• RSI was around 53, indicating improving momentum.
• Immediate Support: 23,000–22,950
• Major Support: 22,800–22,700
• Immediate Resistance: 23,300–23,350
• Strong Resistance: 23,500
❤14
Trading View:
• Sustaining above 23,350 may open the way towards 23,500.
• A breakdown below 22,950 may weaken the short-term bullish setup.
📉 BANK NIFTY LEVELS
✔️ Trend:
• Short-term recovery continues, but confirmation above major moving averages is needed.
• RSI was around 52.
• Immediate Support: 55,200
• Major Support: 54,800–54,500 (indicative zone; not explicitly confirmed in the transcript)
• Immediate Resistance: 56,300–56,400
• Strong Resistance: Above 56,400; next levels require confirmation.
Trading View:
• A sustained breakout above 56,400 may strengthen bullish momentum.
• Failure to hold 55,200 could invite selling pressure.
📊 STOCKS / SECTORS IN NEWS
• ICICI Bank: Strong profit growth and better-than-expected NII; declining NIM remains a concern.
• HDFC Bank: Deposit growth exceeded loan growth; asset quality improved, but margin recovery may take time.
• Axis Bank: Strong profit growth, but earnings missed estimates and NIM remained slightly below expectations.
• RBL Bank: In focus after RBI approved the Emirates NBD Indian branch merger, effective 1 December.
• Earnings Today: Bajaj Finance, UltraTech Cement, Hindustan Zinc, Union Bank and LT Technology Services.
• IT Sector: Monitor weakness in US technology and semiconductor stocks.
📊 STOCK SETUPS TO WATCH
• ICICI Bank: Watch the market reaction to earnings; stronger relative performance may support the banking sector.
• HDFC Bank & Axis Bank: Track opening price action and whether buying absorbs margin-related concerns.
• RBL Bank: Monitor volume and price action following the merger-related development.
• Bajaj Finance, UltraTech Cement, Hindustan Zinc, Union Bank and LT Technology Services: Keep on the earnings watchlist.
Avoid assuming a bullish or bearish trade before observing price action and volume.
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range: 22,950–23,500
✔️ Bank Nifty Range: 55,200–56,400
These are indicative levels based on the supplied technical and options data, not guaranteed trading ranges.
📅 IMPORTANT DATA / EVENTS TODAY
• Chinese GDP data: Expected to influence Asian market sentiment.
• Indian corporate earnings: Bajaj Finance, UltraTech Cement, Hindustan Zinc, Union Bank and LT Technology Services.
• Geopolitical developments: US–Iran negotiations, Russia-related sanctions and crude oil prices.
• Banking stocks: Market reaction to weekend quarterly results.
🎯 INTRADAY TRADING VIEW
👉 Bullish Scenario:
• Nifty sustains above 23,300–23,350 with strong buying volume.
• Potential upside test: 23,500.
👉 Bearish Scenario:
• Nifty breaks below 22,950 and fails to recover.
• Potential downside levels: 22,800 and 22,700.
👉 Bank Nifty:
• Above 56,400: Bullish momentum may strengthen.
• Below 55,200: Selling pressure may increase.
👉 Risk Management:
• Avoid chasing the opening move.
• Watch crude oil, banking-stock reactions and global cues.
• Use strict stop-losses and confirm breakouts before entering trades.
📌 QUICK SUMMARY
• Domestic support: Improving Nifty momentum and mixed-to-positive banking results, particularly ICICI Bank.
• Major risk: Brent crude near $110/barrel, geopolitical uncertainty and weakness in US technology stocks.
• Key Nifty levels: Support at 22,950–23,000; resistance at 23,300–23,350 and 23,500.
• Key Bank Nifty levels: Support at 55,200; resistance at 56,300–56,400.
• Overall view: Cautiously positive above support, but expect volatility and stock-specific action around earnings.
• Sustaining above 23,350 may open the way towards 23,500.
• A breakdown below 22,950 may weaken the short-term bullish setup.
📉 BANK NIFTY LEVELS
✔️ Trend:
• Short-term recovery continues, but confirmation above major moving averages is needed.
• RSI was around 52.
• Immediate Support: 55,200
• Major Support: 54,800–54,500 (indicative zone; not explicitly confirmed in the transcript)
• Immediate Resistance: 56,300–56,400
• Strong Resistance: Above 56,400; next levels require confirmation.
Trading View:
• A sustained breakout above 56,400 may strengthen bullish momentum.
• Failure to hold 55,200 could invite selling pressure.
📊 STOCKS / SECTORS IN NEWS
• ICICI Bank: Strong profit growth and better-than-expected NII; declining NIM remains a concern.
• HDFC Bank: Deposit growth exceeded loan growth; asset quality improved, but margin recovery may take time.
• Axis Bank: Strong profit growth, but earnings missed estimates and NIM remained slightly below expectations.
• RBL Bank: In focus after RBI approved the Emirates NBD Indian branch merger, effective 1 December.
• Earnings Today: Bajaj Finance, UltraTech Cement, Hindustan Zinc, Union Bank and LT Technology Services.
• IT Sector: Monitor weakness in US technology and semiconductor stocks.
📊 STOCK SETUPS TO WATCH
• ICICI Bank: Watch the market reaction to earnings; stronger relative performance may support the banking sector.
• HDFC Bank & Axis Bank: Track opening price action and whether buying absorbs margin-related concerns.
• RBL Bank: Monitor volume and price action following the merger-related development.
• Bajaj Finance, UltraTech Cement, Hindustan Zinc, Union Bank and LT Technology Services: Keep on the earnings watchlist.
Avoid assuming a bullish or bearish trade before observing price action and volume.
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range: 22,950–23,500
✔️ Bank Nifty Range: 55,200–56,400
These are indicative levels based on the supplied technical and options data, not guaranteed trading ranges.
📅 IMPORTANT DATA / EVENTS TODAY
• Chinese GDP data: Expected to influence Asian market sentiment.
