🌍 Global & Macro Cues
Global markets are on edge.
U.S. indices are trading cautiously as investors monitor economic data and geopolitical developments.
Europe is mixed, and China’s slow growth projections are adding to uncertainty.
Commodity markets are volatile — crude is seeing pressure amid supply concerns and demand doubts.
On the domestic front, India-EU trade talks begin their 14th round today, which could influence trade flows and investor sentiment.
The rupee is also in focus: with big IPOs coming (Tata Capital, LG Electronics), there’s expectation of capital inflows possibly supporting the currency. As of recent reports, the rupee closed ~₹88.77 per USD.
📈 GIFT Nifty & Opening Bias
Pre-market cues show GIFT Nifty is down ~10 points, suggesting a soft start for the domestic market.
Analysts expect rangebound trading with cautious bias unless global triggers push momentum.
The critical zone to watch is whether the market can push past 25,000 on Nifty — that is expected to be a major hurdle today.
🔁 VIX, Currency & Commodity Recap
India VIX: Closed around 10.06 (previous close) The decline in VIX signals some easing of volatility expectations heading into today.
USD/INR: Levels are in the ~88.65 – 88.85 range, with modest depreciation pressure.
Crude / Commodities: Crude remains under pressure; global supply and demand dynamics are key.
Gold & Safe Havens: Likely to attract interest if global risk worsens.
These moves suggest that while volatility is moderating, the environment is not entirely calm — small shocks can shift direction.
📊 Key Support & Resistance Levels
Based on trade setups and expert views:
Nifty 50
Resistance: ~ 25,000 – 25,100 – 25,250
Support: ~ 24,600
Bank Nifty
Resistance likely in 55,500 – 56,200 .
Support around 54,500 – 54,000
Sensex
Resistance near prior highs (~82,000+ levels)
Support in 80,000 – 79,500
For Nifty, the 25,000 mark is being viewed by many as a key pivot — unless the index decisively crosses and holds above that, we may see a lot of intra-day tug of war.
🧮 Open Interest, Put-Call Ratio & F&O Structure
Experts note that even though Nifty gained earlier, momentum indicators are still not giving bullish crossovers.
Expect consolidation until fresh triggers arrive.
The open interest build-up in calls above 25,000 and put accumulation near 24,600 zones is something to watch closely.
The put-call ratio (PCR) likely remains elevated — signaling cautious sentiment, with hedging and insurance in play.
💼 FII & DII / Flow Data
Recent commentary suggests FIIs are cautious, and DIIs are absorbing selling pressure.
With big IPOs (Tata Capital) expected to attract foreign capital, some reversal of foreign flows might occur, but it depends heavily on global risk sentiment.
🏢 IPO & Primary Market Updates
Tata Capital IPO opens today. It’s one of the largest NBFC IPOs of 2025, and is expected to draw substantial attention and capital inflows.
Bhavik Enterprises IPO is debuting today on the BSE SME platform, with the grey market showing 0% GMP (i.e., market expects it to open close to issue price of ₹140).
MPK Steels is also listing today after a modest IPO subscription (~1.54x).
These listings will create liquidity flow, volatility spikes, and sector rotation, especially in mid & small-cap space.
🔍 Trade Ideas: Short-Term & Long-Term Picks
Short-Term / Swing Ideas
Watch for momentum in steel, metal, banking names if global cues are favorable.
IPO stocks (Bhavik, MPK) may see sharp moves — trade with tight stops.
Use dip-buying in names reacting positively to RBI commentary or global pushes.
Long-Term / Core Picks
Names like Tata Capital (post IPO), large banks, cement / infrastructure could be good holds if valuations align.
Focus on companies with strong balance sheets, margin expansion potential, and consistent growth track record.
📌 Final Takeaway
Today’s session (Oct 6) is expected to be volatile and news-driven.
GIFT Nifty signals a mild down bias, and 25,000 is the key pivot to watch.
Recent drop in VIX suggests reduced panic, but underlying caution remains.
Watch FII flows, IPO reactions, and global triggers.
Trade selectively — don’t overstretch.
More details 👇