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If you’re new here, this blog is your daily dose of Nifty market analysis, predictions, and key insights. We break down market trends, technical indicators, and trading strategies to help you stay ahead in the game. Whether you’re a seasoned trader or just starting out, you’ll find valuable market insights here every day.
Now, let’s dive into today’s market recap and what to expect tomorrow!
Key Expiry Movements:
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Sensex Expiry Impact: The 77,300 CE soared from 80 to 380 in just 30 minutes.
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High Volatility: Nifty formed a massive 226-point 1-hour candle (23,339-23,565), hinting at an uncertain trading session.
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Bearish Breakout: The second hourly candle broke the day’s low, signaling increased bearish pressure.
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Put Options Rally: Due to Sensex expiry, the 76,400 PE spiked from ₹14 to ₹200+ within 10 minutes.
In the final hours, Nifty made a new intraday low at 23,136.40 before closing at 23,165, 150 points below the 23,400 support level. The last four hours saw Nifty consolidating between 23,130 – 23,250, suggesting that institutional players might be waiting for a significant event.
Upcoming Event: Trump’s Tariff Announcement
Tomorrow, Trump’s tariff rate announcement is expected, creating uncertainty in the market. Given this scenario, cautious trading with reduced position sizing is advisable in the coming sessions.
Top Market Movers (Nifty 50)
Top Gainers:
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IndusInd Bank: +5.06%
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Trent: +4.72%
Top Losers:
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HCLTech: -3.90%
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Bajaj Finserv: -3.50%
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HDFC Bank: -3.30%
Market Breadth:
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Declining Stocks: 33
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Advancing Stocks: 11
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Flat Stocks: 6
Technical Analysis: Bears in Control
Candlestick Patterns & Key Levels
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Daily Timeframe: Support at 23,400 was broken, with next key levels at 22,975 and 22,900.
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Hourly Chart: Strong support at 23,150 (today’s low). A breakdown could lead to further downside.
Indicators Suggest Bearish Bias
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RSI (14):
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Daily timeframe: Below 60, confirming a downtrend.
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Hourly chart: At 29, signaling an oversold condition, which could lead to a temporary bounce.
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MACD: Bearish crossover for the fourth consecutive day, strengthening the downtrend signal.
Open Interest (OI) Data Analysis
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23,200 Strike: 53 lakh OI on both CE & PE, making it a make-or-break level.
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Resistance Levels:
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23,300 CE: 76 lakh OI – strong resistance.
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23,500 CE: 50 lakh OI trapped, increasing selling pressure.
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Support Levels:
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23,000 PE: 75 lakh OI – crucial support.
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OI Buildups Indicating Weakness
| Index | Price Change | OI Change | Buildup Type |
|---|---|---|---|
| Nifty | -1.39% | +7.24% | Short Buildup |
| Bank Nifty | -1.25% | -23.46% | Long Unwinding |
| FinNifty | -2.00% | +11.85% | Short Buildup |
The buildup data reinforces the bearish sentiment in the market.
FII & DII Activity (To be Updated Soon)
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FII Net Position: TBD
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DII Net Position: TBD
Market Prediction: Will Nifty Fall Further?
Considering technical indicators, OI data, and market sentiment, a downtrend continuation is likely. If 23,000 breaks, Nifty may decline 500 points toward 22,500.
📊 What’s your market prediction for tomorrow? Drop your thoughts in the comments below! 👇
Key Learning from Today’s Market:
📌 Stay cautious when major economic events are expected. Market volatility can be extreme, making it crucial to adjust position sizing accordingly.
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💬 Share your thoughts on tomorrow’s market in the comments below! Let’s discuss. ⬇️📢