💼 FII Activity
FIIs sold around ₹450+ crores in the cash market.
In F&O, they reduced net index shorts, added fresh net index call positions, and also reduced net index put positions.
This indicates a gradual improvement in sentiment despite cash market selling.
🌍 Global Sentiment
Global sentiment remains neutral, with most global markets trading in a narrow range.
📉 Market Structure
On charts, the market structure looks strong.
Nifty has closed above the near-term resistance of 26,060 and near the day’s high, signaling strong bullish momentum.
Bank Nifty is lagging slightly, mainly due to sharp movements in IT stocks impacting relative momentum.
🧭 Key Levels to Watch
Nifty:
Next major resistance: 26,200
Bank Nifty:
Key resistance: 59,600
A sustained breakout above these levels could trigger a fast 1–2% move in both indices.
⚠️ Our View
Maintain a bullish but disciplined approach.
Focus on quality stocks and always trade with a strict stop-loss.