Good morning, traders and investors!
Here’s your detailed pre-market briefing to help you start the trading day informed and confident.
This report covers global cues, GIFT Nifty levels, open interest trends, Nifty/Bank Nifty/Sensex outlook, commodity prices,
IPO updates, investment focus stocks, swing trades, long-term opportunities, and India VIX levels.
🌍 Global Market Cues
Wall Street ended mixed after the U.S. Federal Reserve’s 25 bps rate cut, boosting global risk appetite.
Asian markets are cautious but positive, with Japan’s Nikkei trading higher while Hang Seng is flat.
Crude oil prices softened, while gold and silver rebounded, signaling safe-haven demand is intact. Overall, global cues are supportive but not euphoric — expect India to open with a mildly cautious tone.
📉 GIFT Nifty Status
Current Level: ~25,318 (down 0.15% in early trade).
Day’s Range: 25,313 – 25,360.
Implication: Suggests a slightly negative to flat opening for the Nifty 50.
🔢 Open Interest Trends
Nifty Options OI: Calls ~18.44 cr, Puts ~15.20 cr.
Put-Call Ratio (PCR): Tilting towards caution as more calls are being built at higher strikes.
Traders are positioning for resistance near 25,350–25,400 while supports are active at 25,100–25,200.
📊 Market View
Nifty 50
Support: 25,100 – 25,200
Resistance: 25,350 – 25,400 Likely to trade in a sideways to cautious upward range.
Bank Nifty
Support: 55,500 – 55,600
Resistance: 56,000– 56,160
Bank stocks may remain volatile; watch for RBI cues and FII flows.
Sensex
Support: 82,400 – 82,500
Resistance: 83,000 – 83,200
Broader trend remains positive; IT and Pharma may provide support.
🛢️ Commodities Watch
Crude Oil: ~₹5,578/barrel.
Weak bias;
support ₹5,500, resistance ₹5,650.
Gold: ~₹1,09,624/10g. Bullish bias with support ₹1,08,500; resistance ₹1,10,500.
Silver: ~₹1,28,800/kg. Positive outlook; resistance ₹1,30,000, support ₹1,25,500.
📈 India VIX
Current Level: ~9.9 (lifetime low).
View: Ultra-low volatility suggests market complacency. Any negative trigger could bring sharp moves.
🚀 IPO & Primary Market Updates
Over 25 IPOs worth ₹6,300 crore lined up this week.
Standout subscription:
Sampat Aluminium (169x oversubscribed). Big names: Anand Rathi Share Brokers, Seshaasai Technologies, Jain Resource Recycling. Analysts expect IPOs to add $1.3–1.5 trillion in market cap over the next decade.
📌 Focus Stocks
Swing Trading Picks
Banking Majors:
HDFC Bank, ICICI Bank (volatility but near supports).
IT Stocks: Infosys, TCS (global tech recovery play).
Metals: Tata Steel, Hindalco (benefiting from commodity moves).
Long-Term Investment Picks
Renewable Energy: Alpex Solar, Waaree Renewable (structural growth stories).
Pharma: Sun Pharma, Dr. Reddy’s (defensive + growth).
Consumer Staples: HUL, ITC (steady compounding plays).
🧭 Trading Strategy for Today
Watch GIFT Nifty for early direction.
Buy on dips near support zones (Nifty 25,100; Bank Nifty 55,600).
Keep strict stop-losses due to complacency risk with low VIX.
Stay stock-specific: avoid chasing gaps; focus on strong technical + fundamental names. For investors, use volatility (if it comes) as an opportunity to accumulate long-term winners.