• Indian corporate earnings: Bajaj Finance, UltraTech Cement, Hindustan Zinc, Union Bank and LT Technology Services.
• Geopolitical developments: US–Iran negotiations, Russia-related sanctions and crude oil prices.
• Banking stocks: Market reaction to weekend quarterly results.
🎯 INTRADAY TRADING VIEW
👉 Bullish Scenario:
• Nifty sustains above 23,300–23,350 with strong buying volume.
• Potential upside test: 23,500.
👉 Bearish Scenario:
• Nifty breaks below 22,950 and fails to recover.
• Potential downside levels: 22,800 and 22,700.
👉 Bank Nifty:
• Above 56,400: Bullish momentum may strengthen.
• Below 55,200: Selling pressure may increase.
👉 Risk Management:
• Avoid chasing the opening move.
• Watch crude oil, banking-stock reactions and global cues.
• Use strict stop-losses and confirm breakouts before entering trades.
📌 QUICK SUMMARY
• Domestic support: Improving Nifty momentum and mixed-to-positive banking results, particularly ICICI Bank.
• Major risk: Brent crude near $110/barrel, geopolitical uncertainty and weakness in US technology stocks.
• Key Nifty levels: Support at 22,950–23,000; resistance at 23,300–23,350 and 23,500.
• Key Bank Nifty levels: Support at 55,200; resistance at 56,300–56,400.
• Overall view: Cautiously positive above support, but expect volatility and stock-specific action around earnings.
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📈 DAILY MARKET UPDATE
📅 Date – 21 October 2026 | Wednesday
1️⃣ VERY IMPORTANT NEWS
- 🔴 Crude Oil Risk: Brent crude touched nearly $112 before falling to around $109/barrel. Middle East tensions remain a major concern for Indian markets.
- 🟢 Gift Nifty Positive: Indicating a potential gap-up opening of approximately 80 points. Strong US markets and IT ADR gains support sentiment.
- 🟢 Reliance & Earnings Focus: Jio IPO subscription opens today, US Secretary of State Marco Rubio's Jamnagar refinery visit is scheduled, and strong Bajaj Finance and Hindustan Zinc results could influence stocks.
🌍 GLOBAL MARKET
✔️ US Markets:
- Dow Jones: +1.02% (nearly 530 points)
- S&P 500: +0.28%
- Nasdaq: −0.02%
- Strong corporate earnings supported markets, while AI stocks remained under pressure.
✔️ Asia Market Update:
- South Korea KOSPI: +3.62%
- Japan Nikkei: +1.76%
- Japan TOPIX: +1.12%
- Asian markets traded higher, supported by US futures and AI-related earnings.
✔️ Gift Nifty Signal:
- Positive indication of around 80 points gap-up.
- Opening sentiment: Positive.
✔️ Crude Oil:
- Brent: Approximately $109/barrel.
- WTI: Approximately $98/barrel.
- Elevated crude prices remain a major risk.
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
- IT: Positive; Infosys ADR gained nearly 4%, Wipro ADR more than 6%.
- Banking: Weak following private bank results and margin concerns.
- Financial Services: Bajaj Finance reported strong earnings.
- Metals: Hindustan Zinc reported strong profit growth.
- Energy: Reliance in focus due to Jio IPO and refinery visit.
✔️ Market Sentiment / Trend:
- Nifty last closed at 22,889, down 257 points.
- Nifty declined approximately 1.11% and Sensex 1.17%.
- Midcap and small-cap indices fell approximately 1%.
- Technical structure remains weak despite positive global cues.
- Gap-up opening possible, but selling pressure at resistance cannot be ruled out.
✔️ Volatility (India VIX):
- India VIX: 14.80
- Change: +5%
- Indicates increased market volatility.
💰 FII & DII DATA
✔️ FIIs:
- Cash market net selling: ₹1,149 crore.
- Monthly net outflow: ₹41,374 crore.
- FII index futures long-short ratio: 0.12, indicating strongly bearish positioning.
📊 COMMODITIES UPDATE
✔️ Crude:
- Brent: ~$109/barrel.
- WTI: ~$98/barrel.
- High crude prices could pressure the rupee, inflation outlook and equity sentiment.
📊 OPTIONS DATA (OI BUILD-UP)
✔️ Call OI:
- Highest Call OI: 23,000 strike.
- Next major Call OI: 23,200 strike.
- Fresh call writing at 23,000–23,200 suggests resistance.
✔️ Put OI:
- Fresh Put OI addition reported near 22,900.
- Some put-side strike figures in the transcript are inconsistent and cannot be reliably confirmed.
✔️ PCR:
- Nifty PCR: 0.93, down from 1.08 in the first report.
- Bank Nifty PCR: 0.94, down from 1.02.
- Indicates a bearish to cautious options setup.
✔️ Futures Positioning:
- Nifty futures declined 224 points with falling OI.
- Bank Nifty futures declined 341.6 points with falling OI.
- Long unwinding observed in both indices.
Technical View:
- Bearish engulfing candle on the daily chart.
- RSI near 47.
- Nifty remains below important medium- and long-term moving averages.
- Sustained move above 23,200 could open the path toward 23,500.
- Breakdown below 22,800 could trigger selling toward 22,500.
Technical View:
- Last closing: Approximately 55,490.
- RSI near 48.
- Trading near/below 20-day moving average.
- Sustained move above 55,500 needed for recovery.
- Below 54,900, further weakness is possible.
📊 STOCKS / SECTORS IN NEWS
- Reliance Industries: Jio IPO opens; Marco Rubio's Jamnagar refinery visit scheduled.
- Bajaj Finance: Consolidated profit grew 29% YoY; AUM increased 26%.
- Hindustan Zinc: Profit reportedly more than doubled to ₹6,400 crore; production cost guidance reduced.
- Infosys & Wipro: Strong ADR performance; Infosys results expected on 23 October.
- Private Banks: Axis Bank fell over 4%, HDFC Bank over 2%, ICICI Bank around 1% in the previous session.
