1️⃣ FII Activity & Derivatives Data

FIIs have sold ₹8,200+ crore worth of equities in the cash segment, reflecting aggressive selling pressure.

In the F&O segment:

Increased net index short positions

Increased net index call short positions

Data indicators:

Overall PCR at 0.95 – slightly bearish bias

FII Long/Short Ratio (Index Futures) at 15 – indicates strong bearish positioning

Overall, derivatives data clearly suggests a bearish undertone.

2️⃣ Global Market Sentiment

Global markets are recovering from recent lows as the US–Iran conflict shows signs of cooling.

Geopolitical impact appears largely factored into the recent correction

Panic has reduced compared to previous sessions

However, sentiment remains fragile and headline-sensitive.

3️⃣ Technical View – Short-Term Strength Emerging

On the charts:

Nifty is showing short-term strength, particularly on the 15-minute timeframe, where MACD indicates a positive divergence.

Bank Nifty is reflecting a similar short-term recovery pattern.

Despite this, strong bearish FII positioning suggests limited upside sustainability.

4️⃣ Key Levels to Watch

Nifty

Support: 24,400

Resistance: 24,625 – 24,900

Bank Nifty

Support: 58,400

Resistance: 59,200 – 59,500

5️⃣ Our Stance

Given heavy FII bearish positioning and ongoing geopolitical sensitivity:

Remain in wait-and-watch mode until 14th March

Closely monitor geopolitical developments

Avoid aggressive long positions

Focus on capital preservation

Strategy: Trade light, stay alert, and prioritize risk management.