💼 FII Activity
FIIs have sold ₹3,000+ crores in the cash market, largely due to Bank Nifty weight adjustment going live.
In F&O, despite expiry, their stance remains strongly bearish:
• Net index future shorts ~90% (record high)
• Net index call shorts > 30,000 contracts
This clearly shows FIIs are still positioning for downside.
🌍 Global Sentiment
Global markets are stable and quiet due to New Year holiday mood.
We do not expect any major volatility or momentum in international markets until 2nd January.
📉 Market Structure
Overall market is consolidating, but Bank Nifty is showing relative strength — even as weight of top private banks is being reduced in the index.
🧭 Key Levels to Watch
Nifty:
• Support: 25,850–25,750
• Resistance: 26,050–26,200
Bank Nifty:
• Support: 58,800–58,500
• Resistance: 59,300–59,600
A breakout from these ranges post-holiday can set the next trend.
⚠️ Our View
No broader momentum expected till 2nd Jan.
Focus on selective stock opportunities only — trade with strict SL and avoid leverage.