📊 Daily Market Analysis
1️⃣ FII Activity
FIIs sold ~₹400 crore in the cash market. In F&O, they increased net index shorts, maintained net index call shorts, and reduced net index puts, reflecting a bearish bias despite the ongoing upside momentum. Overall PCR stands at 1.07, while the FII long–short ratio declined to 14 from 14.4, indicating cautious positioning.
2️⃣ Global Market Sentiment
Global markets are witnessing high volatility, led by the US markets. Disappointing results from major US IT companies have increased volatility in the US, which is spilling over into other global equity markets as well.
3️⃣ Market Structure & Charts
From a technical perspective, the market looks constructive. On the hourly timeframe, Nifty is trading above its 20 & 50 EMA, indicating strength. The broader structure suggests a “buy on dips” market, though near-term resistance is approaching.
4️⃣ Key Levels to Watch
-
Nifty: Support – 25,150 | Resistance – 25,500–25,550
-
Bank Nifty: Support – 59,600 | Resistance – 60,250
5️⃣ Our View
Maintain a wait-and-watch approach amid rising volatility. Focus on stocks delivering strong results, avoid aggressive positions, and trade strictly with tight stop-losses.