MORNING EDGE----> Gift Nifty Signals Gap Down as Global AI Trade Strength & Metals Rally — Will Nifty Defend 24,200?

Indian markets are likely to start on a cautious note today. Gift Nifty is indicating a gap-down opening, while US markets closed mildly negative. At the same time, global commodities are showing stronger momentum, with Gold, Silver and Copper gaining attention. Crude Oil also remains volatile, keeping another layer of uncertainty for Indian equities. The key question for today: Will Nifty use the gap-down as a buying opportunity, or will global weakness trigger further profit booking? ##GLOBAL CUES Gift Nifty Signals Gap Down 24,200–24,250 remains the key Buy Zone Global Markets: Mildly Negative Gold, Silver & Copper Picking Up AI Trade Remains Active — IT Stocks Under Pressure? ------>FII-DII Data: Mixed Signal Institutional Activity Segment FII DII Cash Market -₹2,535.10 Cr +₹5,101.46 Cr Index Futures -₹785.35 Cr — Index Options +₹8,422.61 Cr — Stock Futures +₹146.55 Cr — Stock Options -₹428.63 Cr — The most important takeaway is that FIIs sold ₹2,535 crore in the cash market, while DIIs provided strong support with more than ₹5,100 crore of buying. At the same time, FIIs bought heavily in Index Options, with buying of around ₹8,423 crore. @@today's Nifty Levels 24,200–24,250 → Buy Zone This remains the important support area. If Nifty holds this zone after the gap-down opening, buyers could attempt a recovery. 24,480–24,520 → Sell / Profit Booking Zone If the index reaches this zone, traders should watch for resistance and profit booking. ##FOCUS STOCKS ( IT & METALS )

!WIPRO !PERSISTENT !COFORGE !HINDALCO !HINDCOPPER !SAIL ##Bottom Line Global markets are cautious, Gift Nifty points to a gap down, but 24,200 could decide whether the dip becomes an opportunity. Keep an eye on Crude, Global Metals and the AI trade as they could create sector-wise rotation today. Key Levels: Buy Zone: 24,200–24,250 Sell Zone: 24,480–24,520