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Today’s domestic markets are poised for a subdued opening, mirroring the performance of broader Asian counterparts. We expect Nifty to stabilize around current levels, with 22300 likely to pose as a key resistance point. Notably, the 22300 Call strike in the Nifty holds significant Open Interest (OI) of approximately 68 lakh shares, while the 22000 Put strike retains substantial OI of around 66 lakh shares.

Although the Bank Nifty initially showed strength at the start of the session, it struggled to maintain momentum at higher levels. Option data indicates that the 47000 Call strike witnessed considerable OI buildup, suggesting it could serve as an immediate resistance level. Conversely, the 46000 level is anticipated to provide support on the downside.

Investors are closely eyeing crucial US economic indicators that could significantly impact interest rate trends in the world's largest economy.

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