🔻 FIIs Selling Pressure
Foreign Institutional Investors (FIIs) have sold over ₹4,000 crore worth of equities in the cash segment. While they’ve marginally reduced their net short positions in index futures, the overall stance remains cautious.
🌍 Global Sentiment Positive
Globally, sentiment is buoyant. The U.S. has announced multiple strategic trade deals, and European markets are trading close to their respective highs. However, all eyes are now on the European Central Bank’s (ECB) rate decision today. While rate cuts are unlikely at this meeting, the stance will be crucial for direction.
📊 Market Technicals
Due to heavy moves in Big Banks like ICICI Bank and HDFC Bank yesterday we saw a good move in Nifty & Bank Nifty. The Nifty is hovering near a short-term resistance zone of 25,250–25,350. Considering FII cash selling and only mild short covering in F&O, we assign a low probability (35%) to a breakout above 25,350 in the immediate term.
📈 Derivatives Setup
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The Put-Call Ratio (PCR) is currently around 1.1, indicating that the market is nearing an overbought zone.
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With weekly expiry today, expect increased intraday volatility.
🔎 Our View
Focus on quality stocks with proper stop-loss discipline. Avoid chasing momentum blindly at higher levels. This is a stock-specific market—trade selectively.
