Sensex, Nifty, Share Prices LIVE: Indian equity markets are likely to open on a mildly positive note on Tuesday, supported by favourable technical cues. Gift Nifty trading around 25,915 indicates an opening gain of about 50 points for the Nifty50. The index has rebounded sharply from intraday lows, suggesting buying interest near support zones.

Technical analysts see immediate support around the 25,700–25,750 range, while resistance is placed near 26,000, where call writing remains heavy.

Derivatives data point to a range-bound bias, with aggressive call additions at at-the-money and nearby strikes capping near-term upside. Put writers have also built positions at lower strikes, indicating expectations of limited downside.

The Put-Call Ratio has risen to 0.87 from 0.48, reflecting increased hedging and cautious positioning. Broader market valuations remain elevated, though the recent consolidation has reduced overbought conditions.

Overall, the technical setup suggests consolidation with selective buying, rather than a directional breakout.