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Market Outlook Blog – 6 February 2026

🔔 Key Events to Watch Today RBI Credit Policy announcement at 10:00 AM Exchange Board Meeting (related to long-awaited IPO developments) US–Iran Nuclear Talks in Oman 🌏 Global Market Snapshot Global equity markets remain under pressure amid weak US job data, concerns around technology sector valuations, and cautious sentiment ahead of key central bank events. US Markets: US indices declined over 1%, with technology stocks leading losses. Rising capex by global tech majors and uncertainty around AI-driven growth weighed on sentiment. Asian Markets: Asian equities opened weak, tracking overnight losses in the US. Precious metals and base metals also witnessed sharp declines. Europe: European indices slipped around 1% each, impacted by weak global cues and earnings-related concerns. 🇮🇳 Indian Market Outlook Domestic markets are expected to open marginally lower amid weak global cues and cautious positioning ahead of the RBI policy outcome. GIFT Nifty indicates a gap-down opening. Market participants expect no change in interest rates, though liquidity measures such as a CRR cut remain a key hope. Traders are likely to remain range-bound, awaiting clarity on: RBI policy guidance India–US trade negotiation roadmap Despite short-term volatility, strong corporate earnings and structural reforms continue to support the medium- to long-term outlook. 🏦 Sector-wise View 🔹 Banking & Financials Focus remains on banks ahead of RBI policy. Liquidity-related announcements could drive near-term movement. PSU banks may stay in focus. 🔹 Capital Market & Exchange-linked Stocks Strong interest expected ahead of key board-level developments. Sector sentiment remains positive due to improving market participation. 🔹 Metals Weakness likely due to a sharp fall in global base metal prices. Short-term pressure expected. 🔹 Oil & Gas (OMCs) Falling crude prices are supportive for oil marketing companies. Sector outlook remains positive in the near term. 🔹 Auto & Auto Ancillaries Mixed performance; commentary-driven stocks likely to see selective action. 🔹 FMCG & Consumption Stable outlook with selective buying interest post-results. 📈 Technical View Nifty 50 Trend remains constructive above 25,500 Resistance: 25,800 → 26,000 Support: 25,500 → 25,350 Formation of an inside bar suggests consolidation. Bank Nifty Holding above 60,000 is crucial. Upside: 60,250 → 60,500 Downside: 59,750 → 59,500 🧮 Derivatives Insight PCR indicates cautious sentiment. Option data suggests: Immediate range: 25,300 – 26,300 Broader range: 24,800 – 26,800 FIIs remain net sellers, while DIIs continue to provide support. 🏭 Corporate & Sector Developments (Highlights) Infrastructure & Realty: Land acquisitions and capacity expansions remain positive. Energy & Power: Renewable and nuclear capacity discussions support long-term outlook. Automobiles & Manufacturing: Local production and capacity utilization improving. Healthcare & Pharma: Earnings-driven stock-specific action continues. Capital Goods: Order inflows and execution remain key triggers. 📅 Results Watch Today and upcoming sessions remain busy with earnings from sectors including: Metals & Cement Banking & Financial Services Consumer & Retail Capital Goods & Infrastructure Stock-specific volatility is expected around results. ⚠️ Disclaimer This blog is for educational and informational purposes only. We are not SEBI registered investment advisors or research analysts. The views expressed are based on publicly available information and market observations. This content does not constitute investment advice, stock recommendations, or solicitation to buy or sell any securities. Investors are advised to consult their financial advisor before making any investment decisions. Stock market investments are subject to market risks.

📊 Market Outlook – 5 February 2026

🌐 Global & Domestic Cues Indian equity markets are expected to open flat to mildly positive, supported by optimism around ongoing India–US trade negotiations, sustained FII participation, and strong Q3 corporate earnings. However, markets may remain range-bound as investors await clarity on the RBI credit policy scheduled tomorrow. Globally, US markets showed mixed trends as technology stocks corrected sharply amid rising concerns about AI-led disruption, particularly in software and IT services. Asian markets are trading cautious, while US futures indicate mild recovery. Despite short-term volatility, the broader market structure remains constructive, with mid-cap and small-cap stocks continuing to outperform, driven by earnings momentum and sector-specific triggers. 📈 Index & Technical View Nifty 50 Trend remains bullish as long as the index holds above 25,550 Upside targets: 26,000 → 26,200 Support levels: 25,550 → 25,400 Options data suggests an immediate trading range of 25,300–26,300 Bank Nifty Sustaining above 60,000 keeps bias positive Upside levels: 60,500 → 60,750 Support: 60,000 → 59,750 Inside-bar formation indicates consolidation with positive bias 🧭 Sector-Wise Strategy (Instead of Stock Names) 🏦 Banking & Financials Focus remains strong ahead of the RBI credit policy PSU banks and NBFCs may see renewed interest Improving asset quality and policy clarity are key triggers 🔩 Metals Base metal prices on LME are rising Positive sentiment expected in copper, steel, and mining-linked stocks 🛢️ Oil & Energy (Upstream) Brent crude surged nearly 4% to ~$69/bbl Upstream energy companies expected to benefit from higher realizations 💻 Information Technology Sector likely to remain volatile Global tech sell-off due to AI disruption fears continues to weigh on sentiment Stock-specific action expected rather than broad-based rally 🛍️ Consumption & Retail Strong Q3 earnings momentum Demand revival and margin stability remain key positives 🚗 Auto & Auto Ancillaries Select segments benefiting from capacity expansion and exports Margin improvement visible in tyre and auto component space 🏗️ Infrastructure & Capital Goods Order inflows, capex announcements, and government push remain supportive Medium- to long-term outlook remains positive 💊 Pharmaceuticals & Healthcare USFDA approvals and strong earnings driving selective upside Export-focused pharma companies remain in focus 💰 Institutional Activity FIIs: Mixed in cash market but positive derivative positioning DIIs: Continued buying support FII long-short ratio improving, indicating short covering and selective long build-up 🌍 Global Market Snapshot US: Nasdaq declined sharply; Dow gained marginally Europe: Markets gained on easing inflation and strong earnings Asia: Mostly cautious amid tech sell-off 🟡 Commodities & Macro Gold: Volatile but supported on dips Crude Oil: Positive bias due to geopolitical developments USD/INR: Stable, supportive for equities VIX: Low, indicating controlled volatility 📝 Conclusion The broader Indian equity market remains structurally strong, supported by earnings growth, favorable global trade developments, and institutional participation. While headline indices may consolidate in the short term, sector-specific opportunities in mid-caps and fundamentally strong themes continue to offer trading and positional opportunities. Any market correction should be viewed as a buy-on-dip opportunity. ⚠️ Disclaimer This blog is for educational and informational purposes only. We are not SEBI registered investment advisors or research analysts. The views expressed are personal interpretations based on publicly available data and market observations. Investments in the securities market are subject to market risks. Readers are advised to consult a SEBI-registered financial advisor before making any investment decisions.

📊 Market Outlook & Pre-Market Technical Setup – 4 February 2026

Indian equity markets witnessed a historic rally after the announcement of the India–US trade deal framework, leading to sharp gap-up openings across benchmark indices. However, after the initial euphoria, markets cooled off and moved into consolidation mode as investors booked partial profits and awaited clarity on the final agreement. 🔎 Index Technical Overview Nifty 50 Nifty opened with a massive gap-up near the 26300 zone but gave up part of the gains intraday and consolidated thereafter. Despite forming a negative candle, the index successfully negated the recent lower-low formation, indicating strength. Support: 25500 → 25300 Resistance: 26000 → 26200 Strength likely to rebuild as long as Nifty holds above 25500 Derivative View: Max Call OI: 26000, 25800 Max Put OI: 25000, 25500 Immediate range: 25500 – 26000 Broader range: 25200 – 26200 Sensex Sensex opened with a gap-up of nearly 4200 points, cooled off intraday but still managed to close with strong gains. The index invalidated its recent lower-low structure and is now trading above short-term moving averages. Support: 83400 → 82900 Resistance: 84000 → 84500 Bank Nifty Bank Nifty touched a fresh lifetime high near 61764, followed by sharp profit booking. Buying interest emerged near lower levels, resulting in consolidation. Support: 59750 → 59500 Resistance: 60500 → 60750 Strength intact above 59750 🌍 Global Market Cues US Markets: Tech-heavy indices declined sharply due to concerns over high AI valuations Asian Markets: Down 1–2%, led by IT selloff European Markets: Mildly negative amid tech weakness Gold & Silver: Sharp rally as USD weakened Crude Oil: Above $67/bbl due to geopolitical tensions 🏦 Key Domestic Triggers RBI 3-day MPC meeting begins today Credit policy decision on 6th February FIIs turned aggressive buyers (highest inflow in last 3 months) INR strengthened sharply against USD 📈 Sector-Wise Outlook ✅ Positive / Focus Sectors Textiles & Apparel Gems & Jewellery Engineering & Capital Goods Auto Components Chemicals Metals (supported by rising LME prices) Sugar (tightening global supply outlook) Upstream Oil & Gas (crude price strength) Defence & Infrastructure Renewable Energy & Power ⚠️ Cautious Sectors Information Technology (IT) Global tech selloff and AI valuation concerns may keep IT stocks under pressure. 🚀 Sector-Wise Strength Observed Banking & Financials Capital Goods & Infrastructure Logistics & Railways Pharmaceuticals Defence Manufacturing Specialty Chemicals Power & Renewable Energy 🐻 Sector-Wise Weakness Consumer Staples (Selective) IT Services New-age / Platform-based Businesses Certain FMCG names due to margin pressure 📌 Corporate & Earnings Highlights (Sector View) Pharma & Healthcare: Strong earnings momentum and regulatory positives Capital Goods: Order inflows and execution visibility remain strong Financial Services: Healthy AUM growth, stable asset quality Chemicals: Mixed results but specialty players outperforming Energy & Power: Capacity additions and renewable expansion supportive FMCG: Volume growth visible but margin pressure persists 🧠 Market Outlook – What to Expect Next? The market sentiment remains constructive but range-bound in the near term. While the India–US trade deal has significantly boosted confidence, investors may stay cautious until the final framework is announced. Strong Q3 earnings, improving FII participation, and a stable macro environment continue to provide downside support. 📌 Strategy: Prefer buy-on-dips approach Focus on sector leaders and trade-deal beneficiaries Avoid chasing gap-up moves aggressively ⚠️ Disclaimer This blog is for educational and informational purposes only. We are not SEBI registered investment advisors. The views expressed are based on publicly available data and technical analysis. Stock market investments are subject to market risks. Please consult your financial advisor before making any investment decisions.

📈 Historic India–US Trade Deal Sparks Market Optimism 03-Feb-2026

📰 News & Impact A historic breakthrough was announced late last night as the India–US trade deal was finalized. Under this agreement, US tariffs on Indian goods have been reduced sharply from 50% to 18%, making India one of the most favorably treated Asian trade partners. This landmark move is expected to significantly boost India’s exports, support rupee appreciation, and improve overall market sentiment. Over the last 12 months, India has now signed five major trade agreements with global economies including the UK, European Union, Oman, and New Zealand, strengthening India’s position in global trade. 🎯 Key Beneficiary Sectors The sharp tariff reduction is likely to positively impact the following sectors: Textiles & Apparel Leather Products Gems & Jewellery Frozen & Processed Foods Auto Ancillaries Seafood Exports Pharmaceuticals Chemicals & Fertilizers Manufacturing & Engineering 📊 Market Outlook – Strong Gap-Up Expected Market sentiment has improved significantly following the trade deal announcement. GIFT Nifty indicates a sharp upside of ~1,000+ points, suggesting a strong gap-up opening. Earlier concerns around high US tariffs had led to FII selling and pressure on equities. With tariffs now sharply reduced, FII short covering and renewed inflows into Indian equities are expected. Strong Q3 earnings, a growth-oriented Union Budget, and easing global risks further support the bullish outlook. 🔍 Sectoral Focus for the Day 🇺🇸 US–India Tariff Reduction (18%) Positive momentum expected in: Export-oriented manufacturing Pharma & chemicals Auto components Consumer export sectors 🛢️ Oil Marketing & Aviation Falling crude prices (~$66/bbl) Stable USD/INR ➡️ Positive for oil marketing companies and airline stocks 🔩 Metals Metal stocks have corrected 10–15% from recent highs Valuations look attractive for a rebound 🏦 PSU Banks Government considering raising foreign ownership limit to 49% from 20% Expected to improve capital availability and long-term growth prospects 🌏 Global Market Cues Asian Markets: Japan, South Korea, Taiwan up as much as 4% US Markets: Dow Jones +1%, S&P 500 near all-time highs European Markets: Germany & France indices up ~1% 💰 Commodities & Macro Snapshot Gold: Rebounded after sharp correction Crude Oil: Fell 5% to ~$66/bbl on easing geopolitical tensions FIIs: Net sellers DIIs: Net buyers, supporting domestic markets 📉 Technical View – Indices Nifty 50 Holding above 25,000 keeps bullish structure intact Upside levels: 25,250 – 25,350 Below 25,000: weakness towards 24,900 – 24,700 Bank Nifty Needs to sustain above 58,750 Upside levels: 59,000 – 59,250 Support: 58,250 – 58,000 📝 Conclusion The India–US trade deal marks a turning point for Indian markets, especially export-driven sectors. Combined with strong earnings, supportive domestic policy, and improving global cues, the outlook remains constructively bullish with volatility-driven opportunities. ⚠️ Disclaimer This content is for educational and informational purposes only. We are not SEBI registered. The views expressed here are personal opinions based on publicly available information and market data. Investments in securities markets are subject to market risks. Please consult a SEBI-registered financial advisor before making any investment decisions.

