📈
Market snapshot / tone
Markets are set for a mildly positive open. Early overseas cues are constructive and GIFT Nifty is showing a modest premium, but upside is likely capped near the 25,000 area unless flows accelerate.
GIFT Nifty (pre-open)
Trading around ≈ 25,070–25,090 — indicates a small positive bias to the cash open.
Nifty — key levels for the day
- Immediate support: 24,900 – 24,850
- Primary floor: 24,700
- Immediate resistance: 25,050 – 25,100
- Stretch resistance (if momentum builds): 25,200 – 25,300
View: Expect intraday trade inside roughly 24,700 – 25,100. Sustained acceptance above 25,100 would shift bias more bullish; a break below 24,700 opens deeper pullbacks.
Institutional flows (previous trading day: 10 Sept)
- FII (cash): net ~ -₹116 crore (small net sell)
- DII (cash): net ~ +₹5,004 crore (strong domestic buying)
Domestic institutions continue to be the key support line while FII activity is muted-to-slightly-sell.
FII Index-Futures activity (yesterday) — positioning change
- Long contracts added: ≈ +3,900
- Short contracts added: ≈ +200
Interpretation: FIIs significantly rebuilt long exposure while keeping modest short protection — a cautiously bullish re-positioning. Watch whether these longs get supported by short-covering (which would fuel an up leg) or remain hedged (which keeps action choppy).
September options (OI map) — battleground strikes
- Highest Call OI (resistance): 25,000 – 25,200 CE
- Highest Put OI (support): 24,500 – 24,700 PE
Implication: The immediate trading band is roughly 24,500 – 25,200, with a more probable intraday box of 24,900 – 25,050. Put defenders near 24.5k should prop dips; call sellers will likely press rallies into 25k–25.2k.
News & market drivers this morning
- Optimism on trade and softer wholesale inflation overseas is supporting risk appetite.
- Domestic focus remains on corporate updates and policy chatter; exporters will be reactive to any trade headlines.
- Sector bias: cyclical names and IT could lead on the upside; export-linked pockets remain vulnerable to headlines.
U.S. economic events to watch (tonight / overnight)
- Producer Price Index (PPI) — updated inflation read that can move Treasury yields.
- ISM / manufacturing prints and other activity indicators — will influence global risk sentiment and flow into EM markets.
A stronger-than-expected print would push yields up and could cool risk appetite; softer prints would be supportive for equities.
Trading playbook (practical)
- Base case: Range trade 24,900 – 25,050 intraday.
- Bull trigger: Hold and trade above 25,100 with rising futures flow → target 25,200 / 25,300.
- Bear trigger: Break and hold below 24,700 → target 24,500 / 24,300.
- Tactics: Buy dips into 24,850–24,900; trim into strength near 25,000–25,100. Use early futures OI/floor flows to confirm directional conviction (short-covering = quick pops; fresh short builds = weak rallies).