🌅 Market Mood — Opening Bias
- Indian equities are expected to open cautious and range-bound, heading into the weekend.
- After recent consolidation, traders are avoiding aggressive bets and focusing on capital protection.
- Momentum remains capped near resistance, but no major breakdown signals yet.
- Bias: ⚖️ Sideways with mild negative undertone
🌍 World Markets — Overnight Snapshot
- 🇺🇸 US Markets: Mixed close; higher bond yields continue to restrict risk appetite.
- 🇪🇺 Europe: Slightly weak; growth outlook and rate trajectory remain concerns.
- 🇨🇳 China: Equity sentiment cautious; stimulus hopes persist but lack clarity.
- 🛢️ Crude Oil: Stable to firm — keeps inflation sensitivity alive.
- 💵 Dollar Index: Firm — marginal headwind for emerging markets.
📌 Global tone: Risk-aware, not panic — but no strong bullish trigger.
🟧 Gift Nifty — Early Indication
- Trend: Flat to mildly negative
- Indicated opening: Near previous close
- Message: No major gap expected; intraday range likely to dominate
📊 NIFTY — Support & Resistance Levels
🟢 Support Zones
- 25,750 – 25,700 → Immediate intraday support
- 25,550 → Strong demand zone
- 25,300 → Major swing support
🔴 Resistance Zones
- 25,900 – 25,950 → Immediate supply zone
- 26,100 → Strong psychological resistance
- 26,300 → Trend reversal only above this
📈 Expected Trading Band: 25,700 – 25,950
➡️ Sustained above 25,950 → short-covering possible
➡️ Below 25,700 → pressure toward 25,550
💰 Institutional Flow — Last Trading Day (Directional Read)
🔻 FII (Foreign Institutional Investors)
- Net light sellers / neutral
- No aggressive risk-on positioning
- Futures exposure remains hedged
🟢 DII (Domestic Institutional Investors)
- Continued selective buying
- Supporting declines near key support zones
🧠 Flow takeaway:
This phase reflects consolidation, not distribution.
⚙️ FII Index Futures — Long & Short Positioning
- Long Contracts: Defensive, modest
- Short Contracts: Active as hedges near resistance
- Net stance: ⚖️ Neutral to cautious
📌 Direction will hinge on short covering vs fresh short creation near resistance.
🧭 January 2026 Options OI — Market Structure
📌 Call OI (Resistance)
- 25,900 CE → Heavy call writing
- 26,000 CE → Major ceiling
- 26,200 CE → Upper resistance band
📌 Put OI (Support)
- 25,700 PE → Strong put base
- 25,500 PE → Secondary defense
- 25,000 PE → Structural monthly floor
🧩 OI Message:
- Market is boxed between 25,700 – 25,900
- Directional move only outside this range
💱 USD/INR — Currency Update
- Current zone: ₹88.7 – 89.1
- Trend: Slightly weak rupee
- Equity impact:
- Weak INR supports exporters (IT, Pharma)
- But restrains aggressive FII inflows
⚠️ Sustained move above 89.30 increases equity pressure.
📰 India — Market News & Themes
- Earnings season approaching → stock-specific action dominates
- No major domestic macro trigger today
- Volatility likely to stay moderate
- Traders prefer range strategies over trend chasing
🌎 US Economic Events Tonight (IST)
- US macro data releases
- Fed-related commentary
- Bond-yield reaction will be key for global sentiment
🎯 Hot data: Pressure on global equities
🎯 Soft data: Relief bounce possible next session
🎯 Intraday Trading Playbook
⚖️ Range Strategy (Preferred)
- Buy near: 25,700 – 25,720
- Sell near: 25,900 – 25,950
- Keep tight stop-losses
🟢 Bullish Only If
- Sustained move above 26,000
- Targets: 26,100 → 26,300
🔴 Bearish Only If
- Breakdown below 25,700
- Targets: 25,550 → 25,300
🧾 Quick Snapshot Summary
| Factor | Status |
|---|---|
| Market Bias | ⚖️ Sideways |
| Gift Nifty | Flat |
| FII Flow | Neutral / light sell |
| DII Flow | Supportive |
| USD/INR | Slightly weak |
| OI Structure | Range-bound |
| Global Cues | Cautious |