“A Silent Market Until 3 PM, Then an Unexpected Bull Blast”

Chapter 1: Opening Zone – Buyers Show Early Interest, But Sellers Respond

Nifty opened with a gap down of 33.45 points, but showed quick
recovery, supported by a positive delta of 433 and delta % of 28.51,
suggesting strong buyer participation in the initial moments. The
index moved upward in the first half-hour, but faced rejection near
yesterday’s high.

At 9:30 AM, a critical sign appeared — a delta divergence formed, and
the candle closed below its POC, clearly indicating seller entry. This
acted as a turning point as the market began drifting downward through
the day.

Chapter 2: Support and Resistance – Range Continues

The same open interest structure continued from the previous day:

LevelRole
25600Resistance
25400Support

This range held firm throughout the day, keeping Nifty stuck in
consolidation. Based on the option writing activity, it appears that
Thursday’s expiry is likely to settle around 25500, unless there’s a
breakout from either end.

Chapter – 3 : Strategy – A Seller’s Paradise, Until 3 PM

Once again, the lack of aggressiveness in the market made it a perfect
day for option sellers:

Short Straddle or Short Strangle at 25500 worked very well.

Theta decay took effect and sellers benefited from falling India VIX
during the day.

Traders in Sensex expiry also made money using similar strategies.

However, this calmness was shattered after 2:45 PM.

 At 2:45 PM, a sudden call option rally shocked sellers:
The 25400 CE jumped from ₹140 to ₹410 — a 192% surge in minutes.

This sudden spike after 3 PM turned many green positions into losses,
especially for those who didn’t square off in time. It’s a reminder
that expiry weeks are never truly silent, and last-hour moves can
change the entire P&L picture.

 Chapter 4: Important Observations – The Silent Build-Up

Despite being a sideways session, Cumulative Delta remained positive
throughout the day — a sign that buyers were absorbing selling
pressure silently.

And finally, they blasted through the resistance in the last hour,
trapping both call sellers and put buyers who had not exited early.

Nifty closed successfully above 25500, indicating buyers took control
late in the session.

P&F Rotation Factor was neutral until 2 PM, and then spiked sharply.

 Market Profile POC Count for both 5 and 8 July is above 10,
confirming that the fair price zone lies between 25450 and 25600 — a
key range for upcoming sessions.

Chapter 5: Sectoral Movement – Public Sector in Focus

Today saw mixed sectoral performance:

SectorPerformance

 PSU SectorGainers

 Pharma SectorLosers

While major indices (Nifty, Sensex, Bank Nifty) closed positive, the
change was less than 1%, showing lack of broad-based momentum.

Chapter 6: Major News – Textile Buzz and Global Warnings

 Domestic Highlight:

Indian Textile stocks surged up to 15% after the U.S. imposed 35%
tariffs on Bangladeshi textile exports.

This is seen as a major competitive advantage for Indian exporters.

 Global Risk:

U.S. Election Heat: Donald Trump reiterated that he will impose 10%
tariffs on any BRICS-aligned country — a statement sending tremors
through emerging markets.

The tariff deadline is set for 9 July, and could trigger volatility in
global equities, especially in Asia.

Chapter 7: Tomorrow’s View – Volatility Incoming?

All signs point to increased volatility for 9 July, as traders await:

Outcome of Trump’s BRICS tariff policy

Any surprise global economic data

Reaction of FIIs to tariff news

GIFT Nifty opening trend

Unless there’s a strong global trigger, the market may stay between
25450–25600, but any deviation from expected news could result in a
sharp breakout or breakdown.

________________________________

 Key Takeaways:

 Nifty looked silent, but ended with strong upward momentum

 Option sellers were in control until 3 PM, then trapped

 Keep an eye on 25450–25600 range as reference

 Global tariff deadline on 9 July is the next big event