📉 FIIs Activity
FIIs sold over ₹1,100 crore in cash. In F&O, they added fresh index shorts and call shorts while cutting down some index puts. Overall positioning still leans bearish despite momentum.
🌍 Global Sentiment
Global cues remain supportive. Fed’s last meeting minutes showed divisions among members, hinting that a rate cut could come in the next few meetings. This is fueling optimism across global equities.
📊 Market Setup
Nifty has now closed two straight sessions above 24,900. After five consecutive weeks of correction, this relief rally looks natural. Market breadth is improving, and sentiment is turning constructive.
🔎 Technical View
PCR stands at 1.18 — near overbought territory. But momentum remains strong. Sustaining above 24,900 opens the door for a move towards 25,200–25,350. On the downside, support is placed at 24,750–24,800.
🎯 Our Stance
We assign 75% probability of markets ending in green today with further upside potential. Focus on quality names showing strong earnings momentum. Always keep tight stop losses as volatility may resurface.
