Daily Morning Report – 6/10/2026

Date 06.10.2026

Technical Summary Nifty

As discussed yesterday market behavior remained on the expected lines during the day, as supportive buying advances the nifty up to 22620, slide from there and gave closing of 22555.75

Further a doji kind of candle appeared on daily chart of nifty suggest indecision about the nifty direction. Nifty close above the day open and previous close favor the bulls. Hence if bull will take control of nifty then on decisively breakout of 22617 it may rally up to 22677 to 22738. If more demand will accentuate then it may have chances to test 22800.

Furthermore underway trend is bearish, and this candle also indicts that bears were restricted the buyers at high. Hence if bear will re strike then on decisively breakdown of 22495 nifty may slide up to 22433 to 22373. If more supply will accentuate then it may have chances to test 22312.

Bank nifty:

• BANK NIFTY: Close 54,714.10, up 35 points (+0.48%). Relative resilience remains positive.
• Immediate Support: 54,450–54,260.
• Major Support: 54,000–53,800.
• Immediate Resistance: 54,900–55,150.
• Major Resistance: 55,500–55,800, followed by 56,000.
• Bias: Positive above 54,350; sustained move above 55,200 is required for stronger

Open Interest Analysis:

NIFTY: For the 06 October expiry, total Call OI was approximately 19.74 crore versus Put OI of 17.65 crore, with PCR at 0.89. Highest Call OI was at 23,000 and highest Put OI at 21,500. Max pain was 22,550. The 22,550 ATM straddle indicated an implied move of about ±0.7%, approximately 22,392–22,716. This points to a balanced but cautious setup around 22,500–22,600, with 23,000 as important overhead resistance.

BANK NIFTY: For the 27 October expiry, total Call OI was about 1.42 crore versus Put OI of 1.24 crore, with PCR near 0.87. Call OI remains higher than Put OI, indicating neutral-to-cautious positioning. The 54,000–54,500 area is important support, while 55,000–55,500 remains the immediate supply zone.

3.  Pivot Levels:

Classic pivot levels calculated from Friday, 05 October 2026 OHLC data.

4.  FII / DII Activity:

 FII: a net sale of ₹4699.14

• DII: a net purchase of ₹5181.62
• FII selling remained a headwind, while DII buying provided a meaningful Continued foreign outflows remain a key risk for any sustained recovery.

5.  International Cues:

• S. equities closed higher on 05 October: S&P 500 about +0.7%, Nasdaq Composite about +1%, and Dow about +0.18%.
• S. 10-year Treasury yield remained elevated near 5.31%; high global yields remain a headwind for emerging markets.
• Brent crude remained volatile around $100–103/bbl. Lower crude helped sentiment, but elevated oil remains a risk for India.
• Rupee closed near ₹96.29/USD; a strong dollar and capital outflows continue to pressure the
• Softer S. jobs data reduced expectations of an aggressive Fed hike, supporting near-term risk sentiment.
• Markets are focused on the RBI policy decision expected Wednesday; policy guidance may influence the rupee, bonds and rate-sensitive equities.
• Overall: cautiously supportive near term, but elevated yields, crude volatility, a strong dollar and FII selling remain important risks.

Overall View:

The bias is a cautious bounce within a range. The likely range is 22,400–22,750 for Nifty and 54,300–55,200 for Bank Nifty. Because of expiry, expect fast two-way moves around 22,500–22,600. The index will hold the bounce above 22,500 and 22,397 but struggle to extend it without FII support. Keep position sizes small, use strict stop-losses and avoid chasing expiry-day premiums.