**Indian markets are set for a positive start as strong gains on Wall Street, continued FII buying and upbeat corporate earnings improve sentiment.
However, 24,300 remains the biggest hurdle for Nifty—a level from where the index has reversed multiple times in recent weeks.
The big question is: Can today’s gap-up opening finally lead to a decisive breakout?
##Global Cues
US Markets Ended Strong
• Wall Street closed sharply higher.
• The Nasdaq outperformed, supported by strength in technology stocks and improving investor sentiment.
The rally in the US is expected to provide mixed cues for Indian markets. While overall sentiment remains positive, the sharp rise in chip and semiconductor stocks on the Nasdaq could lead to sectoral rotation and mild pressure on Indian IT stocks, as investors reassess valuations and positioning in technology names.
—–>IT Stocks in Focus
The sharp rally in the Nasdaq could keep Indian IT majors active today.
Stocks to watch:
• !INFY
• !TCS
• !HCLTECH
• !WIPRO
• !TECHM
## !SWIGGY Delivers Strong Quarterly Performance
Swiggy reported a healthy quarterly performance, reflecting continued growth in its food delivery and quick-commerce businesses.
The results could keep the broader internet and new-age technology space in focus during today’s session.
!ETERNAL
!NYKAA
##FII / DII Activity (30 July 2026)
Cash Market
• FII: +₹3,623.51 crore
• DII: -₹1,864.03 crore
FII Derivatives
• Index Futures: +₹1,299.57 crore
• Index Options: -₹8,407.87 crore
• Stock Futures: -₹236.61 crore
• Stock Options: -₹177.05 crore
The biggest positive was the return of strong FII buying in the cash market, while buying in Index Futures
—–>Key Levels
Major Resistance: 24,300
Next Upside Zone: 24,450–24,600
Immediate Support: 24,100
Nifty has failed near 24,300 on multiple occasions.
###Bottom Line
Today’s session could be all about one level—24,300.