⚠️ These are indicative technical ranges, not guaranteed intraday boundaries.
📅 IMPORTANT DATA / EVENTS TODAY
📌 Quarterly Results to Watch:
Tata Consumer Products
Paytm
Mankind Pharma
Bank of Maharashtra
REC
APL Apollo Tubes
Cyient
📌 Other Important Events:
Jio IPO allotment.
US–Iran geopolitical developments.
Brent crude oil price movements.
US bond yields and global market sentiment.
🎯 INTRADAY TRADING VIEW
👉 Market Bias: BEARISH / SELL ON RISE
🔴 Nifty
Below 22,800: Bearish bias.
Below 22,300: Risk of further selling toward 22,100.
Above 22,900: Possibility of short covering toward 23,000.
🔴 Bank Nifty
Below 54,700: Bearish bias.
Below 53,900: Downside risk toward 53,600.
Above 55,000: Potential improvement in shortterm sentiment.
⚠️ Avoid aggressive positions during the opening minutes due to expected volatility. Wait for price confirmation.
📌 QUICK SUMMARY
🔴 Global Cues: Negative due to geopolitical tensions, higher crude prices and weak US markets.
🔴 Indian Market: Bearish trend continues, with banking and IT stocks under pressure.
🔴 Options Data: PCR near 0.81 indicates cautioustobearish positioning.
🟢 Positive Factor: FIIs and DIIs were net buyers on Friday.
🎯 Key Nifty Levels: Support 22,300 | Resistance 22,900
🎯 Key Bank Nifty Levels: Support 53,900 | Resistance 54,700
📈 DAILY MARKET UPDATE
📅 Date – 26 October 2026 | Monday
1️⃣ VERY IMPORTANT NEWS 🚨
🔴 US–Iran Tensions: Fresh missile and drone attacks involving Saudi Arabia increased geopolitical uncertainty. Diplomatic talks continue, but no agreement has been confirmed.
🔴 Crude Oil: Brent crude is trading near $115/barrel, raising concerns about inflation, the Indian rupee and market sentiment.
🔴 Infosys Results: Revenue grew 10.7% YoY, but the company reduced its FY revenue growth guidance to 1–2%. Infosys ADR declined nearly 6.7%.
🔴 Goldman Sachs: Reduced its 12month South Korea KOSPI target by 25%, citing concerns about AI investments and technology valuations.
🔴 Market Sentiment: Nifty declined for the fourth consecutive session. Weak global cues and rising crude prices may keep markets under pressure.
🌍 GLOBAL MARKET
✔️ US Markets: 🔴 Negative
Dow Jones: 1.23%
S&P 500: 0.52%
Nasdaq: 0.21%
Rising oil prices and US bond yields pressured equities.
✔️ Asia Market Update: 🔴 Mixed to Negative
Nikkei 225: 0.20%
TOPIX: +0.37%
KOSPI: 0.30%
KOSDAQ: 1.18%
ASX 200: 0.26%
✔️ Gift Nifty Signal: 🔴 Negative
Gift Nifty indicated around 22,535.
Signals a possible gapdown opening of approximately 30 points.
✔️ Crude Oil: 🔴 Negative for India
Brent Crude: ~$115/barrel
WTI Crude: ~$102/barrel
US–Iran tensions remain a major concern.
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend: 🔴 Negative
Banking: Weak
IT: Negative outlook due to Infosys results
Metals: Under pressure
Midcap & Smallcap: Strong selling pressure
✔️ Market Sentiment / Trend: 🔴 Bearish
Nifty: 22,600 (88 points)
Bank Nifty: 54,287 (638 points)
Nifty recorded its fourth consecutive negative session.
Midcap declined 2.21%.
Smallcap declined nearly 3%.
✔️ Volatility (India VIX):
India VIX: 16.86
Increased approximately 7%.
Indicates higher market volatility.
💰 FII & DII DATA
✔️ FIIs: 🟢 Net Buyers
Net Buying: ₹888 crore
October cumulative selling: Approximately ₹37,937 crore.
Overall foreign institutional positioning remains cautious.
✔️ DIIs: 🟢 Net Buyers
Net Buying: Approximately ₹3,250 crore.
📌 Institutional View: Positive buying on Friday, but sustained FII inflows are needed to confirm a trend reversal.
📊 COMMODITIES UPDATE
✔️ Crude: 🔴
Brent: ~$115/barrel
WTI: ~$102/barrel
Higher crude prices remain negative for Indian equities.
📊 OPTIONS DATA (OI BUILDUP)
✔️ Call OI: 🔴
Significant Call OI: 23,000 strike
Strong Call writing indicates resistance near 22,800–23,000.
Fresh Call OI increased approximately 15.5%.
✔️ Put OI: 🟢
Important Put OI concentration around 22,500.
Fresh Put OI increased approximately 7.4%.
Traders added straddles at 22,500.
✔️ PCR:
Nifty PCR: 0.81–0.82
Bank Nifty PCR: 0.88
📌 Options Sentiment: Bearish bias, with Call writing dominating Put writing.
📈 NIFTY LEVELS
✔️ Trend: 🔴 Bearish
Immediate Support: 22,400–22,300
Major Support: 22,100
- Gift Nifty indicates a strong gap-up opening.
- IT stocks may outperform following positive ADR movements.
- Nifty needs to sustain above 22,800–22,900 for stronger recovery confirmation.
- Below 22,500, selling pressure could intensify.
- High crude prices, FII selling and elevated VIX remain major risks.
- Avoid chasing the opening gap; watch whether buying sustains after the opening.
📌 QUICK SUMMARY
• Positive: Gift Nifty gap-up, strong Indian IT ADRs, India–EU trade deal optimism.
• Negative: Brent crude above $113, weak US technology stocks, continued FII selling and rising volatility.
• Key Nifty Levels: Support 22,500 | Resistance 23,000.
• Key Bank Nifty Levels: Support 54,400 | Resistance 55,400.
• Market Outlook: Positive opening expected, but sustainability is the key. Remain cautious until resistance levels are decisively crossed.