🌏 Global Cues + 🔮 GIFT Nifty (pre-open)
GIFT Nifty:
Gift Nifty ~25,975–25,990 (green; signaling a positive bias for the open).
Macro tone: Asia growth upgraded; Indian indices eye record-zone if 25,800–26,000 holds as a base.
Crude (Brent) ~$61/bbl; softer overnight—supportive for India.
🇮🇳 Current Key Levels (previous close reference)
Nifty 50: 25,709.85 (Fri close).
Bank Nifty: 57,713.35 (Fri close).
Sensex: 83,952.19 (Fri close).
Quick read: Street expects tests toward the 26,277 record zone if momentum sustains above the 25,800–26,000 band.
🧭 Support & Resistance (near-term “existing levels”)
Nifty 50
Support: 25,000–24,900 (deeper cushion 24,600–24,400).
Support Zone: 25550 – 25350
Resistance: 25,800–25,900; extension 26,100–26,200 on a clean breakout.
Bank Nifty
Support: 56,700–57,000.
Resistance: 57,950–58,540 (watch 58,650–59,000 if momentum expands).
Sensex
Support: 82,800–83,400.
Resistance: 84,350–85,300.
🧾 Major Results & Impact (what the market is keying off today)
Reliance Industries: Q2 FY26 profit up ~9–16% YoY; retail & digital solid; O2C mixed. Bias: supportive for headline indices.
ICICI Bank: Beat on profit; lower provisions; asset quality improved—positive read-through for Bank Nifty.
HDFC Bank: Profit up; NII growth modest; NIMs stable-to-soft—still constructive for financials.
Takeaway: Financials remain the leadership group into the open; RIL prints keep index heavyweights in focus.
📊 Derivatives: OI & Put/Call (how to read it today)
Into the new week, hedging has been active (rising vols recently flagged).
Elevated puts near the 25,700/25,500 zones and call writing toward 26k are typical pre-open markers to watch on NSE OI pages.
How to use: If puts build above 25,700 on dips → intraday supports strengthen; if calls add aggressively above 26k → upside caps intraday.
😶🌫️ India VIX (risk barometer)
Recently closed at ~11.63 still subdued, but ticking higher vs recent lows—favors buy-on-dips until a VIX spike flips the tone.
🆕 IPO & Primary Market
Meesho: Updated DRHP; fresh issue ~₹4,250 cr; OFS component included—headline pipeline stays healthy.
Overall 2025: ~80 IPOs / ~$14 bn raised; investors more selective vs 2024. Check live calendars/subscriptions if you plan stag strategies today.
⚙️ Commodities & FX (levels that matter for India)
Gold (MCX Dec) ~₹1,27,320/10g (off recent highs);
Silver (MCX Dec) ~₹1,57,300/kg (−6% overnight).
Brent Crude ~$61/bbl (soft)—a tailwind if sustained.
USD/INR: recent prints ~87.95–88.00; RBI action supportive; watch for gaps at open.
🎯 Weekly Range
Nifty 50: 25,400–26,000; above 25,900 opens 26,100–26,200.
Bank Nifty: 56,800–58,200 (break >58,200 eyes upper band).
Sensex: 83,500–85,000.
💡 Investment Ideas (Not investment advice)
Short-term (days–weeks)
Buy on dips near supports (Nifty 25,000–25,400, Bank Nifty 56,700–57,000), with tight SLs. Scale out into 26k / 58k supply zones.
Long-term (12–36 months)
Overweight high-quality financials and structural leaders (digital, infra). Keep a gold hedge slice given global uncertainty.
More details 👇
🗓 Indian Markets weekly view|kartalks.
⚠️ Disclaimer:
This content is for educational & informational purposes only and not an offer, solicitation, or recommendation to buy/sell securities or derivatives. Markets involve risk, including loss of principal. Do your own research and/or consult a SEBI-registered advisor before acting. Past performance is not indicative of future returns. Views may change without notice.