SMTC Traders®(Only for Education)

BULLISH Observed Breakout Level 24030 with Close - 24080/140/200 Breakout Failure Level 23975 BEARISH Observed Breakdown Level 23920 with Close - 23870/810/740 Breakdown Failure Level 23985

Institutional Market Structure Above 24020 Bullish only after sustaining. Below 23920 Fresh selling likely. Below 23870 Momentum selling may accelerate.

Highest PE OI (Support) Important Observation 24000 PE still has the highest support. However, 24200 PE witnessed OI reduction, suggesting bulls have reduced confidence near the upper range.

Highest CE OI (Resistance) Strong Resistance Zone 24000-24200 Fresh OI addition at both 24000 and 24200 indicates writers defending these levels.

FII No aggressive long build-up. Activity suggests cautious positioning. Client Category Continues holding long positions. This combination generally favours:

Retail buys the dip while institutions wait for better prices.

🌍 Global Market Summary (22 July Overnight) 🟠 Global Factors Gift Nifty indicates a gap-down opening. Weak global sentiment is likely to create selling pressure during the first hour. Crude Oil remains relatively stable (not a major negative). Gold is firm, showing some risk-off sentiment. USDINR strength is slightly negative for foreign flows. MSCI-related flows are neutral to mildly negative. Institutional View Avoid aggressive buying immediately after a gap-down. Wait for market structure confirmation.

📅 23 July 2026 (Thursday) Previous Close: 23,996.25 Gift Nifty (06:38 AM): 23,910 (-86 Points) Markets. The only place where everyone claims they saw the move coming... usually after it already happened. 😄

Overall Bias (Pre-open): Slight Bearish to Range-Bearish

AI Historical Prediction

Good Morning Super Traders Have a Big Profitable Day

1 Hour Historical Analysis - 4 Probability

1 Hour Historical Analysis Single Pattern

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Disclaimer All post were only for education purpose, Not for trading purpose.. Please do your own analysis, or consult with SEBI Registered Financial Advisor.

"லாபம் தேடி ஓடாதே... சரியான வர்த்தகத்தை தேடு. லாபம் தானாக உன்னைத் தேடி வரும்."

Key Institutional Zone The 24200 strike has become the dominant institutional level: Highest Call OI Highest Put OI Highest fresh OI additions on both sides This means 24200 is the decision point. A sustained move above it could trigger short covering, while repeated rejection below it would favor call writers and keep the market under pressure. Considering the Gift Nifty indication around 24109, expect sellers to have the early advantage. Watch how price behaves around 24100 in the first 30-45 minutes. If buyers defend that area and reclaim 24200, the odds of a sharp intraday recovery improve. If 24100 breaks with strong market breadth and rising volumes, the next downside zone is 24050-24000. 📊

Institutional Trading Map

Highest Put Open Interest (Support) Observation Strong put writing at 24200 PE. Since Gift Nifty is below 24200, this strike becomes the key battleground. 24000 PE is the next major support.

Highest Call Open Interest (Resistance)

Institutional View Gift Nifty trading below previous close generally suggests: Sellers likely active in first hour. Watch whether buyers defend 24,080. If 24,080 survives, expect short covering towards 24,220-24,260. If 24,080 fails with strong breadth, downside can extend to 24,000.

Bullish Observed Breakout Level above 24205 Close , Then 24245/290/340 Breakout Failure Level 24170 Bearish Observed Breakdown Level Below 24075 Close, Then 24030/23980/930 Breakdown Failure Level 24120