1) Opening Snapshot
- GIFT Nifty (pre-open): ~24,965–24,975 (≈ –35 to –45 pts vs Nifty’s previous close) → signals a muted/soft start after recent gains.
- Backdrop: Asia is softer; local sentiment still cushioned by domestic policy optimism, but the street is cautious into global central-bank events.
2) Nifty & Bank Nifty — Intraday Map
Nifty 50
- Supports: 24,800 → 24,720, then 24,600 / 24,450.
- Resistances: 25,000 → 25,120, stretch 25,300.
- Plan: Acceptance above 25,000 can open a squeeze toward 25,120–25,300; sustained trade below 24,720 risks mean-reversion toward 24,600–24,450.
Bank Nifty
- Supports: 52,400 → 52,000.
- Resistances: 53,200 → 53,600 (stretch 53,900).
- Plan: Leadership from large banks is needed to convert any Nifty attempt above 25k into trend.
3) Cash Flows (last trading day — Tue, 19 Aug)
- FII (cash): Net –₹634 cr (continued light supply on upticks).
- DII (cash): Net +₹2,261 cr (domestic bid intact; multi-session buying streak continues).
Read: DIIs are still cushioning dips; FIIs remain selective—so the tape stays two-way near resistance.
4) FII Index Futures — Longs vs Shorts (latest read)
- Posture: FIIs remain net short in index futures; shorts still exceed longs on a structural basis even after recent covering.
- Trading take: If Nifty accepts >25,000, watch for short-covering pops; repeated failure near 25,000–25,120 likely invites fresh call-writing/fades.
5) August Option-Chain — OI Heatmap (Nifty)
- Call OI (resistance): heaviest concentration at/around 25,000 CE (near-week/monthly stack).
- Put OI (support): clustered across 24,850–24,600 PE with a denser shelf just below 24,800.
- Implication: The 25k call wall and 24.7–24.8k put base define the day’s battlefield; clean acceptance beyond either edge likely sets the intraday trend
6) News & Tape to Watch (India/Global)
- Domestic tone: Policy/support chatter keeps consumption and banks in focus; watch headlines in autos/FMCG/infrastructure for follow-through.
- Global tone: Asia softer; markets are in event-risk mode ahead of Fed minutes/Jackson Hole; any tariff or geopolitical headline can override technicals intraday.
7) U.S. Calendar — Tonight (India time)
- FOMC Minutes (July meeting): late evening IST — key for near-term rate-cut odds and risk appetite.
- Jackson Hole kicks off tomorrow; Powell’s speech on Friday is the week’s marquee risk.
- Watch weekly claims / PMIs into Thursday for macro tone.
8) Playbook (actionable checklist)
- Opening zone: If the open holds >24,950 and builds >25,000 with breadth, lean long toward 25,120–25,300; failure/rejection near 25k → fade toward 24,800/24,720.
- Options tells: Watch live OI shifts at 25,000 CE and 24,800–24,700 PE for confirmation or traps.
- Flows: Any sign of FII short-covering in index futures can extend upside; persistent cash selling will cap spikes.
- Sectors: Banks to confirm index thrust; autos/FMCG ride domestic optimism; IT/metals more global-cue sensitive.
One-liner Summary
Soft/flat open likely; 25,000 is the battleground. Above it: scope for a squeeze; below 24,720: risk of a drift back into mid-24k. DIIs supportive, FIIs selective—expect a two-way, news-sensitive session.