1) FII Activity & Derivatives Positioning
FIIs have sold around ₹2,100+ crore in the cash market, indicating continued selling pressure.
In the F&O segment, post monthly expiry:
Reduced net index futures short positions
Marginally reduced net index call short positions
Increased net index put long positions
Key indicators:
PCR: 0.98
FII Long–Short Ratio (Index Futures): 15 (very low)
Insight: Despite some short covering, low long-short ratio and higher put longs indicate overall bearish positioning.
2) Global Cues
Global sentiment is neutral to negative.
Lack of progress in US–Iran peace deal
Rising crude prices, with WTI crude trading above $100
Conclusion: Elevated crude prices are a negative signal for global equity markets and keeping sentiment under pressure.
3) Market Sentiment
Market sentiment remains weak.
External factors like crude price and geopolitics are dominating
Volatility likely to remain elevated
Core Message: Market direction is currently dependent on global developments rather than internal strength.
4) Technical View & Key Levels
Short-Term View:
Nifty looks weak on shorter time frame
Higher Timeframe:
Nifty trading near key support zone
Bank Nifty weak across all time frames
Key Levels to Watch:
Nifty
Support: 23850-600
Resistance: 24250-24350
Bank Nifty
Support: 54600
Resistance: 56250
5) Our Stance
Strategy: Stock-specific approach during weak market
What to do:
Focus on fundamentally strong stocks during result season
Take positions with strict stop-loss
What to avoid:
Aggressive index trades in weak conditions
Final Take: Market remains under pressure; focus on quality stocks with disciplined risk management.