📉 FIIs Activity
FIIs sold nearly ₹1,600 Cr in cash while in F&O they built fresh net index shorts along with index call shorts. Their positioning remains extremely bearish at this point.
🌍 Global Sentiment
Global cues are strongly positive after Fed Chair Powell’s Jackson Hole comments hinted at upcoming rate cuts. This has boosted global equities and sets the stage for a potential gap-up opening in Indian markets.
📊 Market Levels
On Friday, Nifty closed below the crucial 24,900 mark (key support and prior resistance). Technically, this was negative. However, if today’s global-driven rally sustains, Friday’s breakdown may be considered a false move.
🔑 Key Watch
Sustainability above 24,900 will be the deciding factor for trend reversal. If it holds, momentum can extend further; else volatility may return quickly.
📌 Our Stance
Market mood is positive due to strong global tailwinds. Stay selective, take calculated risks, and always trade with tight stop losses.
