📈 DAILY MARKET UPDATE
📅 Date – 8 April 2026
1️⃣ VERY IMPORTANT NEWS
🌍 Global Affairs
🇺🇸 US – Iran Tensions (Major Highlight)
Donald Trump issued strong warning to Iran, hinting possible military action.
In the same statement, he also suggested possibility of positive outcome / regime change → mixed signals.
Iran rejected negotiations and warned of counterattacks on oil infrastructure.
Pakistan acting as mediator, requested:
2week deadline extension
Temporary ceasefire
Situation remains highly uncertain and volatile.
🌍 GLOBAL MARKET
✔️ US Markets:
• S&P 500 +0.08%, Nasdaq Composite +0.10%
• Dow Jones Industrial Average −0.18% (slightly weak)
• Markets mostly flat despite geopolitical tension
✔️ Asia Market Update:
• Nikkei 225 +4.5% (strong rally)
• TOPIX +2.8%
• ASX 200 +2.7%
✔️ Gift Nifty Signal:
• Indicating strong gapup (~600–700 points) → highly bullish start
✔️ Crude Oil:
• Sharp fall (~10–12%) → below $100 (big positive for India)
✔️ Dollar Index:
• Slight weakness (supports equities & commodities)
✔️ Volatility Index (VIX US):
• Near 26 (elevated → caution remains)
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
• IT strong (+2.5%)
• PSU Banks weak
✔️ Market Sentiment / Trend:
• Bullish with volatility (eventdriven)
✔️ Volatility (India VIX):
• ~24.69 (cooling slightly but still high)
💰 FII & DII DATA
✔️ FIIs:
• Sold ₹8,692 Cr (continuous selling pressure)
✔️ DIIs:
• Bought ~₹8,000 Cr (market support)
📊 COMMODITIES UPDATE
✔️ Crude:
• Big crash → positive for market
✔️ Gold:
• Above $4,800 (+2%) → safehaven buying
✔️ Silver:
• Above $76 (+4%) → strong momentum
📊 OPTIONS DATA (OI BUILDUP)
✔️ Call OI:
• Highest at 24,000 & 23,500
✔️ Put OI:
• Highest at 22,500 & 23,000
✔️ PCR:
• ~1.08 – 1.13 → slightly bullish bias
📈 NIFTY LEVELS
✔️ Trend:
• Bullish (Gapup + Momentum continuation)
• Immediate Support: 23,800
• Major Support: 23,500 / 23,000
• Immediate Resistance: 24,000
• Strong Resistance: 24,200
📉 BANK NIFTY LEVELS
✔️ Trend:
• Neutral to Slight Bullish
• Immediate Support: 52,300
• Major Support: 52,000
• Immediate Resistance: 53,000
• Strong Resistance: 53,200
📊 STOCKS / SECTORS IN NEWS
• IT stocks (Infosys, TCS type momentum continues)
• Oilsensitive sectors (Paints, Aviation) positive due to crude fall
• Banking stocks in focus due to RBI policy
📊 STOCK SETUPS TO WATCH
• IT stocks – continuation breakout
• Oilsensitive stocks – shortterm momentum
• Indexbased trades (expiry + event volatility)
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range: 23,800 – 24,200
✔️ Bank Nifty Range: 52,300 – 53,200
📅 IMPORTANT DATA / EVENTS TODAY
• RBI Monetary Policy (10:30 AM)
• Global updates on US–Iran situation
🎯 INTRADAY TRADING VIEW
👉 Buy on dips above 23,800
👉 If breaks 24,000 → momentum long trade possible
👉 Below 23,800 → expect profit booking / volatility
📌 QUICK SUMMARY
• Market strong bullish opening expected
• Crude crash = big positive tailwind
• RBI policy = main volatility trigger today