Market Analysis : March 10, 2026.
1️⃣ FII Activity & Derivatives Positioning
Foreign Institutional Investors (FIIs) sold ₹6,300+ crore worth of equities in the cash market, continuing the selling pressure.
In the F&O segment, they have:
Increased net index short positions in futures
Added net index call shorts
Increased net index put positions
Key indicators:
PCR: 0.83
FII Long–Short Ratio (Index Futures): ~13%
Overall derivatives data suggests FIIs remain strongly bearish on the market, similar to the previous trading session.
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2️⃣ Global Cues
Global sentiment improved slightly overnight after Donald Trump stated in a CNN interview that the ongoing conflict could end sooner than expected.
Following this development:
Crude oil prices dropped sharply by 15–20%
WTI crude fell to around $87
The sharp fall in crude oil prices is a positive relief for global markets, particularly for oil-importing economies like India.
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3️⃣ Market Opening Expectation
Due to the sharp decline in crude oil prices, the Indian market may open with a gap-up of around 200–300 points.
However, markets are still largely driven by geopolitical headlines, and sentiment could change quickly depending on further developments.
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4️⃣ Technical View & Key Levels to Watch
From a longer time frame (daily/weekly charts), the market structure still appears weak.
However, on the shorter timeframe (15-minute charts), Nifty is showing some strength, indicating the possibility of a short-term bounce.
Nifty
Support: 23,650
Resistance: 24,450
Bank Nifty
Support: 55,000
Resistance: 56,900 – 57,200
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5️⃣ Our Stance
As emphasized throughout last week, the best strategy remains “Wait & Watch.”
Markets are currently reacting more to war-related headlines than to technical indicators, which makes trading conditions highly uncertain.
Strategy:
Avoid rushing into fresh investments
Let the volatility settle first
Market direction may become clearer before the upcoming weekend
Patience and capital protection remain the priority for now.