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$ For The Trade $

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Nifty Bank futures OI increased by 2.66%, indicating Long Buildup

BNF formed a strong bullish candle, reflecting sustained buying pressure

Bank Nifty Analysis

View is cautiously bullish, Sustained above 23000 then look for bullish trades

Support: 22,800 Resistance: 23000

PCR at 0.8 around ATM and overall - neutral

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Open Interest data

Nifty formed a bullish candle but resistance holds

NIFTY ANALYSIS

Nifty closed at 22828, up by 1.92% and Bank Nifty ended at 51002, gaining 1.52%

In the previous trading session, the markets shows bullish momentum

Good morning, all

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*Viral News* Stocks to Watch Today: Senco Gold, Phoenix Mills, Home First Finance, Concord Biotech, Sasken Tech, BPCL, IRB Infrastructure in focus on 9 April MPC meet: RBI revises India's GDP growth projection to 6.5% Rate-sensitive stocks outshine as RBI MPC cuts repo rate by 25 bps, changes stance to 'accommodative' A year on, CEO Srinivas Pallia steers Wipro steady but turnaround journey isn’t over Despite tariff jitters, DIIs keep the faith with a Rs 2 lakh crore bet on equities in 2025 Pharma stocks fall up to 5% as Donald Trump to announce pharma tariffs Tata Steel, JSW Steel, other metal stocks slip up to 3% after 104% tariff escalates US-China trade tensions Senco Gold shares hit 5% upper circuit as it posts highest-ever revenue in Q4 update Chinese stocks resume slide as Trump raises trade war stakes Zomato rebrands itself as Eternal on stock exchanges; shares dip 2%

RBI Policy: Rate cut by 0.25%

RBI CreditĀ  Policy Announcement Today at 10Am

Let’s see what happens in the market today

Need a strong move above 50750 for trend confirmation. Until then, play light.

View: Neutral to bearish, if channel breaks then view can change