Indian markets are set for a positive start as Gift Nifty indicates a gap-up opening, supported by strong overnight global cues and buying by FIIs in the cash market.<\/p>\n
However, one factor continues to demand attention\u2014crude oil. After falling nearly 3.5% in the previous session, crude has rebounded almost 4% in early morning trade, making it the biggest variable for today’s market.<\/p>\n
##Global Cues
\nPositive Overnight Signals<\/p>\n
\u2022 Gift Nifty indicates a gap-up opening.<\/p>\n
\u2022 US markets closed in positive territory.<\/p>\n
\u2022 IT and Banking ADRs traded higher overnight, indicating supportive global sentiment for Indian technology and financial stocks.<\/p>\n
Overall, global cues remain constructive for today’s session.<\/p>\n
——>Crude Oil: The Biggest Variable<\/p>\n
Crude oil corrected sharply by nearly 3.5% in the previous session, providing relief to emerging markets.<\/p>\n
However, in early morning trade, crude has bounced back by almost 4%.<\/p>\n
##FII \/ DII Activity (28 July 2026)
\nCash Market<\/p>\n
\u2022 FII: +\u20b9755.33 crore<\/p>\n
\u2022 DII: +\u20b91,664.16 crore<\/p>\n
FII Derivatives<\/p>\n
\u2022 Index Futures: -\u20b92,601.31 crore<\/p>\n
\u2022 Index Options: -\u20b930,784.43 crore<\/p>\n
\u2022 Stock Futures: +\u20b92,774.03 crore<\/p>\n
\u2022 Stock Options: -\u20b9414.24 crore<\/p>\n
FIIs turned net buyers in the cash market, while continuing to build selective positions in stock futures.<\/p>\n
##Key Levels to Watch
\nImmediate Resistance: 24,000
\nNext Upside Zone: 24,300\u201324,400<\/p>\n
The 24,000 mark remains the most important hurdle for Nifty.<\/p>\n
##Sectors in Focus
\nInformation Technology\/ BANKING<\/p>\n
Positive ADR performance could lift sentiment for:
\n!INFY
\n!WIPRO
\n!LTM
\n!HDFCBANK
\n!ICICIBANK<\/p>\n
———>Bottom Line<\/p>\n
Today’s opening looks positive, but the real test begins at 24,000.<\/p>\n
If Banking and IT stocks sustain the momentum and crude oil fails to extend its rebound, Nifty could attempt a breakout towards 24,300\u201324,400.<\/p>\n
However, if crude continues to rise sharply, it may cap gains despite supportive global cues.<\/p>\n","protected":false},"template":"","article-category":[898,35],"article-tags":[],"class_list":["post-166376","article","type-article","status-publish","hentry","article-category-indicators","article-category-learn"],"acf":[],"_links":{"self":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article\/166376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article"}],"about":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/types\/article"}],"wp:attachment":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media?parent=166376"}],"wp:term":[{"taxonomy":"article-category","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-category?post=166376"},{"taxonomy":"article-tags","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-tags?post=166376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}