Gift Nifty shows a slight uptick this morning. A combination of holding supports yesterday, continued build at 25000 Pe, Dollar retreat, positive hand over from global indices, etc.etc. may have something to do with it.

On Neotrader, a simple exercise using the proprietary scoring in our Ichimoku indicator showed that the bulls were scoring rather well against the bears. The last few days of decline have seen a slight erosion in that dominance, no doubt, but this has only led to bullish loss of strength but not accompanied by any increase in bearish scores! That shows clearly that this is a pullback only and hence, no fear of any big declines.
Big news for the market is that Jane Street has been allowed back into trading. We see short covering in indices. Are the two related? Maybe.
The Nifty is still caught in the recent range but the continued build of short Puts at 25000 strike indicates the confidence that this area will be respected ahead. We have discussed the levels earlier and they remain the same.
Looking at option premiums, they seem to be normal (i.e. not expensive) and hence shorters would have to gain from price action and less from theta gains. Sensex expiry today and traders may be busy there. If the premia there drop within the first hour, then stilted moves may occur across the day. However, if the premia sustain into 2pm, then expect action in the last hour. Remember also that Jane Street, last hour mover, is back in the market!
Two broking stocks- Nuvama and Bse- would be a direct beneficiary of JS making a comeback! But opinions are divided on this move to allow them back. Personally, I feel this was stupid- the exchanges caved in as volumes dropped and turnover declined and business was hit. They just sold out.

Eternal rallied on business plans rather than drop on falling profits. Swiggy was also up. So, all well with the food delivery world. Today is results for Paytim. Stock on the verge of staging stage 2 breakout on charts with a possibility of swift move above if this breakout is successful. So the results will be very important to decide the moves. Keep track.
M&M moves to all time high and crosses the large call short strike at 3200. We should see some acceleration in it now. Worth a punt on the long side.
Cement sector results are rolling out good and today is Dalmia Bharat whose chart is good for continuation of advances if numbers are decent.
Dixon results today and stock is just under the last of the Gann angle resistance. Momentum is high currently, so good results could send the prices above the resistance. So a stock to track for the day