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Published on 09-01-2026 03:31 pm

PICK OF THE WEEK (POW) UPDATE: CASH BUY BLACKBUCK SL TRIGGER AT CMP 659.80 - Jainam Broking Limited.

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Published on 09-01-2026 02:52 pm

UPDATE BASIC/STBT - BOOK PROFITS OF 0.7%  IN JINDALSTEL FUT @1006.9 SHORT OF 1014 

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Published on 09-01-2026 02:07 pm

UPDATE OPT MANI/OC - 1ST TGT ACHIEVED IN  NIFTY 25800 PE 13 JAN 2026 @155 LONG OF 127  ,BOOK PROFITS OF 22% 

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Published on 09-01-2026 02:07 pm

OPT MANI/OC - BUY  NIFTY 25800 PE 13 JAN 2026 @ 127  TGT1 155  TGT2 170  SL 102  (Exp Retn 34%   Reco Lot 1) 

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Published on 09-01-2026 02:05 pm

GEPL DATA POINTS: As highlighted in our earlier update, the NIFTY continued to exhibit a bearish bias and successfully respected its key support level of 25,750. The index tested lower levels, making an intraday low of 25,735, before witnessing a technical bounce from this support zone.
From the derivative data perspective, the bearish undertone remains intact, as short build-up continues in NIFTY Futures and Call options, while Put options are witnessing long build-up. This positioning reflects cautious sentiment among participants, with traders still hedging against downside risks. However, the Put–Call Ratio (PCR) has now declined to 0.54, which falls into the oversold territory. This low PCR reading suggests that selling pressure may be getting exhausted, thereby increasing the probability of a near-term pullback or bounce from the current levels.
On the options front, the highest Call Open Interest is currently concentrated at the 25,900 and 26,000 strikes, with approximately 3.02 lakh and 3.56 lakh contracts, respectively. Persistent Call writing at these strikes highlights strong supply at higher levels, firmly establishing the 25,900–26,000 zone as a major resistance band, where sellers are actively defending the upside.
Meanwhile, on the downside, the maximum Put Open Interest is seen at the 25,700 strike, with around 2.11 lakh contracts. This accumulation of Put positions suggests that traders are attempting to build a support base around this level, making 25,700 an immediate and crucial support for the index.
Based on the current technical and derivative structure, immediate resistance for the NIFTY is placed in the 25,900–25,955 range, while the support zone lies between 25,700–25,655. The index is likely to trade within a broader intraday range of 25,655–25,955. A decisive breakout or breakdown beyond this range, accompanied by fresh derivative activity, will be required to confirm the next directional move in the market.

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