March 6 Trade Setup: Nifty's Relief Rally Amid Iran War Focus; Key Levels & Options Data Revealed

• Nifty 50 saw a relief rally but geopolitical tensions involving the US, Israel, and Iran remain a concern.
• The Nifty is trading below its 200-day EMA, and India VIX remains elevated, indicating persistent bearish momentum.
• Key Nifty support is at 24,500, with resistance at 24,900–25,000; Bank Nifty shows indecision with a Doji-like pattern.
• Nifty Call Open Interest is highest at 25,500 (resistance), while Put Open Interest is highest at 24,500 (support).
• India VIX dropped sharply but is still in the elevated zone; SAIL and Sammaan Capital remain under F&O ban.