🌍 Global & Macro Cues
Global markets are cautiously steady on early U.S. futures strength and European gains ahead of key central bank commentary.
Commodity prices, especially oil, are under the spotlight once again as supply concerns resurface.
China demand data later today could add spice for Asian markets.
Meanwhile, the U.S. Fed speeches scheduled today may set the tone for global rate expectations, which in turn will influence flows into India. (etnownews.com)
📊 GIFT Nifty & Opening Bias
GIFT Nifty futures are trading in the green, suggesting a mildly positive start for the Indian markets.
According to pre-open reads, the bias is cautiously positive, with sentiment leaning toward test of resistance zones rather than heavy upside immediately. (etnownews.com)
Expect a gap or small move early on; the first 20 minutes of action will be key to confirm whether bulls can sustain momentum.
⏪ Yesterday’s (08.10.2025) Snapshot:
VIX, Currency & Commodities
India VIX (Oct 8 close): ~ 10.3275 — up ~2.76% from prior day.
Indicates implied volatility is creeping higher. USD / INR: The rupee closed near ₹88.79 / USD, fairly stable — a slight appreciation relative to the previous close of ₹88.78.
Crude & Commodities: Brent crude is trading in the mid-$65s, under mild upward pressure from supply side news.
Gold remains steady as safe-haven demand supports.
These inputs set the macro mood: volatility is rising again, currency is stable but sensitive to flows, and commodities will remain watchpoints.
📐 Key Support & Resistance Zones
Here are levels I’m watching closely for today — treat them as ranges, not absolute lines:
Nifty 50
• Support: 24,900 – 25,000
• Resistance: 25,200 – 25,400
Bank Nifty
• Support: 55,700 – 56,000
• Resistance: 56,500 – 57,000
Sensex
• Support: 81,200 – 81,600
• Resistance: 82,500 – 83,000
If price breaks above resistance zones with volume + rising open interest, a new leg could begin. If it fails to hold supports, look for pullback zones near the lower bands.
📈 Open Interest, Put-Call Ratio & F&O Sentiment
Open interest shows heavy call interest still clustered around 25,000 – 25,200 Nifty strikes, while put accumulation is around 24,600 – 24,700.
That makes 25,000–25,200 a potential magnet / resistance band. Watch for whether total OI expands (signaling fresh positions) or contracts (indicating short-covering).
The put-call ratio remains elevated — caution mode — but a falling PCR along with rising index would confirm bullish strength.
📊 FII & DII Flow Snapshot
Recent flow trends suggest that DIIs are continuing to absorb selling, while FIIs are cautious. Both were turned in buy side for last two days.
FII (“foreign investors”) generally modest net sellers or near-neutral DII (domestic investors) steady net buyers in key sectors
If today DIIs step in again and FIIs inch positive, that would give bulls room to push ahead.
🏛 IPO & Market News to Watch
Canara Robeco AMC IPO opens today — the GMP is already ~12% over the upper band, signaling investor interest.
Canara HSBC Life IPO is set to open soon; watch the subscription interest and grey market movement for cues.
Lenskart IPO recently cleared regulators — its progress and listing plans remain keenly watched.
These large IPOs will attract capital flows, especially from institutional and high-net-worth participants; expect rotation across sectors.
🧭 Trade Ideas — Short-term & Long-term Picks
Short-term / Swing Trades (days → weeks):
Watch IT / software names that often respond quickly to global cues — use dip buys if price holds support.
Financials / Banking names — if Bank Nifty holds key supports, momentum may kick in.
Participate in IPO front-running trades (with strict stops), especially in Canara Robeco / HSBC Life.
Long-term / Core Investments (12+ months):
Quality private banks / NBFCs with clean books and growth runway.
IT / digital infrastructure names for global secular demand. Consumer / lifestyle names, especially if growth sustains beyond near cycles.
Entry strategy: stagger builds on dips, avoid all-in positions, and use stops based on support zones.
✅ Bottom Line
For October 9, 2025, the pre-market setup looks cautiously positive, backed by GIFT Nifty uptick and stable currency.
However, rising VIX warns of volatility; watch open interest and flows closely.
The key battleground remains 25,000–25,400 on Nifty and 56,000+ on Bank Nifty.
Let price + volume + OI confirm ahead of committing capital.