Market tone
Expect a cautiously constructive open. Early cues are mildly positive and domestic flows are providing support, but upside looks capped unless fresh buying (particularly from FIIs) accelerates.
GIFT Nifty (pre-open)
Trading around ≈ 25,150 – 25,180, pointing to a modestly positive start for the cash market.
Nifty 50 — Key levels for the day
- Immediate support: 24,800 – 24,950
- Primary floor: 24,500 – 24,700
- Immediate resistance: 25,000 – 25,200
- Stretch resistance: 25,350 – 25,500
View: Likely intraday band 24,800 – 25,200. Acceptance above 25,200 would open 25,350/25,500; failure below 24,800 risks quicker moves to 24,500.
Institutional flows (most recent full day)
- FII (cash): net seller ≈ ₹1,269 crore
- DII (cash): net buyer ≈ ₹1,933 crore
Domestic institutions continue to absorb foreign selling, which is limiting sharp downside and keeping the market stable.
FII Index-Futures activity (recent repositioning)
- Long contracts added (net): ≈ +4,189
- Short activity: mixed — some short covering mixed with selective fresh short adds
Interpretation: FIIs have been actively re-positioning — adding fresh longs while keeping hedges in place. This is a cautiously bullish stance that can support the market near-term but leaves room for choppy action unless short positions are materially covered.
September options (OI map) — battleground strikes
- Major Call OI / resistance band: around 25,000 – 25,200 CE
- Major Put OI / support band: around 24,000 – 24,800 PE (strong put interest clustered near 24,500 / 24,800)
Implication: The operational range is roughly 24,800 – 25,200, with intraday pivots at ~24,800 (support) and ~25,000 (resistance). Options flow suggests defensive put writing around 24.5k and call supply into 25k–25.2k.
News & market drivers this morning
- Positive risk appetite in pockets of cyclicals (auto/energy) and some relief on trade-talk headlines are underpinning early strength.
- Domestic focus remains on corporate flows, policy chatter, and earnings cadence. Export-linked names continue to react to trade noise.
- Overall, momentum is present but capped by notable overhead call interest.
U.S. events to watch tonight (that can sway global flows)
- Inflation / price gauges and manufacturing activity prints are due in the U.S. — any surprise on inflation or activity can move yields and global risk sentiment, which would feed into India’s markets overnight and into the next session.
Trading playbook — practical rules for today
- Base case: Trade the range 24,800 – 25,200.
- Bull trigger: Sustained trade above 25,200 with rising futures flow → target 25,350 / 25,500.
- Bear trigger: Break and hold below 24,800 → target 24,500 / 24,200.
- Tactics: Buy shallow dips into 24,800–24,950 and trim into strength near 25,000–25,200. Watch early FII futures delta and option OI shifts at 24.8k–25.0k for confirmation of either a breakout (short covering) or capped rallies (fresh short builds).