📈 DAILY MARKET UPDATE
📅 Date – 24 April 2026
1️⃣ VERY IMPORTANT NEWS
• HSBC downgraded Indian equities to Underweight citing rising crude oil, valuation concerns & earnings risk
• Brent crude surged to ~$106/barrel due to escalating US–Iran tensions (Hormuz Strait issue)
• Infosys gave weak FY27 guidance → IT sector under pressure
🌍 GLOBAL MARKET
✔️ US Markets:
• Dow -0.36%, S&P 500 -0.41%, Nasdaq -0.89% (profit booking + oil spike pressure)
✔️ Asia Market Update:
• Mixed opening – Japan positive, Australia slightly weak
✔️ Gift Nifty Signal:
• ~24,125 → Flat to mild gap-down opening expected
✔️ Crude Oil:
• Brent ~106$, WTI ~97$ (strong bullish due to geopolitical tension)
✔️ Dollar Index:
• Strong → pressure on emerging markets
✔️ Volatility Index (VIX US):
• Around 19.5 → Rising fear in global markets
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
• Weakness in IT & Auto
• Strength in Pharma
✔️ Market Sentiment / Trend:
• Negative to sideways (profit booking + global pressure)
✔️ Volatility (India VIX):
• ~18.5 → Increased volatility
💰 FII & DII DATA
✔️ FIIs:
• Net Sell ~₹3,250 Cr (continuous selling pressure)
✔️ DIIs:
• Net Buy ~₹940 Cr (limited support)
📊 COMMODITIES UPDATE
✔️ Crude:
• Bullish (due to supply disruption fears)
✔️ Gold:
• Slightly weak (~$4690)
✔️ Silver:
• Mild correction
📊 OPTIONS DATA (OI BUILD-UP)
✔️ Call OI:
• Heavy build-up at 24,500 & 24,200
✔️ Put OI:
• Strong at 24,000 & 23,500
✔️ PCR:
• ~0.92 (Bearish bias)
📈 NIFTY LEVELS
✔️ Trend:
• Sideways to Bearish
• Immediate Support: 24,000
• Major Support: 23,800 – 23,900
• Immediate Resistance: 24,300
• Strong Resistance: 24,500 – 24,600
📉 BANK NIFTY LEVELS
✔️ Trend:
• Weak / Bearish
• Immediate Support: 55,800
• Major Support: 55,500
• Immediate Resistance: 56,650
• Strong Resistance: 56,750 – 57,000
📊 STOCKS / SECTORS IN NEWS
• Infosys (weak guidance → IT pressure)
• Reliance Industries (results today)
• Adani Green, Shriram Finance, IndusInd Bank (earnings focus)
📊 STOCK SETUPS TO WATCH
• Pharma stocks (relative strength)
• IT stocks (sell on rise)
• Banking stocks (watch for breakdown near support)
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range: 23,900 – 24,400
✔️ Bank Nifty Range: 55,500 – 56,800
📅 IMPORTANT DATA / EVENTS TODAY
• UK Retail Sales (11:30 AM)
• US Consumer Inflation Expectations (night)
🎯 INTRADAY TRADING VIEW
👉 Market likely to open flat with negative bias
👉 Sell on rise strategy preferred
👉 High volatility expected due to crude & global tension
📌 QUICK SUMMARY
• Global cues negative (US fall + oil spike)
• FIIs aggressive selling continues
• IT sector weak, Pharma strong
• Market in consolidation with downside risk