📊Market Analysis : February 3 ,2026.

1️⃣ FII Activity
FIIs sold ₹1,800+ crore worth of stocks in the cash market. In the F&O segment, they reduced net index shorts, net index call shorts, and net index put longs. Despite some unwinding, the overall FII positioning still reflects a bearish bias.
2️⃣ Global Market Sentiment
Global markets are witnessing a strong bull run after the announcement of a US–India trade deal. This development significantly strengthens the global risk sentiment and also provides geopolitical support to the US. The news flow is extremely positive and could trigger aggressive short covering by FIIs in Indian markets.

3️⃣ Market Structure & Technical View
On shorter timeframes, the market structure looks constructive. However, at present, news flow is dominating price action, and traditional technical analysis is taking a back seat. Market reactions will be largely driven by developments related to the US–India trade agreement.
4️⃣ Key Levels to Watch

Nifty: Support – 25,750 | Resistance – 26,350
(GIFT Nifty indicates an opening above 26,000)
Bank Nifty: Support – 59,350 | Resistance – 60,400
(Likely to open above 60,000)

5️⃣ Our View
Given the sharp gap-up and strong sentiment, risk–reward for fresh entries is limited at current levels. It is advisable to wait for a healthy dip and focus on accumulating quality stocks rather than chasing momentum.