MORNING MARKET BRIEF-------> FII Buying Continues as Nifty Gets Trapped in a Narrow Range — Breakout Ahead?

Indian markets are entering an interesting phase. Nifty’s trading range is getting narrower, while FIIs continue to remain buyers in the cash market. This combination is creating an important setup for the next major move. The key levels are clear: 24,700 — Breakout Trigger 24,500 — Breakdown Trigger After several sessions of consolidation, traders should be prepared for a sharp move once Nifty decisively breaks either side. FII Buying Continues Institutional Activity — 10 August 2026 • FII Cash Market: +₹1,974.76 Cr • DII Cash Market: -₹1,290.29 Cr • FII Index Futures: -₹353.52 Cr • FII Index Options: +₹3,925.22 Cr • FII Stock Futures: -₹597.19 Cr • FII Stock Options: -₹430.67 Cr The most important takeaway is that FIIs bought nearly ₹2,000 crore in the cash market. Although their futures positioning remained mixed, continued cash-market buying suggests that foreign investors are still providing support to Indian equities. ------>Nifty's Range Is Getting Tighter @Above 24,700 A sustained move above 24,700 could trigger fresh buying and potentially open the door for another leg higher. @Below 24,500 A breakdown below 24,500 could increase selling pressure and signal that the current consolidation is turning bearish. ##Crude Oil Jumps Another 6% One concern remains Crude Oil. Crude has jumped another around 6%, which could create pressure on the Indian market if the rise sustains. @@STOCKS ON RADAR ( METALS & IT ) $VEDL !HINDALCO !HINDCOPPER !INFY !NAUKRI !PERSISTENT Global commodity strength & naukri results continues to keep the sectors on investors' radar. ------>Bottom Line Nifty is getting quieter, but the setup is getting more interesting. The combination of narrowing range + continued FII cash buying suggests that the market is approaching a potentially decisive phase. Now traders need to watch just two levels: 24,700 → Breakout could accelerate the upside 24,500 → Breakdown could trigger selling