💼 FII Activity
FIIs sold more than ₹2000 crores in the cash market.
In F&O, they reduced some of their index shorts, indicating mild short-covering but no strong bullish shift yet. Their overall derivative positioning still shows caution rather than aggression.
🌍 Global Sentiment
Global sentiment is strongly positive after the Fed’s rate cut, which boosted global equity markets.
India is expected to react positively with a gap-up opening, supported by improved risk appetite across global markets.
📉 Market Structure
Despite the supportive global environment, the domestic structure still reflects consolidation.
Midcap and smallcap indices continue to show no major relief on charts, indicating weak breadth and selective participation.
🧭 Key Levels to Watch
Nifty:
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Resistance: 26,000–26,200
If the index breaks above this zone and sustains for more than 30 minutes, we may see a 1–2% rally.
Bank Nifty:
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Resistance: 59,600
A breakout above this level can also trigger a 1–2% upside.
⚠️ Our View
Stay cautious despite the global positivity.
Do not use leverage and always trade with a strict stop-loss.
Wait for sustained breakouts before taking aggressive positions.