Market Sentiment: Cautiously Neutral
🌐 Global & Domestic Cues
- Global Market Mood: US markets closed mildly lower last night, weighed by trade tensions and caution ahead of key inflation data.
- Asian Markets: Mixed performance; investors are in wait-and-watch mode due to US CPI data release tonight.
- GIFT Nifty: Indicates a slightly negative start, down ~5 points, suggesting a flat to slightly weak opening.
📊 Nifty Technical Levels
- Immediate Support: 25,000
- Next Supports: 24,900 and 24,800
- Resistance Levels: 25,135 – 25,170 – 25,230
Outlook: A break below 25,000 could invite more selling pressure. Sustaining above 25,100 may lead to a move toward 25,200+.
💸 Institutional Activity (July 14)
Foreign Institutional Investors (FII):
- Net Sell: ₹1,615 crore
- Heavy selling pressure continues from FIIs, especially in index futures.
Domestic Institutional Investors (DII):
- Net Buy: ₹1,788 crore
- DIIs remain strong buyers, offsetting FII outflows.
📈 Derivatives Data
FII Futures Position:
- Trend: Net Short
- FIIs continue to carry large short positions in index futures.
Options Open Interest (July Expiry):
- High OI Call Strikes: 25,500 / 25,200
- High OI Put Strikes: 25,000 / 24,800
- Put-Call Ratio: Indicates mild bullishness but vulnerable near 25,000.
🧾 Q1 FY26 Corporate Results
Reported Yesterday:
- HCL Technologies:
- PAT fell 9.7% YoY to ₹3,843 crore
- Revenue up 8.1% YoY
- Interim dividend: ₹12/share
- Commentary was cautious on demand from BFSI and Europe.
- TCS:
- Net profit up 6% YoY to ₹12,760 crore
- Strong performance across verticals; healthy deal wins.
- Ola Electric:
- Net loss widened to ₹428 crore
- Revenue dropped nearly 50% YoY
- Despite poor results, stock gained due to long-term EV optimism.
Results Scheduled Today:
- HDFC Life
- ICICI Prudential Life
- ICICI Lombard General Insurance
These results may influence insurance and BFSI sector sentiment.
🌍 Key Global Economic Event Tonight
- US CPI (June) Release:
- Scheduled for tonight, this is a crucial inflation print.
- Expected to influence US Fed rate outlook and global markets.
- Fed Governor Speech:
- May give further clarity on policy stance post-CPI.
📌 Summary & Strategy
| Factor | View |
|---|---|
| Global Sentiment | Cautiously weak |
| Institutional Flows | FII selling, DII support |
| Technical Setup | Nifty vulnerable below 25,000 |
| Derivative Data | Mixed; watch PCR near supports |
| Corporate Earnings | Mixed performance, IT under pressure |
| US Data Tonight | Major trigger (CPI + Fed speech) |
✅ Trading Outlook
- Short-Term Bias: Range-bound with downward pressure if 25,000 breaks.
- Stock Focus: TCS, HCLTech, HDFC Life, ICICI Pru, Ola Electric.
- Sectors to Watch: IT (reaction to earnings), Insurance (ahead of results), Banks.
Be cautious near key levels and expect volatility around US data release tonight.