MORNING MARKET EDGE-----> Nifty Reverses, FIIs Go Long in Stock Futures & Crude Stays High — Is 24,500 Next?

Indian markets enter today's session with a cautiously bullish setup. Crude Oil remains at elevated levels, while US markets closed broadly flat. More importantly, Nifty and Bank Nifty delivered a strong reversal in yesterday's session, bringing buyers back after recent ***** markets enter today's session with a cautiously bullish setup. ------>Yesterday's Reversal Changes the Setup Nifty and Bank Nifty both witnessed a meaningful reversal in yesterday's session. This suggests that lower levels are attracting buying interest. . Therefore, any meaningful dip could become a buying opportunity ##LEVELS Nifty: 24,000–24,100 Is the Strong Buy Zone The most important support zone for today's session: 24,000–24,100 → Strong Buy Zone If Nifty remains above this area, the recent reversal structure stays intact. A successful hold could open the way towards: 24,500 → Next Major Upside Zone The market could therefore remain in a Buy on Dips mode rather than a Sell on Rise setup. ##FII-DII Data: Interesting Positioning Institutional Activity — 20 August 2026 Segment FII DII Cash Market -₹583.36 Cr +₹3,537.71 Cr Index Futures -₹362.73 Cr — Index Options -₹2,460.16 Cr — Stock Futures +₹3,243.46 Cr — Stock Options +₹185.45 Cr ::FII Stock Futures: +₹3,243 crore This indicates significant buying interest in stock futures. @@Crude Oil Remains High & ENERGY THEME IN FOCUS

!OIL !JSWENERGY !TORNTPOWER !RELIANCE ------->Bottom Line Yesterday's reversal has changed the tone — now the market needs to prove that every dip can attract buyers. FIIs may have sold around ₹583 crore in cash, but their ₹3,243 crore buying in stock futures, combined with strong DII support, provides a more constructive signal. And with crude still elevated, Energy stocks will remain an important sector to watch. Today's strategy: Don't chase strength — watch the dips.