Good morning. Here’s a simple breakdown of what’s happening in the markets today: Global Cues: US Markets fell sharply yesterday: 🔻 • Dow Jones: -1.91% • S&P 500: -1.61% • Nasdaq: -1.41% Reason: Closed lower due to concerns over the US's ballooning deficit, leading to soaring Treasury yields. Europe closed mixed: • DAX: +0.36% • FTSE 100: +0.06% • CAC 40: -0.40% European Markets: Major indices closed mixed, reflecting cautious global sentiment. Asian markets are weak this morning. Gift Nifty is down 66 points (-0.27%) → Suggesting a negative start for Indian markets. Technical View Nifty 50 (LTP: 24,813) • Support: 24,800 (immediate), 24,450 (crucial) • Resistance: 25,000 • Nifty is moving in an ascending channel → This means the trend is positive, but a clear move above 25,000 is needed for a fresh rally. Bank Nifty (LTP: 55327) • Support: 54,400 (crucial) • Resistance: 55,300–55,350 (strong), 55,550–55,600 (next) • Bank Nifty is in a tight range, but still trending up. A breakout above 55,800 can push it higher. Summary • Global mood is cautious; US selloff is weighing on sentiment. • Expect a weak opening in India. • Watch Nifty at 24,800 and 25,000 → these are key levels. • Bank Nifty needs strength above 55,800 to rally further. Important Note: Today is Weekly Expiry Expect high volatility, especially in the second half. Traders should be extra cautious with positions and avoid over-leveraging.

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