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Published on 09-03-2026 10:00 am

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Nifty weekly contract has the highest open interest at 25500 CE and 23500 PE while monthly contracts have the highest open interest at 25500 CE and 24000 PE. The highest OI addition was seen at 25000 CE and 23300 PE in weekly and at 25000 CE and 24600 PE in monthly contracts. FIIs decreased their future index long holdings by 9.36%, increased future index shorts by 4.77% and in index options, 18.77% increase in Call longs, 10.39% increase in Call short, 23.37% increase in Put longs and 0.01% increase in Put shorts.

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Published on 09-03-2026 09:59 am

Nifty Outlook

A plunge to 23535 is awaited that would complete a 61.8 retracement of the upmove since March 2025. Breach of the same should see multi leg downsides initially aiming the March 2025 low near 22000 and November 2023 low near 19000. Near term upside prospects depend on the ability to float above 24000.

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Published on 09-03-2026 09:53 am

BANKNIFTY

* The banking index experienced significant selling pressure, closing in negative territory for the second consecutive week and approaching the 200- DEMA.

* The index opened with a gap down on Friday, with persistent selling throughout the session, indicating sustained weakness.

* Broad-based profit booking led to declines across banking constituents, with losses primarily driven by ICICI Bank and PNB.

* Immediate resistance is positioned near 58,700, while key support is observed around 57,000.

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Published on 09-03-2026 09:53 am

NIFTY

* Nifty traded under pressure on Friday, giving up part of the previous session’s gains amid cautious global sentiment and profit booking in select heavyweights.

* However, selling pressure in select heavyweights during the final hour pushed the index sharply lower, and it eventually closed near the day’s low at around the 24,450 level.

* A break below the recent swing low of 24,300 could quickly drag the index toward the 24,000 level.

* Given the current setup, we maintain a cautious stance and recommend staying selective while focusing on strict risk management until the market stabilizes.

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Published on 09-03-2026 09:51 am

Global Debt Market:

The 10-year Treasury yield slipped on Friday, though its loss was contained as investors assessed the likely inflation impact resulting from higher crude oil prices tied to the war in the Middle East. The benchmark 10-year Treasury yield fell less than 1 basis point to 4.138%. The 2-year Treasury yield was down more than 4 basis points at 3.554%. The spread between the 2-year and the 10-year Treasury widened to more than 58 basis points, which might reflect higher expectations of future inflation. The move higher in Treasury yields came after U.S. West Texas Intermediate topped $90 a barrel on the seventh day of the Iran war as President Donald Trump demanded an unconditional surrender from the Islamic Republic. Global oil benchmark Brent crude broke above $92 a barrel. “Obviously the higher energy price is going to push up headline CPI inflation mechanically,” Atakan Bakiskan, chief U.S. economist at Berenberg, told CNBC’s “Squawk Box Europe” on Friday. The average price for a gallon of regular gasoline in the U.S. on Thursday had jumped nearly 27 cents from the week before, to $3.25, according to data from travel organization AAA. Fixed-income investors looked past a surprise decline in February payrolls, with U.S. employers unexpectedly shedding 92,000 jobs in February and the unemployment rate rising to 4.4%. Economists polled by Dow Jones has expected the Bureau of Labor Statistics to say 50,000 jobs were added to the economy last month, and unemployment would be unchanged at 4.3%. “Today’s numbers may have put the Fed between a rock and a hard place,” wrote Ellen Zentner, chief economic strategist at Morgan Stanley Wealth Management. “

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.6750% to 6.69% level on Monday.

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