🌏 Global Cues US Markets: S&P -0.1%, Nasdaq -0.33% – ended lower after Powell’s hawkish tone. Fed Update: First rate cut of 2025 delivered, but Powell clarified this is not the start of an aggressive cutting cycle. Fed signaled 2 more cuts in 2025 and only 1 in 2026 (vs market expectation of 2-3). US 10Y Yield: ↑ 4 bps at 4.07% (hawkish undertone). Brent Crude: $68 – supportive for India. Dollar Index: 97 – relatively benign. Key Event: Bank of England rate decision today. 🏦 Domestic Setup GIFT Nifty: +86 pts at 25,500 – indicating a gap-up opening of 100+ pts. Market Mood: Positive, but global cues may cap upside. 🔑 Spot Index Levels Nifty 50: Support 25,300 / 25,150 | Resistance 25,500 / 25,600 Bank Nifty: Support 55,300 / 55,000 | Resistance 55,800 / 56,000 Nifty Fin Services: Support 26,500 / 26,400 | Resistance 26,700 / 26,800 Sensex: Support 82,000 / 81,800 | Resistance 82,600 / 82,800 📊 Futures Key Levels Nifty Futures: Support 25,250 | Resistance 25,650 Bank Nifty Futures: Support 55,200 | Resistance 56,200 📌 Outlook Indian markets are set for a gap-up start driven by strong GIFT Nifty cues and softer crude prices. However, Powell’s cautious tone and higher US yields may restrict runaway gains. Focus will shift to Bank of England policy outcome and FII flows. Sectors to watch: Banks & Financials (sensitive to global yields) IT (may remain soft post Nasdaq weakness) O&G & Consumption (benefit from crude cooling)

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