📊 STOCK SETUPS TO WATCH
📅 Date – 21 October 2026 | Wednesday
1️⃣ VERY IMPORTANT NEWS
- 🔴 Crude Oil Risk: Brent crude touched nearly $112 before falling to around $109/barrel. Middle East tensions remain a major concern for Indian markets.
- 🟢 Gift Nifty Positive: Indicating a potential gap-up opening of approximately 80 points. Strong US markets and IT ADR gains support sentiment.
- 🟢 Reliance & Earnings Focus: Jio IPO subscription opens today, US Secretary of State Marco Rubio's Jamnagar refinery visit is scheduled, and strong Bajaj Finance and Hindustan Zinc results could influence stocks.
🌍 GLOBAL MARKET
✔️ US Markets:
- Dow Jones: +1.02% (nearly 530 points)
- S&P 500: +0.28%
- Nasdaq: −0.02%
- Strong corporate earnings supported markets, while AI stocks remained under pressure.
✔️ Asia Market Update:
- South Korea KOSPI: +3.62%
- Japan Nikkei: +1.76%
- Japan TOPIX: +1.12%
- Asian markets traded higher, supported by US futures and AI-related earnings.
✔️ Gift Nifty Signal:
- Positive indication of around 80 points gap-up.
- Opening sentiment: Positive.
✔️ Crude Oil:
- Brent: Approximately $109/barrel.
- WTI: Approximately $98/barrel.
- Elevated crude prices remain a major risk.
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
- IT: Positive; Infosys ADR gained nearly 4%, Wipro ADR more than 6%.
- Banking: Weak following private bank results and margin concerns.
- Financial Services: Bajaj Finance reported strong earnings.
- Metals: Hindustan Zinc reported strong profit growth.
- Energy: Reliance in focus due to Jio IPO and refinery visit.
✔️ Market Sentiment / Trend:
- Nifty last closed at 22,889, down 257 points.
- Nifty declined approximately 1.11% and Sensex 1.17%.
- Midcap and small-cap indices fell approximately 1%.
- Technical structure remains weak despite positive global cues.
- Gap-up opening possible, but selling pressure at resistance cannot be ruled out.
✔️ Volatility (India VIX):
- India VIX: 14.80
- Change: +5%
- Indicates increased market volatility.
💰 FII & DII DATA
✔️ FIIs:
- Cash market net selling: ₹1,149 crore.
- Monthly net outflow: ₹41,374 crore.
- FII index futures long-short ratio: 0.12, indicating strongly bearish positioning.
📊 COMMODITIES UPDATE
✔️ Crude:
- Brent: ~$109/barrel.
- WTI: ~$98/barrel.
- High crude prices could pressure the rupee, inflation outlook and equity sentiment.
📊 OPTIONS DATA (OI BUILD-UP)
✔️ Call OI:
- Highest Call OI: 23,000 strike.
- Next major Call OI: 23,200 strike.
- Fresh call writing at 23,000–23,200 suggests resistance.
✔️ Put OI:
- Fresh Put OI addition reported near 22,900.
- Some put-side strike figures in the transcript are inconsistent and cannot be reliably confirmed.
✔️ PCR:
- Nifty PCR: 0.93, down from 1.08 in the first report.
- Bank Nifty PCR: 0.94, down from 1.02.
- Indicates a bearish to cautious options setup.
✔️ Futures Positioning:
- Nifty futures declined 224 points with falling OI.
- Bank Nifty futures declined 341.6 points with falling OI.
- Long unwinding observed in both indices.
Technical View:
- Bearish engulfing candle on the daily chart.
- RSI near 47.
- Nifty remains below important medium- and long-term moving averages.
- Sustained move above 23,200 could open the path toward 23,500.
- Breakdown below 22,800 could trigger selling toward 22,500.
Technical View:
- Last closing: Approximately 55,490.
- RSI near 48.
- Trading near/below 20-day moving average.
- Sustained move above 55,500 needed for recovery.
- Below 54,900, further weakness is possible.
📊 STOCKS / SECTORS IN NEWS
- Reliance Industries: Jio IPO opens; Marco Rubio's Jamnagar refinery visit scheduled.
- Bajaj Finance: Consolidated profit grew 29% YoY; AUM increased 26%.
- Hindustan Zinc: Profit reportedly more than doubled to ₹6,400 crore; production cost guidance reduced.
- Infosys & Wipro: Strong ADR performance; Infosys results expected on 23 October.
- Private Banks: Axis Bank fell over 4%, HDFC Bank over 2%, ICICI Bank around 1% in the previous session.
📊 STOCK SETUPS TO WATCH
❤12
| Stock | Setup / Trigger |
| ---------------------- | ------------------------------------------------------------------ |
| Reliance Industries | Watch IPO subscription and refinery-related announcements |
| Infosys | Positive ADR cues; watch opening strength |
| Wipro | Strong ADR performance; watch follow-through buying |
| Bajaj Finance | Strong earnings; watch price-volume confirmation |
| Hindustan Zinc | Strong profit and lower cost guidance; watch breakout confirmation |
| HDFC Bank / ICICI Bank | Watch recovery or further selling in banking stocks |
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range:
22,550 – 23,250
Indicative range
Support 22,550Resistance 23,250
✔️ Bank Nifty Range:
- Key reference zone: 54,900–56,000.
- This is a technical reference zone, not a confirmed expected daily range.
📅 IMPORTANT DATA / EVENTS TODAY
- RBI October monetary policy meeting minutes (after market hours).
- US crude oil inventory data.
- US 20-year Treasury note auction.
- Jio IPO subscription opens.
- Marco Rubio's scheduled Reliance Jamnagar refinery visit.
- Quarterly earnings: Eternal, Adani Green Energy, Indian Hotels, SRF, Mahindra Finance and others.
🎯 INTRADAY TRADING VIEW
👉 Opening Bias: Positive | Overall Trend: Cautious
- Bullish Scenario: Nifty sustaining above 23,000 and breaking 23,200 could support a move toward 23,500.
