1️⃣ 📊 FIIs Activity:
FIIs turned mild buyers with ₹60+ crore inflow in cash. Interestingly, after many sessions, they’ve covered a major portion of their net index call shorts and also reduced some index future shorts — giving short-term relief to the market.
2️⃣ 📈 Technical Setup:
Nifty has crossed its recent rally high of 25,300, indicating renewed strength. As long as this level holds, we expect an upside move towards 25,600. Beyond that, further momentum will depend heavily on corporate earnings outcomes.
3️⃣ 🏦 Global Cues – Fed Factor:
Expectations of a Fed rate cut are gaining traction, fueling optimism across global equities and commodities.
4️⃣ 🥇 Gold & Silver Surge:
Gold is hitting record highs, driven by liquidity flows and rate cut hopes. However, the market seems to be overestimating the rally, and recent liquidity squeeze in commodity exchanges has added to volatility and confusion.
5️⃣ 🎯 Our View:
Adopt a wait-and-watch stance. Focus on quality stocks delivering strong Q2 results rather than chasing short-term rallies.