Despite High Crude & Bond Yields
Indian markets are heading towards a Gap-Up opening, with GIFT Nifty indicating a positive start.
What makes today’s setup interesting is that FIIs have started showing buying interest in derivatives, even while crude oil and bond yields remain elevated and Nifty is still below the crucial 24,000 level.
This could be an important signal that institutional sentiment may be gradually improving.
##Global Cues
US Markets Rebound
US markets closed higher in the previous session, providing a supportive global backdrop.
The improvement in global equities could help Indian markets start on a positive note.
$$IIs Start Buying in Derivatives
FII / DII Activity — 3 September 2026
Cash Market
• FII: -₹2,345.87 Cr
• DII: +₹4,977.46 Cr
FII Derivatives
• Index Futures: -₹926.15 Cr
• Index Options: +₹7,186.18 Cr
• Stock Futures: +₹1,120.89 Cr
• Stock Options: +₹220.92 Cr
——>Nifty 24,000: The Real Test
Nifty is still trading below the psychological 24,000 level.
But if today’s Gap-Up is followed by sustained buying and Nifty crosses 24,000 and holds above it, something interesting could happen:
Bears may get trapped.
Traders who built short positions expecting another breakdown could be forced to cover.
That short covering, combined with fresh buying, could accelerate the recovery.
Key Levels
Resistance: 24,000
Above 24,000: Bullish momentum can strengthen
Below 24,000: Recovery remains vulnerable to rejection
@@Crude Oil: Keep a Close Eye
Crude remains at elevated levels and continues to trade around an important resistance zone.
@@EBI CAS Update: Capital Market Stocks in Focus
SEBI is reviewing the settlement-price methodology for derivatives after the introduction of the Closing Auction Session (CAS).
The regulator is expected to issue a consultation paper proposing changes to the methodology following market feedback.
!BSE
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