Trade Setup for Tomorrow (India Markets)
Market View
Overall sentiment remains positive but cautious. The market may open flat to mildly positive, followed by selective buying. Volatility could remain low in the first half and increase post-midday.
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Index Levels to Watch
Nifty 50
- Trend: Mild bullish / consolidation
- Support: 26,050 – 26,150
- Resistance: 26,550 – 26,600
Trade Idea:
- Buy on dips near support with strict stop-loss
- Fresh momentum only if it sustains above resistance
Bank Nifty
- Trend: Range-bound with positive bias
- Support: 59,400 – 59,500
- Resistance: 60,000 – 60,500
Trade Idea:
- Long positions near support zones
- Aggressive buying only above 60,000 with volume
Sensex
- Trend: Sideways to bullish
- Support: 85,200 – 85,300
- Resistance: 86,200 – 86,300
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Sector Watch
- Positive: Banking, PSU stocks, selective metals
- Neutral: IT, FMCG
- Cautious: Mid-caps with weak volumes
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Intraday Strategy
- Avoid heavy positions at market open
- Prefer pullback buying instead of breakout chasing
- Keep tight stop-losses due to low volumes
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Risk Factors
- Low liquidity can cause sudden spikes
- Watch global cues and FII activity during the session
