📉 FIIs Activity
Foreign investors sold over ₹300 Cr in cash while building fresh index short positions in F&O and cutting down net index calls. Their overall index future shorts remain at record-high levels, indicating a continued cautious stance on the market.
🌍 Global Sentiment
Global cues are neutral to mildly positive, led by strong momentum in Japan’s markets, which are rallying on optimism around the incoming Prime Minister. Other Asian and Western markets remain broadly steady.
💰 Gold & Silver
Bullion continues its strong upward trend, supported by macro uncertainties and safe-haven buying. However, both gold and silver are in an overbought zone, so fresh long trades should be avoided for now.
📊 Nifty Outlook
Earlier, we expected Nifty to stay within the 24,300–25,000 range until the result season. However, with the index closing above 25,000, the probability of a short-term consolidation or mild correction has increased as the market digests recent gains.
🧭 Our View
Stay cautious and selective. Focus on a bottom-up stock-picking approach rather than chasing index momentum. Quality midcaps and result-season plays could offer better opportunities.
