💼 FII Activity

FIIs sold over ₹3,300 crores in the cash market.

In the F&O segment, they have significantly built net index futures shorts as well as net index call shorts, clearly indicating a bearish stance at present.

🌍 Global Sentiment

Global sentiment remains stable.

There are no major signs of stress across global equity markets, which is providing some cushion despite domestic selling pressure.

📉 Market Structure

Overall PCR is near 0.7, suggesting the market is in an oversold zone and a short-term relief rally is possible.

However, charts still look weak as Nifty has closed below its 50 EMA (around 25,910). If Nifty fails to reclaim and close above this level today, sustaining a recovery will be challenging.

🧭 Key Levels to Watch

Nifty: Support – 25,675–25,750 | Resistance – 26,100

Bank Nifty: Support – 59,200 | Resistance – 60,100

⚠️ Our View

While the broader market structure remains weak, select sectors and stocks are showing resilience.

Focus on stock-specific opportunities, keep an eye on the upcoming result season, and trade with strict stop-loss discipline.