Nifty, Sensex Today: Range-bound or breakout? Anil Singhvi answers | Editor's Take

Nifty, Sensex Today: Indian markets are likely to open higher on Monday. Global cues are supportive. But caution remains due to US-Iran tensions.

Anil Singhvi said the market tone is positive. But volatility may stay high. He said crude oil and FII flows will decide the next move.

GIFT Nifty

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GIFT Nifty signals a strong start. It was trading near 24,476. This is about 108 points above the previous Nifty futures close.

Asian markets opened in the green. Japan’s Nikkei and South Korea’s Kospi gained around 1 per cent. This shows stable global sentiment.

Previous session: Strong close gives support

On Friday, markets ended higher. The Sensex rose 504.86 points. It closed at 78,493.54.

The Nifty 50 gained 156.80 points. It closed at 24,353.55.

The close above 24,300 is important. It improves the short-term trend. It gives confidence to bulls.

Geopolitics: US-Iran tensions rise again

Tensions between the US and Iran have increased. Iran has refused to join the next round of talks.

Over the weekend, the situation worsened. Reports said the US acted against an Iranian vessel in the Strait of Hormuz. Both sides gave strong statements.

There were also reports of firing on Indian ships. This has raised concerns.

The Strait of Hormuz is important for oil supply. Any issue here can push crude prices higher. This is a key risk for markets.

Anil Singhvi’s view: Key questions for traders

Anil Singhvi listed key questions:

• Will ceasefire talks improve the situation?
• Can crude oil cross $100?
• Will FII buying continue?
• Will markets stay volatile?
• How much support will come from US markets?

He said Nifty faces resistance at 24,450–24,550. Bank Nifty may face resistance at 57,150–57,300.

Positive triggers: What is supporting markets

There are several positives. Banking results have been good.

FIIs have bought shares for three straight sessions. This supports liquidity.

The rupee has strengthened. India VIX has fallen. This shows lower fear.

Mid-cap and small-cap stocks are doing well.

US markets are at record highs. Asian markets are also strong. There are signs that US-Iran talks may restart.

Negative factors: What is worrying investors

Some risks remain. There is confusion over the Strait of Hormuz.

US leadership has given aggressive statements. This increases volatility.

DIIs have been selling for three sessions.

Markets are also showing a pattern. One day up, one day down. This shows lack of clear direction.

Key triggers to watch

Crude oil is the most important trigger. If it stays below $90, markets may stay strong. If it crosses $100, markets may correct.

FII flows will be important. Continued buying will support markets.

Geopolitical news will also matter. Ceasefire updates and US statements will guide sentiment.

Outlook: Positive but volatile

The market trend is positive. But risks remain high.

Volatility may continue. Traders should stay cautious.

The next move will depend on crude oil, global cues, and news flow.