“Global winds turning chilly, but domestic buyers hold steady – Nifty safe above 25,850–25,900, dips remain the game until then.”

Daily Outlook: Today's Indian stock market is likely to open flat to mildly negative, but Nifty will face significant selling pressure only if it breaks below 25,850–25,900. Global cues remain weak, yet strong domestic DII buying and stable macros suggest selective dip-buying as the preferred strategy.

Global markets overview US markets closed marginally lower yesterday (Dow −0.09%, S&P −0.16%, Nasdaq −0.59%) as investors await critical US jobs and inflation data this week. Asia-Pacific indices are trading weak – Nikkei down over 1%, Korea's Kospi/Kosdaq under pressure, while Australia remains flat to mildly positive. Defensive buying in gold and US Treasuries reflects a risk-off mood, capping equity upside in the near term. Stocks in action today In a weak global cues + expiry-driven narrow range, focus stays on: Large private banks/financials: ICICI Bank, HDFC Bank, Axis Bank likely to see intraday moves as Bank Nifty tests key zones. IT/export names: TCS, Infosys may react to dollar strength and global risk data. Infra/capital goods/PSUs: Budget-linked sentiment could trigger dip-buying in select power, infra names. Key levels to watch Nifty 50 intraday supports lie at 25,900–25,850; a break below could extend to 25,750, while 26,100–26,200 acts as key resistance near expiry range. Bank Nifty faces immediate resistance at 59,500–59,600; sustained move above opens 59,900–60,200, with 59,000–59,100 as first support. Options data confirms 25,900–26,200 for Nifty and 59,000–60,000 for Bank Nifty as the operative trading corridors today.