🌅 Market Mood — Opening View
- The Indian market is expected to open cautious to range-bound.
- Global cues are mixed, and traders are positioning carefully ahead of key U.S. macro signals.
- Primary drivers today:
- USD/INR movement
- FII futures positioning
- Option OI behavior around key strikes
- Bias: ⚖️ Consolidation with stock-specific action
🟩 GIFT Nifty — Pre-Open Indication
- Trend: Flat to mildly negative
- Signal: Muted opening for Nifty
- Early indication range: 25,950 – 26,050
- Sentiment: ⚪ Neutral (wait-and-watch)
📊 NIFTY — Support & Resistance Levels
🟢 Support Zones
- 25,900 – 25,850 → Immediate intraday support
- 25,650 → Strong demand zone
- 25,400 → Trend-critical floor
🔴 Resistance Zones
- 26,100 – 26,150 → Near-term hurdle
- 26,300 – 26,450 → Strong supply area
- 26,700 → Stretch / profit-booking zone
📈 Expected Trading Range: 25,850 – 26,150
- Above 26,150 → short-covering possible
- Below 25,850 → pressure toward 25,650
💰 Institutional Flow Snapshot (Last Trading Day)
🔻 FII (Foreign Institutional Investors)
- Net sellers in the cash market
- Continued cautious stance amid global rate uncertainty
🟢 DII (Domestic Institutional Investors)
- Net buyers
- Consistently supporting the market on declines
🧠 Reading:
Domestic flows remain the stabilising force; FIIs are yet to show aggressive buying interest.
⚙️ FII Index Futures — Long & Short Positioning
- Long Contracts: Marginal increase (protective / hedged longs)
- Short Contracts: Partial covering, but shorts still present
- Net View:
- FIIs are hedged-neutral
- Market remains sensitive to short-covering bursts above resistance
📌 Early futures OI + price action will set the intraday tone.
🧭 December Options OI — Monthly Structure
📌 Call OI (Resistance)
- 26,000 – 26,200 CE → Heavy call writing
- 26,500 CE → Major ceiling for December
📌 Put OI (Support)
- 25,500 – 25,700 PE → Strong put base
- 25,000 PE → Structural monthly support
🧩 Interpretation:
- Immediate battleground: 25,700 – 26,200
- Bulls defending 25,700
- Bears active near 26,200
- Break beyond either side may invite directional move
💱 USD/INR — Currency Check
- Current range: ~₹88.9 – 89.2 per USD
- Trend: Slightly weak rupee
- Key levels:
- ⚠️ Above 89.30 → risk-off for equities
- 🟢 Below 88.50 → supportive for markets
💡 Impact:
- Weak INR supports exporters (IT, Pharma)
- But discourages aggressive FII inflows
📰 News & Sector Focus
🏦 Banks & Financials
- Supported by domestic liquidity
- Likely to provide index stability
💻 IT & Exporters
- Benefiting from weak rupee
- Sensitive to U.S. tech sentiment
⚙️ Metals & Energy
- Tracking global commodity prices
- Volatile, stock-specific moves expected
🏭 Midcaps & Smallcaps
- Selective participation
- Avoid broad exposure today
🌎 U.S. Market Events — Tonight (IST)
- Focus on U.S. macro data and Fed-related commentary
- Markets will watch:
- Inflation expectations
- 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 26,150
- Targets: 26,300 → 26,450
- Strategy: Buy dips, trail stops tightly
🔴 Bearish Scenario
- Trigger: Breakdown below 25,850
- Targets: 25,650 → 25,400
- Strategy: Short on pullbacks
⚪ Range-Bound Scenario
- Zone: 25,850 – 26,100
- Strategy:
- Sell calls near resistance
- Buy puts near support
- Keep position size light
🧾 Quick Snapshot Summary
| Segment | Bias | Comment |
|---|---|---|
| GIFT Nifty | ⚪ Neutral | Flat opening |
| FIIs | 🔻 Selling | Cautious |
| DIIs | 🟢 Buying | Market support |
| USD/INR | 🟠 Weak | Near 89 |
| Nifty View | ⚪ Range | 25,850–26,150 |
| U.S. Cues | ⚖️ Mixed | Data-dependent |
✅ Bottom Line
Markets are likely to consolidate with a cautious tone.
Stay disciplined, respect key levels, and let USD/INR + FII futures flow guide intraday bias.