1. Global & GIFT Nifty Overview
- GIFT Nifty futures indicate a weak open, trading about 40 points down, suggesting Nifty 50 may open flat to slightly negative.
- Global markets remain cautious amid stalled trade talks with the U.S. and ongoing foreign fund outflows. Analysts cite underperformance in private banks and realty sectors as key drags.
🔑 2. Technical Levels – Key Zones to Monitor
| Index | Support Zone | Resistance Zone |
|---|---|---|
| Nifty 50 | 24,600 – 24,700 | 24,800 – 24,900 |
| Bank Nifty | 55,500 – 56,000 | 56,500 – 57,000 |
Expect a trading range between 24,600–24,900, with any clear breakout likely to trade with an impulsive move.
💼 3. Institutional Flow – 29 July 2025 (previous day’s data)
| Segment | Net FII (₹ Cr) | Net DII (₹ Cr) |
|---|---|---|
| Cash Market | –4,637 | +6,147 |
— FIIs sold aggressively (₹4,636.6 cr); DIIs stepped in heavily (₹6,146.8 cr), cushioning the decline.
🔄 4. FII Positioning – Index Futures (29 July snapshot)
- FIIs added approximately 2,926 new short contracts.
- Simultaneously, they cut long positions by around 1,284 contracts—resulting in a net short build-up of 4,210 contracts
- 📈 Open Interest Composition (since the last F&O rollover)
- FII Index Futures Longs: ~32,171 contracts (↓ 41.4%)
- FII Index Futures Shorts: ~177,728 contracts (↑ 97.8%)
- Total Index Futures OI: ~340,078 contracts
- This clearly reinforces a strong bearish tilt, with nearly 86% exposure in shorts
🧾 5. Derivatives – Nifty July Series OI Summary
- High Put OI strikes: 24,600–24,700
- High Call OI strikes: 24,800–24,900
- Put/Call Ratio (PCR): ~1.09 — reflects a cautious or bearish sentiment.
Key Levels: 24,600–24,700 (support), 24,800–24,900 (resistance)
📰 6. Market News & Stock Highlights
- Indian indexes touched six-week lows, driven by sustained FII outflows and lack of clarity on trade agreements. t
- Sector-wise weakness centered on private banks and realty amid macro uncertainty.
- IndusInd Bank reported a return to profitability but flagged rising asset-quality stress.
- Waaree Energies advanced after strong earnings; JK Paper declined after a major stake deal.
🌍 7. U.S. Economic Events Tonight (Critical Triggers)
Watch for:
- Flash PMIs (manufacturing & services)
- Existing Home Sales
- Initial Jobless Claims
- Potential commentary from the Fed
— Market reaction to these data points and remarks could heavily influence global risk sentiment and, by extension, Indian markets tomorrow.
🧭 8. Summary & Strategy
| Focus Area | Outlook |
|---|---|
| Opening Bias | Mild negative, given weak global cues |
| Range to Monitor | 24,600–24,900 (key support/resistance levels) |
| FII Flows | Continued selling in cash; futures remain short-heavy |
| Options Sentiment | PCR above 1, showing defensive posture |
| Stock Drivers | IndusInd Bank earnings, trade deal uncertainty |
| U.S. Triggers | PMI, housing, and labor data to dictate next leg direction |
🛠️ Trade Plan:
- Buy dips: Enter around 24,650–24,700 with stop below 24,600; target 24,800–24,900
- Aggressive shorts: Look near 24,900–24,950 if lack of momentum at resistance
- Watch list: IndusInd Bank, JK Paper, Waaree Energies, private banking names