06.10.2025 - pre market Analysis

? 06.10.2025 | 07:30 AM IST
?️ Reference Closing Date: 03.10.2025
Open: ₹24,759.55
High: ₹24,904.80
Low: ₹24,747.55
Close: ₹24,894.25 (+57.95 pts / +0.23%)
GIFT Nifty indicates a muted start, range-bound session expected.
India VIX: 10.06 → low volatility, calm market sentiment.
FIIs: Net sell ₹1,583 Cr | DIIs: Net buy ₹490 Cr.
NSE: Lot size reduced for Nifty & Bank Nifty to improve liquidity.
Global cues: U.S. markets mixed; gold slightly up; crude trending higher.
Support: ₹24,600 – ₹24,750
Resistance: ₹25,000 – ₹25,100
RSI: Around 50 → Neutral zone
MACD: Near positive crossover; momentum building.
Bias: Mildly bullish if Nifty sustains above ₹24,800; otherwise range-bound.
Support: ₹55,200 – ₹55,400
Resistance: ₹55,970 – ₹56,200
RSI & Momentum: Positive; banking stocks remain steady.
Bias: Upward bias until major resistance holds.
Heavy PUT writing at ₹24,800 → Strong support zone.
CALL OI concentration at ₹25,000 → Key resistance zone.
OI structure indicates tight range trading between 24,800–25,000.
OI + PUT writing → Positive sentiment above ₹24,800.
FIIs selling continues → caution in large caps.
VIX low → calm but reactive to global shocks.
Global cues mixed → domestic flows to decide direction.
Buy Entry: Near ₹24,800 (support hold)
Targets: ₹25,100 → ₹25,300
Stop Loss: ₹24,650
❗Alternatively, short if rejection near ₹25,100–₹25,150; SL ₹25,200
Buy Entry: Above ₹55,970 (confirmed breakout)
Targets: ₹56,500 → ₹56,800
Stop Loss: ₹55,700
❗Short near ₹56,000 zone if reversal visible.
Nifty sustains positive tone above ₹24,800.
Bank Nifty remains strong but near resistance zone.
FIIs selling offset by DII support.
India VIX < 11 → low volatility, stable bias.
Option data: 24,800 PUT & 25,000 CALL are key levels today.
USD/INR: Rupee likely to strengthen amid bond yield softness.
Brent Crude: Trending upward near $90 → Watch inflation pressure for India.
IT: Weak due to global tech softness.
Banks / Financials: Mixed-to-positive momentum.
Metals: Supportive due to global demand strength.
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? Wonder Lampe Financial Empowerment Team
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