Morning Market View
The Nifty witnessed sharp selling pressure amid rising crude oil prices due to escalating US–Iran tensions in the Middle East. Since the fall came on relatively lighter volumes, a short-term bounce cannot be ruled out. However, the broader bias remains cautious, and any pullback towards higher levels is likely to attract fresh selling interest.
Immediate Support: 25,300
Major Hurdle: 25,600 (strong call writing visible in monthly expiry)
Traders may adopt a sell-on-rise approach near resistance zones unless the index sustains convincingly above 25,600.
The Banking Index has started showing early signs of profit booking after recent outperformance. A gradual drift towards the 60,400–60,500 zone is possible where support is placed.
Key Support: 60,400–60,500
Critical Stop Loss (Spot): 60,200
Long positions may be maintained only above 60,200; a breach could trigger further downside pressure.
Stock-Specific Action