📈 DAILY MARKET UPDATE
📅 Date – 17 April 2026
1️⃣ VERY IMPORTANT NEWS
• US–Iran tension continues: Naval blockade active, ~14 vessels turned back
• Mixed signals: Military warning from US but peace talks likely (JD Vanceled)
• Israel–Lebanon agreed on 10day ceasefire → positive for global sentiment
🌍 GLOBAL MARKET
✔️ US Markets:
• Dow Jones +0.24%
• S&P 500 +0.26% (touched alltime high, then profit booking)
• Nasdaq +0.36%
• Rally weak in breadth; big tech (Nvidia, Apple, Google) under pressure
✔️ Asia Market Update:
• Mostly negative (Japan, Australia down)
• Cautious sentiment due to Middle East tension
✔️ Gift Nifty Signal:
• Around 24,212 → Flat to slightly positive opening expected
✔️ Crude Oil:
• Rising (WTI ~$93, Brent ~$98)
• Supply disruption (13M barrels/day impacted) supporting prices
✔️ Dollar Index:
• Stable (no major volatility signal)
✔️ Volatility Index (VIX US):
• Around 17–18 (slightly cooling, but uncertainty remains)
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
• IT weak (Wipro ADR 5%)
• Banks mixed
• Metals strong (commodity support)
✔️ Market Sentiment / Trend:
• Cautiously bullish but signs of exhaustion
• Profit booking at higher levels
✔️ Volatility (India VIX):
• Slightly cooling → but risk still present
💰 FII & DII DATA
✔️ FIIs:
• Net Buyers ₹380 Cr (2nd consecutive buying session)
✔️ DIIs:
• Net Sellers ₹3,500 Cr
📊 COMMODITIES UPDATE
✔️ Crude:
• Up 2–3% (supply tightness dominates)
✔️ Gold:
• Rising (safe haven demand)
✔️ Silver:
• Stable to slightly positive
📊 OPTIONS DATA (OI BUILDUP)
✔️ Call OI:
• 24,800 (highest), then 24,500 & 24,400
✔️ Put OI:
• 24,000 & 24,200 strong base
✔️ PCR:
• 0.97 (dropped from 1.08 → slightly bearish bias)
📈 NIFTY LEVELS
✔️ Trend:
• Sideways to bullish (but weak momentum)
• Immediate Support: 24,100
• Major Support: 24,000
• Immediate Resistance: 24,300
• Strong Resistance: 24,500
📉 BANK NIFTY LEVELS
✔️ Trend:
• Sideways with bearish pressure
• Immediate Support: 55,600
• Major Support: 55,500
• Immediate Resistance: 56,600
• Strong Resistance: 57,000
📊 STOCKS / SECTORS IN NEWS
• Wipro → Weak guidance despite good results (ADR 5%)
• Infosys → Slightly weaker ADR vs Indian close
• HDFC Bank / ICICI Bank → Stable, results upcoming
• Jio Financial, Bajaj Consumer → Results today
📊 STOCK SETUPS TO WATCH
• IT Stocks → Weak bias (sell on rise)
• Banking Stocks → Volatile (results ahead)
• Metal Stocks → Strength due to commodity rally
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range: 24,000 – 24,500
✔️ Bank Nifty Range: 55,500 – 56,600
📅 IMPORTANT DATA / EVENTS TODAY
• Earnings: Jio Financial, Bajaj Consumer, Aditya Birla Money
• Weekend: HDFC Bank, ICICI Bank, Yes Bank results
🎯 INTRADAY TRADING VIEW
👉 Flat opening but high chance of intraday volatility
👉 Sell on rise strategy near resistance zones
👉 Avoid aggressive longs unless Nifty sustains above 24,300
📌 QUICK SUMMARY
• Global cues mixed: tension + peace talks
• US market positive but weak participation
• Oil rising → negative for India
• IT sector under pressure (key drag)
• Market likely rangebound with profit booking