- Bearish Scenario: Failure near 23,000–23,200 followed by a breakdown below 22,800 could bring 22,550–22,500 into focus.
- Bank Nifty: Watch 55,500 for strength and 54,900 for weakness.
- Avoid chasing the opening gap-up without price and volume confirmation.
- Monitor crude oil, banking stocks and Reliance closely.
📌 QUICK SUMMARY
- 🟢 Global markets and Gift Nifty indicate a positive opening; IT stocks may outperform.
- 🔴 High crude oil prices, FII selling and bearish derivatives positioning remain major concerns.
- 🎯 Nifty support at 22,800/22,500 and resistance at 23,000/23,200. Expect volatility and possible gap-up profit booking.
| ---------------------- | ------------------------------------------------------------------ |
| Reliance Industries | Watch IPO subscription and refinery-related announcements |
| Infosys | Positive ADR cues; watch opening strength |
| Wipro | Strong ADR performance; watch follow-through buying |
| Bajaj Finance | Strong earnings; watch price-volume confirmation |
| Hindustan Zinc | Strong profit and lower cost guidance; watch breakout confirmation |
| HDFC Bank / ICICI Bank | Watch recovery or further selling in banking stocks |
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range:
22,550 – 23,250
Indicative range
Support 22,550Resistance 23,250
✔️ Bank Nifty Range:
- Key reference zone: 54,900–56,000.
- This is a technical reference zone, not a confirmed expected daily range.
📅 IMPORTANT DATA / EVENTS TODAY
- RBI October monetary policy meeting minutes (after market hours).
- US crude oil inventory data.
- US 20-year Treasury note auction.
- Jio IPO subscription opens.
- Marco Rubio's scheduled Reliance Jamnagar refinery visit.
- Quarterly earnings: Eternal, Adani Green Energy, Indian Hotels, SRF, Mahindra Finance and others.
🎯 INTRADAY TRADING VIEW
👉 Opening Bias: Positive | Overall Trend: Cautious
- Bullish Scenario: Nifty sustaining above 23,000 and breaking 23,200 could support a move toward 23,500.
- Bearish Scenario: Failure near 23,000–23,200 followed by a breakdown below 22,800 could bring 22,550–22,500 into focus.
- Bank Nifty: Watch 55,500 for strength and 54,900 for weakness.
- Avoid chasing the opening gap-up without price and volume confirmation.
- Monitor crude oil, banking stocks and Reliance closely.
📌 QUICK SUMMARY
- 🟢 Global markets and Gift Nifty indicate a positive opening; IT stocks may outperform.
- 🔴 High crude oil prices, FII selling and bearish derivatives positioning remain major concerns.
- 🎯 Nifty support at 22,800/22,500 and resistance at 23,000/23,200. Expect volatility and possible gap-up profit booking.
❤21
बाजार में बढ़ी टेंशन! ये 4 बड़ी खबरें जानना ज़रूरी
http://youtube.com/post/UgkxpA9ZN16udwA4ILdIGbECraCB3plsKvwo?si=urBexldeaJhccSO0
अगर आप सच में Share Market सीखना चाहते हैं, तो नीचे दिए गए लिंक पर क्लिक करें और बिल्कुल मुफ्त सीखें। 👇
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अगर आप सच में Share Market सीखना चाहते हैं, तो नीचे दिए गए लिंक पर क्लिक करें और बिल्कुल मुफ्त सीखें। 👇
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✅ सबसे पहले सभी नए Updates पाने के लिए हमारे WhatsApp Channel से जुड़े। 👇
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❤9
📈 DAILY MARKET UPDATE
📅 Date – 22 October 2026 | Thursday
1️⃣ VERY IMPORTANT NEWS
• RBI Meeting Minutes: All 6 MPC members supported the repo rate hike to 5.50%. Further rate hikes remain possible; banking, auto and realty stocks may face pressure.
• India Core Sector Growth: September growth accelerated to 7.9% YoY, compared with 5.9% in August.
• Middle East Tensions: US ordered non-emergency government employees to leave Saudi Arabia amid security concerns. Brent crude remains near $110/barrel.
• Reliance: US Secretary of State Marco Rubio discussed Venezuelan crude, technology and energy partnerships with Reliance management. No confirmed new commercial deal announced.
• Jio IPO: Day 1 subscription reached 3.16x, driven by institutional demand of 9.42x.
🌍 GLOBAL MARKET
✔️ US Markets:
• Dow Jones: +0.69%
• S&P 500: +0.58%
• Nasdaq: +1.05%
• Technology and AI stocks supported the rally.
✔️ Asia Market Update:
• Nikkei: -0.50%
• KOSPI: -1.00%
• ASX 200: -0.50%
• Asian markets mostly negative.
✔️ Gift Nifty Signal:
• Indicating a negative opening of approximately 100+ points, according to the pre-market commentary.
✔️ Crude Oil:
• Brent: ~$110/barrel
• WTI: ~$98/barrel
• Middle East supply risks remain elevated.
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
• IT: Strong, Nifty IT gained nearly 3%.
• Banking, Financials and Auto: Weak.
• Midcap: -1.60%
• Smallcap: -2.40%
✔️ Market Sentiment / Trend:
• Cautious to bearish.
• Nifty: 22,811 (-78 points).
• Sensex: -0.19%
• Bank Nifty: -0.92%
• Selling pressure increased during the afternoon session.
✔️ Volatility (India VIX):
• 15.68, up nearly 6%.
• Four-month high indicates increased volatility.
💰 FII & DII DATA
✔️ FIIs:
• Net Buyers: Approximately ₹1,000–₹1,122 crore.
• Monthly net outflow: Approximately ₹39,616 crore.
✔️ DIIs:
• Net Buyers: Approximately ₹1,600 crore.
📊 COMMODITIES UPDATE
✔️ Crude:
• Brent near $110; elevated prices remain a concern for India.
📊 OPTIONS DATA (OI BUILD-UP)
✔️ Call OI:
• Highest Call OI: 23,000
• Next major Call OI: 23,200
• Strong call writing at 23,000 indicates resistance.
