📈 DAILY MARKET UPDATE
📅 Date – 21 August 2026
1️⃣ VERY IMPORTANT NEWS
• US markets declined sharply — Dow -1.32%, Nasdaq -1.00%, S&P 500 -0.87%.
• Nifty recovered strongly by 154 points to 24,232, but formed a Doji candle, indicating a tug-of-war between buyers and sellers.
• FII cash selling stood at ₹583 crore, while Nifty futures showed Long Build-up. India VIX declined 5% to 10.76, indicating cooling volatility.
🌍 GLOBAL MARKET
✔️ US Markets:
• Dow -1.32%
• Nasdaq -1.00%
• S&P 500 -0.87%
• Higher US Treasury yields remain a concern for the ongoing bull market.
✔️ Asia Market Update:
• Nikkei -0.8%
• Topix -0.4%
• Kospi +0.4% after a lower opening
• Small-cap Kosdaq -3.2%
• ASX 200 -0.2%
✔️ Gift Nifty Signal:
• Flat opening indicated.
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
• Broad-based recovery was seen in the previous session.
• Overall momentum remains positive, but global weakness can create pressure at higher levels.
✔️ Market Sentiment / Trend:
• Cautiously Bullish
• Nifty remains above the 50-Day EMA, keeping the near-term trend constructive.
• Doji formation indicates indecision.
✔️ Volatility (India VIX):
• 10.76 — down 5%
• Volatility has cooled significantly.
💰 FII & DII DATA
✔️ FIIs:
• Cash market selling: ₹583 crore
• Monthly net inflow: ₹21,881 crore
• FII Long/Short ratio declined to 0.10 from 0.11.
📊 OPTIONS DATA (OI BUILD-UP)
✔️ Call OI:
• Call profit booking around 24,600.
• Call positions added around 24,600.
• Call positions unwound around 24,100.
✔️ Put OI:
• Put writing seen around 24,200.
• Put positions unwound around 24,500.
✔️ PCR:
• Nifty PCR increased sharply from 0.81 → 1.12.
• Bank Nifty PCR increased from 0.82 → 0.93.
• Overall options positioning turned Put-skewed / moderately bullish.
📈 NIFTY LEVELS
✔️ Trend:
• Cautiously Bullish / Positive above 24,185
• Immediate Support: 24,185
• Major Support: 24,000
• Immediate Resistance: 24,265
• Strong Resistance: 24,350 → 24,500
📌 Above 24,265: Upside can extend towards 24,350, followed by 24,500.
📌 Below 24,185: Profit booking can emerge towards 24,000.
📉 BANK NIFTY LEVELS
✔️ Trend:
• Positive with short-covering support
📌 Bank Nifty futures gained 289 points on short covering.
📌 Open Interest declined around 1% to 23.8 lakh shares, supporting the short-covering interpretation.
📊 STOCKS / SECTORS IN NEWS
• Broad-based Indian market recovery was seen in the previous session.
• Financial/Banking stocks: Bank Nifty showed strong short covering.
• Global financial/market sentiment: Higher US Treasury yields remain a key risk factor.
📊 STOCK SETUPS TO WATCH
• Stocks showing relative strength despite weak global cues.
• Banking stocks showing continuation of short covering.
• Stocks maintaining price above key moving averages with strong volume.
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range: 24,000 – 24,350
Extended upside: 24,500
📅 IMPORTANT DATA / EVENTS TODAY
• Monitor US Treasury yields and global market reaction.
• Watch Nifty's reaction around 24,265 and 24,185 trigger levels.
🎯 INTRADAY TRADING VIEW
👉 24,265 is the key upside trigger.
• Above 24,265 → Bullish momentum → 24,350 → 24,500
• Below 24,185 → Profit booking → 24,000
• Between 24,185–24,265 → Avoid aggressive trades; wait for breakout/breakdown confirmation.
📌 QUICK SUMMARY
• Nifty trend: Cautiously Bullish above 24,185.
• Bullish trigger: 24,265 → 24,350 → 24,500.
• Bearish trigger: 24,185 → 24,000.
• India VIX: 10.76, down 5% — volatility cooling.
• Nifty PCR: 1.12 — positive options positioning.
• FII: ₹583 cr cash selling, but Nifty futures showed long build-up.
• Key risk: Weak US markets and higher Treasury yields.