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Pradeep Carpenter

11th May · SEBI-Registered Analyst

📊 Market Outlook for Tomorrow – NIFTY & BANK NIFTY

📊 Closing Snapshot NIFTY 50: 23,815 (-360 pts) BANK NIFTY: 54,439 (-870 pts) India VIX: 18.51 (+9.93%) FII Activity: Net Sellers (~₹8,437 Cr) DII Activity: Net Buyers (~₹5,939 Cr) 🔹 NIFTY Outlook NIFTY closed weak below key short-term averages, indicating bearish momentum. RSI remains weak with volatility rising sharply. Support: 23,800 → 23,600 Resistance: 24,000 → 24,150 📌 Strong Put OI near 23,500–23,800 📌 Call writing visible near 24,000–24,200 ✅ Above 24,000 short covering possible ⚠️ Below 23,800 weakness may extend toward 23,400 🔹 BANK NIFTY Outlook BANK NIFTY continued underperforming with pressure across private banking stocks. Structure remains weak below 55,000. Support: 54,300 → 54,000 Resistance: 55,000 → 55,500 ✅ Recovery possible above 55,500 ⚠️ Below 54,000 selling pressure may intensify 🔥 Result Stocks in Focus •

TATAPOWER
TORNTPOWER
• V-Guard Industries • Texmaco Rail and Engineering • Pfizer • Max Financial Services • KPR Mill •
MTARTECH
• !Dr. Reddy's Laboratories •
DIXON
• Berger Paints India 📝 Final View Market sentiment remains cautious amid rising VIX and strong FII selling. Focus on stock-specific opportunities and maintain strict stop losses. ⚠️ Disclaimer: Information only. Not a buy/sell recommendation.

#Post-ClosingCommentary#TechnicalViews#StockInNews#IndexStrategies#Today’sTradingSetup
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