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Below the Quote on Morning Market by Hemang Gor, Senior Research Analyst – Derivatives & Technical Research, Axis Direct

GIFT Nifty futures point to a resilient 45-point uptick near 25,075 Monday, tracking an Asian tech rebound. This follows Sunday’s Diwali Muhurat session, where the NIFTY slipped 0.18% (43.95 pts) to 24,986.40 on Middle East geopolitical fears. Friday featured a historic rally driven by record FII concentration in private banks, delivering a 1,900+ point weekly gain—the year's highest. Globally, Wall Street partially recovered Friday from a regulation-fuelled AI rout. The Nasdaq rose 1.09% and S&P 500 added 0.31%, though the Dow fell 0.46% capped by a firmer dollar and 4.86% US 10-year yield. Investors now brace for US inflation data and tech earnings. Asia bounced Monday: Nikkei 225 surged 3.3%, KOSPI +1.4%, and Hang Seng +0.7%. Brent crude softened near $97/bbl, easing inflation fears. The technical bias leans positive, but sustaining above 25,000 in early trades is critical to restore upside momentum for today toward 25,150 and 25,350 resistance. Support sits at 24,800 (a break risk 24,600).

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