๐Global & Macro Cues
The global markets are mixed heading into today.
U.S. futures are soft after weak overnight cues, while Europe and Asia show cautious optimism ahead of central bank commentary and macro data releases.
Commodity and energy markets will remain volatile, especially oil, which is reacting to supply side tensions.
On the domestic front, corporate earnings reminders and large IPO activity will dominate flows.
Also, currency โ especially the rupeeโs performance vs USD โ will impact sentiment for export and import-sensitive names.
๐GIFT Nifty & Opening Bias
GIFT Nifty is signaling a flat to slightly positive start for Indian markets, up by ~2 points (~0.02 %) so far. (turn0search9)
Expect a relatively quiet first 15โ30 minutes โ watch whether the indices take direction from early breakouts or fade the gaps.
Volume and open interest confirmation will matter.
โช Yesterdayโs Snapshot: VIX, Currency & Commodities
India VIX: The India VIX fell ~1.87% to 10.12, signaling a modest easing in volatility expectations.
It remains well within its recent trading range. (turn0search7)
USD / INR: The rupee held steady near ~โน88.70โ88.80 / USD, with slight pressure from capital flow expectations and import demand.
Crude / Commodities: Oil (Brent / WTI) remains under watch, inching higher on geopolitical and supply signals.
Gold continues to attract safe-haven interest.
These dynamics set the tone: volatility is muted but still present, currency stability is crucial, and commodities could be a trigger for sector rotations
๐งญ Key Levels: Nifty / Bank Nifty / Sensex
Here are updated tradeable zones to watch today:
Nifty 50
Support: 24,900 โ 25,000
Resistance: 25,200 โ 25,400
Bank Nifty
Support: 55,700 โ 56,000
Resistance: 56,500 โ 57,000
Sensex
Support: 81,200 โ 81,600
Resistance: 82,500 โ 83,000
If markets break resistance with strong volume + rising OI, momentum may build. Otherwise, the bias could stay rangebound.
๐ Open Interest, PCR & Derivative Sentiment
Open interest shows call clusters around 25,000โ25,200 Nifty strikes and put interest near 24,600โ24,700 โ that zone could act as a magnet or resistance.
The Put-Call Ratio (PCR) remains elevated, reflecting cautious hedging.
A falling PCR with rising index would be a bullish confirmation. MoneyControl also notes โLong buildupโ in ~104 stocks (price + OI up) as one of the key setups. (turn0search7)
๐ฆ FII & DII Flow Overview
FIIs Net Buyers in Cash Markets:1308.16 Crores
DIIs as usual Net Buyers in Cash Markets to support markets: 864.36 Crores
FIIs have been cautious, flipping between net selling and modest buying depending on global sentiment.
DIIs continue to provide support, absorbing foreign pressure in domestic names.
A sustained uptrend would likely require a shift to net positive FII inflows, especially in marquee names and index stocks.
๐ข IPOs & Equity Results in Focus
Canara HSBC Life IPO opens today.
The company is expected to see strong retail interest given its bancassurance model and promoter backing (Canara Bank + HSBC). (turn0search13)
Quarterly results: The earnings season is underway โ names like TCS, heavyweight IT / financials will set the tone.
Also watch how IPO subscription / GMP move to gauge retail / institutional sentiment.
๐งญ Trade Ideas: Short-Term & Long-Term Picks
Short-Term / Swing
IT names may rebound if global cues favor tech.
Watch financial names near support zones for bounce setups.
IPO debuts might be volatile โ trade with tight stops.
Long-Term / Core
Focus on high quality banks, NBFCs, and tech names with global exposure.
Consumer / pharma names as ballast in case of defensive mode.
Entry tip: stagger buys, avoid chasing overextensions, always match with risk controls.