Whalesbook
Gift Nifty indicates a robust gap-up opening for Indian equities, supported by strong gains in US and Asian markets. Favorable US economic data showing cooling inflation and demand bolsters expectations of a December rate cut. However, the derivatives market signals caution with aggressive call writing at key levels and significant open interest at the 26,000 call, acting as resistance. While the Put-Call Ratio has improved slightly, sentiment remains cautiously optimistic, awaiting a sustained close above 26,050.