FII Activity
FIIs bought around ₹500+ crores in the cash market.
In F&O, they reduced some of their short positions, but overall their derivative positioning still reflects a bearish bias.
Global Sentiment
Global sentiment remains neutral, supported by a strong rally in US IT stocks during the previous session, which has helped stabilize risk appetite.
Market Structure
The market structure indicates consolidation on charts.
However, the IT sector continues to show strong momentum, outperforming the broader market.
Key Levels to Watch
Nifty:
Range: 25,700 – 26,060
Bank Nifty:
Range: 58,700 – 59,400 / 60,000
A breakout outside these ranges may define the next directional move.
Our View
Remain cautious and selective.
Avoid overtrading and never enter trades without a strict stop-loss.