🧭 Weekend Eve Snapshot
As the week draws to a close, markets often look ahead to both weekend developments and early next week. A subdued tone is expected at the open, driven by lingering global trade concerns and the typical Friday caution among traders as they position before the weekend.
🔍 Updated Market Cues & Sentiment
1. FII & DII Cash Activity (July 10):
- FII showed modest net buying (~₹221 Cr),
- DII was a stronger net buyer (~₹591 Cr),
reflecting continued domestic support heading into the weekend.
2. FII Derivatives Posture:
- Index Futures: Deep net short (~₹1,834 Cr)—shows caution.
- Index Options: Net long (~₹6,766 Cr)—hints at bullish hedging or protection.
3. GIFT Nifty Futures:
- Trading near 25,408, down about 0.65%—indicating a cautious Friday start.
4. Nifty (Index) – Key Technical Levels:
- Support: 25,300–25,350
- Resistance: 25,450–25,500
Remaining within this range today suggests investors are maintaining positions ahead of weekend.
5. July Options Scene:
The bias in open interest is tilted toward calls, suggesting defensive bullishness or speculative bets on Nifty holding steady or moving higher into expiry.
📊 Corporate Earnings – Friday Watchlist
- No major blue-chip earnings today.
- Only select mid‑cap or small‑cap results may influence niche segments.
- The spotlight remains on the week ahead, with heavyweights like TCS, Infosys, and HDFC Bank reporting soon.
🌍 Global Backdrop & U.S. Events
- Markets are subdued as fresh tariff tensions linger.
- Tonight’s U.S. calendar to watch:
- Federal budget release
- 10‑year Treasury auction
These data points—and any Fed commentary—could impact sentiment into the weekend and shape next week’s openings.
🎯 Key Takeaways for This Friday
| Focus Area | What Traders Should Watch |
|---|---|
| Nifty Support Test | Will 25,300–25,350 hold? |
| FII Activity | Monitoring hedging demand via options |
| Global Sentiment Risk | Any weekend trade news flow or tariff updates |
| U.S. Data Tonight | Budget + bond auction could set tone Monday |