🇮🇳 Union Budget 2026: Market Reaction, Sectoral Impact & Derivatives Outlook

📌 Market Overview Indian equity markets witnessed sharp volatility post Union Budget 2026, marking one of the steepest Budget-day declines in recent years. The key trigger for the sell-off was the increase in Securities Transaction Tax (STT) in the derivatives segment, which dented trader sentiment and led to heavy unwinding of positions. Despite the government maintaining a growth-oriented yet fiscally disciplined stance, near-term market sentiment turned cautious due to higher transaction costs and global uncertainties. 💰 Union Budget 2026 – Key Highlights Tax & Personal Finance New Income Tax Bill 2025 introduced to simplify tax laws No change in tax slabs under the new regime Income up to ₹12 lakh effectively tax-free (with deductions) Senior citizens’ interest income deduction doubled to ₹1 lakh TCS on overseas tour packages reduced to 2% Infrastructure & Connectivity Record ₹12.2 lakh crore capex allocation for FY27 7 high-speed rail growth corridors announced New East–West Dedicated Freight Corridor 20 national waterways to be operationalised over 5 years Manufacturing, MSMEs & Jobs Semiconductor Mission 2.0 with ₹40,000 crore outlay ₹10,000 crore SME Growth Fund ₹10,000 crore Bio-Pharma manufacturing push Defence & Strategic Spending Defence allocation increased to ~₹5.9 lakh crore Strong push for indigenisation & domestic manufacturing Crypto & Digital Assets No changes announced 30% tax and 1% TDS remain unchanged 📉 Market Reaction Summary Nifty cracked over 500 points, forming a bearish engulfing candle Sensex fell over 1,500 points amid high volatility India VIX surged to a 7-month high Capital market-related stocks faced sharp selling pressure Key Reason: 📌 STT hike on Futures (0.02% → 0.05%) and Options (0.10% → 0.15%) 📊 Technical & Derivatives Outlook Nifty View Resistance: 25100 – 25250 Support: 24600 → 24400 Immediate range: 24500 – 25000 Broader range: 24300 – 25300 Bank Nifty View Resistance: 58750 – 59000 Support: 58000 → 57500 Trading range: 57500 – 59000 Put-Call Ratio declined sharply, indicating increased bearish sentiment. 🏭 Sector-wise Impact (Budget Theme Based) Positive / Focus Sectors Capital Goods & Infrastructure – higher public capex Defence Manufacturing – increased allocation & Make in India Semiconductors & Electronics Manufacturing – policy push Textiles & Apparel – export support, mega textile parks Pharmaceuticals & Biotech – biologics & biosimilar focus Data Centers & Digital Infrastructure – tax incentives Shipping & Logistics – ship repair ecosystem EV & Clean Mobility – continued government support Rare Earths & Critical Minerals – supply chain security Cautious / Volatile Sectors Capital Market & Broking – STT hike impact High beta financials – near-term pressure due to volatility 🌍 Global Market Cues Asian markets: Mixed US markets: Weak amid Fed leadership uncertainty European markets: Positive, led by metals Gold: Volatile after recent highs Crude Oil: Soft on geopolitical developments 🧭 Overall Market View Union Budget 2026 strikes a balance between growth and fiscal discipline, with strong long-term positives for infrastructure, manufacturing, defence, and services. However, higher STT, lack of direct tax relief, and global headwinds may keep markets volatile in the near term. 📌 Traders should remain cautious, manage risk strictly, and expect higher intraday swings. ⚠️ Disclaimer This blog is for educational and informational purposes only. We are NOT SEBI registered. Stock market investments are subject to market risks. Please consult a SEBI-registered financial advisor before making any investment or trading decision. Past performance is not indicative of future results.

Market Outlook: Union Budget Special | 1st February 2026

The Indian equity market is witnessing a rare Sunday trading session, with the Union Budget taking center stage. The Budget presentation begins at 11:00 AM, and markets are expected to remain volatile as investors closely watch policy announcements amid ongoing global trade and geopolitical concerns. The expectation is that the Budget will remain fiscally prudent, while introducing targeted measures to support economic growth, especially in sectors linked to infrastructure, defense, manufacturing, consumption, and public enterprises. Global cues remain mixed, with US markets closing lower on Friday following developments related to the Federal Reserve leadership. A sharp correction in precious metals such as gold and silver has also added pressure. Early indicators suggest a flat to mildly positive opening. Key Market Data Snapshot Global Markets Dow Jones: Negative close GIFT Nifty: Mildly positive Indian Indices Nifty 50: Trading near 25,300 Sensex: Around 82,200 Institutional Activity Domestic Institutions: Net buyers Foreign Institutions: Marginal net sellers Volatility Index (VIX): Moderately low, indicating controlled volatility Put Call Ratio (PCR): Below 1, suggesting cautious sentiment Sectoral Actionable View Instead of individual stocks, focus is advised on the following sectors: Defense & Aerospace Infrastructure & Capital Goods Banking & Financial Services Public Sector Enterprises Consumption-Oriented Sectors Derivatives & Technical Outlook Nifty Index Support zone: 25,000 – 25,200 Resistance zone: 25,500 – 25,850 Broader trading range expected: 24,800 – 25,800 Holding above 25,300 is crucial for upside momentum Banking Index Support: 59,250 – 58,750 Resistance: 60,000 – 60,500 Momentum visible at lower levels, consolidation at higher zones Union Budget 2027: Expectations & Themes The upcoming Budget is expected to prioritize economic insulation from global uncertainties, along with strategic long-term planning. Macro Expectations Fiscal deficit likely between 4.2% – 4.3% GDP growth projected around 7.2% No major changes expected in income tax or GST structure Key Sectoral Focus Areas Defense Higher allocation expected due to rising geopolitical tensions, benefiting defense manufacturing and allied industries. Infrastructure, Housing & Cement Increased spending expected to boost employment and rural development ahead of upcoming state elections. Renewable & Green Energy Strong push anticipated for solar, wind, green corridors, and clean energy financing. Rare Earth & Strategic Minerals Focus on reducing import dependence and supporting EV, defense, and renewable supply chains. Small Modular Nuclear Power Policy support expected for clean energy transition and long-term energy security. NBFCs, FMCG & Two-Wheelers Rural-focused spending may improve consumption and credit demand. Fertilizers & Agriculture Inputs Higher subsidies likely to boost rural demand and farm income. Railways & Logistics Continued emphasis on modernization, safety, and freight infrastructure. Healthcare & Insurance Potential increase in healthcare allocation, insurance accessibility, and cost rationalization. Technology, AI & MSMEs Encouragement for digital adoption, AI tools, SaaS platforms, and cyber security. Electric Vehicles Support expected for manufacturing, batteries, recycling, and charging infrastructure. Market Strategy for Investors Expect high intraday volatility during and after the Budget Avoid aggressive trades until clarity emerges Prefer sector-based positioning rather than stock-specific bets Focus on long-term structural themes aligned with government policy Disclaimer This blog is published for educational and informational purposes only. The views expressed are personal market opinions based on publicly available information and market data. We are not SEBI registered investment advisors. Readers are advised to consult their financial advisor before making any investment decisions. Investments in securities markets are subject to market risks.

📊 Market Outlook & Derivatives Analysis – 30 January 2026

🔍 Derivatives Overview Nifty का Put/Call Ratio (PCR) 0.97 से बढ़कर 1.06 हो गया है, जो बाजार में हल्की मजबूती और Put writing की मौजूदगी दर्शाता है। Option Chain Highlights (Nifty): Maximum Call OI: 26000 → 25500 Maximum Put OI: 25000 → 25300 Call Writing: 26000 और 25450 Put Writing: 25300 और 25400 ➡️ Broad Range: 24900 – 25800 ➡️ Immediate Range: 25200 – 25600 🏦 Bank Nifty Derivatives Setup Maximum Put OI: 59000, फिर 58500 Maximum Call OI: 59000, फिर 59500 Call Writing: 59300 Put Writing: 59000 Bank Nifty CMP: ~59950 ➡️ Expected Range: 59500 – 60450 🌍 Global & Macro Cues US equity futures कमजोर, Geo-political tensions (US-Iran) के कारण दबाव Gift Nifty ~0.4% नीचे Economic Survey ने भारत की GDP Growth 6.8% – 7.2% अनुमानित की Base metals (Copper, Aluminium, Zinc) multi-year highs पर Gold और Silver में मजबूती, Brent Crude ~$70/bbl 💰 Institutional Activity FIIs: Cash market में net sellers DIIs: Strong net buyers FII Index Long-Short Ratio घटकर ~12% के आसपास ➡️ यह संकेत देता है कि बाजार में selective buying + caution बना हुआ है 📈 Technical View – Nifty Daily chart पर bullish candle with long lower shadow Higher highs बनते हुए दिख रहे हैं Key Levels: Support: 25250 → 25150 Resistance: 25600 → 25850 Strength बनी रहेगी अगर index 25350 के ऊपर hold करता है 📊 Technical View – Bank Nifty Strong bullish candle, benchmark से outperform Lower levels पर buying interest स्पष्ट Key Levels: Support: 59750 → 59500 Resistance: 60250 → 60450 🏗️ Sectors in Focus Positive Bias वाले Sectors: Capital Goods (strong order inflow & results) Metals (LME prices surge) Upstream Oil & Gas (crude price support) Infrastructure & Railways (Budget expectations) Cautious / Volatile: IT & Tech (global earnings pressure) FMCG (profit booking) 📌 Market Outlook (Short Term) बाजार के flat to mildly negative खुलने की संभावना है। Union Budget से पहले volatility बनी रह सकती है। Overall trend range-bound with sector-specific opportunities रहने की उम्मीद है। ⚠️ Important Disclaimer यह ब्लॉग केवल शैक्षणिक (educational) और informational purpose के लिए है। हम SEBI registered investment advisor या research analyst नहीं हैं। यहाँ दी गई जानकारी किसी भी प्रकार की buy/sell recommendation नहीं है। Stock market में निवेश जोखिम के अधीन है। निवेश से पहले अपने financial advisor से सलाह अवश्य लें।

Market Outlook – 29 January 2026

Pre-Market Analysis, Derivatives & Global Cues Market Summary Indian equity markets ended the previous session on a strong note, supported by broad-based buying, improving domestic economic indicators, and positive expectations around the upcoming Union Budget. The benchmark indices formed bullish patterns on the daily charts, indicating improving momentum at lower levels. However, global uncertainties such as geopolitical tensions, rising crude oil prices, and a mildly negative global market setup suggest that markets may open marginally lower today. Any dip may present buying opportunities, provided key support levels hold. Index Technical View Nifty 50 The Nifty formed a bullish candle on the daily chart and successfully negated the lower-highs pattern seen over the past two sessions. Key Resistance: 25,450 – 25,600 Immediate Support: 25,200 Major Support: 25,050 For a sustained upward move, the index needs to hold above the 25,300 level. Sensex The Sensex showed strong recovery from intraday lows, indicating buying interest at lower levels and improving momentum. Upside Levels: 82,700 – 83,000 Support Zone: 82,000 – 81,800 With monthly expiry today, volatility may remain elevated. Bank Nifty Bank Nifty remained range-bound but maintained a positive bias. Buying interest was visible near lower levels. Resistance: 59,750 – 60,000 Support: 59,250 – 59,000 Holding above 59,500 is crucial for further upside. Derivatives & Options Insight Maximum Call Open Interest is placed near higher resistance zones Maximum Put Open Interest indicates strong support near key levels Put writing at lower strikes suggests confidence in downside protection Option data indicates: Immediate range: 25,100 – 25,500 Broader range: 24,800 – 25,800 The Put/Call Ratio has slightly softened, suggesting cautious optimism. Institutional Activity Foreign Institutional Investors (FIIs): Net buyers in cash market Domestic Institutional Investors (DIIs): Strong net buying continues This buying interest supports market stability despite global headwinds. Sectoral Outlook Positive Bias Sectors Metals: Rising base metal prices on global exchanges Defence: Budget expectations and strong order pipelines Railways & Infrastructure: Anticipation of higher government spending Public Sector Banks: Improved asset quality and earnings momentum Energy & Upstream Oil: Rising crude prices support realizations Weak or Cautious Sectors FMCG Consumer Durables Paints Aviation Selective Pharmaceuticals Global Market Cues The US Federal Reserve kept interest rates unchanged, in line with expectations US markets closed mixed after varied corporate earnings Asian markets opened mixed Crude oil prices rose to a four-month high amid geopolitical tensions Gold prices surged to record highs due to risk aversion and currency weakness Key Events to Watch Today Release of India’s Economic Survey Monthly expiry for Sensex derivatives Major corporate earnings across banking, FMCG, auto, power, and technology sectors Global data including US jobless claims and Japan consumer confidence Overall Market View The broader trend remains constructive, supported by strong domestic fundamentals, improving earnings, and institutional buying. While near-term volatility may persist due to global factors and derivative expiry, the medium-term outlook remains positive as long as key support levels are respected. Traders are advised to remain disciplined, manage risk carefully, and focus on sectoral opportunities rather than aggressive index-level positions. Disclaimer This blog is for educational and informational purposes only. We are not SEBI registered advisors. The views expressed are based on publicly available data and technical analysis and should not be construed as investment advice. Investments in the securities market are subject to market risks. Readers are advised to consult a qualified financial advisor before making any investment decisions.

