PRE MARKET----> 7th Day of Sell-Off! Crude Stays High, Bond Yields Rise & AI Stocks Tumble — Is Nifty Finally Near a Reversal?

The market is now heading into the 7th consecutive session of selling pressure, while Crude Oil remains elevated. But there is an interesting development in global markets: Bond Yields are rising. Higher bond yields can tighten financial conditions and potentially weigh on demand and growth expectations. If this eventually puts pressure on crude demand, it could provide some relief to India. ------->7th Day of Selling — 24,000 Is the Last Major Support Nifty has remained under pressure for six consecutive sessions, and today marks the 7th day of the ongoing sell-off. 24,000 = Last Major Support If Nifty manages to hold 24,000, the possibility of: Short Covering + Dip Buying + Sector Rotation remains alive. At the same time, global AI-linked stocks have faced selling pressure, which could actually benefit Indian IT stocks ##AI Stocks Tumble — Could Indian IT Benefit? Global AI-related stocks have faced significant selling pressure. For Indian IT companies, this creates an interesting situation.

!TECHM !TCS !COFORGE !PERSISTENT @@FII-DII Data: Cash Buying, But Derivatives Still Bearish — 18 August 2026 Segment FII DII Cash Market +₹1,651.53 Cr +₹2,579.31 Cr Index Futures -₹2,029.03 Cr — Index Options -₹24,163.05 Cr — Stock Futures -₹1,753.00 Cr — Stock Options -₹1,141.29 Cr — There is one NEUTRAL signal: FII Cash Buying: +₹1,651 Cr @@Nifty: 24,000 Is the Line in the Sand today's most important level is: 24,000 Above 24,000 Holding this level could trigger: Short Covering → Dip Buying → Recovery Attempt Below 24,000 A decisive breakdown could open the door to further downside and increase panic selling. Therefore, traders should watch the first hour very carefully. ##Bottom Line Seven days of selling have brought Nifty close to a critical support zone — 24,000. The positive side is that FIIs have returned as cash-market buyers, while DIIs continue to provide strong support.