1️⃣ Nifty Key Levels
- Resistance: 24,341, 24,399, 24,492
- Support: 24,154, 24,096, 24,003
- Special Note: A rally to 24,500 is possible if 24,150 holds; else, watch 24,000–23,900 zone.
2️⃣ Bank Nifty Key Levels
- Resistance: 52,638, 52,831, 53,143
- Support: 52,014, 51,821, 51,509
- Bearish trends continue; RSI and MACD indicate weakness.
3️⃣ Nifty PCR
- Weekly PCR dropped to 0.55, signaling oversold conditions.
4️⃣ India VIX
- Slight dip to 14.37, still at elevated levels.
5️⃣ Call Options
- Key Resistance: 25,500 (1.57 Cr contracts)
- Maximum Call writing at 24,300, indicating resistance.
6️⃣ Put Options
- Key Support: 24,000 (84.73 lakh contracts)
- Maximum Put writing at 24,200, showing strong interest.
7️⃣ Stocks Under F&O Ban
- Added: NMDC
- Retained: Bandhan Bank, Chambal Fertilisers, Granules India, and more.
8️⃣ Long Build-Up
- 16 stocks saw long positions with increased OI and price.
9️⃣ Short Build-Up
- 113 stocks saw short positions with increased OI and falling price.
🔎 Key Observations
- Bears dominated for the third consecutive session.
- Nifty forms bearish candlestick patterns, signaling pressure at higher levels.
- Pharma is the only sector trading in green; broader indices remain under pressure.
📢 Pro Tip: Oversold signals indicate potential bounce, but watch for a decisive hold above 24,150 for bullish momentum.
