Markets Fall After Govt. Press Briefing — VIX Rises, Short Buildup

Good morning, all 

Nifty closed at 24263 (–0.58%)
Bank Nifty closed at 54361 (–0.45%)

As anticipated in yesterday’s note, the markets were simply waiting for a trigger.
The moment the Indian government held a press conference, both indices started to slide, clearly reflecting increasing geo-political risk.

With the India-border tensions potentially escalating, market participants are moving away from directional bullish bets.
This is no longer a chart-driven market — the VIX is rising, and caution is the need of the hour.

NIFTY ANALYSIS

Nifty held above 24400 in early trade, but gave up those gains once the press briefing began.
Traders are turning defensive, and OI data shows short buildup returning.

OI & PCR Data:

Image from Sensibull

• PCR: 1.03 around ATM, 1.0 overall → Will shift as day progresses

• OI in Nifty Futures: Up by 1.13% → Short Buildup

• Support: 24000

• Resistance: 24350–24400

View: Bearish Bias
With short positions rising and volatility climbing, the outlook is weak.
Escalation at the border could lead to deeper correction.

BANK NIFTY ANALYSIS

Bank Nifty didn’t drop as sharply as Nifty, but the internal structure remains weak.
OI data confirms that bears are building fresh positions here too.

OI Data:

• OI in Bank Nifty Futures: Up by 1.34% → Short Buildup

• Support: 54000

• Resistance: 55000

📌 View: Bearish
No signs of recovery or bottoming out. A breakdown below 54000 may trigger further selling.

FINAL THOUGHT

Yesterday’s view proved accurate — direction emerged, and it’s downward
Geo-political events are in the driver’s seat now
VIX is rising, OI setups are bearish — stay cautious
Avoid over-trading or taking large positions till clarity returns