📊 Ayxon Capital Research
Pre-Market Outlook · 08 Sep 2026
Ayxon Capital Research — Market Update
1. Trade Setup for Today: Nifty Seeks Direction Amidst Earnings!**
2. 📉 **Nifty 50 key support and resistance levels for TODAY's session** — Key support sits around 23,700, which is where the index might bounce back if it falls. Resistance is pegged at 24,000, where selling pressure could kick in if the index rallies.
3. 💼 **Bank Nifty setup for today** — The options market shows strong call writing at the 57,500 level, signaling traders expect Bank Nifty to struggle around this mark. With fresh put writing at 57,000, it hints at a potential floor for the index.
4. 📊 **India VIX reading right now** — The current VIX, a fear gauge capturing market volatility, is at 15.30, up 5.30%, indicating rising uncertainty among traders. A higher VIX usually means buyers are cautious while sellers may expect bigger price swings.
5. 📈 **F&O open interest data today** — Heavy call writing is observed at the 24,200 strike, suggesting sellers are actively betting against upward movements. Meanwhile, significant put writing at 23,600 indicates a solid base is expected for Nifty in the near term.
6. 🔍 **Stock 1 in focus today: TCS** — TCS, down 3.68%, is in the spotlight due to disappointing quarterly results, often leading to further investor scrutiny. Its bearish momentum might catch traders' attention for potential short-term plays.
7. ⚡ **Stock 2 in focus today: Coal India** — With a 3.91% gain, Coal India is benefitting from rising coal prices amid supply pressures, making it attractive for traders. This uptick suggests interest in energy stocks might spill into today's session.
8. 🌍 **Stock 3 in focus today: Reliance Industries** — Reliance is readying for its first local debt sale, targeting to raise $1.32 billion, potentially fueling investment sentiment. The market will keenly observe how this impacts Reliance's stock price amidst broader market volatility.
9. 📋 **Put-Call Ratio today** — Today's PCR stands at 1.25, indicating that there are more put options purchased compared to calls, suggesting a bearish sentiment among traders. A higher PCR often reflects caution, with traders hedging against potential downturns.
10. ⏱️ **Likely opening range for Nifty** — In the first 15 minutes, market dynamics usually reveal the day’s sentiment, often swayed by early trading volumes. Expect volatility as traders react to any early price movements, shaping intraday trends.
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September 8, 2026 4