📉 Market Snapshot
🔹 NIFTY opened at 21,743, under pressure due to global cues, U.S. tariff concerns volatility.
🔹 Strong DII buying helped markets rebound, with NIFTY closing higher at 22,161, above the crucial 21,800 level.
🔹 Asian markets also traded weak early in the day, contributing to a cautious start.
🔻 Downside Levels (Support)
🔹 21,800 – A break and close below this level may open room for further downside pressure.
🔹 21,544 – Near-term support; if this fails, expect a deeper fall.
🔹 21,212 – Strong support zone; break here could trigger a major correction.
📈 Upside Levels (Resistance)
🔹 22,580 – First resistance; a sustain above 22366 level signals potential recovery.
🔹 22,800 – Crucial make-or-break level; could define the next directional move.
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📊 Open Interest (03 APR Expiry)
🔹 21,800 CE: 6.57L | PE: 36.30L
🔹 22,000 CE: 51.44L | PE: 80.89L
🔹 22,200 CE: 26.96L | PE: 25.15L
🔹 22,500 CE: 45.23L | PE: 23.25L
Key Insights from Open Interest Data:
- 21,800 has strong support – More puts than calls.
- 22,000 & 22,500 have strong resistance – Heavy call positions.
- 22,200 is neutral – Could go either way.
- Put writers are active – Buyers are defending lower levels.
- Upside capped unless NIFTY breaks 22,500.
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FII & DII Activity
- FII Cash Market*: -9,040.01
- DII Cash Market*: +12,122.45
- FII Index Futures: -3,334.87
- FII Index Options: +14,633.22
- FII Stock Futures: +1,860.87
- FII Stock Options: +6,182.94
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NSE F&O Ban
- BSOFT
- HINDCOPPER
- MANAPPURAM
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🔔 Conclusion:
Markets remain sensitive to global & political cues, with support from DIIs balancing out FII selling pressure. Watch 21,800 on the downside and 22,580–22,800 on the upside for short-term trend direction.
