📈 DAILY MARKET UPDATE
📅 Date – 5 March 2026
🇮🇳 INDIAN MARKET
✔️ Nifty Levels:
• Trend: Slight Bearish / Rangebound
• Immediate Support: 24,700 – 24,650
• Major Support: 24,550 – 24,500
• Immediate Resistance: 24,950 – 25,000
• Strong Resistance: 25,100 – 25,200
👉 Above 25,000: Short covering rally possible
👉 Below 24,700: Fresh selling pressure possible
📌 Expected Intraday Range: 24,700 – 25,100
📌 Intraday Strategy: Sell on rise / Range trading preferred
✔️ Bank Nifty:
• Trend: Weak but trying to stabilize
• Immediate Support: 59,400 – 59,000
• Major Support: 58,800 – 58,500
• Resistance: 60,120 – 60,500
👉 Above 60,500: Strong short covering move possible
👉 Below 59,400: Selling pressure may increase
📌 Banking stocks near key support — watch for bounce trades
✔️ FIIs & DIIs:
• FIIs: Continuous selling in recent sessions
• DIIs: Supporting market with domestic buying
📌 Institutional flow slightly negative for short term
✔️ Sector Trend:
✅ Relatively Strong: Oil & Gas, Energy, Select Metals
⚠️ Neutral: PSU Banks, Auto
❌ Weak: IT, Tech, Exportoriented stocks
📌 Avoid weak IT stocks for fresh intraday longs
✔️ Volatility:
• India VIX elevated
• High intraday swings possible
📌 Trade with strict Stop Loss
✔️ Options Data:
• Strong Support Zone: 24,700 – 24,600
• Resistance Zone: 24,950 – 25,100
📌 Heavy Call writing near 25,000 indicating resistance
✔️ Stock Setups to Watch:
• PSU Banks near support levels
• Oil & Gas stocks due to strong crude prices
• Select Metal stocks for momentum trades
📌 Avoid chasing weak IT counters
🌍 GLOBAL MARKET
✔️ US Markets:
• US markets trading volatile due to global tensions
• Riskoff sentiment in global equities
📌 Global cues slightly negative for equities
✔️ SGX Nifty:
• Indicating flat to slightly weak opening for Indian market
✔️ Crude Oil:
• Crude prices trading higher
📌 Higher crude generally negative for Indian market sentiment
✔️ Dollar Index:
• Dollar strong near recent highs
📌 Pressure on Emerging Markets and Rupee
✔️ Volatility Index (VIX US):
• Global volatility still elevated
📌 Traders cautious globally
✔️ Data to Watch Today:
• Global geopolitical headlines
• Crude oil movement
• US bond yields & macro data
🎯 Quick Summary:
• Market Mood: Cautious / Slight Bearish
• Nifty Range: 24,700 – 25,100
• Bank Nifty Range: 59,400 – 60,500
📌 Intraday Strategy:
• Sell on rise
• Prefer quick trades
• Avoid chasing breakouts in volatile market
⚠️ Expect volatile session — trade light and disciplined.
📌 For educational purposes only. Not financial advice.