1️⃣ FII Activity & Derivatives Positioning

FIIs have sold approximately ₹3,400 crore worth of equities in the cash segment, indicating continued selling pressure.

In the F&O segment:

They have reduced some net index short positions

However, they have significantly added net index call shorts

This derivatives setup suggests that upside in the market may remain limited in the near term.

2️⃣ Global Market Cues

Global sentiment remains negative, mainly due to the absence of strong positive triggers across global markets.

US–Iran tensions have slightly eased

Crude oil prices have declined, which is a marginal positive

However, overall global undertones remain cautious.

3️⃣ Technical View – Nifty & Bank Nifty

Nifty is trading near its crucial support zone of 25,300–25,400.

Today’s closing will be extremely important

A sustained move below this zone may increase downside pressure

Bank Nifty is also reflecting negative sentiment, especially on the hourly timeframe, indicating short-term weakness.

4️⃣ Key Levels to Watch

Nifty

Support: 25,300

Resistance: 25,625

Bank Nifty

Support: 60,500–60,750

Resistance: 61,350

5️⃣ Our Stance

Market structure appears weak, but selective opportunities may emerge.

Focus on fundamentally strong stocks

Avoid aggressive positioning

Maintain strict stop-loss discipline

Strategy: Stock-specific trades with controlled risk management.