1️⃣ FII Activity & Positioning

FIIs have bought ₹1100+ crore worth of equities in the cash segment, indicating renewed buying interest.

In the F&O space, they have:

Reduced net index short positions

Significantly reduced net index put positions

Overall positioning is gradually shifting toward a positive bias.

2️⃣ Global Market Cues

Global sentiment remains in a neutral zone.

No major geopolitical tensions

No negative macroeconomic surprises

Absence of panic across global markets

This stable backdrop supports risk appetite in equities.

3️⃣ Technical & Data View

On charts, the market structure looks strong, with Bank Nifty leading the rally this week.

Nifty is approaching its key resistance zone at 25,900.

A decisive breakout above this level may trigger short covering by FIIs.

From a data perspective:

PCR at 1.25 – entering higher territory but not yet overbought

FII Index Long/Short Ratio at 29 – indicates room for further short covering

Overall, data suggests there is still upside potential.

4️⃣ Key Levels to Watch

Nifty

Support: 25,700

Resistance: 25,900 – 26,050

Bank Nifty

Support: 61,100

Resistance: 61,700 – 62,000

5️⃣ Our Stance

Market setup favors a buy-on-dips approach.

Focus on:

Quality stocks

Strong earnings visibility

Clear price strength

Strict stop-loss discipline

Bias remains constructive as long as key support levels hold.