Riya Sehgal, Research Analyst, Delta Exchange

Bitcoin is consolidating near $65,200 after facing repeated supply around $66,500-$67,000. Its 4-hour structure remains moderately bullish, with price trading above the major moving averages. However, fading momentum below resistance suggests that buyers may require a fresh catalyst. A decisive 4-hour close above $67,000-$67,200 could open the path toward $68,000-$68,500, while $65,000 is the immediate support, followed by the stronger $64,200-$64,700 demand zone. A breakdown below this region could expose $62,500-$63,000.

Ethereum is outperforming near $1,940, reflecting improving risk appetite across the broader crypto market, while ETF participation and reduced long-term-holder selling remain constructive. I

n commodities, gold is stabilising near $4,050, with $4,000 as key support and $4,100-$4,150 as resistance. Silver is holding above $55 but remains sensitive to yields and the dollar.

Global financial markets are entering a high-risk event week, with the Federal Reserve decision, major technology earnings and geopolitical developments likely to drive volatility across asset classes. Easing US-Iran tensions have softened oil prices and supported equity futures, but elevated Treasury yields and persistent inflation concerns remain important constraints. Wall Street sentiment has also turned cautious after Tesla and Alphabet highlighted heavy investment spending and weaker free-cash-flow trends, intensifying scrutiny of returns from the AI capital-expenditure cycle. Overall, Fed communication, technology-sector guidance and macro liquidity are likely to determine the next directional move.

Gaurav Udani, Founder - ThinCredBlu Securities Pvt. Ltd

"Nifty is expected to open higher around 23,900, up nearly 120 points, indicating a positive start supported by improved global cues and easing market sentiment.

The recovery could help the index move back towards key resistance levels, but traders should watch whether the gains are sustained after the opening.

Technically, 23,700-23,750 will act as the immediate support zone, while 24,000-24,100 remains the key resistance range. A decisive move above resistance could trigger fresh buying and improve the short-term outlook.

Despite the positive opening, markets remain sensitive to global developments, and volatility cannot be ruled out.

Traders should avoid chasing the gap-up opening and instead wait for confirmation above key resistance levels. A buy on dips approach remains preferable as long as Nifty holds above its immediate support zone."

Nischal Shetty, founder, WazirX

"Crypto markets began the week on a steady footing, with Bitcoin trading around $65,100 and Ethereum hovering near $1,944, reflecting cautious optimism despite persistent macroeconomic uncertainty. Trading activity remains measured as investors assess global monetary policy signals, while institutional participation continues to provide underlying support. Bitcoin's ability to hold key price levels suggests long-term conviction remains intact.

Beyond price action, regulatory clarity is gradually improving across major markets, tokenization initiatives are gaining traction, and blockchain adoption is expanding across financial services and enterprise applications. These developments reinforce the view that the current phase is driven more by infrastructure building."

BTC held above $65K despite the US-Iran conflict, supporting expectations of a relief rally if tensions ease and oil prices continue declining. Brent crude is trading near $87, with lower energy prices potentially improving sentiment across crypto and broader risk assets. Dormant Bitcoin activity also fell to its lowest level since Q3 2022, suggesting long-term holders have reduced selling. Holding above $65K keeps the near-term structure constructive, while a sustained break above $66K could open the path towards $67K-$68K. However, the Fed decision and geopolitical developments remain key drivers.

Rajesh Palviya, Head of Research, Axis Direct

The Nifty 50 ended Friday at 23,767.45, down 102.15 points or 0.43%, extending its losing streak to five consecutive sessions and recording a weekly decline of 2.33%. Investor sentiment remained under pressure after Brent crude surged above the $100-per-barrel mark amid heightened geopolitical tensions in the Middle East, triggering broad-based selling in auto, metals and energy stocks. IT and media shares provided some resilience, while the Bank Nifty outperformed marginally to close at 56,693.50. Global cues were mixed, with the Dow Jones advancing 0.46% on strength in Apple, while the Nasdaq slipped 0.64% as weakness in semiconductor stocks, led by Intel, weighed on technology counters.

Market sentiment has improved meaningfully over the weekend after the US and Iran paused military action, easing fears of an immediate supply disruption. Brent crude has corrected sharply by more than 9% to around $88 per barrel, offering a significant tailwind for India through lower inflation expectations, an improved current account outlook and reduced pressure on the rupee. Despite weakness across Asian markets, firm US index futures and a strong rebound in Nasdaq futures have lifted risk appetite, with GIFT Nifty indicating a positive opening of around 100-110 points.

Technically, the near-term outlook has turned cautiously constructive, although the Nifty still needs to reclaim the 24,000 mark to signal a meaningful recovery. As long as the index remains below this level, volatility is likely to persist. Immediate support is placed at 23,650, followed by 23,450, while a sustained move above 24,000 could trigger a pullback towards 24,200-24,300. Going forward, crude oil prices and geopolitical developments will remain the key variables, with sustained softness in oil likely to improve market sentiment further.

Industry players believe the latest guidance is an important milestone, even though it does not introduce new taxes or regulate crypto assets. Read full report here

At the close on Friday, the total market cap of all BSE Sensex companies stood at Rs 4,75,69,475.