1 Nifty’s crucial resistance at 22,650 – Nifty remains weak below 22,650, with downside potential to 22,000-21,950. A break above 22,850 is needed for an uptrend toward 23,100
2 Nifty Bank stuck in 47,700-49,000 range – A breakout from this range will determine the next move. A fall below 47,700 may trigger a drop to 46,600, while a rise above 49,000 could lead to 50,200
3 Sensex key support at 72,600 – Holding above this level may keep it range-bound between 72,600-75,100. A break below 71,800 could drag it lower to 71,000, while a breakout above 75,100 opens the path to 76,500
4 FPIs continue to sell, dampening sentiment – While outflows have slowed, sustained FPI buying is necessary to support a market recovery
5 Dow Jones confirms a bearish double-top pattern – Resistance at 42,000-42,100, with a downside target of 40,000 and potentially 39,000-38,500, indicating further weakness in global markets
6 Rupee technicals – Rupee has to break the resistance at 86.75 to move up to 86.50-86.35
7 Gold rally continues: MCX Gold futures break resistance at ₹86,500, eyeing ₹90,000; support at ₹86,500 and ₹84,200
8 Silver holds strong above ₹1,00,000: Bullish trend intact with resistance at ₹1,04,000; key support at ₹98,000
9 Crude oil consolidates: Brent crude stuck between $69-$70.70; MCX futures range-bound with bearish bias below ₹6,100
