FII Activity
FIIs sold more than ₹3,500 crores in the cash market.
In F&O, they slightly increased net index shorts, but importantly—covered all net index call shorts.
This indicates a potential early sign of sentiment reversal from bearish to neutral.
Global Sentiment
Global cues remain stable as most markets return from holiday mode.
No major directional trigger yet from international markets.
Market Structure
Charts look encouraging—especially for Bank Nifty which closed near the key resistance zone of 59,600.
Nifty too is moving toward its crucial breakout level at 26,200.
A breakout above these levels can bring stronger bullish momentum.
Key Levels to Watch
• Nifty → Resistance: 26,200
• Bank Nifty → Resistance: 60,100
A decisive breakout & sustained move over these levels can unlock 1–2% quick upside.
Our View
Market tone is improving gradually.
Focus on selective buying in strong stocks — but always trade with a strict stop-loss to manage risk.