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.