Market Outlook – 28 January 2026

Volatile Session with Support-Based Buying The Indian equity market witnessed a highly volatile trading session amid global uncertainty, FII selling pressure, and anticipation around key macro events such as the Union Budget and global central bank meetings. Despite early weakness, benchmark indices showed resilience and recovered from lower levels, indicating strong support-based buying. 🔎 Nifty 50 – Technical View Nifty opened with a sharp gap down but managed to defend the crucial support zone near 24900–25000. Although volatility remained high throughout the session, the index recovered steadily and closed in the positive territory. The daily chart formed a bullish candle with a long lower shadow, suggesting buying interest at lower levels. Strength will improve if Nifty crosses and sustains above 25200, which can open the path toward 25400–25500. Immediate supports remain at 25000 followed by 24900. 📊 Options Data Insight Heavy Put writing near 25000 indicates strong support. Call writing near 25500–26000 suggests resistance at higher levels. Overall, option data points to a broader trading range of 24700–25700, with an immediate range of 24900–25400. 🔎 Sensex – Market Structure Sensex experienced wide intraday swings but recovered from lower levels, forming a bullish candle with a long lower wick on the daily chart. Buying is visible near support zones, but the lower-low structure still keeps short-term volatility high. A sustained move above 82000 is required for further upside toward 82200–82500. Failure to hold above this level may drag the index toward 81600–81400. 🔎 Bank Nifty – Relative Outperformance Bank Nifty showed relative strength compared to broader indices. The index recovered sharply from lower levels and formed a bullish daily candle. Sustaining above 59250 may lead to a bounce toward 59750–60000. Supports are placed near 59000 and 58750. 🧮 Derivatives View (Bank Nifty) Put writing around 59000 highlights strong support. Call writing near 59300–59500 indicates resistance. Expected trading range: 58750–60000. 🏭 Sectoral Outlook ✅ Positive Bias Seen In: Metals Mining & Natural Resources Cement & Infrastructure Public Sector Banks Private Banking Energy & Oil Exploration ⚠️ Weakness Observed In: Automobile & Auto Finance Paints & Chemicals Capital Goods Biotechnology & Pharma Consumer & Beverage Financial Services & Market Infrastructure 🌍 Global & Macro Snapshot Global markets remain mixed amid US Federal Reserve meeting expectations. FIIs continue to remain net sellers, while DIIs are providing strong support to the market. Volatility index remains moderate, indicating cautious sentiment. 📌 Key Takeaway The market is currently in a range-bound and volatile phase. While buying at lower levels suggests strong support, sustained upside will require follow-through buying and a reduction in global uncertainty. Traders are advised to remain cautious, follow levels strictly, and manage risk effectively. ⚠️ Disclaimer We are not SEBI registered. This content is for educational and informational purposes only and should not be considered as investment advice or a recommendation to buy or sell any security. Stock market investments are subject to market risks. Please consult a SEBI-registered financial advisor before making any investment decisions.

Market Outlook Blog – 27 January 2026

Volatility Persists Ahead of F&O Expiry and Union Budget Indian equity markets remain under pressure despite supportive global cues. Recent sessions have witnessed sharp selling, driven by sustained FII outflows, a weak rupee, and technical breakdowns across major indices. Although global markets are showing resilience, domestic sentiment remains fragile with heightened volatility expected due to monthly F&O expiry and the upcoming Union Budget. Nifty 50 – Technical & Derivatives View The Nifty index failed to sustain early gains and witnessed aggressive selling throughout the session. The index has formed a bearish belt-hold candle on both daily and weekly charts, clearly indicating strong selling pressure at higher levels. Over the last two weeks, Nifty has corrected nearly 1,450 points, confirming a lower-top, lower-bottom structure. Key Levels: Resistance: 25,200 → 25,350 Support: 24,900 → 24,800 As long as Nifty remains below 25,200, further weakness cannot be ruled out. Options Data Highlights: Maximum Call OI: 25,300 & 25,500 Maximum Put OI: 25,000 & 24,800 Immediate trading range: 24,900 – 25,300 Broader range: 24,800 – 25,600 Put-Call Ratio has declined, reflecting cautious to bearish sentiment. Sensex – Trend Overview The Sensex showed limited strength in the first half but succumbed to selling pressure later in the session. Every minor pullback was met with fresh selling, indicating bearish dominance. Key Levels: Resistance: 81,800 → 82,200 Support: 81,300 → 81,000 The broader trend remains negative unless the index reclaims key resistance levels. Bank Nifty – Sector Under Pressure Bank Nifty failed to hold above crucial levels and closed below its 50-day EMA, forming a large bearish candle on both daily and weekly charts. This marks the lowest weekly close in nearly nine weeks. Key Levels: Resistance: 58,750 → 59,000 Support: 58,250 → 58,000 Derivatives data suggests consolidation with a negative bias. Sectoral Outlook Positive Bias Sectors: Metals – Supported by rising base metal prices Textiles & Apparel – Hope of India–Europe trade agreement PSU Banks – Strong quarterly performance Defence – Expectations of higher budget allocation Pharma & Export-Oriented Sectors – Beneficiaries of trade agreements Weak to Cautious Sectors: Fintech & Digital Payments Real Estate Aviation IT Midcaps Energy & Power Utilities Global Market Snapshot US Markets: Closed higher ahead of the Federal Reserve policy decision Asian Markets: Trading flat to positive European Markets: Mild gains led by metal stocks Gold: Strong uptrend amid geopolitical risks Crude Oil: Stable with demand concerns Rupee: Slipped to a fresh record low against the US Dollar Institutional Activity FIIs: Net sellers (strong monthly outflow continues) DIIs: Net buyers, partially cushioning the fall Persistent FII selling remains a major overhang for the market. Key Events to Watch Monthly F&O expiry US Federal Reserve interest rate decision Union Budget announcement Developments around India–Europe trade discussions Rupee–Dollar movement Ongoing Q3 earnings season Market View Summary While global cues and trade optimism offer some support, technical weakness and FII selling dominate the near-term trend. A short-term bounce is possible, but unless key resistance levels are reclaimed, the broader bias remains cautious to bearish. Traders are advised to stay disciplined, focus on risk management, and prefer sector-based opportunities over aggressive index positions during this volatile phase. Disclaimer This blog is for educational and informational purposes only. We are not SEBI registered investment advisors. The views expressed are personal market opinions based on technical and derivative data. Stock market investments are subject to market risks. Readers are advised to consult their financial advisor before making any investment or trading decisions. Past performance is not indicative of future results.

Pre-Market Market Outlook & Derivatives Setup – 23 January 2026

Market Overview Indian equity markets are expected to open on a cautiously positive note, supported by strong global cues, easing geopolitical tensions, and encouraging quarterly earnings. However, intraday volatility may persist due to derivatives positioning and continued FII selling. Global markets rallied overnight after improved risk sentiment, while Asian indices traded marginally higher. Domestically, the index continues to hold crucial long-term averages, suggesting resilience despite recent swings. Index Technical Outlook Nifty 50 Nifty formed a Doji candle, indicating indecision but also a potential pause in the recent corrective phase. The index has broken its short-term lower high–lower low structure, hinting at stabilization. Immediate Support: 25150 → 25000 Key Resistance: 25450 → 25600 Bias: Hold above 25200 to maintain recovery momentum Expected Range: 25100 – 25500 (Broader range: 24800 – 25800) Sensex Sensex witnessed high volatility but showed strong buying interest at lower levels, reflecting support from institutional investors. Resistance: 82500 → 83000 Support: 82200 → 81900 Structure: Sideways with positive undertone Bank Nifty Bank Nifty formed a Doji with long wicks, indicating active participation from both buyers and sellers. Support Zone: 59000 → 58750 Resistance Zone: 59250 → 59750 Trend: Range-bound, stock-specific action likely Derivatives & Options Data Nifty Put Call Ratio (PCR): ~0.85 (Neutral to mildly positive) Maximum Call OI: 25400 → 25500 Maximum Put OI: 25000 → 25200 Option Data Indicates: Immediate range: 25100 – 25500 Broader range: 24800 – 25800 FII Activity Net sellers in cash market Index futures shorts increased Stock futures show selective long build-up DII Activity Continued net buying, providing downside support Sector-wise Outlook Positive / Focus Sectors Metals: Rising global steel prices supportive Defence: Budget expectations and order inflows Public Sector Banks: Improved asset quality trends Infrastructure & Capital Goods: Strong order visibility Gold Finance: Record-high gold prices supportive Cautious / Weak Sectors Real Estate: Margin pressure visible Consumer Durables: Cost pressures impacting profitability Selective NBFCs: Asset quality concerns in pockets Global Market Snapshot US Markets: Closed higher on strong GDP and tech rally Asia: Trading mildly positive Gold: At record highs due to geopolitical uncertainty Crude Oil: Corrected sharply on peace-talk developments Volatility Index (VIX): Low-to-moderate, but can spike intraday Strategy for the Day Expect range-bound trade with stock-specific action Buy on dips near strong supports Avoid aggressive leverage near resistance zones Focus on earnings-driven and sector rotation trades Disclaimer This blog is for educational and informational purposes only. We are NOT SEBI registered. The views expressed are based on technical, derivatives, and publicly available market data and do not constitute investment advice. Stock market investments are subject to market risks. Please consult a SEBI-registered investment advisor before making any trading or investment decisions.

Market Outlook – Tuesday, 20 January 2026

Nifty Weekly Expiry – Volatile with Bullish Bias Today is Nifty weekly expiry, and the market setup indicates high volatility with selective buying near support levels. Global cues remain mixed due to geopolitical tensions and renewed trade concerns, while domestic fundamentals continue to provide support. --- Nifty Technical Snapshot Weekly VWAP: 25,620 Nifty is trading slightly below VWAP, indicating a volatile stance for the expiry-day perspective. Trend Outlook Bias: Volatile to mildly bullish Sharp intraday swings are expected, with buying interest visible near lower support zones. Key Levels Resistance: 25,700 → 25,850 Support: 25,450 → 25,350 Bullish Trigger: Sustained trade above 25,650 Expected Expiry Range 25,350 – 25,850 --- Derivatives Overview – Nifty Max Call OI: 25,800 / 26,000 Max Put OI: 25,500 / 25,700 Put-Call Ratio (PCR): 0.77 (slightly improved) OI Build-up Zones Call Writing: 25,800 – 25,850 Put Writing: 25,500 – 25,600 ➡️ Derivatives data suggests mixed cues with a broader range of 25,200 – 26,000. --- Expiry Day Strategy (Educational View) Bull Call Spread: Buy near-ATM Call and Sell higher strike Call to manage risk Range-bound Strategy: Option writing near extreme support and resistance levels (high risk, suitable only for experienced traders) ⚠️ Strict risk management is essential on expiry day. --- Bank Nifty Outlook Current Range: 59,500 – 60,500 Key Levels Resistance: 60,000 → 60,250 → 60,500 Support: 59,750 → 59,500 Bank Nifty formed an inside-bar pattern, indicating consolidation. A decisive move above 60,000 is required for fresh upside momentum. --- Global & Macro Cues Gold & Silver: Trading at record highs amid geopolitical uncertainty Crude Oil: Slightly weak below $64 per barrel IMF Update: India’s FY26 GDP growth forecast raised to 7.3%, supportive for long-term sentiment Global Markets: Weak US and European cues due to renewed tariff and geopolitical tensions --- Sectoral Outlook (Instead of Stock-specific) Positive Sector Bias PSU Banks: Supported by strong quarterly results and improving asset quality IT Services: Selective buying on stable margins and deal pipeline Metals: Benefiting from rising global metal prices Defense: Positive momentum on fresh procurement approvals FMCG: Expectations of steady earnings and demand recovery Tyre & Auto Ancillaries: Margin improvement and strong quarterly performance Weak / Cautious Sectors Large-cap Energy & Telecom: Profit booking Disclaimer: We are not SEBI registered. All views shared are personal and for educational purposes only. Market investments are subject to risk. Please do your own research or consult a SEBI registered advisor before investing.

