📈 DAILY MARKET UPDATE
📅 Date – 27 April 2026
1️⃣ VERY IMPORTANT NEWS
• Reliance Industries Q4: Strong revenue but weak margins (pressure from O2C segment); Jio strong, IPO sentiment positive
• Axis Bank Q4: Profit beat due to tax gain; core performance slightly weak, asset quality improved
• FII Heavy Selling: ~₹9,000 Cr selling on Friday, creating bearish pressure
🌍 GLOBAL MARKET
✔️ US Markets:
• S&P 500 (+0.8%) & NASDAQ (+1.6%) at record highs, tech-led rally
• Dow Jones slightly negative
✔️ Asia Market Update:
• Mixed to positive; Japan at record highs, Australia slightly weak
✔️ Gift Nifty Signal:
• Indicating gap-up (~150–180 points), but volatility due to geopolitical news
✔️ Crude Oil:
• Elevated (weekly strong rally ~11%) → inflation concern
✔️ Dollar Index:
• Slightly weak
✔️ Volatility Index (VIX US):
• Stable but cautious sentiment
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
• IT weak (heavy selling)
• Telecom & Retail supportive (Reliance impact)
• Banking mixed
✔️ Market Sentiment / Trend:
• Short-term bearish to sideways (profit booking + global uncertainty)
✔️ Volatility (India VIX):
• Around 19.7 (+6%) → High volatility
💰 FII & DII DATA
✔️ FIIs:
• Net Sell ~₹9,000 Cr (bearish)
✔️ DIIs:
• Net Buy ~₹4,700 Cr (supportive)
📊 COMMODITIES UPDATE
✔️ Crude:
• High & volatile (geopolitical tension)
✔️ Gold:
• Slightly positive (safe haven buying)
✔️ Silver:
• Weak bias
📊 OPTIONS DATA (OI BUILD-UP)
✔️ Call OI:
• Heavy at 24,000 – 24,500 (strong resistance zone)
✔️ Put OI:
• Strong at 23,500 – 24,000 (support zone)
✔️ PCR:
• ~0.78 – 0.81 (bearish bias)
📈 NIFTY LEVELS
✔️ Trend: Bearish / Sideways
• Immediate Support: 23,700
• Major Support: 23,500
• Immediate Resistance: 24,000
• Strong Resistance: 24,200 – 24,500
📉 BANK NIFTY LEVELS
✔️ Trend: Sideways to Slight Bearish
• Immediate Support: 55,500
• Major Support: 55,000
• Immediate Resistance: 56,500
• Strong Resistance: 56,600 – 57,000
📊 STOCKS / SECTORS IN NEWS
• Reliance Industries (Q4 Results)
• Axis Bank (Q4 Results)
• IT Stocks (Oversold bounce possible)
📊 STOCK SETUPS TO WATCH
• IT Stocks – Possible pullback (Infosys, TCS)
• Reliance – High impact stock (watch opening move)
• Banking Stocks – Mixed cues
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range: 23,700 – 24,200
✔️ Bank Nifty Range: 55,500 – 56,800
📅 IMPORTANT DATA / EVENTS TODAY
• Q4 Results: Coal India, UltraTech Cement, SBI Cards, AU Small Finance Bank
• Global cues: US-Iran developments
🎯 INTRADAY TRADING VIEW
👉 Gap-up possible but sustainability doubtful
👉 Sell on rise strategy until 24,200 breakout
👉 High volatility – strict SL required
📌 QUICK SUMMARY
• Market under pressure due to FII selling & weak IT
• Global cues positive but geopolitical risk high
• Gap-up opening likely, but trend still cautious