📉 FIIs Activity
FIIs sold around 3800+ crs worth of stocks in cash. In F&O, after monthly expiry, their positioning remains almost unchanged with only a minor reduction in net index shorts. Overall stance of FIIs on Indian equities remains weak.
🌍 Global Sentiment
Globally, markets are neutral with hopes pinned on a Fed rate cut. If the Fed actually delivers, we may see at least a 1–2% rally across equities.
📰 Macro & Policy Updates
No further progress on the Russia–Ukraine ceasefire deal keeps the overhang of US tariffs on India alive. On the GST front, rationalization may be announced, but expectations of big cuts are limited due to the government’s fiscal consolidation path.
📊 Technical View
Nifty’s closing yesterday confirmed weakness and signaled a short-term downtrend. Key support now rests at 24,300–24,350 levels. Below this, pressure may extend further.
🔍 Our Stance
We expect markets to remain weak throughout September unless a major global trigger (like Fed rate cut or ceasefire deal) shifts sentiment. Stay cautious, avoid aggressive trades, and never trade without a stop loss.
