Market mood (headline)
Early cues point to a positive open — risk appetite improved on progress in trade talks and dovish Fed expectations, so markets look constructive but still cautious around the 25,200–25,400 zone.
GIFT Nifty (pre-open)
- Reading: Firm — trading up roughly 50–70 points vs prior close, implying a positive domestic open.
Nifty — key intraday levels
- Immediate support: 25,000 – 24,950
- Primary floor: 24,750
- Immediate resistance: 25,300 – 25,400
- Stretch resistance (if momentum builds): 25,600 – 25,800
View: Expect trading inside roughly 25,000 – 25,400 today; conviction to push above 25.4k will need follow-through from FII futures flow or a very dovish Fed message.
FII / DII (most recent full day: 16 Sept 2025)
- FII (cash): net buy ≈ ₹308.3 crore (modest net buying)
- DII (cash): DIIs continued steady participation (domestic buying supportive
GIFT / FII futures activity (yesterday)
- FII Index Futures (yesterday): FIIs bought ~6,389 index-future contracts and sold ~5,194 contracts — net +1,195 contracts (net long addition). This shows FIIs adding modest net long exposure in futures.
FII Longs & Shorts — snapshot (yesterday)
- Long contracts added (net): ≈ +1,195 (see futures trade counts above).
- Short activity: selective short selling also visible in pockets, but the headline read is a net long add in index futures.
Implication: FIIs are incrementally adding exposure while keeping tactical hedges; that gives a cautiously constructive backdrop but keeps rallies vulnerable to profit-taking.
September options (OI map) — where the battle is
- Heaviest Call OI (resistance area): ~25,200 – 25,400 CE
- Heaviest Put OI (support area): ~24,800 – 25,000 PE
Trade inference: The operational corridor is roughly 24,800 – 25,400. Expect put-defence around 24.8–25.0 and call supply into 25.2–25.4 — breakouts beyond those zones will set the next directional leg.
News & market movers this morning
- Trade talks: Positive signals from U.S.–India trade discussions have improved risk appetite.
- Macro tone: Markets are positioned for a Fed move later today (expectations tilted toward easing), which is supporting equities and weighing on the dollar.
- Sectors to watch: Financials and IT leading on the upside; export-linked names to remain sensitive to trade headlines.
U.S. events to watch (today / tonight, IST)
- Federal Reserve policy decision & Chair’s press conference — this is the main event that will drive global risk into our evening and the next session. Markets are pricing potential rate easing; the Fed statement and Powell’s tone will be critical for yields, dollar and flows into emerging markets.
Trading playbook (practical)
- Base case: range trade 25,000 – 25,400.
- Bull trigger: sustained trade above 25,400 with rising futures flow → upside toward 25,600 / 25,800.
- Bear trigger: decisive break below 24,950 – 24,900 → downside to 24,700 / 24,500.
- Tactics: Buy shallow dips near 25,000 with tight stops; trim into rallies into 25,300–25,400. Watch real-time FII futures delta and option-chain shifts at 25,000–25,400 for quick bias confirmation.