Crude oil remains highly sensitive to geopolitical headlines. Any delay in the US-Iran agreement or uncertainty over the Strait of Hormuz can keep prices firm.
Gift Nifty remained under pressure near the 23,700 zone, indicating a mildly negative opening for Indian markets today as rising crude oil prices and persistent Middle East uncertainty weigh on sentiment.
Nifty closed at 23,547.75 and continues to trade under a bearish short, medium and long-term trend structure despite signs of stabilization emerging near recent lows.
Hindalco closed at Rs. 1126.70 after witnessing mild profit booking from higher levels. Despite the recent decline, the broader structure remains firmly bullish
Bank Nifty remains trapped inside a broad consolidation phase after witnessing a sharp correction from higher levels.
The index is currently attempting to stabilize near important support zones,
Reliance closed at Rs. 1321.20 after witnessing persistent selling pressure and continues to trade in a bearish short, medium and long-term trend structure.
SBI closed at Rs. 964.40 and continues to trade under short-term pressure despite maintaining a bullish medium and long-term trend structure.
Current USD/INR is trading near 95.16 with the chart showing consolidation after a strong rally toward 97.00. The option chain indicates that traders are aggressively positioning around the 95.00–95.50 range,
