💼 FII Activity
FIIs sold more than ₹2,300 crores in the cash market.
In F&O, they increased net index shorts, added net index call shorts, and also built net index put longs.
This clearly indicates that FIIs have turned bearish on the Indian market.
🌍 Global Sentiment
Global sentiment has turned negative due to profit booking across global markets, especially in the US markets.
This risk-off environment may lead to near-term correction pressure in Indian equities.
📉 Market Structure
The overall market structure looks negative on charts, mainly due to continuous FII selling.
However, there is a possibility that this selling pressure may slow down in the near future, which could stabilize the market.
🧭 Key Levels to Watch
Nifty:
Support: 25,700
Resistance: 26,050 – 26,200
Bank Nifty:
Support: 58,500
Resistance: 59,600
These levels will be crucial in determining the next directional move.
⚠️ Our View
Remain cautious and avoid overtrading.
Focus on capital protection and always trade with a strict stop-loss until market conditions improve.