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.