✔️ Put OI:
• Put activity concentrated around 22,700.
• Put unwinding at 23,000 indicates weakening support.
✔️ PCR:
• Nifty PCR: 0.93 (Axis Direct data).
• Bank Nifty PCR: 0.94.
• Second commentary reports Nifty PCR near 0.79.
• Overall options sentiment remains cautious to bearish.
📈 NIFTY LEVELS
✔️ Trend: Bearish to sideways
• Immediate Support: 22,700–22,600
• Major Support: 22,400
• Immediate Resistance: 23,000
• Strong Resistance: 23,200–23,300
• Sustained move above 23,000 may trigger a recovery toward 23,300.
📉 BANK NIFTY LEVELS
✔️ Trend: Bearish
• Immediate Support: 54,500
• Major Support: Not clearly specified.
• Immediate Resistance: 55,500
• Strong Resistance: 55,600
• Weak banking ADRs and RBI tightening concerns may keep pressure on banking stocks.
📊 STOCKS / SECTORS IN NEWS
• Reliance Industries: US energy discussions and Jio IPO subscription.
• SBI: Reported leak of approximately 4,000 customer records; bank stated balances remain safe.
• HDFC Bank: Internal investigation into alleged sharing of confidential information.
• Infosys & Wipro: ADRs rose approximately 7% and 4.6%, respectively.
• IBM: Improved software growth outlook, positive read-through for Indian IT.
• Adani Energy Solutions, HPCL, Havells India, Swiggy, Adani Total Gas, Nippon Life India AMC and Colgate-Palmolive: Quarterly results due.
📊 STOCK SETUPS TO WATCH
• Infosys / Wipro: Positive ADR cues and global technology strength.
• Reliance: Watch IPO developments and energy partnership announcements.
• HDFC Bank / ICICI Bank: Weak ADRs and pressure from interest-rate expectations.
• HPCL: Watch crude oil volatility and quarterly earnings.
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range: 22,600–23,000
✔️ Bank Nifty Range: 54,500–55,600
Indicative technical zones, not guaranteed intraday ranges.
📅 IMPORTANT DATA / EVENTS TODAY
• South Korea interest-rate decision.
• RBI overnight liquidity auction: 9:30–10:00 AM.
📅 Date – 22 October 2026 | Thursday
1️⃣ VERY IMPORTANT NEWS
• RBI Meeting Minutes: All 6 MPC members supported the repo rate hike to 5.50%. Further rate hikes remain possible; banking, auto and realty stocks may face pressure.
• India Core Sector Growth: September growth accelerated to 7.9% YoY, compared with 5.9% in August.
• Middle East Tensions: US ordered non-emergency government employees to leave Saudi Arabia amid security concerns. Brent crude remains near $110/barrel.
• Reliance: US Secretary of State Marco Rubio discussed Venezuelan crude, technology and energy partnerships with Reliance management. No confirmed new commercial deal announced.
• Jio IPO: Day 1 subscription reached 3.16x, driven by institutional demand of 9.42x.
🌍 GLOBAL MARKET
✔️ US Markets:
• Dow Jones: +0.69%
• S&P 500: +0.58%
• Nasdaq: +1.05%
• Technology and AI stocks supported the rally.
✔️ Asia Market Update:
• Nikkei: -0.50%
• KOSPI: -1.00%
• ASX 200: -0.50%
• Asian markets mostly negative.
✔️ Gift Nifty Signal:
• Indicating a negative opening of approximately 100+ points, according to the pre-market commentary.
✔️ Crude Oil:
• Brent: ~$110/barrel
• WTI: ~$98/barrel
• Middle East supply risks remain elevated.
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
• IT: Strong, Nifty IT gained nearly 3%.
• Banking, Financials and Auto: Weak.
• Midcap: -1.60%
• Smallcap: -2.40%
✔️ Market Sentiment / Trend:
• Cautious to bearish.
• Nifty: 22,811 (-78 points).
• Sensex: -0.19%
• Bank Nifty: -0.92%
• Selling pressure increased during the afternoon session.
✔️ Volatility (India VIX):
• 15.68, up nearly 6%.
• Four-month high indicates increased volatility.
💰 FII & DII DATA
✔️ FIIs:
• Net Buyers: Approximately ₹1,000–₹1,122 crore.
• Monthly net outflow: Approximately ₹39,616 crore.
✔️ DIIs:
• Net Buyers: Approximately ₹1,600 crore.
📊 COMMODITIES UPDATE
✔️ Crude:
• Brent near $110; elevated prices remain a concern for India.
📊 OPTIONS DATA (OI BUILD-UP)
✔️ Call OI:
• Highest Call OI: 23,000
• Next major Call OI: 23,200
• Strong call writing at 23,000 indicates resistance.
✔️ Put OI:
• Put activity concentrated around 22,700.
• Put unwinding at 23,000 indicates weakening support.
✔️ PCR:
• Nifty PCR: 0.93 (Axis Direct data).
• Bank Nifty PCR: 0.94.
• Second commentary reports Nifty PCR near 0.79.
• Overall options sentiment remains cautious to bearish.
📈 NIFTY LEVELS
✔️ Trend: Bearish to sideways
• Immediate Support: 22,700–22,600
• Major Support: 22,400
• Immediate Resistance: 23,000
• Strong Resistance: 23,200–23,300
• Sustained move above 23,000 may trigger a recovery toward 23,300.
📉 BANK NIFTY LEVELS
✔️ Trend: Bearish
• Immediate Support: 54,500
• Major Support: Not clearly specified.
• Immediate Resistance: 55,500
• Strong Resistance: 55,600
• Weak banking ADRs and RBI tightening concerns may keep pressure on banking stocks.
📊 STOCKS / SECTORS IN NEWS
• Reliance Industries: US energy discussions and Jio IPO subscription.
• SBI: Reported leak of approximately 4,000 customer records; bank stated balances remain safe.
• HDFC Bank: Internal investigation into alleged sharing of confidential information.
