💼 FII Activity
FIIs sold around ₹1,400+ crores in the cash market.
In F&O, they reduced net index shorts and also covered their entire net index call long positions. Overall, their derivative positioning is less bearish compared to last week.
🌍 Global Sentiment
Global markets remain neutral to slightly negative, as there is no strong follow-up buying visible across major global indices. This is keeping risk appetite in check.
📉 Market Structure
Charts indicate consolidation, with the market trading in a narrow range.
Despite the range-bound action, the probability of an upside breakout remains higher if buying momentum emerges.
🧭 Key Levels to Watch
Nifty:
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Near-term range: 25,900 – 26,070
Bank Nifty:
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Near-term range: 58,900 – 56,500
A decisive move outside these ranges will define the next short-term trend.
⚠️ Our View
Stay vigilant and avoid aggressive trades.
Focus on selective setups and never trade without a strict stop-loss.