Market Analysis : March 10, 2026.

1️⃣ FII Activity & Derivatives Positioning

Foreign Institutional Investors (FIIs) sold ₹6,300+ crore worth of equities in the cash market, continuing the selling pressure.

In the F&O segment, they have:

Increased net index short positions in futures

Added net index call shorts

Increased net index put positions

Key indicators:

PCR: 0.83

FII Long–Short Ratio (Index Futures): ~13%

Overall derivatives data suggests FIIs remain strongly bearish on the market, similar to the previous trading session.

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2️⃣ Global Cues

Global sentiment improved slightly overnight after Donald Trump stated in a CNN interview that the ongoing conflict could end sooner than expected.

Following this development:

Crude oil prices dropped sharply by 15–20%

WTI crude fell to around $87

The sharp fall in crude oil prices is a positive relief for global markets, particularly for oil-importing economies like India.

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3️⃣ Market Opening Expectation

Due to the sharp decline in crude oil prices, the Indian market may open with a gap-up of around 200–300 points.

However, markets are still largely driven by geopolitical headlines, and sentiment could change quickly depending on further developments.

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4️⃣ Technical View & Key Levels to Watch

From a longer time frame (daily/weekly charts), the market structure still appears weak.

However, on the shorter timeframe (15-minute charts), Nifty is showing some strength, indicating the possibility of a short-term bounce.

Nifty

Support: 23,650

Resistance: 24,450

Bank Nifty

Support: 55,000

Resistance: 56,900 – 57,200

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5️⃣ Our Stance

As emphasized throughout last week, the best strategy remains “Wait & Watch.”

Markets are currently reacting more to war-related headlines than to technical indicators, which makes trading conditions highly uncertain.

Strategy:

Avoid rushing into fresh investments

Let the volatility settle first

Market direction may become clearer before the upcoming weekend

Patience and capital protection remain the priority for now.