Positive Start Ahead: Nifty is set to open higher, with Gift Nifty up around 60 points. Last week, the index gained 1.3%, showing strength.
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US-India Relations: A friendly tone from Trump & Modi has lifted sentiment, keeping trade worries in check.
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Holiday Note: Money market is shut today, but equity and F&O will run as usual.
Global Cues 🌍
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Wall Street ended almost flat – weak US jobs data (just 22k jobs vs 75k expected) raised slowdown fears.
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Bond yields slipped – the US 10-year is now at its lowest since April (4.09%), boosting rate-cut hopes.
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Oil stays soft around $66, thanks to OPEC+ supply moves.
What FIIs Are Doing 📊
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FIIs remain heavily short in index futures (93% short), with very little long positions.
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In cash, they sold ₹1,305 Cr, but domestic funds stepped up with ₹1,821 Cr buying, cushioning the market.
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The big question: Will FIIs start covering shorts if sentiment improves?
Key Levels to Watch 🔎
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Nifty: Support at 24,700, resistance at 24,900–25,000.
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Bank Nifty: Support at 54,000, resistance at 54,300–54,600.
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Staying above these resistance levels could trigger further upside.
Stocks in Focus 📌
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Vedanta – Top bidder for Jaiprakash Associates, positive news.
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Dr. Reddy’s – UK plant gets FDA observations, may weigh on stock.
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Amber Enterprises – Raising ₹1,200 Cr via PE funds, growth-positive.
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SPML Infra – Bags ₹1,438 Cr order from Rajasthan Govt, strong order book boost.
✅ Overall View: Indian macros look strong – GDP, GST cuts, and festive demand are all positives. Market mood is optimistic, but FIIs hold the key. If they cover shorts, Nifty could move past 25,000 soon.