• Infosys & Wipro: ADRs rose approximately 7% and 4.6%, respectively.
• IBM: Improved software growth outlook, positive read-through for Indian IT.
• Adani Energy Solutions, HPCL, Havells India, Swiggy, Adani Total Gas, Nippon Life India AMC and Colgate-Palmolive: Quarterly results due.
📊 STOCK SETUPS TO WATCH
• Infosys / Wipro: Positive ADR cues and global technology strength.
• Reliance: Watch IPO developments and energy partnership announcements.
• HDFC Bank / ICICI Bank: Weak ADRs and pressure from interest-rate expectations.
• HPCL: Watch crude oil volatility and quarterly earnings.
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range: 22,600–23,000
✔️ Bank Nifty Range: 54,500–55,600
Indicative technical zones, not guaranteed intraday ranges.
📅 IMPORTANT DATA / EVENTS TODAY
• South Korea interest-rate decision.
• RBI overnight liquidity auction: 9:30–10:00 AM.
❤13
• US weekly jobless claims data after Indian market hours.
• Quarterly earnings from major Indian companies.
• Jio IPO subscription updates.
🎯 INTRADAY TRADING VIEW
👉 Market Bias: Cautious / Sell on Rise
• Nifty below 23,000: Selling pressure may continue.
• Nifty above 23,000: Recovery toward 23,200–23,300 possible.
• Nifty below 22,600: Further downside risk toward 22,400.
• Bank Nifty: Remains weak below 55,500–55,600.
• IT stocks may outperform, while banking and auto stocks remain under pressure.
• Monitor crude oil prices, Gift Nifty and India VIX before taking positions.
📌 QUICK SUMMARY
• US markets positive, but Asian markets mostly weak.
• RBI minutes suggest a cautious interest-rate outlook.
• Crude oil near $110 and Middle East tensions remain key risks.
• IT sector shows relative strength; banking stocks remain weak.
• FIIs and DIIs were net buyers, but options positioning signals caution.
• Overall Market View: Negative opening bias with high volatility.
• Quarterly earnings from major Indian companies.
• Jio IPO subscription updates.
🎯 INTRADAY TRADING VIEW
👉 Market Bias: Cautious / Sell on Rise
• Nifty below 23,000: Selling pressure may continue.
• Nifty above 23,000: Recovery toward 23,200–23,300 possible.
• Nifty below 22,600: Further downside risk toward 22,400.
• Bank Nifty: Remains weak below 55,500–55,600.
• IT stocks may outperform, while banking and auto stocks remain under pressure.
• Monitor crude oil prices, Gift Nifty and India VIX before taking positions.
📌 QUICK SUMMARY
• US markets positive, but Asian markets mostly weak.
• RBI minutes suggest a cautious interest-rate outlook.
• Crude oil near $110 and Middle East tensions remain key risks.
• IT sector shows relative strength; banking stocks remain weak.
• FIIs and DIIs were net buyers, but options positioning signals caution.
• Overall Market View: Negative opening bias with high volatility.
❤17
RBI का बड़ा फैसला, Crude Oil में उछाल और Jio IPO की धूम
http://youtube.com/post/UgkxNJ8gVcUfdDpkee9-Pacs3-rI5NU07g9s?si=tADG4k_GioDs1ZFu
अगर आप सच में Share Market सीखना चाहते हैं, तो नीचे दिए गए लिंक पर क्लिक करें और बिल्कुल मुफ्त सीखें। 👇
https://wa.link/f03oel
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✅ सबसे पहले सभी नए Updates पाने के लिए हमारे WhatsApp Channel से जुड़े। 👇
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http://youtube.com/post/UgkxNJ8gVcUfdDpkee9-Pacs3-rI5NU07g9s?si=tADG4k_GioDs1ZFu
अगर आप सच में Share Market सीखना चाहते हैं, तो नीचे दिए गए लिंक पर क्लिक करें और बिल्कुल मुफ्त सीखें। 👇
https://wa.link/f03oel
📢 ज़रूरी Updates पाने के लिए हमारा Telegram Channel ज़रूर Follow करें। 👇
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✅ सबसे पहले सभी नए Updates पाने के लिए हमारे WhatsApp Channel से जुड़े। 👇
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👍5❤2
📈 DAILY MARKET UPDATE
📅 Date – 23 October 2026 | Friday
1️⃣ VERY IMPORTANT NEWS
• Middle East Tensions: Brent crude surged above $113/barrel amid reports of threats to Saudi energy infrastructure and tanker attacks near the Strait of Hormuz.
• India–EU Trade Deal: Commerce Minister Piyush Goyal expects the agreement to be signed by year-end, with implementation potentially within 4–5 months after signing.
• US Tech Sell-Off: Nasdaq plunged 2.6% as concerns over AI spending and profitability triggered selling in major technology stocks.
• Reliance Jio IPO: Subscription reached 5.6x on Day 2, with institutional demand at 13.3x. Today is the final subscription day.
• FII Selling: Foreign investors sold approximately ₹3,459 crore, taking monthly net outflows to ₹42,438 crore.
🌍 GLOBAL MARKET
✔️ US Markets:
- Dow Jones: +0.02%
- S&P 500: -1.21%
- Nasdaq: -2.60%
- Meta declined nearly 7%; major technology stocks remained under pressure.
✔️ Asia Market Update:
- Japan Nikkei: -1.6%
- Japan TOPIX: -2.0%
- South Korea KOSPI: -2.4%
- Australia ASX 200: -0.4%
✔️ Gift Nifty Signal:
- Gift Nifty: Around 22,880
- Indicating a positive gap-up opening of over 150 points compared with the previous Indian market close.
✔️ Crude Oil:
- Brent Crude: Above $113/barrel
- WTI Crude: Near $100/barrel
- Rising geopolitical tensions remain a major concern.
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
- Nifty IT: -1.05%
- FMCG: -1.41%
- Auto: -0.73%
- Midcap: -0.87%
- Smallcap: -1.14%
- Banking stocks showed relative strength.
