📉 FIIs Activity
FIIs sold over ₹1,100 Cr in cash markets. In F&O, they built fresh net index shorts, reduced call shorts, and increased put positions. Overall stance remains on the negative side.
🏛️ Domestic Event – GST Council
GST Council meeting begins today in Delhi. Market will keenly watch statements on tax rate rationalization. Any announcement can trigger sharp market moves.
🌍 Global Sentiment
Overseas cues remain neutral to slightly positive. No signs of panic across global equities for now.
💰 Commodities – Gold & Silver
Gold and silver continue their rally. Silver still has some upside room, but gold is now in an extreme overbought zone — for the first time in 25 years, it has stayed overbought for 10 consecutive months. A meaningful correction in gold looks possible ahead.
⚠️ Our View
Stay cautious. Don’t overtrade. Market may react sharply to GST news. Strict risk control is advised — avoid trading without a stop-loss.