Indian markets are set for another positive session as stable crude oil prices, strong US market gains and continued FII buying provide support.<\/p>\n
However, one indicator deserves close attention today\u2014Nifty’s Put-Call Ratio (PCR) is near 1.6, suggesting that bullish positioning has become crowded.<\/p>\n
Could this lead to mild profit booking in the first half before the next leg of the rally?<\/p>\n
##Global Cues
\nUS Markets Ended Higher<\/p>\n
\u2022 Dow Jones: 53,178.41 (+1.30%)<\/p>\n
\u2022 S&P 500: 7,600.50 (+1.48%)<\/p>\n
\u2022 Nasdaq Composite: 25,913.90 (+2.13%)<\/p>\n
——>II \/ DII Activity (3 August 2026)
\nCash Market<\/p>\n
\u2022 FII: +\u20b9922.26 crore<\/p>\n
\u2022 DII: +\u20b91,571.18 crore<\/p>\n
FII Derivatives<\/p>\n
\u2022 Index Futures: +\u20b93,617.70 crore<\/p>\n
\u2022 Index Options: +\u20b95,813.93 crore<\/p>\n
\u2022 Stock Futures: -\u20b9306.93 crore<\/p>\n
\u2022 Stock Options: -\u20b9184.42 crore<\/p>\n
The key takeaway is that FIIs continue to accumulate Indian equities, with strong buying in both the cash market and index derivatives, indicating that institutional sentiment remains constructive.<\/p>\n
##Nifty Levels
\nMajor Resistance: 24,500
\nImmediate Support: 24,300<\/p>\n
—–>One Concern: Nifty PCR Near 1.6<\/p>\n
A PCR of around 1.6 usually indicates that the market has become heavily bullish in the short term.<\/p>\n
This increases the possibility of:<\/p>\n
\u2022 Mild profit booking during the first half of the session
\n\u2022 If Nifty absorbs the selling pressure and sustains above 24,500, it could open the door for a fresh upside move.<\/p>\n
##Sectors in Focus- AVIATION \/ PAINTS
\n!INDIGO
\n!ASIANPAINT
\n!IOC
\n!BERGEPAINT<\/p>\n
##Bottom Line<\/p>\n
The bulls still have the momentum, but 24,500 is the real test.<\/p>\n
Global cues remain supportive, crude oil is stable, and FIIs continue to buy aggressively. However, the elevated PCR suggests that some profit booking in the first half cannot be ruled out.<\/p>\n","protected":false},"template":"","article-category":[35],"article-tags":[],"class_list":["post-170807","article","type-article","status-publish","hentry","article-category-learn"],"acf":[],"_links":{"self":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article\/170807","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=170807"}],"wp:term":[{"taxonomy":"article-category","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-category?post=170807"},{"taxonomy":"article-tags","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-tags?post=170807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}