✔️ Market Sentiment / Trend:
- Nifty closed at 22,687, down 123 points (-0.54%).
- Third consecutive negative session.
- Doji candlestick indicates market indecision.
- Overall trend remains cautious with a positive opening indication.
✔️ Volatility (India VIX):
- India VIX: 15.76
- Four-month high, indicating elevated volatility.
💰 FII & DII DATA
✔️ FIIs:
- Net Selling: ₹3,459 crore
- Monthly Outflow: ₹42,438 crore
✔️ DIIs:
- Net Buying: Approximately ₹2,900 crore
📊 COMMODITIES UPDATE
✔️ Crude:
- Brent above $113/barrel.
- Negative for oil-sensitive sectors, especially paints
📊 OPTIONS DATA (OI BUILD-UP)
✔️ Call OI:
- Highest Call OI: 23,000
- Next Major Call OI: 23,200
- Fresh Call Writing: 22,600
- Call OI Addition: +2.6%
✔️ Put OI:
- Highest Put OI: 22,500
- Next Major Put OI: 22,600
- Fresh Put OI Addition: +14.3%
✔️ PCR:
- Nifty PCR: 0.78 → 0.88
- Bank Nifty PCR: 0.88 → 0.93
- Put additions improved the PCR, although overall market positioning remains cautious.
✔️ Futures Data:
- Nifty Futures OI: +9.03 lakh
- Bank Nifty Futures OI: +1.24 lakh
- Both contracts witnessed short buildup.
📈 NIFTY LEVELS
✔️ Trend: Bearish to sideways; gap-up opening expected.
- Immediate Support: 22,500
- Major Support: 22,400 / 22,200
- Immediate Resistance: 22,800–22,900
- Strong Resistance: 23,000
Technical View: A sustained move above 22,800–22,900 could trigger a recovery toward 23,000. A breakdown below 22,500 could increase selling pressure.
📉 BANK NIFTY LEVELS
✔️ Trend: Sideways to bearish, with relative strength compared with Nifty.
- Immediate Support: 54,400
- Major Support: Not specified in the source.
- Immediate Resistance: 55,300
- Strong Resistance: 55,400
Technical View: Bank Nifty closed near 54,930. A sustained breakout above 55,400 could improve momentum, while weakness below 54,400 would be negative.
📊 STOCKS / SECTORS IN NEWS
• Infosys & Wipro: US ADRs gained approximately 4% and 2%, respectively, supporting positive IT sector sentiment.
• Accenture & Cognizant: Both rallied around 6% following optimism around AI-related IT services opportunities.
• Swiggy: Revenue grew 36% YoY to ₹7,571 crore, but quarterly net loss increased to ₹922 crore from ₹791 crore in the previous quarter.
• Colgate-Palmolive: Profit rose nearly 4% to ₹342 crore but missed estimates. Operating margin declined from 30.6% to 27.8%.
• HDFC Bank & ICICI Bank: HDFC Bank ADR declined around 1%, while ICICI Bank ADR gained 1.4%.
📅 Date – 23 October 2026 | Friday
1️⃣ VERY IMPORTANT NEWS
• Middle East Tensions: Brent crude surged above $113/barrel amid reports of threats to Saudi energy infrastructure and tanker attacks near the Strait of Hormuz.
• India–EU Trade Deal: Commerce Minister Piyush Goyal expects the agreement to be signed by year-end, with implementation potentially within 4–5 months after signing.
• US Tech Sell-Off: Nasdaq plunged 2.6% as concerns over AI spending and profitability triggered selling in major technology stocks.
• Reliance Jio IPO: Subscription reached 5.6x on Day 2, with institutional demand at 13.3x. Today is the final subscription day.
• FII Selling: Foreign investors sold approximately ₹3,459 crore, taking monthly net outflows to ₹42,438 crore.
🌍 GLOBAL MARKET
✔️ US Markets:
- Dow Jones: +0.02%
- S&P 500: -1.21%
- Nasdaq: -2.60%
- Meta declined nearly 7%; major technology stocks remained under pressure.
✔️ Asia Market Update:
- Japan Nikkei: -1.6%
- Japan TOPIX: -2.0%
- South Korea KOSPI: -2.4%
- Australia ASX 200: -0.4%
✔️ Gift Nifty Signal:
- Gift Nifty: Around 22,880
- Indicating a positive gap-up opening of over 150 points compared with the previous Indian market close.
✔️ Crude Oil:
- Brent Crude: Above $113/barrel
- WTI Crude: Near $100/barrel
- Rising geopolitical tensions remain a major concern.
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
- Nifty IT: -1.05%
- FMCG: -1.41%
- Auto: -0.73%
- Midcap: -0.87%
- Smallcap: -1.14%
- Banking stocks showed relative strength.
✔️ Market Sentiment / Trend:
- Nifty closed at 22,687, down 123 points (-0.54%).
- Third consecutive negative session.
- Doji candlestick indicates market indecision.
- Overall trend remains cautious with a positive opening indication.
✔️ Volatility (India VIX):
- India VIX: 15.76
- Four-month high, indicating elevated volatility.
💰 FII & DII DATA
✔️ FIIs:
- Net Selling: ₹3,459 crore
- Monthly Outflow: ₹42,438 crore
✔️ DIIs:
- Net Buying: Approximately ₹2,900 crore
📊 COMMODITIES UPDATE
✔️ Crude:
- Brent above $113/barrel.
- Negative for oil-sensitive sectors, especially paints
📊 OPTIONS DATA (OI BUILD-UP)
✔️ Call OI:
- Highest Call OI: 23,000
- Next Major Call OI: 23,200
- Fresh Call Writing: 22,600
- Call OI Addition: +2.6%
✔️ Put OI:
- Highest Put OI: 22,500
- Next Major Put OI: 22,600
- Fresh Put OI Addition: +14.3%
✔️ PCR:
- Nifty PCR: 0.78 → 0.88
- Bank Nifty PCR: 0.88 → 0.93
- Put additions improved the PCR, although overall market positioning remains cautious.
