Dear All, Sharing the SBI Securities Daily Technical & Derivative… — SBI Securities — TG.ME

Dear All, Sharing the SBI Securities Daily Technical & Derivative Podcast Here are the key highlights from the podcast: 🌍 Global Market Pulse 🇺🇸 US markets ended largely flat ahead of the Federal Reserve’s Jackson Hole symposium. 📊 S&P 500 is consolidating in the 7,638–7,700 range, with the 20-day EMA acting as a key pivot. A breakout on either side could set the next direction. 🛢️ Brent Crude faced resistance near the 61.8% Fibonacci retracement and turned lower. Below $96–96.5, the bearish bias is likely to persist. 💵 DXY remains weak after its recent range breakdown and is trading below key moving averages. Below 99.5–99.6, the bearish trend remains intact. 💹 Nifty: Consolidation Continues 📉 Nifty declined 0.52% and formed a bearish candle, indicating a pause in the recent recovery. ↔️ The index remains between its 20-day and 50-day EMAs, while RSI and MACD point towards consolidation. 📈 ADX is rising gradually, suggesting improving trend strength. 🛡️ Support: 24,070–24,040; below 24,040, Nifty could slip towards 23,900. 🚧 Resistance: 24,340–24,360; a sustained breakout above 24,360 could open the way towards 24,500. ⚙️ Nifty Derivatives Setup 📌 24,300 has the highest Call OI, followed by 24,400. 🛡️ On the Put side, 24,100 has significant OI, followed by 24,000. 📊 OI PCR stands at 0.73. 🏦 Bank Nifty: Range-Bound Bias 📈 Bank Nifty saw early buying but profit booking at higher levels capped the upside. ↔️ The index continues to trade within a range, with a decisive breakout needed for the next directional move. 🛡️ Support: 57,300–57,200. 🚧 Resistance: 58,100–58,200; a sustained move above 58,200 could trigger a rally towards 58,600. 📉 Sensex: Sideways Trend Sensex opened higher but failed to sustain gains and closed 0.24% lower at 77,473. ↔️ The index has been consolidating in an 861-point range over the past five sessions, between its 20-day and 50-day EMAs. 📊 Flattening moving averages and a flat ADX indicate a sideways near-term trend. 🚧 Resistance: 77,900–78,000; above this, upside could extend towards 78,400 and 78,800. 🛡️ Support: 77,000–76,900. 📊 Sensex Derivatives 🔻 August Futures declined 0.13%, while Open Interest fell 8.45%, indicating short-position unwinding. 📌 77,800 has significant Call OI, followed by 78,200. 🛡️ On the Put side, 77,200 has substantial OI, followed by 76,800. 📊 OI PCR stands at 0.67. 🔑 Sectoral Sentiment 🚀 Sectors likely to outperform: Capital Market, Realty, Consumer Durables, Metal, Mid & Small IT, and Mid & Small Financial Services. ⚠️ Sectors likely to underperform: FMCG, Auto, Chemicals, and IT. Podcast Link: https://youtu.be/jL-_cKg_Jfw Regards, SBI Securities Ltd.