Market Mood
The tone is cautiously positive. GIFT Nifty is indicating a steady open, though upside momentum is capped unless FIIs extend long build-up. Domestic flows remain supportive, limiting downside.
GIFT Nifty (early read)
Trading around 25,180 – 25,200, showing a mild positive bias versus previous close.
Nifty 50 — Technical Levels
- Immediate support: 25,000 – 24,950
- Major support: 24,750
- Immediate resistance: 25,200 – 25,250
- Upper resistance zone: 25,350 – 25,400
View: Likely range today is 25,000 – 25,250. A sustained breakout above 25,250 opens 25,350/25,400. Weakness appears only if 24,950 breaks convincingly.
Institutional Flows (11 Sept, cash segment)
- FII: net sell ~₹642 crore
- DII: net buy ~₹4,872 crore
Domestic institutions continue to absorb FII selling, giving stability to index levels.
FII Index Futures Positioning (11 Sept)
- Long contracts added: ~+1,250
- Short contracts added: ~+2,400
Interpretation: FIIs increased shorts more than longs → tilt toward hedged / mildly bearish stance. This explains capped rallies despite DII support.
Options OI (September series)
- Heaviest Call OI (resistance): 25,200 – 25,300 CE
- Heaviest Put OI (support): 24,800 – 25,000 PE
Implication: Market has a clear battleground → support band at 24,800–25,000 and resistance at 25,200–25,300. Breakout/breakdown beyond these ranges may set trend for next week.
Key News & Drivers
- Global cues: US markets ended mixed, with tech showing strength while rate-sensitive sectors were muted.
- Domestic: Focus on PSU banks, midcap profit-booking, and auto demand data.
- Rupee trend: Slight weakness, so watch export-linked names (IT, pharma).
- Bond yields: Stable, offering no immediate risk trigger.
U.S. Events to Watch Tonight
- CPI Inflation data (core & headline) — crucial for Fed rate outlook.
- Consumer Sentiment (Michigan survey) — may sway global risk tone.
A hotter CPI print could tighten yields, pressure IT & financials; softer print would be risk-supportive.
Trading Playbook
- Base case: Range trade 25,000 – 25,250.
- Bullish scenario: Hold above 25,200, target 25,350/25,400.
- Bearish scenario: Break below 24,950, opens 24,800 / 24,700.
- Sector focus: IT (global tech cues), PSU banks (domestic flows), Autos (demand updates).