✔️ Futures Data:
- Nifty Futures OI: +9.03 lakh
- Bank Nifty Futures OI: +1.24 lakh
- Both contracts witnessed short buildup.
📈 NIFTY LEVELS
✔️ Trend: Bearish to sideways; gap-up opening expected.
- Immediate Support: 22,500
- Major Support: 22,400 / 22,200
- Immediate Resistance: 22,800–22,900
- Strong Resistance: 23,000
Technical View: A sustained move above 22,800–22,900 could trigger a recovery toward 23,000. A breakdown below 22,500 could increase selling pressure.
📉 BANK NIFTY LEVELS
✔️ Trend: Sideways to bearish, with relative strength compared with Nifty.
- Immediate Support: 54,400
- Major Support: Not specified in the source.
- Immediate Resistance: 55,300
- Strong Resistance: 55,400
Technical View: Bank Nifty closed near 54,930. A sustained breakout above 55,400 could improve momentum, while weakness below 54,400 would be negative.
📊 STOCKS / SECTORS IN NEWS
• Infosys & Wipro: US ADRs gained approximately 4% and 2%, respectively, supporting positive IT sector sentiment.
• Accenture & Cognizant: Both rallied around 6% following optimism around AI-related IT services opportunities.
• Swiggy: Revenue grew 36% YoY to ₹7,571 crore, but quarterly net loss increased to ₹922 crore from ₹791 crore in the previous quarter.
• Colgate-Palmolive: Profit rose nearly 4% to ₹342 crore but missed estimates. Operating margin declined from 30.6% to 27.8%.
• HDFC Bank & ICICI Bank: HDFC Bank ADR declined around 1%, while ICICI Bank ADR gained 1.4%.
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• Paint & Aviation Stocks: Rising crude prices may pressure margins.
📊 STOCK SETUPS TO WATCH
• Infosys / Wipro: Watch for positive momentum following strong US IT ADR performance.
• HDFC Bank / ICICI Bank: Monitor relative strength and banking sector direction.
• Swiggy: Watch market reaction to rising sequential losses.
• Colgate: Monitor selling pressure following earnings disappointment and margin contraction.
• Paint Stocks: Watch for weakness due to elevated crude prices.
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range:
22,500 – 23,000
✔️ Bank Nifty Range:
54,400 – 55,400
These are indicative technical ranges based on the supplied reports, not guaranteed intraday boundaries.
📅 IMPORTANT DATA / EVENTS TODAY
• India: Quarterly results from Infosys, Dr. Reddy's Laboratories, JSW Steel, Shriram Finance, Adani Power and Torrent Pharma.
• Japan: Inflation data.
• Europe & UK: Business activity / PMI data.
• US: Business activity, consumer sentiment and inflation expectations data.
• Reliance Jio IPO: Final subscription day.
🎯 INTRADAY TRADING VIEW
👉 Opening Bias: Positive | Overall Trend: Cautious
- Gift Nifty indicates a strong gap-up opening.
- IT stocks may outperform following positive ADR movements.
- Nifty needs to sustain above 22,800–22,900 for stronger recovery confirmation.
- Below 22,500, selling pressure could intensify.
- High crude prices, FII selling and elevated VIX remain major risks.
- Avoid chasing the opening gap; watch whether buying sustains after the opening.
📌 QUICK SUMMARY
• Positive: Gift Nifty gap-up, strong Indian IT ADRs, India–EU trade deal optimism.
• Negative: Brent crude above $113, weak US technology stocks, continued FII selling and rising volatility.
• Key Nifty Levels: Support 22,500 | Resistance 23,000.
• Key Bank Nifty Levels: Support 54,400 | Resistance 55,400.
• Market Outlook: Positive opening expected, but sustainability is the key. Remain cautious until resistance levels are decisively crossed.
📊 STOCK SETUPS TO WATCH
• Infosys / Wipro: Watch for positive momentum following strong US IT ADR performance.
• HDFC Bank / ICICI Bank: Monitor relative strength and banking sector direction.
• Swiggy: Watch market reaction to rising sequential losses.
• Colgate: Monitor selling pressure following earnings disappointment and margin contraction.
• Paint Stocks: Watch for weakness due to elevated crude prices.
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range:
22,500 – 23,000
✔️ Bank Nifty Range:
54,400 – 55,400
These are indicative technical ranges based on the supplied reports, not guaranteed intraday boundaries.
📅 IMPORTANT DATA / EVENTS TODAY
• India: Quarterly results from Infosys, Dr. Reddy's Laboratories, JSW Steel, Shriram Finance, Adani Power and Torrent Pharma.
• Japan: Inflation data.
• Europe & UK: Business activity / PMI data.
• US: Business activity, consumer sentiment and inflation expectations data.
• Reliance Jio IPO: Final subscription day.
🎯 INTRADAY TRADING VIEW
👉 Opening Bias: Positive | Overall Trend: Cautious
- Gift Nifty indicates a strong gap-up opening.
- IT stocks may outperform following positive ADR movements.
- Nifty needs to sustain above 22,800–22,900 for stronger recovery confirmation.
- Below 22,500, selling pressure could intensify.
- High crude prices, FII selling and elevated VIX remain major risks.
- Avoid chasing the opening gap; watch whether buying sustains after the opening.
📌 QUICK SUMMARY
• Positive: Gift Nifty gap-up, strong Indian IT ADRs, India–EU trade deal optimism.
• Negative: Brent crude above $113, weak US technology stocks, continued FII selling and rising volatility.
• Key Nifty Levels: Support 22,500 | Resistance 23,000.
• Key Bank Nifty Levels: Support 54,400 | Resistance 55,400.
• Market Outlook: Positive opening expected, but sustainability is the key. Remain cautious until resistance levels are decisively crossed.
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एक तरफ Global Markets में दबाव, दूसरी तरफ Jio IPO में Institutional Investors का जबरदस्त रिस्पॉन्स
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