📈 DAILY MARKET UPDATE
📅 Date – 26 August 2026
1️⃣ VERY IMPORTANT NEWS
• 🛢 Brent Crude falls sharply to ~$86, from above $94 recently — major positive for India’s inflation, rupee and macro outlook.
• 🇺🇸 US markets closed positive: Nasdaq +0.66%, Dow +0.3%, S&P 500 +0.3%; US 10Y yield fell to 4.625%.
• 🇮🇳 FII + DII both remained net buyers for the second consecutive day; FII ₹1,600 Cr and DII ₹230 Cr net buying.
🌍 GLOBAL MARKET
✔️ US Markets:
• Dow Jones +0.3%
• S&P 500 +0.3%
• Nasdaq +0.66%
• US 10Y yield at 4.625%, down >7 bps.
✔️ Asia Market Update:
• Overall global setup remains supportive after positive US close and falling crude.
✔️ GIFT Nifty Signal:
• GIFT Nifty around 24,550.
• Indicates approximately 110–130 point positive opening for Nifty.
• Premium around ₹130 vs previous Indian close; premium sustainability is important.
✔️ Crude Oil:
• Brent: ~$86
• WTI: ~$81
• Sharp fall in crude is a major positive for India.
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
• Banking/Private Banks in focus.
• Semiconductor, AI and industrial investment themes positive after India-Japan discussions.
✔️ Market Sentiment / Trend:
• Mildly to Moderately Positive
• Gap-up opening likely, but first 30–60 minutes will be very important because of the monthly expiry/closing-auction effect.
💰 FII & DII DATA
✔️ FIIs:
• ₹1,600 Cr Net Buying
• However, FII index futures positioning remains heavily short, with nearly 90% of OI on the short side.
✔️ DIIs:
• ₹230 Cr Net Buying
📊 COMMODITIES UPDATE
✔️ Crude:
• Brent ~$86
• WTI ~$81
• Positive for Indian equities.
📊 OPTIONS DATA (OI BUILD-UP)
✔️ Call OI:
• Maximum Call OI: 24,500
• Next: 24,200
• Fresh Call writing: 24,500, followed by 24,600
✔️ Put OI:
• Maximum Put OI: 24,200
• Next: 24,300
• Fresh Put writing: 24,200, followed by 24,100
✔️ PCR:
• Improved from 0.83 → 1.17 after monthly expiry.
📈 NIFTY LEVELS
✔️ Trend:
• Mildly Bullish / Positive above 24,300.
• Immediate Support: 24,200
• Major Support: 24,000
• Immediate Resistance: 24,500
• Strong Resistance: 24,600
📌 Above 24,500–24,600 → bullish momentum can strengthen.
📌 Below 24,300 → consolidation/weakness possible.
📉 BANK NIFTY LEVELS
✔️ Trend:
• Mildly Bullish but below 20-DMA
• Immediate Support: 57,100–57,000
• Major Support: 56,500
• Immediate Resistance: 58,000
• Strong Resistance: 58,300–58,500
📌 Bank Nifty closed around 57,510 and remains above its 50-DMA.
📊 STOCKS / SECTORS IN NEWS
• 🏦 ICICI Bank – Goldman Sachs preferred pick among stronger large private banks; ADR gained ~2.5%.
• 🏦 Axis Bank – Goldman Sachs second preference; Bernstein also has Outperform rating.
• 💻 Infosys – ADR gained ~2–2.5%, indicating positive arbitrage.
• 🇮🇳 Semiconductor / AI / Industrial themes – India-Japan discussions on deeper cooperation.
📊 STOCK SETUPS TO WATCH
• ICICI Bank – Positive ADR + brokerage support.
• Infosys – Strong ADR indication.
• Axis Bank – Positive brokerage view + banking momentum.
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range: 24,200 – 24,600
✔️ Bank Nifty Range: 57,000 – 58,000
📅 IMPORTANT DATA / EVENTS TODAY
• 🇺🇸 US July PCE Inflation – important for Fed expectations.
• 🇺🇸 US Durable Goods Orders + Crude Oil Inventories – after Indian market close.
🎯 INTRADAY TRADING VIEW
👉 Positive/GAP-UP bias, but avoid chasing the opening move.
Key levels:
• Above 24,500 → bullish breakout possibility toward 24,600+
• 24,300–24,500 → range/consolidation zone
• Below 24,300 → weakness can increase toward 24,200 / 24,000
📌 First 30–60 minutes are critical because yesterday's Nifty closing strength was partly boosted by the new closing-auction mechanism.
📌 QUICK SUMMARY
• 🟢 Overall Bias: Mildly–Moderately Bullish
• 🛢 Crude ~$86 + stronger rupee + positive US markets = major positives for India
• ⚠️ 24,500 is the key Nifty resistance; 24,200 is the key support.