💼 FII Activity
FIIs sold more than ₹1,700+ crores in the cash market.
However, in F&O they significantly reduced their short positions, which suggests easing of bearish pressure despite continued cash selling.
🌍 Global Sentiment
Global markets remain neutral to positive, with the US markets continuing a strong bullish run, supporting overall risk appetite.
📉 Market Structure
On charts, the market structure looks constructive, with indices resting near key resistance zones.
This indicates strength, but also calls for confirmation through a sustained breakout.
🧭 Key Levels to Watch
Nifty:
Key resistance: 26,200
A breakout and 30+ minutes of sustained trade above this level can lead to strong upside momentum.
Bank Nifty:
Key resistance: 59,600
Sustaining above this level for 30 minutes or more may trigger a sharp upward move.
⚠️ Our View
The sharp rally in precious metals (gold, silver, platinum) signals heightened uncertainty and risk build-up.
This suggests that either equity markets or precious metals may see a significant correction in 2026.
Remain cautious, especially in commodities, and never trade without a strict stop-loss.