IGI Logo

Published on 03-02-2026 12:03 pm

Market Outlook

The Nifty index witnessed a relief rally, gaining 1.06% after the budget-driven decline in the previous session. However, the index continues to trade below its key long-term moving average, the 200-DEMA, indicating sustained weakness in market sentiment. On the derivatives front, next week’s expiry data shows significant call writing at the 25,200 and 25,500 strikes, highlighting immediate and strong upside hurdles, respectively. On the downside, the 24,600 level has emerged as a crucial support zone. On the daily chart, failure to sustain above the 25,150 zone may intensify selling pressure and could lead to a resumption of the downward trend.

Click Here :- https://tinyurl.com/5n7y6j7p

Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330

Published on 03-02-2026 12:01 pm

* Nifty remained volatile but managed to recover a part of the steep Budget-day losses, ending nearly a percent higher.

* Following the sharp sell-off in the previous session that dragged the Nifty below the 25,000 mark, the market opened with cautious optimism but struggled to sustain early gains.

* On the upside, the long-term moving average, the 200 DEMA around 25,150, remains a key resistance.

* Given the mixed signals and elevated volatility, participants are advised to maintain a selective, stock-specific approach and focus on disciplined, risk-managed trades.

Click Here :- https://tinyurl.com/2njyated

Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330

Published on 03-02-2026 11:20 am

Securities in Ban for F&O Trade : SAMMAANCAP ,Sector Performance: NIFTY AUTO index grew by 2.13% driven by Tata Motors Passenger Vehicles Ltd. (+5.3%) and Bharat Forge Ltd. (+4.8%) NIFTY FMCG index grew by 1.16% driven by Tata Consumer Products Ltd. (+3.5%) and Britannia Industries Ltd. (+2.28%) NIFTY IT index declined by -0.47% driven by Infosys Ltd. (-1.5%) and LTIMindtree Ltd. (-1.52%) NIFTY METAL index grew by 1.88% driven by Hindustan Zinc Ltd. (+7%) and National Aluminium Company Ltd. (+4.38%) NIFTY OIL & GAS index grew by 2.04% driven by Hindustan Petroleum Corporation Ltd. (+5.1%) and Reliance Industries Ltd. (+3.22%) NIFTY PSU BANK index grew by 0.87% driven by Canara Bank (+3.8%) and Bank Of Maharashtra (+1.52%) NIFTY PRIVATE BANK index declined by 0% driven by Axis Bank Ltd. (- 2.2%) and The Federal Bank Ltd. (-2.16%) NIFTY REALTY index grew by 1.61% driven by Anant Raj Ltd. (+5.1%) and Lodha Developers Ltd. (+4.77%) NIFTY CONSUMER DURABLES index grew by 0.48% driven by Century Plyboards (India) Ltd. (+6.6%) and PG Electroplast Ltd. (+3.93%) NIFTY CHEMICALS Index grew by 0.69% driven by UPL Ltd. (+5.1%) and Himadri Speciality Chemical Ltd. (+3.34%)

Click Here :- https://tinyurl.com/muvscxwe

SMS subject to Disclosures and Disclaimer goo.gl/8bCMyQSEBI Registration No.: INH000001634

Published on 03-02-2026 11:20 am

Index Options Data Analysis: Sensex max call OI is at 82500 max put OI is at 81000 with PCR of 0.9 Nifty max call OI is at 25500 max put OI is at 24800 with PCR of 0.9 Bank Nifty max call OI and put OI both are at 59000 with PCR of0.83

Click Here :- https://tinyurl.com/muvscxwe

SMS subject to Disclosures and Disclaimer goo.gl/8bCMyQSEBI Registration No.: INH000001634

Published on 03-02-2026 11:19 am

Market Commentary Overnight global action: On 02^nd Feb 2026, US market delivered a positive performance with S&P500 up by +37.47 pts (0.54%), Dow Jones up by +515.19 pts (1.05%) and Nasdaq up by +186.23 pts (0.73%). Gift Nifty grew by 1027.5 pts (4.16%) indicating Indian markets will open positively. Advance-Decline ratio on NSE was 1546:1631 and on BSE was 1898:2384 which showed balance in the overall markets.

Click Here :- https://tinyurl.com/muvscxwe

SMS subject to Disclosures and Disclaimer goo.gl/8bCMyQSEBI Registration No.: INH000001634