Today’s session is likely to be driven more by monthly expiry positioning than by global cues.
With Gift Nifty indicating a flat opening, US markets ending almost unchanged, and crude oil remaining under pressure, all eyes will be on whether Nifty can hold above the crucial 24,000 mark during the first hour of trade.
##Global Cues
Global Markets
• US markets closed almost flat overnight.
• Gift Nifty is indicating a flat start for Indian markets.
• Global sentiment remains neutral with no major overnight trigger.
—–>Crude Oil Continues to Cool
Crude oil remains under pressure after the recent correction.
Lower crude prices are generally supportive for Indian equities
##FII / DII Activity (27 July 2026)
Cash Market
• FII: -₹1,688.23 crore
• DII: +₹2,329.14 crore
FII Derivatives
• Index Futures: +₹625.78 crore
• Index Options: -₹3,748.93 crore
• Stock Futures: +₹5,316.42 crore
• Stock Options: -₹801.60 crore
The positioning remains mixed.
While FIIs continued selling in the cash market, they added fresh longs in Index Futures and made significant buying in Stock Futures, indicating selective optimism in individual stocks ahead of expiry.
##Today’s Biggest Trigger: Monthly Expiry
Unlike recent sessions, today’s market direction may not be decided by global cues.
The biggest factor will be monthly expiry positioning.
Key Levels
Immediate Support: 24,000
Upside Targets: 24,300 – 24,400
If Nifty manages to hold above 24,000 during the first hour, supported by strength in Bank Nifty, bulls could attempt another move towards 24,300–24,400.
However, failure to sustain above 24,000 may keep the index range-bound throughout the session.
##Sectors to Watch
BANKING
!HDFCBANK
!KOTAKBANK
!ICICIBANK
!AXISBANK
!BANKBARODA
##Oil Marketing Companies
!BPCL
!PETRONET
!GAIL
——>Bottom Line
Today’s session is likely to be dominated by expiry-related positioning rather than global news.
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