🌅 Market Mood — Opening Outlook
- Indian equities are expected to open flat to mildly positive, with cautious optimism.
- Global cues are steady, but traders remain alert ahead of U.S. macro events tonight.
- Key drivers today:
- USD/INR direction
- FII futures activity
- December options OI behavior
- Bias: ⚖️ Range-bound with intraday volatility
🟩 GIFT Nifty — Pre-Open Signal
- Trend: Slightly positive
- Indication: Flat to mildly higher opening
- Early expected zone: 26,050 – 26,150
- Sentiment: 🟢 Controlled, no aggressive risk-on
📊 NIFTY — Support & Resistance Levels
🟢 Support Zones
- 26,000 – 25,950 → Immediate intraday support
- 25,750 → Strong buying base
- 25,500 → Trend-critical support
🔴 Resistance Zones
- 26,200 – 26,250 → Near-term hurdle
- 26,450 – 26,600 → Strong overhead supply
- 26,800 → Stretch / profit-booking area
📈 Expected Trading Range: 25,950 – 26,250
- Above 26,250 → short-covering possible
- Below 25,950 → selling pressure toward 25,750
💰 Institutional Flow — Last Trading Day
🔻 FII (Foreign Institutional Investors)
- Net sellers in the cash market
- Cautious positioning ahead of global data
🟢 DII (Domestic Institutional Investors)
- Net buyers
- Continues to cushion downside and support large caps
🧠 Interpretation:
Domestic liquidity remains strong; FIIs are waiting for clearer global direction.
⚙️ FII Index Futures — Long & Short Positioning
- Long Contracts: Marginal additions (hedged longs)
- Short Contracts: Partial covering, but short bias not fully unwound
- Net View:
- FIIs remain neutral-to-cautious
- Market vulnerable to short-covering spikes above resistance
📌 Watch first-hour futures OI and price action closely.
🧭 December Options OI — Monthly Structure
📌 Call OI (Resistance)
- 26,200 – 26,500 CE → Heavy call writing
- 26,800 CE → Major ceiling
📌 Put OI (Support)
- 26,000 PE → Strong put base
- 25,800 PE → Secondary support
- 25,500 PE → Structural monthly floor
🧩 Interpretation:
- Immediate battleground: 26,000 – 26,500
- Bulls defending 26,000
- Bears active above 26,300
- Break above 26,500 could trigger fast upside move
💱 USD/INR — Currency Update
- Current range: ~₹88.8 – 89.1 per USD
- Trend: Mildly weak rupee
- Key levels:
- ⚠️ Above 89.30 → negative for equities
- 🟢 Below 88.50 → supportive for risk assets
💡 Impact:
- Weak INR benefits IT & exporters
- But keeps FII inflows cautious
📰 News & Sector Focus
🏦 Banks & Financials
- Supported by domestic buying
- Likely to stabilize the index
💻 IT & Exporters
- Currency tailwind continues
- Sensitive to U.S. tech cues
⚙️ Metals & Energy
- Tracking global commodity movement
- Stock-specific action expected
🏭 Midcaps & Smallcaps
- Selective participation
- Avoid aggressive positions
🌎 U.S. Market Events — Tonight (IST)
- Focus on U.S. economic data and Fed-related commentary
- Markets watching:
- Inflation indicators
- Bond yield movement
- Federal Reserve tone
🎯 Risk: Hawkish signals → pressure on INR & equities
🎯 Opportunity: Softer data → relief rally in EMs
🎯 Intraday Trading Playbook
🟢 Bullish Scenario
- Trigger: Sustained move above 26,250
- Targets: 26,450 → 26,600
- Strategy: Buy dips with tight trailing stops
🔴 Bearish Scenario
- Trigger: Breakdown below 25,950
- Targets: 25,750 → 25,500
- Strategy: Short on pullbacks
⚪ Range-Bound Scenario
- Zone: 25,950 – 26,200
- Strategy:
- Sell calls near resistance
- Buy puts near support
- Keep position size light
🧾 Quick Snapshot Summary
| Segment | Bias | Comment |
|---|---|---|
| GIFT Nifty | 🟢 Mildly Positive | Flat-to-up open |
| FIIs | 🔻 Selling | Cautious |
| DIIs | 🟢 Buying | Market support |
| USD/INR | 🟠 Weak | Near 89 |
| Nifty View | ⚪ Range | 25,950–26,250 |
| U.S. Cues | ⚖️ Mixed | Data-dependent |
✅ Bottom Line
Markets are likely to consolidate with a slight positive bias.
Trade with discipline, respect option zones, and let USD/INR + FII futures flow guide intraday decisions.