🔹 Market Setup Recovery seen after sharp dip Holding near key support zones Still trading below major resistance areas Institutional buying supporting sentiment 🔹 Nifty (24,100 zone) Price holding above 24,000 (psychological support) Resistance: 24,200 – 24,500 (supply zone + OI) Support: 24,000 → 23,800 (strong base) Bollinger Bands: Price near mid band → consolidation phase RSI: Around 50–55 → neutral momentum 👉 Structure: Recovery within range (no breakout yet) 🔹 Bank Nifty (54,800 zone) Resistance: 55,500 – 56,000 (strong supply + OI) Support: 54,200 → 53,500 Price below key averages → weak structure RSI near mid-zone → momentum still neutral 👉 Structure: Sideways to weak recovery 🔹 OI Data Insights (Key Levels) Nifty Call OI: 24,200 – 24,500 → strong resistance Put OI: 24,000 – 23,800 → support zone Bank Nifty Call OI: 55,000 – 56,000 → supply zone Put OI: 54,000 – 53,500 → support base 👉 Indicates range-bound movement 🔹 FII / DII Data FII: +₹2,835.62 Cr (BUY) ✅ DII: +₹4,764.16 Cr (BUY) ✅ 👉 Strong institutional support in market *🔹 *Summary * Market showing recovery with support from institutions Still facing resistance at higher levels OI data confirms range-bound structure No clear breakout confirmation yet 👉 Expect sideways movement with slight positive bias

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