US President Donald Trump said there was a “very good chance” Washington and Iran could reach a deal to stop Tehran from developing a nuclear weapon, while indicating he had delayed a planned US military strike to allow talks to continue.
Trump said leaders from key U.S. allies in the Middle East had asked him to delay a planned military attack on Iran scheduled for Tuesday to allow negotiations with Tehran to continue.
Donald Trump hopeful of Iran nuclear deal after delaying strike- Daily Market Update 19th May 2026
Overview and Outlook
Global Stock Market Today
- US equity markets, barring Dow Jones, settled on a negative note.
- European equity markets ended lower in range 0.44% to 1.47%.
- Asian equity markets are trading mix.
- GIFT Nifty is up by 50 points, Nifty futures is likely to open around 23650 levels.
The benchmark Nifty index ended on a flat note after a highly volatile trading sessions where at one point it was trading over 300 points down.
Mid cap index traded inline with the benchmark, settled on a flat note; whereas, small cap index underperformed the benchmark, down over 1%.
Performance on the sectoral front was mix. Amongst them, Media, PSU Banks, Consumer Durables and Auto index were the worst performer, down in range 1.7% to 2.25%. On the other hand, IT was the best performer, rose 2.43.
Nifty index has been consolidating in a slightly upward sloping 500 points range for past five trading session with immediate supports at 23400 & resistance at 23950 spot levels. A sustainable break on either side of this range could lead it for some 500 odd points move in that direction. By the time index is trading within the mentioned range, we suggest traders to buy around the lower band and sell around the upper band of the channel with strict SL.
Derivatives Overview & Outlook
Yesterday, all major index futures remained almost unchanged on price as well as on open interest front, barring Nifty futures that shed around 3% of open interest as short covering.
Majority of sectoral indices settled on a negative note. Amongst them, Capital Goods, Newage, Power and Textile stocks witnessed maximum addition of short positions while some long buildup was seen in Chemical stocks.
On options front, call unwinding along with put addition was seen at multiple OTM strikes. Maximum positions are at 24000 CE followed by 24500 CE and 23000 PE followed by 23400 PE.
Institutional Trading Activity
Yesterday, FIIs bought stocks worth Rs 2814 Cr in the cash segment, bought index futures worth Rs 1002 Cr and sold stocks futures worth Rs 579 Cr. DIIs too were net buyers in the cash segment to the tune of Rs 2682 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 23850-23960; Supports 23500-23400
Banknifty – Resistances 54500-54800; Supports 53500-53200
Finnifty – Resistances 25550-25700; Supports 25200- 25050
F&O stocks in ban today: KAYNES & SAIL
Important Results Today: BPCL, MANKIND, MAPMYINDIA, PIIND, ZEEL & ZYDUSLIFE.
Disclosure
Globe Capital Market Limited (“GCML”) is a Stock Broker registered with BSE, NSE, MCX, NCDEX, and MSEI in all the major segments viz. Capital, F & O and CDS segments. GCML is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, GCML is a SEBI registered Portfolio Manager and Research Analyst. GCML includes subsidiaries, group and associate companies, promoters, directors, employees and affiliates. AY Securities and Commodities Limited, Globe Derivatives and Securities Limited & Globe Fincap Limited are subsidiaries of GCML. AtoZ Finstock Private Limited, A to Z Consultants Private Limited, A to Z Venture Capital Limited, M. Agarwal Stock Brokers Private Limited, A M Share Brokers Private Limited, Shri Adinath Advertising Company Pvt. Ltd., Orient Landbase Private Limited, Bolt Synthetic Private Limited, Price ponder Private Limited and Lakshya Impex Private Limited are the associates of GCML.
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