📉 FIIs Activity
FIIs sold over ₹1,900 crore worth of equities in the cash market on August 14. In the derivatives space, they trimmed some index shorts, but overall positioning still leans bearish.
🌍 Global Sentiment
Trump–Putin meeting brought some optimism as Putin, for the first time, acknowledged Ukraine’s security concerns. While this is seen as a step towards peace, the bigger question lies with EU leaders’ response. For India, the impact remains limited since the US secondary sanctions continue until a concrete peace deal is reached.
🏦 Policy Watch
On the fiscal and monetary side, there is little room for drastic rate cuts in two slabs. However, even the anticipation of easing acts as a sentiment booster in the current environment. The market is likely to interpret this positively.
📊 Technical Outlook
As discussed earlier, Nifty holding 24,600 is critical. The index has shown resilience, but sustaining above 24,800–24,900 remains tough unless FIIs cover significant portions of their shorts. Key levels to watch:
Support: 24,600
Resistance: 24,800–24,900
🎯 Tactical Stance
Maintain a cautious trading approach. Use rallies for selective opportunities, keep strict stop-losses, and avoid chasing momentum until FIIs turn net buyers or shorts are meaningfully covered.