💼 FII Activity
FIIs sold around ₹1,100 crores in the cash market.
In F&O, they added some net index futures, covered overall net index call shorts and turned net buyers, and also reduced net index put positions.
This clearly indicates that FIIs are less bearish compared to last week.
🌍 Global Sentiment
Global sentiment remains neutral.
US markets closed weak last Friday due to pressure in technology stocks, and this may lead to some pressure across global markets in the near term.
📉 Market Structure
Despite global weakness, the market structure showed positive momentum on Friday.
A gap-down opening is possible due to global sell-off, but there are higher chances of recovery and good intraday momentum thereafter.
🧭 Key Levels to Watch
Nifty:
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Resistance: 26,200
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Support: 25,750
Bank Nifty:
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Resistance: 59,600
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Support: 58,800
These levels will decide the next directional move.
⚠️ Our View
Overall structure looks positive, but remain selective.
Trade only in quality setups and never trade without a strict stop-loss.
