📈 DAILY MARKET UPDATE
📅 Date – 13 March 2026
1️⃣ VERY IMPORTANT NEWS
• Middle East conflict escalation: Iran increased attacks on ships and energy facilities across the Gulf region; several vessels reportedly hit near the Strait of Hormuz, raising fears of global oil supply disruption.
• Crude oil surge: Brent crude crossed $100/barrel and WTI moved near $97–98 as markets fear shipping disruptions in the Strait of Hormuz, which carries nearly 20% of global oil supply.
• Global oil reserves released: The IEA released about 400 million barrels from emergency reserves, but markets remain worried as tensions continue.
🌍 GLOBAL MARKET
✔️ US Markets:
• Dow Jones 1.56%
• S&P 500 1.52%
• Nasdaq 1.78% — tech stocks underperformed due to rising oil and geopolitical risks.
✔️ Asia Market Update:
• Asian markets mostly weak amid geopolitical tensions and crude volatility.
✔️ Gift Nifty Signal:
• Around 23,450 – 23,500 indicating ~200+ points gapdown opening.
✔️ Crude Oil:
• WTI ~ $97 – $98
• Brent ~ $100 – $102
✔️ Dollar Index:
• Around 104 – 105
✔️ Volatility Index (VIX US):
• Around 26 – 27 indicating rising global risk.
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
• Weak: Banking, Auto, Airlines, Paint stocks (high oil sensitivity)
• Relatively Stable: IT sector
✔️ Market Sentiment / Trend:
• Negative to volatile due to crude spike and global riskoff sentiment.
✔️ Volatility (India VIX):
• Around 22 – 24 indicating high volatility in the market.
💰 FII & DII DATA
✔️ FIIs:
• FIIs net sold around ₹7,500 Cr — continuing selling for 10th straight session.
✔️ DIIs:
• DIIs net bought around ₹7,500 Cr, supporting the market.
📊 COMMODITIES UPDATE
✔️ Crude:
• Brent ~$100+
✔️ Gold:
• Around $2,160 – $2,170 / oz
✔️ Silver:
• Around $24 – $25 / oz
📊 OPTIONS DATA (OI BUILDUP)
✔️ Call OI:
• Highest at 24,300
• Followed by 24,000 & 24,200
✔️ Put OI:
• Highest at 23,000
• Followed by 23,500 & 23,600
✔️ PCR:
• Around 0.85 (slightly bearish bias)
📈 NIFTY LEVELS
✔️ Trend: Weak / Bearish
• Immediate Support: 23,500
• Major Support: 23,400 – 23,200
• Immediate Resistance: 23,700 – 23,850
• Strong Resistance: 24,000
📉 BANK NIFTY LEVELS
✔️ Trend: Weak but Oversold
• Immediate Support: 55,000
• Major Support: 54,500
• Immediate Resistance: 56,000 – 56,200
• Strong Resistance: 56,800
📊 STOCKS / SECTORS IN NEWS
• Oil & Gas stocks in focus due to crude spike
• Airline and paint companies under pressure from rising oil prices
• IT stocks reacting to weak US tech markets
📊 STOCK SETUPS TO WATCH
• Reliance Industries
• Infosys
• Wipro
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range: 23,200 – 24,000
✔️ Bank Nifty Range: 54,500 – 56,200
📅 IMPORTANT DATA / EVENTS TODAY
• UK GDP data & European inflation data
• US macro data: GDP, PCE inflation, job openings
🎯 INTRADAY TRADING VIEW
👉 If Nifty holds above 23,500, a bounce towards 23,800 – 24,000 possible.
👉 If 23,500 breaks, selling may extend towards 23,300 – 23,200.
📌 QUICK SUMMARY
• Middle East conflict pushing crude above $100
• Gift Nifty indicating 200+ points gapdown opening
• High volatility expected in today's session