NIFTY 50

The report states Nifty futures gained 0.80%, marking a fifth consecutive session of short covering with bullish PCR positioning and declining implied volatility, with resistance seen at 24370-24400 and support at 24230-24200.

The report says Nifty Futures rallied for a fourth straight session with call writers unwinding and fresh buying interest, keeping the derivatives setup constructive.

The report says Nifty futures broke out of consolidation with short covering, improved PCR to 1.44, and a drop in India VIX, keeping near-term bias positive with resistance at 23080-23100 and support at 22830-22800.

The report says Nifty gained 1.05% and may extend its recovery towards the 50-SMA, maintaining a bullish trading view with a stop-loss at 22,800.

The report says Nifty formed a Doji and continues a negative bias, nearing a 22,500-22,600 demand zone, with strategy to avoid aggressive long positions.

The report notes Nifty Futures fell 0.66% with long unwinding, rising India VIX and falling PCR, suggesting a resumption of the downtrend, with support at 22630-22650 and resistance at 22960-22980.

The report states Nifty Futures closed 0.82% lower with fresh short build-up and elevated implied volatility, indicating a lack of directional conviction.

The report says Nifty Futures extended selling pressure for a second session, closing 1.50% lower with fresh short build-up and a bearish Put-Call Ratio, and may extend decline towards 22100 with support near 21950.

The report says Nifty gained 53 points to close at 23,270.60, faces resistance near 23,483 and 23,600, and advises using rallies towards 23,500-23,600 to reduce long exposure while maintaining a cautious stance.