📊 Market Outlook – 19 January 2026

Global Cues & Market Sentiment Indian equity markets are expected to open on a subdued note, tracking weak global cues. US index futures are down nearly 1% after the US President announced fresh tariffs on select European countries, escalating geopolitical tensions related to Greenland. Asian markets are also trading over 1% lower, reflecting global risk aversion. Precious metals have surged sharply, with gold and silver hitting record highs, as investors seek safe-haven assets. The US Dollar Index has climbed to a six-week high, adding pressure on emerging markets. The US market is shut today, which may keep volumes light, but volatility could remain elevated due to global uncertainties. 📉 Domestic Market Overview GIFT Nifty indicates a weak start, down around 150–160 points (0.6%) Continued FII selling remains a concern, while DIIs continue to provide support Uncertainty around the US–India trade agreement is weighing on sentiment Despite near-term weakness, overall market structure remains constructive Supportive factors include: Strong quarterly earnings from select sectors Expectations of a favourable Union Budget India’s FY26 GDP growth outlook revised upwards Domestic inflation easing below 2%, strengthening the case for further RBI rate cuts Markets are likely to remain stock- and sector-specific, and any sharp correction could present buying opportunities. 🧭 Sector-wise Outlook 🔹 PSU Banking Sector Positive momentum expected after strong quarterly performance and improving asset quality across public sector banks. 🔹 Metal Sector Positive bias as base metal prices remain strong, with copper at record highs and aluminium at multi-year highs. 🔹 IT Sector Sentiment improved following better-than-expected results and improved outlook, supporting near-term stability. 🔹 Defence Sector Strong long-term outlook after approval to acquire 114 fighter jets, boosting defence manufacturing and ancillaries. 🔹 Tea Sector Positive momentum as auction prices surge due to strong demand and supply constraints in India and Kenya. 🌏 Global Market Snapshot Asian Markets Asian indices declined sharply amid tariff-related uncertainty and concerns over US Federal Reserve leadership. US Markets US indices ended marginally lower on Friday as investors reacted to uncertainty over the next Federal Reserve Chair. European Markets European equities closed lower, weighed down by rising inflation in Germany. 🪙 Commodities & Currency Gold & Silver: Hit record highs on geopolitical tensions Brent Crude: Up around 1%, trading above $64/bbl Dollar Index: At six-week high USD/INR: Rupee remains under pressure 🏦 Institutional Activity FIIs: Net sellers (~₹4,300+ crore) DIIs: Net buyers (~₹3,900+ crore) Monthly trend shows continued FII outflows, while DIIs remain supportive 📈 Technical View – Index Levels Nifty 50 Support: 25,600 → 25,500 Resistance: 25,850 → 26,000 Holding above 25,650 may lead to a bounce Bank Nifty Support: 59,750 → 59,500 Resistance: 60,250 → 60,500 Strength intact as long as it holds above 60,000 Option data suggests: Immediate range: 25,500 – 25,900 Broader range: 25,400 – 26,100 📌 Key Themes to Watch Ongoing earnings season volatility Global trade tensions & geopolitics Precious metals strength Sector rotation rather than broad-based rally ⚠️ Disclaimer This blog is for educational and informational purposes only. We are not SEBI registered investment advisors or research analysts. The views expressed are based on publicly available information and market data and should not be considered as investment advice. Stock market investments are subject to market risks. Please consult your financial advisor before making any investment decisions.

📈 Market Outlook – 16 January 2026

Pre-Market Technical, Derivatives & Global Cues Indian equity markets are expected to open on a positive note today, supported by encouraging global cues, strong quarterly earnings from select sectors, easing crude oil prices, and optimism around global trade developments. However, volatility may persist at higher levels due to mixed derivative signals and ongoing institutional activity. 🔍 Index Technical View Nifty 50 The index witnessed a volatile session, opening weak but recovering during the first half. Selling pressure emerged near higher levels, resulting in a late-session decline. On the daily chart, Nifty formed a small-bodied candle with a longer upper shadow, reflecting hesitation and lack of follow-through buying at elevated levels. Key Levels: Support: 25,600 → 25,500 → 25,400 Resistance: 25,800 → 26,000 If Nifty sustains above the 25,600 zone, a short-term bounce towards 25,800–26,000 cannot be ruled out. Failure to hold may invite further consolidation. Sensex The benchmark index traded within a wide intraday range, highlighting a tug of war between bulls and bears. The formation of a small-bodied candle with a longer upper wick indicates selling pressure at higher levels. Key Levels: Support: 83,000 → 82,800 Resistance: 83,700 → 84,000 The index needs a decisive breakout above resistance zones to regain bullish momentum. Bank Nifty Bank Nifty opened with a gap-down but showed recovery and buying interest at lower levels. Despite a strong bounce, it failed to sustain higher levels and closed near flat. The index continues to form higher highs and higher lows on the lower time frame, indicating accumulation near supports. Key Levels: Support: 59,250 → 59,000 Resistance: 59,750 → 60,000 → 60,250 A sustained move above 59,750 is required for further upside. 🧮 Derivatives & Institutional Activity Nifty Put-Call Ratio: Declined, indicating cautious sentiment Option Data: Call resistance seen near 25,800–26,000 Put support placed near 25,600–25,700 Trading Range: Broad: 25,300 – 26,100 Immediate: 25,500 – 25,900 Institutional Flow: Foreign investors continued selling in the cash market Domestic institutions remained net buyers Heavy short positions in index futures may lead to intermittent short-covering rallies 🌍 Global Market Cues US equity markets closed marginally higher, led by technology and banking stocks Asian markets opened mixed after strong semiconductor earnings Crude oil prices dropped sharply amid easing geopolitical tensions Precious metals witnessed profit booking after recent rallies Overall global sentiment remains supportive but selective. 🏭 Sector-Wise Outlook Positive Bias: PSU Banking Information Technology Metals Infrastructure Energy & Power Defence Capital Markets Cautious / Weak Bias: Select Pharmaceuticals Consumer Durables Realty Aviation New-age Technology Platforms Markets are expected to remain sector-specific, with stock selection playing a key role. 📊 Market Summary Mid-cap and small-cap segments continue to show relative strength PSU banks and metal stocks remain leadership sectors Profit booking visible in select heavyweight stocks Volatility remains low, indicating range-bound conditions with sudden spurts Any short-term correction may offer selective buying opportunities in fundamentally strong sectors. ⚠️ Disclaimer This blog is for educational and informational purposes only. We are not SEBI registered investment advisors or research analysts. The views expressed are based on publicly available market data and technical interpretation. Readers are advised to consult their financial advisor before making any investment or trading decisions. Investments in securities markets are subject to market risks. Past performance does not guarantee future results.

📊 Market Outlook Blog – 14 January 2026

📈 Market Overview Indian equity markets witnessed a volatile session amid mixed global cues. After opening with a gap-up, benchmarks failed to sustain higher levels due to selling pressure at elevated zones. Persistent foreign selling, rising crude oil prices, and geopolitical uncertainties continue to influence short-term sentiment. However, strong domestic fundamentals, improving GDP outlook, and ongoing earnings season are providing support at lower levels. Asian markets traded mixed, with Japan outperforming. US markets closed lower following mixed corporate earnings and cautious sentiment around trade policies and inflation data. Domestically, markets remain range-bound with stock and sector-specific action dominating. 🔎 Index Technical View Nifty The index formed a bearish candle with a long lower shadow, indicating buying interest near support. Structure suggests consolidation after recent declines. Resistance: 25,800 → 25,900 → 26,000 Support: 25,600 → 25,500 Expected Range: 25,500 – 26,000 Broader option data suggests a wider range of 25,400 – 26,200. Sensex Volatile price action with selling pressure at higher levels. Recovery attempts lacked follow-through buying. Resistance: 83,800 → 84,100 Support: 83,300 → 83,000 Weekly expiry may keep the index range-bound. Bank Nifty High volatility within a broad range. Supports remain intact despite selling at higher levels. Upside: Above 59,500 → 59,750 → 60,000 Downside Support: 59,250 → 59,000 Expected Range: 59,000 – 60,000 🧮 Derivatives & Institutional Data Put-Call Ratio remains subdued, indicating cautious sentiment. Call writing visible at higher strikes, put writing at lower levels, suggesting range-bound trade. Foreign institutions continued selling in cash and derivatives. Domestic institutions remained net buyers, providing stability. 🌍 Global & Macro Cues Global markets are reacting to mixed inflation data, rising oil prices, and trade-related developments. Crude oil prices touched multi-month highs, supporting upstream energy sectors. Precious metals like gold and silver remain at record levels amid global uncertainty. India’s medium-term growth outlook remains positive, supported by domestic demand. 🏭 Sectoral Outlook Positive Bias Metals: Supported by global demand and price strength Upstream Energy: Benefiting from rising crude prices Banking & Financials: Select PSU and private banks showing improving fundamentals IT Services: Stock-specific opportunities amid earnings season Cement & Infrastructure: Expectations of higher government spending Weak / Cautious Consumer Durables Retail & Aviation Capital Goods Telecom Selective PSU stocks 📌 Market Strategy Markets are likely to remain volatile and range-bound in the near term. Traders should focus on sector rotation and stock-specific opportunities. Any sharp correction towards key support zones may offer selective buying opportunities. Risk management remains crucial amid global uncertainty. ⚠️ Important Disclaimer This blog is for educational and informational purposes only. We are not SEBI registered. This is not investment advice, nor a recommendation to buy or sell any securities. Stock market investments are subject to market risks. Please consult a SEBI-registered investment advisor before taking any financial decisions.

📊 Market Outlook Today – January 13, 2026

📰 Key Global & Domestic News Impact Global markets remained in focus after former US President Donald Trump announced an immediate 25% tariff on countries trading with Iran. This move could impact trade flows involving major economies such as India, China, Russia, and Turkey, leading to higher import costs and volatility in global supply chains. Meanwhile, optimism is building around the India–US trade deal, as the newly appointed US Ambassador confirmed that a fresh round of trade discussions is scheduled to take place today. 📌 Market Holiday Alert: Indian stock exchanges (BSE & NSE) will remain closed on January 15 due to local elections in Maharashtra. 📈 Market Outlook for Today Indian equity markets are expected to open on a positive note, supported by: Renewed optimism on India–US trade negotiations Stronger-than-expected Q3 performance from IT sector majors Lower-than-anticipated retail inflation data for December Expectations of a growth-oriented Union Budget In the previous session, markets staged a sharp recovery from oversold levels. Value buying emerged strongly, helping key indices rebound sharply from intraday lows. Global cues remain supportive, with: US markets closing marginally higher Japan’s stock market surging nearly 3% to record highs Gift Nifty indicating a mildly positive start 🔍 Sector-wise Outlook 🔩 Metals Positive momentum expected as base metal prices on the LME continue to rise, with aluminum touching a four-year high. 🛡 Defence Likely to stay in focus amid expectations of higher defence allocations in the upcoming Union Budget due to rising geopolitical tensions. 💻 Information Technology Positive sentiment after strong Q3 earnings, margin expansion, and improved guidance from major IT companies. 🛢 Upstream Oil & Gas Uptrend expected as Brent crude prices move above $64 per barrel, supported by global supply concerns. 🌍 Global Market Snapshot Asian Markets: Strong, led by Japan on election-related optimism US Markets: Closed marginally higher despite concerns over central bank independence European Markets: Slightly weak amid geopolitical and macroeconomic uncertainty 🪙 Commodities Update Gold & Silver surged sharply amid global uncertainty and concerns over monetary policy independence Brent Crude rose to a two-month high on geopolitical developments 📊 Technical View Nifty 50 Formed a bullish candle with a long lower shadow, indicating strong buying at lower levels Resistance: 25,800 → 25,950 → 26,150 Support: 25,650 → 25,500 Bank Nifty Recovery seen from lower levels but momentum remains muted Resistance: 59,550 → 59,750 → 60,000 Support: 59,250 → 59,000 Options data suggests: Nifty range: 25,400 – 26,200 Bank Nifty range: 59,000 – 60,000 🏭 Corporate & Sector Highlights Strong developments across renewable energy, infrastructure, defence manufacturing, logistics, pharmaceuticals, auto, and real estate sectors Multiple companies reported order wins, capacity expansion plans, regulatory approvals, and strong quarterly performance Renewable and clean energy segments continue to attract policy and investment support 📌 Market Sentiment Summary Overall sentiment remains cautiously optimistic, supported by: Trade deal hopes Improving earnings outlook Supportive global cues Value buying after recent correction However, traders should remain alert to: Global geopolitical developments US inflation data Policy-related announcements ⚠️ Disclaimer This blog is published for educational and informational purposes only. We are not SEBI registered. The views expressed are personal opinions based on publicly available information and should not be considered as investment advice. Stock market investments are subject to market risks. Please consult a certified financial advisor before making any investment decisions.

