📉 FIIs Activity
FIIs sold nearly ₹630 crore worth of equities in cash, while in F&O they reduced net index call shorts. Positioning shows some caution but no aggressive selling pressure.
🌍 Global Sentiment
Overall sentiment remains neutral to positive with no signs of uneasiness. Crude oil and gold are trending lower — both globally and in Indian contracts — aided by rupee appreciation. A Ukraine–Russia ceasefire or peace deal could accelerate the downtrend in commodities further.
🏦 Domestic Flows
Domestic institutions continue to provide ample liquidity, comfortably absorbing FII selling pressure. Interestingly, FIIs also seem reluctant to initiate fresh selling given India’s favorable geopolitical position.
📊 Market Outlook
This week is crucial for trend formation. A daily close above 24,900 on Nifty could act as a breakout trigger and decide the next leg of movement. Below this, expect choppiness and range-bound action.
🎯 Tactical Stance
Our stance is wait and watch till the weekend. There’s around a 65% probability of Nifty closing above 24,900 today. Stay selective, focus on quality stocks, and never trade without a stop loss.