FIIs Activity Check
FIIs have sold over ₹1,600 crore worth of equities in the cash market. However, in the derivatives space, they have reduced their net index short positions, particularly in Bank Nifty — indicating a shift towards a more neutral stance.
Earnings Reaction
The market responded positively to the Q1 results of ICICI Bank and HDFC Bank. Bank Nifty has shown strong bullish momentum on the charts and could provide key support to Nifty in the near term.
Technical Outlook
While Nifty witnessed gains, a meaningful bullish breakout will only be validated once it crosses and sustains above the 25,350 level for more than one session. Until then, markets may continue to remain range-bound and reactive.
Global Cues
Global sentiment remains neutral to mildly positive, with no signs of immediate panic. However, the upcoming Trump Tariff deadline remains a key risk event that could stir volatility.
Tactical Approach
Maintain a cautious but selective stance. Focus on fundamentally strong companies delivering solid earnings. Stick to defined stop losses and avoid over-leveraging in uncertain conditions.