Market Outlook & Global Cues – Today’s View

🌍 Global Market Snapshot Global markets are witnessing heightened volatility amid geopolitical tensions and uncertainty in the US. US index futures declined sharply after reports of a criminal investigation involving the Federal Reserve Chair, creating caution across global equities. Protests in Iran and rising geopolitical risks are also adding pressure. Asian markets opened on a positive note, supported by encouraging US jobs data. Australia, South Korea, and Hong Kong markets traded higher, while Japan remained closed for the day. European markets closed at record highs, led by strong manufacturing data and rising base metal prices. 🇮🇳 Indian Market Outlook Indian equity markets are expected to open flat to mildly positive, with mixed global cues and continued FII selling weighing on sentiment. Rising crude oil prices, uncertainty around the US–India trade deal, and upcoming inflation data are keeping investors cautious. However, strong domestic fundamentals such as record SIP inflows, encouraging quarterly business updates, and expectations from Q3 earnings season may provide support at lower levels. The recent market correction is increasingly being viewed as a buy-on-dips opportunity for long-term investors. 🧭 Key Factors to Watch Today Rising Brent crude prices near one-month highs Domestic inflation (CPI) data Q3 earnings from major IT companies FII & DII activity Global geopolitical developments 📌 Sector-wise Outlook 💻 IT Sector Momentum is expected ahead of quarterly results from large IT companies. Stock-specific action likely based on earnings performance and outlook commentary. 🛡 Defence Sector Positive bias continues as expectations build around higher defence allocations in the upcoming Union Budget amid geopolitical tensions. 🏗 Metal Sector Strong outlook due to rising global base metal prices. Aluminium is at multi-year highs, copper is near record levels, and precious metals (gold & silver) are trading close to all-time highs. 🏦 Banking & Financials Selective buying expected ahead of earnings from major private banks. Volatility may remain but stock-specific action likely. 🛢 Upstream Oil & Energy Positive sentiment supported by rising crude prices amid supply concerns from the Middle East. 📉 Technical View Nifty 50 Trend: Bearish (Lower High – Lower Low) Resistance: 25,800 – 25,950 Support: 25,500 → 25,400 Below 25,950, further weakness cannot be ruled out. Bank Nifty Trend remains weak below 59,500 Support: 59,000 → 58,570 Resistance: 59,500 → 59,750 📈 Derivatives & Market Positioning Put/Call Ratio has declined, indicating cautious sentiment Options data suggests a broader trading range with high volatility FIIs remain net sellers, while DIIs continue to support the market 🏢 Corporate & Sectoral Highlights (Theme-based) Retail & Consumption: Strong quarterly performance reported Hospitality & Tourism: Strategic investments and asset-light expansion plans NBFCs & Finance: Rating outlook improvements and regulatory clarity positive for long term Capital Markets: Sector in focus after regulatory commentary on upcoming IPO approvals Energy & Infrastructure: New orders, capacity expansion, and green energy investments continue 🏆 Overall Market View Volatility is likely to persist in the near term due to global uncertainties and technical weakness. However, strong domestic fundamentals, earnings season, and consistent retail participation through SIPs continue to support long-term market prospects. Traders should remain cautious, while long-term investors may look at quality sectors on corrections. ⚠️ Disclaimer This blog is for educational and informational purposes only. We are not SEBI registered advisors. The views expressed are based on publicly available market information and personal analysis. Investments in securities markets are subject to market risks. Please consult your financial advisor before making any investment decisions.

Market Outlook & Technical View – 9 January 2026

📉 Overall Market Sentiment Indian equity markets witnessed strong selling pressure in the previous session, extending the losing streak. Benchmark indices closed near day’s lows as global uncertainty, persistent FII selling, and volatility ahead of key US economic data weighed on sentiment. India VIX rose above the 10 mark, indicating elevated near-term volatility. Markets are expected to open flat to mildly positive, but overall bias remains range-bound to cautious, with high stock-specific action. 🔎 Index Technical Setup Nifty 50 Nifty formed a bearish candle and continues to make lower highs and lower lows over the last three sessions, indicating weakness. Key Levels: Support: 25,700 → 25,600 Resistance: 26,000 → 26,150 As long as Nifty remains below 25,950, downside pressure may persist. Sensex Sensex closed below its short-term moving averages and continues to form lower lows, reflecting sustained selling pressure. Key Levels: Support: 83,900 → 83,600 Resistance: 84,500 → 85,700 Bank Nifty Bank Nifty showed intraday recovery but failed to sustain higher levels, ending with a bearish structure. Key Levels: Support: 59,500 → 59,250 Resistance: 60,000 → 60,250 Trend remains weak below 59,750. 🧮 Derivatives & FII Data Snapshot Nifty Put-Call Ratio declined, indicating cautious to bearish sentiment Call writing seen at higher levels, suggesting resistance zones FIIs remained net sellers, while DIIs continued buying Short buildup observed in index futures and select sectors Overall derivatives data suggests a broader range of 25,400 – 26,400, with an immediate trading band of 25,700 – 26,100. 🏭 Sector-Wise Outlook ✅ Positive Bias Sectors Defence & Aerospace – Expectations of higher defence spending amid global tensions Capital Goods & Engineering – Policy developments may improve order inflows Public Sector Infrastructure & Railways – Strong order visibility Power & Energy – Long-term capacity expansion themes Banking (Select Private & PSU) – Stock-specific strength Pharmaceuticals (Selective) – Regulatory approvals supportive ⚠️ Weak / Cautious Sectors IT Services – Profit booking in global tech Oil & Gas Marketing – Crude volatility Consumer Discretionary – Valuation concerns Metals (Near term) – Volatility driven 🌍 Global Market Cues US Markets: Mixed; strength in old-economy stocks, pressure on tech Asian Markets: Mixed trend, investors cautious ahead of US payroll data European Markets: Marginally positive Gold: Stable amid strong dollar Crude Oil: Firm on geopolitical concerns and inventory decline 📌 Key Themes to Watch US Non-Farm Payrolls data Defence manufacturing & capital goods activity Volatility driven, stock-specific trading Continued monitoring of FII flows ⚠️ Important Disclaimer This content is strictly for educational and informational purposes only. We are NOT SEBI registered. This is not investment advice or a recommendation to buy or sell any securities. Stock market investments are subject to market risks. Please consult a SEBI-registered financial advisor before making any investment decisions.

📊 Market Outlook – 8 January 2026

Flat to Mildly Negative Start; Stock-Specific Action Likely Indian equity markets are expected to open flat to mildly negative, tracking weak global cues, even as domestic macro fundamentals remain supportive. Gift Nifty indicates a decline of around 0.2%, while global markets in the US, Europe, and Asia ended lower after mixed US economic data and signs of softness in employment numbers. Despite short-term volatility, India’s strong macro outlook continues to differentiate it from global peers. 🇮🇳 Key Macro Highlights India FY26 GDP growth projected at 7.4%, up from 6.5% in FY25 Growth driven by: Robust domestic consumption Supportive policy measures like GST rationalisation Favourable monsoon expectations Crude oil prices below $60 per barrel, easing inflation concerns These factors should provide downside support to the market. 🌍 Global Market Cues US Markets US indices declined from record highs Weak employment data offset better-than-expected Services PMI Dollar Index surged to a 1-month high above 98, pressuring commodities Market still pricing in at least two Fed rate cuts in 2026 European Markets Mixed performance: Germany strong on higher retail sales UK and France ended marginally lower Asian Markets Asian equities edged lower for the second consecutive session Profit booking seen after recent rallies 🛢️ Commodity Update Gold & Silver declined sharply due to stronger Dollar Index Base metals cooled off after recent record highs Brent crude slipped below $60/bbl amid global supply concerns 📌 Sector-Wise Outlook 💎 Gem & Jewelry Positive momentum expected after strong quarterly business updates across the sector. 💻 Information Technology Positive bias on expectations of healthy Q3 earnings and increased enterprise tech spending. 💊 Pharmaceuticals Positive outlook supported by regulatory approvals and stable demand outlook. 🏗️ Metals Positive sentiment after China signaled liquidity support through future rate and RRR cuts. 🏨 Hospitality Positive outlook driven by strong occupancy trends and rising strategic investor interest. ⚡ Power & Renewables Positive on commissioning updates, capacity additions, and long-term clean energy push. 🏦 Insurance & Financial Services Positive momentum continues on strong premium growth and improving penetration. 📈 Technical View Nifty 50 Formation: Doji candle; lower highs and lower lows in last two sessions Resistance: 26,150 → 26,250 → 26,350 Support: 26,050 → 25,950 Options data suggests a broader range of 25,700 – 26,600 Bank Nifty Support seen at lower levels with long lower shadow formation Resistance: 60,000 → 60,250 → 60,437 Support: 59,750 → 59,500 📊 Derivatives & Flow Data (Summary) Put/Call Ratio declined, indicating cautious sentiment FIIs: Net sellers in cash market Long unwinding in index futures DIIs: Continued net buying, providing stability 🧭 Market Strategy for the Day Expect range-bound trade with volatility Stock- and sector-specific opportunities likely Mid- and small-cap segments may continue to outperform selectively Traders should remain cautious near resistance levels ⚠️ Disclaimer This content is for educational and informational purposes only. We are not SEBI registered. This is not investment advice or a recommendation to buy or sell any security. Stock market investments are subject to market risks. Please consult your financial advisor before taking any investment decisions.

Market Outlook & Technical Setup – 7 January 2026

📉 Market Overview Indian equity markets are expected to open marginally lower amid weak global cues, continued FII selling pressure, and a slowdown in domestic services sector growth. However, strong quarterly business updates, robust auto sales, and record-high commodity prices may provide support at lower levels. Globally, US markets remain strong with major indices closing at record highs on optimism around AI-led growth and possible US Federal Reserve rate cuts. Asian markets are trading mixed. 🔎 Index Technical View Nifty 50 Nifty formed a small-bodied candle on the daily chart, indicating indecision after recent gains. The index has broken its short-term higher-highs pattern, suggesting consolidation. Key Levels: Resistance: 26,200 → 26,350 → 26,500 Support: 26,050 → 25,950 Options Data Insight: Maximum Call OI: 26,200 & 26,500 Maximum Put OI: 26,000 & 26,200 Immediate trading range: 26,000 – 26,400 Broader range: 25,800 – 26,600 Sensex Sensex showed muted momentum with mild profit booking. The broader structure remains intact, indicating a pause in trend rather than a reversal. Key Levels: Above 85,200: Upside towards 85,500 – 85,700 Below 85,200: Weakness towards 84,800 – 84,500 Bank Nifty Bank Nifty witnessed buying at lower levels but lacked follow-through at higher zones. Price action suggests range-bound movement. Key Levels: Support: 60,000 → 59,750 → 59,500 Resistance: 60,437 → 60,750 Options Range: 59,500 – 60,750 📈 Derivatives & Institutional Activity Put/Call Ratio declined to 0.92, indicating cautious sentiment FIIs were net buyers in cash market, while DIIs continued strong buying Index futures saw long buildup, while stock futures saw selective shorts FII Index Long–Short Ratio increased to 12.73% 🏭 Sector-wise Outlook 🔹 Positive Bias Sectors PSU Banks – Strong Q3 business updates and improving asset quality Metals & Mining – Copper, silver, nickel at record highs due to supply concerns Auto & Auto Ancillaries – Strong monthly sales and EV launches Pharma & Healthcare – New product launches and steady export demand Consumer & FMCG – Gradual consumption recovery and stable margins Infrastructure & Capital Goods – New orders and government spending visibility Jewellery & Retail – Strong festive demand and impressive quarterly updates 🔸 Cautious / Weak Sectors IT Services – Valuation concerns and muted near-term growth Power Exchanges – Regulatory uncertainty Selective Mid & Small Caps – Profit booking after sharp rallies 🌍 Global & Commodity Update US Markets: Record highs driven by AI optimism and rate-cut expectations Europe: Strength led by healthcare and metal stocks Gold: Firm on safe-haven demand Silver: Surged to all-time highs Copper & Nickel: Up sharply on supply concerns Crude Oil: Soft amid geopolitical developments 🧭 Market Strategy While near-term volatility may persist, India remains a structurally strong market with attractive valuations. Any correction should be viewed as a buying opportunity, especially in banks, metals, infrastructure, auto, and consumption-linked sectors. ⚠️ Disclaimer This content is for educational and informational purposes only. We are NOT SEBI registered. The views expressed are personal interpretations of publicly available market data and technical indicators. Investments in the securities market are subject to market risks. Readers are advised to consult a SEBI-registered financial advisor before making any investment decisions.

