📊 Indian Market Outlook
🔷 GIFT Nifty Trend
GIFT Nifty is indicating a positive start to the day, trading around 25,574, which is approximately +44 points above yesterday’s close.
🔧 Support & Resistance Levels (Nifty 50)
- Support Zone: 25,500 – This is a crucial level. A break below this could trigger further downside pressure.
- Resistance Zone: 25,574 – 25,700 – Momentum beyond this may open up the path toward new highs.
🏦 FII & DII Data (July 9, 2025)
➤ Cash Market Activity:
- Foreign Institutional Investors (FII): Net buyers of ₹77 crore.
- Domestic Institutional Investors (DII): Strong net buying of ₹920.8 crore.
➤ Broader Trend (Past 7–30 Days):
- FIIs (1-week): Net selling ~₹388 crore.
- FIIs (1-month): Net buying ~₹1,359 crore.
- DIIs (1-month): Aggressive buying of over ₹50,000 crore – providing strong domestic support.
📈 FII Derivatives Activity (July 9)
- FIIs were net sellers in index futures, offloading positions worth ~₹991 crore.
- Indicates short-term cautiousness despite long-term equity inflows.
🔁 Option Chain Snapshot (Nifty – July 10 Expiry)
- Maximum Call OI: 26,500 – strong resistance.
- Maximum Put OI: 25,000 – strong support.
- Put/Call Ratio (PCR):
- Nifty PCR: 0.93
- Bank Nifty PCR: 1.01
Interpretation: Market is balanced to slightly bullish with stronger base building at lower levels.
📦 July Series – Futures & OI Data
- Nifty Futures OI: ₹13.3 lakh crore.
- Recent addition of ~0.65 lakh contracts shows long unwinding pattern.
- Traders reducing leverage as markets consolidate.
🌍 Global News & Economic Events
🔺 U.S. Fed Developments
- Fed minutes show mixed stance on rate cuts – no clarity yet.
- Officials acknowledge external trade risks but no urgent policy shift.
🌐 Other Global Cues
- U.S. President has imposed expanded tariffs (55–50%) on key nations including Brazil, Korea, Japan, and Iraq – sparking global demand concerns.
- Crude Oil is down slightly:
- Brent: ~$69.97
- WTI: ~$68.11
🗓️ Major U.S. Events Tonight
- Initial Jobless Claims (for week ending July 5): Expected around 235,000.
- Multiple Fed speakers scheduled – could trigger overnight volatility.