🌍 1. Global Sentiment & GIFT Nifty
- GIFT Nifty futures are signaling a weak start, down by approximately 180 points, indicating the Nifty 50 may open sharply lower today.
- The drop follows the surprise announcement of a 25% U.S. tariff on Indian exports, which has rattled investor confidence. This new policy has significantly heightened trade uncertainty.
🎯 2. Key Technical Support & Resistance
| Index | Support Range | Resistance Range |
|---|---|---|
| Nifty 50 | 24,600 – 24,700 | 24,800 – 24,900 |
| Bank Nifty | 55,500 – 56,000 | 56,500 – 57,000 |
- The weak open could lead to an early retest of the 24,600 – 24,700 zone.
- Any bounce may face resistance near 24,800 – 24,900.
💼 3. Institutional Activity: 30 July (Previous Day)
| Segment | Net FII (₹ Cr) | Net DII (₹ Cr) |
|---|---|---|
| Cash Market | –₹6,082 | +₹6,765 |
- FIIs were aggressive sellers, pulling out around ₹6,082 crore.
- DIIs countered strongly, purchasing roughly ₹6,765 crore worth of equities. Their participation helped temper broader downside.
📉 4. FII Positioning in Index Futures
- FIIs continue to hold a very strong net short bias, with around 85% of exposure in short contracts and only 15% in longs.
- No significant signs of short-covering or net long additions were reported, underscoring a defensive posture.
5paisa
📈 5. Nifty July Options Snapshot
- High Put OI Strikes: 24,600 – 24,700
- High Call OI Strikes: 24,800 – 24,900
- Put/Call Ratio (PCR OI): ~1.09, highlighting a cautious or bearish sentiment as expiry nears.
Traders are bracing for a possible move toward 24,600, with resistance likely in the 24,800 – 24,900 band.
🗞 6. Major Market News & Corporate Highlights
- Asia markets are reeling post-tariff announcement, and Indian markets are forecast to open sharply lower.
- L&T and Sun Pharma had helped lift the Nifty in prior sessions, but today’s outlook is bleaker given trade headwinds.
🌐 7. U.S. Economic Events Tonight
- Fed’s rate decision and Chair’s comments – critical for global rate expectations
- Existing Home Sales, Flash PMIs, Jobless Claims – significant indicators of U.S. economic momentum
A dovish outcome could alleviate trade fears, while hawkish language may deepen bearishness worldwide.
🔍 8. Summary & Strategy Overview
- Opening Bias: Bearish stance indicated by steep GIFT Nifty drop
- Technical Range: Crucial support at 24,600; resistance at 24,800–24,900
- Institutional Flows: Continued FII selling; DII remains the stability provider
- Futures Sentiment: Strong bearish tilt; minimal unwinding in sight
- Options Sentiment: Skewed toward downside (PCR > 1)
- Key Risk: Fed decision and U.S. data tonight may heavily influence sentiment
✅ Trade Suggestions
- Buy near 24,650 with tight stop below 24,600; target 24,800–24,900
- Short near 24,900 if resistance holds and momentum fades
- Sector Picks: Export-heavy names (textiles, pharma, auto components) under pressure; financials, infrastructure may find resilience