📈 Market Outlook: Positive Bias with Sector-Specific Opportunities

Date: 6 January 2026 🔍 Market Overview Indian equity markets are expected to open on a positive note, supported by strong quarterly business updates, upbeat global cues, and encouraging domestic macroeconomic data. Gift Nifty is trading higher by around 0.3%, indicating a firm start. In the previous session, markets witnessed profit booking near record highs, but the broader trend remains bullish. Any intraday or short-term correction is likely to be viewed as a buy-on-dips opportunity. 🌍 Global Market Cues US Markets: Closed over 1% higher, led by energy and defence sectors amid geopolitical developments. European Markets: Traded higher with gains in defence and mining stocks. Asian Markets: Opened mixed but supported by strength in metal and technology stocks. Commodities: Copper surged to a record high above $13,000/ton due to global supply concerns. Gold rose sharply on geopolitical uncertainty. Brent Crude traded higher near $61/bbl. 🏭 Sector-Wise Outlook 🔩 Metals Sector – Strong Positive Record-high copper prices are expected to benefit metal and mining companies, driven by supply constraints and global demand optimism. 🛒 FMCG Sector – Positive Strong quarterly updates and robust demand trends support a positive outlook for consumer goods companies, especially in food, personal care, and health-focused categories. 🏗️ Infrastructure & Defence – Positive Higher government spending expectations on defence and rail infrastructure, amid rising geopolitical tensions, bode well for related sectors. 🏠 Real Estate – Positive Strong sales momentum and demand revival point towards continued strength in the realty sector. 🏦 Financials (PSU Banks & NBFCs) – Positive Healthy loan growth, rising deposits, improving asset quality, and strong Q3 business updates support a bullish stance on banks and NBFCs, particularly PSU banks and small finance banks. 💍 Gems & Jewellery – Positive Strong festive and wedding season demand has led to robust revenue growth across the gems and jewellery sector. 🔋 Power, Renewables & Energy – Positive Order wins, expansion into battery energy storage systems (BESS), and renewable capacity additions support a positive outlook. 📊 Index Technical Outlook Nifty 50 Trend: Positive with higher highs and higher lows intact Resistance: 26,400 – 26,500 Support: 26,150 – 26,050 Bank Nifty Trend: Buy on dips Resistance: 60,437 – 60,750 Support: 59,750 – 59,500 🧠 Market Strategy Expect sector- and stock-specific action rather than a broad-based rally. Focus on financials, metals, FMCG, real estate, defence, and energy-related sectors. Volatility may persist due to global events, but the medium-term sentiment remains bullish, supported by earnings momentum and Union Budget expectations. ⚠️ Disclaimer This blog is for educational and informational purposes only. We are not SEBI registered investment advisors or research analysts. The views expressed are based on publicly available information and market observations. Investments in securities markets are subject to market risks. Please consult your financial advisor before making any investment decisions. Past performance is not indicative of future results.

05/01/2026 Indian Stock Market Outlook – Pre-Market & Derivatives View

Market Overview Indian equity markets continue to trade at record-high levels, supported by strong global cues, healthy domestic fundamentals, robust FII/DII participation, and encouraging quarterly business updates. Broader market sentiment remains firmly bullish, with buying interest visible across sectors. 🔎 Nifty 50 – Technical View The Nifty index witnessed a strong upward momentum, opening positive and rallying sharply to register a fresh all-time high near 26,340. Sustained buying across sectors helped the index close near its day’s high, forming a bullish candle on the daily chart. The index is consistently making higher highs and higher lows, indicating continuation of the uptrend. Key Levels: Support: 26,200 | 26,100 Resistance / Targets: 26,500 | 26,600 As long as Nifty holds above 26,250, the bullish momentum is likely to continue. 📈 Derivatives & Option Data – Nifty Put/Call Ratio increased, indicating improving bullish sentiment Maximum Call Open Interest at 26,300 & 26,500 Maximum Put Open Interest at 26,200 & 26,300 Call writing visible at higher strikes, while Put writing at support levels Expected Trading Range: Broad Range: 25,800 – 26,700 Immediate Range: 26,100 – 26,500 🔎 Sensex – Technical View The Sensex opened strong and maintained positive momentum throughout the session. Continuous buying on intraday dips reflects sustained bullish sentiment. The index closed near its highs, forming a bullish candle on daily and weekly charts. Key Levels: Support: 85,400 | 85,200 Resistance / Targets: 86,000 | 86,200 🏦 Bank Nifty – Technical View Bank Nifty extended its rally to hit a new lifetime high above 60,200, supported by consistent buying interest in banking stocks. The index formed a strong bullish candle on both daily and weekly charts. Key Levels: Support: 60,000 | 59,750 Resistance / Targets: 60,500 | 60,750 Holding above 60,000 keeps the trend positive. 📊 Bank Nifty – Derivatives Data Maximum Put OI near 59,500 – 60,000 Maximum Call OI near 60,000 Put writing at support zones suggests strength Expected trading range: 59,750 – 60,750 🌍 Global & Macro Cues Asian markets trading strong, led by technology stocks US markets closed positive, supported by semiconductor stocks European markets at record highs Precious metals surged amid rising geopolitical tensions Crude oil prices remain volatile but stable 🏭 Sector-wise Outlook 🚗 Auto & Auto Ancillaries Positive momentum expected after strong monthly sales data and improving demand trends. 🏦 PSU Banks Strong quarterly business updates indicate healthy credit growth and improving asset quality. ⚡ Power & Energy Positive sentiment due to capacity expansion, renewable focus, and policy support. 🧪 Fertilizers Expect positive outlook amid expectations of higher subsidy allocation in the upcoming budget. 🚆 Railways & 🛡️ Defence Likely beneficiaries of increased government spending due to infrastructure push and geopolitical developments. 💎 Metals & Mining Strength supported by rising global commodity prices and improved demand outlook. 💰 Institutional Activity FIIs and DIIs remained net buyers in the cash market Short covering seen in index futures Call buying and Put selling observed in index options Improvement in FII long-short ratio indicates bullish bias 📌 Market Summary The broader market remains supported by: Strong quarterly business updates Rising industrial production data Positive global market sentiment Expectations of a growth-oriented Union Budget Renewed foreign investor interest Any short-term correction is likely to be seen as a buying opportunity. ⚠️ Disclaimer This blog is for educational and informational purposes only. We are not SEBI registered. The views expressed are based on publicly available data, technical analysis, and market observations. Stock market investments are subject to market risks. Readers are advised to consult a certified financial advisor before making any investment decisions.

📈 Market Outlook & Sectoral View – 2 January 2026

🔍 Market Focus Indian equity markets are expected to open on a positive note, supported by strong domestic cues and improving sentiment. Gift Nifty is trading higher by around 0.2%, indicating a firm start. Key positive triggers include: Robust December auto sales data Healthy GST collections despite recent rate cuts Strong quarterly business updates from PSU banks 25-month high IIP data for November Optimism around a supportive Union Budget Global markets were largely shut due to the New Year holiday, but US index futures and select Asian markets are trading in the green ahead of the US Manufacturing PMI data. Technically, Nifty holding above the 26,100 zone indicates a continuation of the bullish trend. Any intraday dips are likely to offer buying opportunities. 📊 Index Technical View 🔹 Nifty Outlook Trend remains positive Support: 26,050 – 25,950 Resistance: 26,250 – 26,325 Structure: Higher highs and higher lows on the daily chart 🔹 Bank Nifty Outlook Consolidation with bullish bias Support: 59,500 – 59,250 Resistance: 60,000 – 60,114 Holding well above 20-DEMA, indicating strength 🏭 Sector-wise Outlook 🚗 Auto Sector – Positive Strong December sales growth across: Two-wheelers Passenger vehicles Commercial vehicles Tractors Improving demand, festive momentum, and rural recovery continue to support the sector. 🏦 PSU Banking Sector – Positive Strong growth in: Deposits Advances Overall business volumes PSU banks with improving asset quality and stable CASA ratios are expected to remain in focus. 🥈 Silver & Metal-linked Stocks – Positive Silver prices at record highs Strong outlook for mining and metal producers Beneficiaries of global commodity uptrend 🚬 Cigarette & Tobacco Sector – Negative / Volatile Government approved a sharp excise duty hike (22–28%) Pressure likely on margins and volumes Expect near-term volatility in this space 🍔 QSR & Consumption Stocks – Stock-specific High order volumes during the festive season Margin outlook remains mixed due to cost pressures Selective opportunities only ⚡ Power, Infrastructure & Railways – Positive New project wins Capacity expansion Renewable and EV-related developments supporting long-term outlook 🧪 Pharma & Healthcare – Positive New product approvals Acquisitions and capacity expansions Export-driven growth remains supportive ⚙️ Capital Goods & Manufacturing – Positive Higher IIP data Government capex push Order inflows improving visibility 🌍 Global Cues Snapshot Asian Markets: Marginally positive; Japan & China closed US Futures: Positive ahead of Manufacturing PMI Gold: Up ~0.5% amid geopolitical tensions Brent Crude: Flat near $61/bbl ahead of OPEC+ meeting 🧾 Key Events to Watch US Manufacturing PMI India Forex Reserves data 📝 Final View The broader market structure remains constructive, with domestic fundamentals providing strong support. Sector rotation is clearly visible, favoring autos, PSU banks, metals, infrastructure, and manufacturing, while FMCG and cigarette-related stocks may remain under pressure in the near term. Traders should focus on buy-on-dips strategies, while investors may look at sectoral themes rather than individual stock chasing. ⚠️ Disclaimer This blog is for educational and informational purposes only. We are not SEBI registered. This is not investment advice or a recommendation to buy or sell any securities. Stock market investments are subject to market risks. Please consult a SEBI-registered financial advisor before making any investment decisions.

