📉 FIIs Activity
FIIs sold over ₹1,600 Cr in cash market. In F&O, they further increased net index shorts along with adding call shorts. Despite GST Council’s positive outcome, their positioning shows underestimation of the GST boost.
📰 Domestic Triggers
GST Council approved a 2-rate structure and announced rate cuts across multiple goods & services. While largely in line with expectations, the outcome is still market-friendly and sets a positive backdrop.
🌍 Global Sentiment
No major overnight global surprises; focus remains on domestic GST impact and positioning of foreign investors.
📊 Technical View
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Key hurdle: Nifty 24,900
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Resistance: 25,200
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If weekly close > 25,200 → strong positive structure builds
🎯 Strategy
Stay selective: bet on quality stocks only. Avoid chasing momentum blindly. Always keep a strict stop-loss (SL) to manage risk.