📊 Market Snapshot
Nifty Close: 25,807.20
FII Flow: ₹108.42 crore (Net Buy)
DII Flow: ₹276.85 crore (Net Buy)
Profit booking persisted in the previous session, with Nifty slipping to an intraday low of 25,752.4 before closing near the 25,803 level at 25,807.20.
🔎 Nifty Technical View
A small bearish candle formed on the daily chart, indicating emerging selling pressure near higher levels.
Key Support Levels
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25,663–25,591
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Extended support: 25,518
If downside momentum accelerates below 25,663, the index may test lower support zones.
Resistance Zones
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Immediate resistance: 25,735
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Strong resistance band: 25,879–25,953
A sustained breakout above 25,953 may open upside towards:
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26,025
-
26,097
For now, Nifty remains range-bound between 25,663 and 25,953.
🏦 Bank Nifty Outlook
Spot Close: 60,739.75
PCR: 1.09
Max CE OI: 60,000
Max PE OI: 60,000
Bank Nifty ended marginally lower at 60,739.75, down 5.60 points (-0.01%). The index traded within a 266-point range during the session, with a high of 60,864.40 and a low of 60,597.65.
📍 Technical Structure
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Major Support: 59,675
-
Major Resistance: 60,720
-
Intraday Support: 60,666
-
Intraday Resistance: 60,813
RSI: 60.6 (Neutral-to-Positive Zone)
Unless key support breaks decisively, consolidation within range may continue.
📈 Moving Average Position
Bank Nifty is currently trading above all major daily SMAs:
5, 10, 20, 30, 50, 100, 150 and 200-day averages.
This indicates broader trend stability despite short-term consolidation.
🕯️ Candlestick Pattern
A Long-Legged Doji (Uptrend) was identified on the daily chart, suggesting indecision near higher levels.
🌍 Macro & Global Indicators
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Dollar Index: 96.875
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India VIX: 20.82 (+17.96%)
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Brent Crude: $67.56 (-0.07%)
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US 10-Year Yield: 4.113%
Wall Street indices declined sharply, led by weakness in technology stocks amid AI disruption concerns and uncertainty over US interest rate trajectory.
Focus now shifts to January CPI inflation data in the United States, which may provide clarity on Federal Reserve policy expectations.
Stronger nonfarm payroll data has reduced the probability of near-term rate cuts, contributing to global risk recalibration.
📌 Pivot Levels for Today
Nifty
| Level | Value |
|---|---|
| S3 | 25,583.2 |
| S2 | 25,667.8 |
| S1 | 25,737.5 |
| Pivot | 25,822.1 |
| R1 | 25,891.8 |
| R2 | 25,976.4 |
| R3 | 26,046.1 |
Bank Nifty
| Level | Value |
|---|---|
| S3 | 60,336.72 |
| S2 | 60,467.18 |
| S1 | 60,603.47 |
| Pivot | 60,733.93 |
| R1 | 60,870.22 |
| R2 | 61,000.68 |
| R3 | 61,136.97 |
🧠 Trading Bias
Near-term structure remains range-bound with mild downside bias unless resistance levels are decisively breached.
Elevated VIX suggests volatility may remain higher in the coming sessions. Traders may consider disciplined position sizing and wait for breakout confirmation before aggressive directional bets.