Pre-Market Derivatives and Technical Set-up

🔎 Nifty Nifty index opened gap up and moved higher throughout the session, extending gains towards the 26200 zone. Some volatility was seen towards the close, but the index managed to end with gains of around 190 points. A bullish candle was formed on the daily chart, wiping off losses of the previous three sessions. 📊 Outlook: Sustaining above 26100 can lead to an upside towards 26250 – 26325 levels. Immediate supports are placed at 26050 and 25950. 🧮 Derivatives View: Maximum Call OI: 26200, 26400 Maximum Put OI: 26000, 26100 Call writing: 26400, 26200 Put writing: 26000, 26100 Options data suggests a broader range of 25700 – 26500, with an immediate range of 26000 – 26300. 🔎 S&P BSE Sensex Sensex opened positive and remained in the green throughout the session. Strong buying was witnessed on every minor dip. A bullish candle formed after a doji in the previous session, indicating improving momentum. 📊 Outlook: Holding above 85000 may trigger an upside towards 85500 – 85800. Supports are placed at 85000 and 84800. 🔎 Bank Nifty Bank Nifty opened positive and gradually moved higher towards the 59750 zone. Later, it consolidated in a narrow range with a positive bias. A bullish candle was formed on the daily chart. 📊 Outlook: Holding above 59500 can lead to an upside towards 60000 – 60100. Supports are seen at 59500 and 59250. Sectoral View 🚀 Positive Setup Sectors Metal PSU Banking Private Banking Auto Capital Market NBFC Oil & Gas Infrastructure Housing Finance Consumer Durables 🐻 Weak / Underperforming Sectors IT Pharmaceuticals Select Financial Services Market Outlook Today Markets are expected to open on a flat to mildly positive note as most global markets remain closed due to the New Year holiday. Trading may stay range-bound, though sector- and stock-specific action could continue. Domestic sentiment remains constructive supported by expectations of easing inflation, healthy GDP growth outlook, supportive budget expectations, and reasonable valuations. Sector-wise Focus Auto Sector: Momentum expected ahead of monthly sales data CNG & Gas Sector: Positive impact from implementation of “One Nation One CNG Tariff” Metal Sector: Positive on higher global metal prices, better China PMI, and safeguard duty on steel imports Real Estate (Mumbai-based): Positive after 14-year high property registrations Infrastructure: Positive after cabinet approval for major highway projects Fertilizer Sector: Positive on higher projected subsidy outlay Global Cues US Markets: Closed lower amid higher yields European Markets: Ended the year near record highs Gold & Silver: Corrected slightly but remain strong long-term Crude Oil: Soft due to demand concerns ⚠️ Disclaimer This report is for educational and informational purposes only. We are not SEBI registered investment advisors. Views expressed are based on publicly available information and technical analysis. No investment recommendation or financial advice is intended. Markets are subject to risk; please consult a registered financial advisor before making any investment decisions.

Market Outlook Blog | 31 December

🌍 Global Market Snapshot वैश्विक बाजारों में मिला-जुला रुख देखने को मिला। US Markets: फेड मीटिंग मिनट्स से संकेत मिला कि आगे चलकर ब्याज दरों में कटौती संभव है, हालांकि टाइमिंग को लेकर मतभेद बने हुए हैं। Europe: मेटल और माइनिंग सेक्टर में तेजी के चलते यूरोपीय बाजारों में मजबूती। Commodities: Silver में तेज़ उछाल Gold में सीमित रिकवरी Crude Oil स्थिर दायरे में ट्रेड 🇮🇳 Indian Market View भारतीय बाजारों में सीमित दायरे में कारोबार रहने की संभावना है, क्योंकि न्यू ईयर हॉलिडे के चलते ग्लोबल संकेत सीमित रहेंगे। FII: बिकवाली जारी DII: मजबूत खरीदारी सपोर्ट Derivatives Data: रोलओवर मजबूत, जिससे बाजार को सपोर्ट 📈 Index Technical Outlook Nifty ट्रेंड: Short term में कमजोरी, लेकिन सपोर्ट पर खरीदारी Resistance Zone: 26000 – 26250 Support Zone: 25850 – 25700 Bank Nifty Relative Outperformance दिख रही है Resistance Zone: 59500 – 59750 Support Zone: 58750 – 58500 🔍 Sector-wise Focus & Impact 🏦 Banking Sector – Positive NPAs दशक के निचले स्तर पर PSU और Private Banks में धीरे-धीरे accumulation संभव 🚗 Auto Sector – Positive Monthly sales data से पहले momentum Demand recovery की उम्मीद 🔩 Metal & Mining Sector – Strong Positive LME पर base metals में मजबूती Steel imports पर safeguard duty China PMI में सुधार ➡️ Metal stocks में momentum जारी रहने की संभावना 🔌 Cable & Wire Sector – Positive सरकार ने select copper imports को quality norms से 1 साल की छूट दी Raw material availability बेहतर होगी 🚆 Infra, Rail & Capital Goods – Positive Budget expectations Government spending theme intact 🌱 Renewable & Power Sector – Positive Solar, battery storage और green energy projects में activity 🧭 Market Strategy Short term में market range-bound रह सकता है Volatility में quality sectors में staggered buying बेहतर रणनीति Focus: Banking, Metals, Infra, Auto, Power ⚠️ Disclaimer This content is for educational and informational purposes only. It should not be construed as investment advice or a recommendation to buy or sell any securities. The author is not a SEBI registered investment advisor. Market investments are subject to risk. Please consult a qualified financial advisor before making any investment decisions.

Pre-Market Derivatives and Technical Set-up

Nifty index opened slightly negative and remained under pressure throughout the session. It found support near the 26000 zone and traded in a subdued manner in the second half. On the daily chart, it formed a bearish candle and broke the higher high–higher low structure of the last four sessions. On the weekly timeframe, a doji-like candle with a long upper shadow indicates profit booking at higher levels. 📊 The index needs to hold above 26000 to regain strength towards 26250 and 26325 levels. Immediate support is placed at 25900 followed by 25800. 🧮 From the derivatives perspective, maximum Call OI is seen at 26100 and 26200 strikes, while maximum Put OI is at 26000 and 25800 strikes. Call writing is visible at 26100–26200, whereas Put writing is observed near 26060 and 25950. Option data indicates a broader trading range of 25600–26400, with an immediate range of 25800–26200. 🔎 S&P BSE Sensex Sensex opened flat and traded with low momentum throughout the session, reflecting a lack of strong buying interest. Gradual profit booking has been witnessed over the last few sessions. On the daily chart, the index formed a bearish candle with lower low formation. Weekly charts also indicate selling pressure near higher levels, suggesting a pause in the uptrend, though buying at lower levels is cushioning the downside. 📊 As long as the index remains below 85200, weakness may extend towards 84700 and 84500. Resistance levels are placed at 85200 and 85500. 🔎 Bank Nifty Bank Nifty opened marginally lower and drifted towards the 58950 zone. It formed a small bearish candle on the daily chart, indicating hesitation at higher levels. On the weekly chart, an inside bar pattern suggests consolidation with strong support intact at lower levels. 📊 A decisive move above 59000 could lead to an upside towards 59250 and 59500. On the downside, support is placed at 58750 and 58500. Sector-wise Outlook 🚀 Positive Bias Metals: NMDC, Hindustan Zinc, Hindalco, National Aluminium Consumer & Lifestyle: Titan, Marico Railways & PSU: IRFC, IRCTC, RVNL, Titagarh Financial & Exchange: MCX 🐻 Weak / Cautious Zones IT & Tech: Coforge, Kaynes Tech, HFCL Consumer Durables & Paints: Dixon, Asian Paints Auto & Ancillaries: Hero MotoCorp, TMPV Financial Services: Bajaj Finance, HDFC Life Logistics & Others: Delhivery ⚠️ Disclaimer This content is for educational and informational purposes only. It should not be construed as investment advice or a recommendation to buy or sell any securities. The author is not a SEBI registered investment advisor. Market investments are subject to risk. Please consult a qualified financial advisor before making any investment decisions.

Derivatives update for Friday, 26th Dec 2025. Nifty Put/Call Ratio decreased from 1.14 to 0.98.

Good morning. Maximum Call OI is at 26200, followed by 26300 Maximum Put OI is at 26000, followed by 26200 Call writing seen at 26200 & 26300 Put writing seen at 26150 & 26100 Option data indicates a broader trading range between 25700 to 26500, with an immediate range of 26000 to 26300. Bank Nifty (CMP: 59183) Monthly Maximum Put OI at 59000 & 59500 Monthly Maximum Call OI at 59000 & 59500 Call writing observed near 59200 Put writing seen at 59000 Bank Nifty trading range is expected between 58750 to 59750. FIIs & DIIs Activity Index futures witnessed short covering Call selling & Put buying observed in index options Long build-up seen in stock futures In the cash market: FIIs were net sellers of approx ₹1993 crore DIIs were net buyers of approx ₹2532 crore FII Index Long–Short ratio is around 12%. Index Outlook Nifty Needs to cross and sustain above 26150 for upside targets of 26250 & 26325 Supports seen at 26050 & 25950 Bank Nifty Holding above 59000 may lead to upside towards 59500 & 59750 Supports placed at 59000 & 58750 Sectoral View (Short-term) Banking & Financials: Range-bound with selective buying on dips Metals: Strength likely to continue Infra & Capital Goods: Positive bias IT: Mild recovery, selective opportunities FMCG & Pharma: Defensive support zones intact Disclaimer: This report is for educational and informational purposes only. We are not SEBI registered. Views expressed are based on publicly available data and market observations. No recommendation to buy or sell any securities. Trading in the securities market involves risk. Please consult your financial advisor before taking any investment or trading decision.

Market Outlook Blog – 24 December 2025

Global Cues, Sectoral Opportunities & Trading View Global Market Overview Global markets witnessed strong momentum as the US markets closed at record highs after better-than-expected Q3 GDP growth of 4.3%, the fastest pace in two years. This data boosted risk sentiment across global equities. Due to the Christmas holiday, most global markets were either closed or partially operational. The US and UK markets operated on a half-day basis, while Asian markets opened on a positive note following Wall Street’s rally. Key Global Highlights: S&P 500 and Nasdaq closed at record highs Asian markets opened higher European indices also touched fresh highs Gift Nifty trading around 0.1% higher, indicating a mildly positive opening for Indian markets Commodity Update Gold surged to a fresh record above $4,500/oz, supported by geopolitical tensions and expectations of US rate cuts Silver prices hit record highs, boosting sentiment for precious metal stocks Copper prices are trading near all-time highs, signaling strong industrial demand Brent crude moved above $62/bbl, balancing geopolitical risks and inventory build-up Domestic Market Outlook Indian equities are expected to open on a positive note, supported by global cues. However, trading activity may remain range-bound due to low institutional participation during the holiday season. From a medium- to long-term perspective, current market levels offer attractive entry opportunities supported by: Domestic GDP growth above 7% Inflation easing below 3% Stable crude prices Strong auto sales Supportive government and RBI policies RBI & Liquidity Boost The RBI announced liquidity infusion through: ₹2 lakh crore via Open Market Operations (OMO) USD-INR swap worth approximately $32 billion This is expected to be positive for banking and financial stocks, improving system liquidity. Sector-wise Market Focus 🚗 Auto Sector Positive sentiment after price hike announcements in the passenger vehicle segment Rising demand and festive season spillover support outlook Sector View: Positive 🏦 Banking & Financials RBI liquidity infusion via OMO and USD-INR swap Easing interest rates on select retail loans by PSU banks Sector View: Positive 🏗️ Cement Sector Cement production grew 14.5% in November 2025, the fastest among core sectors Strong infrastructure and housing demand Sector View: Positive 🚆 Railways & Infrastructure Passenger fare hikes and new EPC orders Strong order inflows and execution visibility Sector View: Positive ⛏️ Metals & Mining Strength in global metal prices Record highs in silver and strong copper prices Positive outlook for base and precious metal producers Sector View: Positive 🍬 Sugar Sector Sugar prices moved to a 1-month high Tight supply expectations supporting prices Sector View: Positive 💊 Pharmaceuticals & Healthcare US FDA approvals and clean inspection reports Strategic licensing and global expansion deals Sector View: Positive 🔋 Renewable Energy & Power Strong EPC orders in solar, wind, and energy infrastructure Government focus on clean energy transition Sector View: Positive Technical View Nifty 50 Trend remains positive with higher highs and higher lows Holding above 26,150 is crucial for upside toward 26,250 – 26,325 Support seen at 26,050 and 25,950 Bank Nifty Consolidation phase continues Holding above 59,250 may lead to upside toward 59,500 – 59,750 Support at 59,000 – 58,750 Market Activity Snapshot (Previous Session) Nifty closed flat near 26,177 Mid and small caps outperformed FIIs: Net sellers DIIs: Net buyers Key gainers: Railways, Metals, Cement Key Corporate Developments (Sector-wise Summary) Aviation & Retail: Expansion into overseas manufacturing and joint ventures Pharma: Global rights acquisitions, FDA approvals, biosimilar launches Infrastructure: Large EPC orders in roads, rail, solar, and power Energy: Renewable capacity additions and greenfield projects Banking: Capital raising, rate cuts, and stake sale progress Overall corporate activity remains growth-oriented and supportive for equities. Events to Watch Today Cabinet meeting at 11:00 AM RBI to announce details of bond purchases via OMO Sensex weekly expiry Conclusion Despite the holiday-shortened week, the broader market structure remains positive. Liquidity support from the RBI, strong global cues, robust domestic growth indicators, and improving sectoral fundamentals continue to support the buy-on-dips strategy, especially for long-term investors targeting 2026. ⚠️ Disclaimer This blog is prepared solely for educational and informational purposes. We are not SEBI registered investment advisors or research analysts. The views expressed are personal opinions based on publicly available information and market observations. Investments in securities markets are subject to market risks. Readers are advised to consult their financial advisor before making any investment decisions

