Indian Market Pre-Market Report
🌐 1. GIFT Nifty & Global Cues
- GIFT Nifty is flat to slightly negative, hovering around 24,995–25,000—signaling limited early bias.
- Wall Street was subdued last week amid mixed signals from trade and Fed expectations, while Asian markets are steady ahead of critical US retail sales data tonight.
📊 2. Technical Support & Resistance (Nifty 50)
- Immediate Support: 24,900
- Critical Support: 24,800
- Resistance Near-Term: 25,200–25,260
- Broader Resistance: 25,500
- Commentary: Index is range-bound; holding above 24,900 key to prevent fresh downside, while staying below 25,260 keeps the short-bias intact.
💼 3. Institutional Flow – FII & DII (18 July)
FII & DII Data (cash market):
| Segment | FII Net | DII Net |
|---|---|---|
| Cash | +₹374 cr (modest inflows) | +₹2,103 cr (strong buying) |
FII trend: FIIs have pulled out around ₹10,000 cr over the past 5 sessions, but today saw a small net inflow in cash. DIIs continue to aggressively support the market.
📈 4. FII Index Futures: Long vs Short
- FIIs are net short in index futures—their short positions are nearly double their longs, highlighting persistent caution.
📉 5. July Derivatives Snapshot (Nifty)
- Put‑Call Ratio: ~0.75
- High OI Call Strike: 25,500
- High OI Put Strike: 25,000
The clustering around 25,000–25,500 signals a range-bound regime, with slight bias toward downside protection.
🗞 6. Key News & Corporate Results
- Strong Q1 Earnings: HDFC Bank (+12% YoY profit), ICICI Bank (+15.5% YoY), Reliance (+78% YoY)—helped stabilize markets last week. Mixed results came from JSW Steel, Bandhan Bank (profit down ~65%), and Dr. Reddy’s (FDA observations).
- Today’s Releases: Ultratech Cement, IDBI Bank, Havells, Oberoi Realty, and others set to announce Q1 results—they could steer market direction through the day.
🌍 7. US Market Watch – Key Events Ahead
- June Retail Sales (due ~6:30 PM IST) — a key gauge of consumer sentiment and Fed policy bias.
- Fed Talk: Pause in Fed-speaker events, but global markets now focused on US inflation and trade developments.
📌 8. Summary & Pre‑Open Outlook
- Bias: Mildly negative to neutral—market may start flat but remains range-bound.
- Technical Triggers: Break below 24,900 could open a slide toward 24,800; breach above 25,260 could spark momentum to 25,500.
- Flow Drivers: Small FII cash inflow + persistent DII buying provide limited support, while FII short stance remains unchanged.
- Corporate Catalysts: Watch Q1 earnings from Ultratech to Oberoi Realty; impact-driven volatility expected.
- Global Watch: US retail data tonight could steer sentiment; also keep an eye on trade headlines.
🎯 Suggested Intraday Strategy
- Buy near floor: 24,900–24,950 with tight stop loss below 24,850
- Sell near ceiling: 25,250–25,300 with stop above 25,350
- Sectors/Stocks to Watch: Banks (ICICI, HDFC), Cement (Ultratech), Realty (Oberoi), HFCs (IDBI, GRUH).