Indian markets may start Friday on the back foot, with GIFT Nifty indicating a weaker opening.<\/p>\n
The key question now is whether the expected weakness near 24,000 becomes an opportunity for buyers or turns into another round of selling.<\/p>\n
—-> FIIs Book Profit, But DIIs Provide Strong Support
\nInstitutional Activity \u2014 28 August 2026<\/p>\n
\u2022 FII Cash Market: -\u20b9298.26 Cr<\/p>\n
\u2022 DII Cash Market: +\u20b94,977.17 Cr<\/p>\n
\u2022 FII Index Futures: -\u20b91,871.04 Cr<\/p>\n
\u2022 FII Index Options: +\u20b96,885.99 Cr<\/p>\n
\u2022 FII Stock Futures: -\u20b91,714.67 Cr<\/p>\n
\u2022 FII Stock Options: -\u20b9641.90 Cr<\/p>\n
##Nifty: 24,000 Is the Big Test<\/p>\n
If Nifty opens around 24,000, this level becomes extremely important.
\n24,000\u201324,100 \u2192 Strong Support Zone<\/p>\n
A gap-down followed by a successful defence of this zone could create a buy-on-dips opportunity.
\nBut if Nifty decisively breaks below 24,000, the setup changes.<\/p>\n
Support Breakdown = Risk of Further Selling<\/p>\n
@@Bank Nifty: 57,300\u201357,350 Is Key<\/p>\n
Bank Nifty also has an important support zone:<\/p>\n
57,300\u201357,350 \u2192 Major Support
\nIf this zone holds, banking stocks could attempt a recovery.<\/p>\n
##US Markets Give Some Comfort<\/p>\n
Despite the weak Indian setup, overnight US markets closed higher.
\nThe S&P 500 gained 0.7%, Nasdaq rose 1.6% and Dow added 0.2%, with Nvidia leading the technology rally after its strong results and outlook.<\/p>\n
##IT Stocks in Focus
\nThe strong Nvidia reaction could keep the global technology theme active.<\/p>\n
Indian IT stocks to watch:
\n!WIPRO
\n!TCS
\n!PERSISTENT
\n!COFORGE
\n!MPHASIS<\/p>\n
##PCR UPDATE ( PUT CALL RATIO )
\nBANKNIFTY PCR- 1.1 ( TURN GOOD AFTER GAPDOWN )
\nNIFTY PCR- 0.55 ( ALREADY AT GOOD LEVELS )<\/p>\n
——>Bottom Line
\nGap-down may test 24,000, but the real question is whether buyers defend it.<\/p>\n
If Nifty holds 24,000\u201324,100 and Bank Nifty protects 57,300\u201357,350, a recovery attempt could emerge.<\/p>\n
Today’s approach: Don’t chase the opening gap \u2014 watch the support reaction first.<\/p>\n","protected":false},"template":"","article-category":[898,35],"article-tags":[],"class_list":["post-177614","article","type-article","status-publish","hentry","article-category-indicators","article-category-learn"],"acf":[],"_links":{"self":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article\/177614","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=177614"}],"wp:term":[{"taxonomy":"article-category","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-category?post=177614"},{"taxonomy":"article-tags","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-tags?post=177614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}