Pre-Market Derivatives and Technical Set-up 23-DEC-2025

Market sentiment remains constructive as benchmark indices witnessed strong bullish momentum in the previous session, supported by favorable technical structure and derivatives positioning. Index Overview Broad Market Index The index opened with a strong gap-up of nearly 90 points and continued its upward momentum throughout the session, touching higher zones near 26,180. It successfully recovered losses of the previous two weeks and closed near the day’s high with gains of over 200 points. The daily chart reflects a bullish candle formation, with the index forming higher highs and higher lows over the last two sessions, indicating strengthening trend structure. For further upside, the index needs to sustain above the 26,150 zone. If this level holds, the next upside targets are placed around 26,250 followed by 26,325. On the downside, immediate supports are seen at 26,050 and 25,950. From a derivatives perspective, maximum Call open interest is positioned near 26,200 followed by 26,150, while maximum Put open interest is seen at 26,100 and 26,000. Call writing activity is visible at higher strikes, whereas put writing at lower strikes indicates downside protection. Option data suggests a broader range between 25,800 and 26,500, with an immediate trading range of 26,000 to 26,300. Large-Cap Index The large-cap index opened with a gap-up near 85,150 and maintained bullish momentum throughout the session. It crossed key resistance levels comfortably and extended gains towards higher zones near 86,600. The index is trading above all short-term moving averages, reinforcing the strength of the ongoing uptrend. The daily chart shows a bullish Marubozu candle along with consistent higher highs, suggesting continued momentum in the near term. The index must hold above 85,400 to extend the move towards 85,900 and eventually retest its previous lifetime high zone. Supports are placed at 85,300 followed by 85,000. Banking Index The banking index started on a positive note near 59,200 and moved higher during the initial hours before entering a phase of consolidation. It traded within a narrow range during the latter half of the session, indicating healthy consolidation after recent gains. The index formed a small bullish candle on the daily chart and closed above its short-term exponential moving average, highlighting buying interest at lower levels. Holding above 59,250 could lead to an upside move towards 59,500 and 59,750, while immediate supports are seen at 59,000 and 58,750. Sectoral Outlook Sectors Showing Relative Strength - Capital Markets and Exchanges Metals and Mining Information Technology Pharmaceuticals and Healthcare Automobile and Auto Ancillaries Energy and Resources Financial Services (select segments) Sectors Showing Relative Weakness - NBFC and Microfinance Private Banking (select names) Consumer Durables Power and Energy Trading Electronics Manufacturing Select Healthcare and Renewable Energy segments Conclusion The overall market structure remains positive with strong participation across key indices. While volatility may persist, higher support levels and favorable derivative positioning indicate that dips could attract buying interest. Traders are advised to remain disciplined, respect support-resistance levels, and manage risk appropriately. Disclaimer This content is for educational and informational purposes only. We are not SEBI registered investment advisors. The views expressed are personal opinions based on technical and derivative analysis. Trading and investing in securities markets involve risk. Please consult a SEBI registered advisor before making any investment or trading decisions. The author shall not be responsible for any financial losses arising from the use of this information

Tuesday Weekly Expiry Outlook – Sector Index View (23rd December)

Weekly expiry sessions often bring heightened volatility, and today’s setup reflects a cautiously positive to range-bound environment for the sector index. Sector Index Overview The sector index is currently trading 32 points above the weekly VWAP of 26,140, which indicates a bullish undertone with limited upside for the expiry-day perspective. Holding above VWAP generally reflects strength and buyer dominance at lower levels. Trend Outlook The overall bias remains positive to sideways. The index continues to sustain above its short-term moving averages and has formed higher highs over the last three trading sessions, highlighting steady buying interest. Expiry Day Levels to Watch Resistance Zone 26,250 26,325 Support Zone 26,050 25,950 As long as the index holds above 26,100, it may gradually move higher towards the previous lifetime high zone. Expected Trading Range For today’s expiry, the index is expected to oscillate between 25,950 and 26,325 Derivatives Positioning Maximum Call Open Interest: 26,200 Maximum Put Open Interest: 26,100 Open Interest Build-up Call writing observed around 26,150 Put writing seen near 26,100 Derivative data suggests positive cues, as call unwinding is visible alongside fresh put writing, indicating confidence among market participants on the downside being protected. Expiry Day Trading Strategies Bull Call Spread Buy 26,150 Call Option Sell 26,250 Call Option This strategy benefits from limited upside movement while controlling risk. Option Writing Setup Sell 26,000 Put Option Sell 26,300 Call Option This range-bound strategy works best if the index stays within the expected expiry range. Conclusion The sector index maintains a constructive structure above key support levels. While strong trending moves may be limited, intraday opportunities can emerge within the defined range. Traders should stay disciplined with levels and manage risk effectively on expiry day. Disclaimer This analysis is strictly for educational and informational purposes only. We are not SEBI registered investment advisors. The views expressed are personal opinions based on technical and derivative data. Trading in the stock and derivatives market involves risk. Please consult a registered financial advisor before making any trading or investment decisions. The author shall not be responsible for any financial losses arising from the use of this information.

Derivatives update 19/12/2025 FRIDAY

Nifty Derivatives Overview The Nifty Put/Call Ratio (PCR) has increased from 0.77 to 0.83, indicating a marginal improvement in sentiment, though caution remains. On the options front: Maximum Call OI is placed at 26000, followed by 25900 Maximum Put OI is at 25800, followed by 25700 Call writing is observed at 25800 and 25900 strikes Put writing is seen at 25700 and 25800 strikes Options data suggests a broader trading range between 25300 and 26200, with an immediate range of 25600 to 26000. Bank Nifty Derivatives Overview (CMP: 58912) For monthly Bank Nifty contracts: Maximum Put OI is at 59500, followed by 59000 Maximum Call OI is at 59500, followed by 60000 Call writing is seen at 59500 Put writing is also witnessed at 59500 Derivatives data indicates a trading range of 58500 to 59500 for Bank Nifty. FII & DII Activity FIIs have shown short build-up in index futures, call buying and put selling in index options, and long build-up in stock futures In the cash market, FIIs were net buyers worth ₹614 crore, while DIIs were net buyers worth ₹2526 crore The FII Index Long–Short ratio is hovering near 8% Technical & Derivatives Outlook Nifty Outlook: As long as Nifty holds below 25900, weakness may be seen towards 25700, followed by 25600 On the upside, resistance is placed at 25900 and 26000 Bank Nifty Outlook: If Bank Nifty stays below 59000, downside levels to watch are 58750 and 58500 On the upside, resistance is seen at 59250 and 59500 Disclaimer This blog is for educational and informational purposes only and should not be considered as investment advice or a recommendation to buy or sell any securities. We are not SEBI registered. Market views are based on publicly available data and technical interpretation, which are subject to change without notice. Investments in securities markets are subject to market risks. Readers are advised to consult their financial advisor before making any investment decisions. Have a great trading day.

Derivatives Market Update – Thursday, 18 December 2025

Nifty Derivatives Overview The Put/Call Ratio (PCR – OI) for Nifty has declined from 0.90 to 0.77, indicating increasing cautiousness and mild bearish bias in the near term. Options Data Maximum Call OI: 26,000 → 25,900 Maximum Put OI: 25,800 → 25,500 Option Writing Activity Call writing: 25,900 followed by 26,000 Put writing: 25,800 followed by 25,750 Broader range: 25,300 – 26,200 Immediate range: 25,600 – 26,000 Bank Nifty Derivatives Overview (CMP: 58,926) Monthly Options Data Maximum Put OI: 59,500 → 59,000 Maximum Call OI: 59,500 → 60,000 Both Call and Put writing are witnessed at the 59,500 strike, suggesting strong resistance and support concentration at this level. Expected trading range: 58,500 – 59,500 FII & DII Activity Derivatives Segment FIIs built short positions in index futures Call and put selling seen in index options Short buildup observed in stock futures Cash Market FIIs: Net buyers worth ₹1,449 crore DIIs: Net buyers worth ₹587 crore 📉 FII Index Long–Short Ratio: Declined to 8.16%, reflecting increased short exposure. Technical View & Key Levels Nifty Outlook Below 25,900, weakness may extend towards 25,700 → 25,600 Upside resistance seen at 25,950 → 26,050 Bank Nifty Outlook Below 59,000, downside possible towards 58,750 → 58,500 Resistance levels: 59,250 → 59,500 Conclusion Derivatives data combined with price action suggests a range-bound to mildly weak bias for both Nifty and Bank Nifty unless key resistance levels are decisively crossed. Disclaimer: Investments in securities markets are subject to market risks. Read all related documents carefully before investing.

Positive Start Expected for Markets as Global & Domestic Cues Improve

Market Outlook: Positive Start Anticipated as Momentum Strengthens The market is expected to open on a positive note today, supported by the strong recovery witnessed last week. The Nifty index has formed a solid bullish candle on the weekly chart and continues to close above all major moving averages — a sign of sustained strength in the broader trend. Adding to the optimism, global rating agency Moody’s Ratings has revised India’s CY27 GDP growth forecast upward to 6.5%, citing robust domestic consumption and stable demand conditions. Alongside improving technical indicators, favourable domestic cues and positive developments surrounding the US-India trade deal are expected to keep market sentiment upbeat. Last Friday, the Nifty traded under pressure for most of the session due to weak global cues. However, a sharp rebound in the final hour helped the index recover losses and close in the green. This recovery highlights the underlying resilience in the market. Globally, investors will focus on key US economic data releases this week — the first set of numbers following the reopening of the US government. These releases may guide near-term market direction. Actionable Ideas Buy (Personal opinion only): – Banking stock – Engineering sector stock – Exchange-related stock – Pharma/biotech stock Delivery Idea Buy (Personal opinion): – Defence sector stock Global Market Overview DOW: -309.75 GIFT NIFTY: +55 NIFTY 50: 25,910.05 SENSEX: 84,562.78 Institutional Activity FII: -₹4,968.22 crore DII: +₹8,461.47 crore Market Breadth (BSE) Advances: 1900 Declines: 2270 Currency Check USD/INR: ₹88.69 Dollar Index: 99.38 Commodity Update Gold: $4,089.85 per ounce Crude Oil: $63.80 per barrel Bond Yields US 10-Year: 4.14% India 10-Year: 6.52% Derivative Indicators PCR: 0.80 VIX: 11.94 Market Updates Several major pharma facilities recently underwent USFDA inspections. Some reported zero observations, while one unit received a Form 483 with noted observations. A leading real estate developer has signed an MoU with the Andhra Pradesh Economic Development Board (APEDB) to establish data center facilities and an IT park with a total investment of ₹4,500 crore across two phases. Securities in Ban One major steel stock is currently under the F&O ban list. Derivative View On the options front, maximum Call OI is concentrated at 26000 and 26500, while maximum Put OI stands at 25800 and 25700 levels. This suggests: Broad trading range: 25,500 – 26,400 Immediate range: 25,700 – 26,200 Disclaimer (Mandatory) I am not a SEBI-registered advisor. All buy and sell views mentioned above are purely my personal opinion. Please consult your financial advisor before making any investment decisions.

Nifty Put/Call Ratio (OI) decreased from 1.05 to 0.91.

Derivatives update Good morning! Greetings from Motilal Oswal. Derivatives update for Wednesday, 15th Oct 2025. Nifty Put/Call Ratio (OI) decreased from 1.05 to 0.91. On option front, Maximum Call OI is at 25200 then 25500 strike while Maximum Put OI is at 25200 then 25000 strike. Call writing is seen at 25200 then 25300 strike while Put writing is seen at 25200 then 25100 strike. Option data suggests a broader trading range in between 24700 to 25700 zones while an immediate range between 24900 to 25400 levels. For Monthly Bank Nifty, Maximum Put OI is at 57000 then 56000 strike and maximum Call OI is placed at 57000 then 56500 strike. We have seen Call writing at 55500 strike while Put writing is witnessed at 55000 strike. Bank Nifty (CMP 56496) Data setup for Bank Nifty suggests a trading range in between 56000 to 57000. FIIs Cash & Derivative Activity: - Short built up in index futures, position unwinding in index options and short built up in stock futures - In the cash market, Flls were net sellers to the tune of 1059 crores while DII’s were net buyers worth 3024 crores⁠. The FIIs Index Long-Short is hovering near 7%. Derivatives data and price set up suggests, Nifty has to hold above 25050 zones for an up move towards 25350 then 25450 zones while supports can be seen at 25050 then 24900 zones. Bank Nifty has to hold above 56250 zones for an up move towards 56750 then 57000 zones while on the downside support is seen at 56250 then 56000 levels. Thank you. Have a great trading day !!