📈 DAILY MARKET UPDATE
📅 Date – 22 May 2026
1️⃣ VERY IMPORTANT NEWS
• US–Iran peace agreement hopes increased after multiple Middle East media reports suggested final draft discussions are progressing through Pakistan mediation.
• Crude oil corrected sharply from above $102 to near $96–97/barrel after reports that Iran denied refusing the nuclear deal proposal.
• Markets remain highly sensitive to US–Iran developments. Any official peace agreement can trigger strong rally, while negative headlines may again spike oil prices and volatility.
🌍 GLOBAL MARKET
✔️ US Markets:
• Dow Jones +0.55%
• S&P 500 +0.17%
• Nasdaq +0.09%
• US markets closed positive as crude oil cooled and diplomatic talks improved sentiment.
✔️ Asia Market Update:
• Japan Nikkei +1.36%
• Topix +0.55%
• Australia ASX 200 +0.5%
• Asian markets trading positive on easing Middle East tension hopes.
✔️ Gift Nifty Signal:
• Gift Nifty trading around 23,670–23,700
• Indicates around 50–150 points gap-up opening.
✔️ Crude Oil:
• WTI Crude near $97.5/barrel
• Brent Crude near $104/barrel
• Oil remains highly volatile based on US–Iran updates.
✔️ Dollar Index:
• Dollar remained resilient; pressure on emerging market currencies continues.
✔️ Volatility Index (VIX US):
• US VIX fell around 3% to 16.75
• Indicates lower panic in global markets.
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
• Cement sector strong
• IT sector weak
• Financials under pressure
• Oil-sensitive sectors remain highly volatile.
✔️ Market Sentiment / Trend:
• Market sentiment cautiously positive.
• However, resistance near 23,900–24,000 remains strong.
• Traders closely watching US–Iran developments and crude oil movement.
✔️ Volatility (India VIX):
• India VIX rose 3.3% to 17.8
• Volatility still elevated.
💰 FII & DII DATA
✔️ FIIs:
• FIIs sold around ₹1,900 crore yesterday.
• FII long-short ratio remains weak near 0.12.
• Fresh short build-up seen in index futures.
✔️ DIIs:
• DIIs bought around ₹2,500 crore and supported the market.
📊 COMMODITIES UPDATE
✔️ Crude:
• Crude corrected sharply below $100 amid peace hopes.
• Volatility likely to continue.
✔️ Gold:
• Gold trading near $4540 zone.
• Resistance near $4580.
✔️ Silver:
• Silver likely to remain range-bound with global uncertainty.
📊 OPTIONS DATA (OI BUILD-UP)
✔️ Call OI:
• Highest Call OI at 24,000 strike.
• Strong Call writing at 23,800 and 24,000.
✔️ Put OI:
• Highest Put OI at 23,000 strike.
• Strong Put writing at 23,500 and 23,700.
✔️ PCR:
• PCR dropped sharply from 1.14 to 0.95
• Indicates increase in bearish positioning.
📈 NIFTY LEVELS
✔️ Trend:
• Range-bound to mildly bearish below 24,000.
• Immediate Support:
• 23,655
• 23,500
• Major Support:
• 23,400
• 23,200
• Immediate Resistance:
• 23,800
• 23,900
• Strong Resistance:
• 24,000
• 24,126
📉 BANK NIFTY LEVELS
✔️ Trend:
• Weak to range-bound.
• Immediate Support:
• 53,400
• 53,000
• Major Support:
• 52,400
• Immediate Resistance:
• 53,900
• Strong Resistance:
• 54,000
📊 STOCKS / SECTORS IN NEWS
• Life Insurance Corporation of India Q4 profit up 23%; announced 1:1 bonus issue.
• Cement sector stocks in focus after strong sectoral performance.
• IT stocks under pressure after weak global tech momentum.
📊 STOCK SETUPS TO WATCH
• LIC – Positive results and bonus announcement.
• Cement Stocks – Relative strength visible.
• IT Stocks – Weakness may continue if Nasdaq underperforms.
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range:
• 23,400 – 24,000
✔️ Bank Nifty Range:
• 52,400 – 54,000
📅 IMPORTANT DATA / EVENTS TODAY
• Germany Q1 GDP Data – 11:30 AM
• UK Retail Sales Data
• India Loan & Deposit Growth Data
• US Michigan Inflation Expectations
🎯 INTRADAY TRADING VIEW
👉 Market likely to remain highly volatile and news-driven. Sustaining above 23,900–24,000 can trigger fresh bullish momentum, while negative US–Iran headlines may again pressure markets through rising crude oil prices.
📌 QUICK SUMMARY
• Global sentiment improved due to US–Iran peace hopes.
• Crude oil corrected sharply, supporting equities.