PRE MARKET EDGE----> Nifty Near Support, Global Cues Muted — Can the Previous Supports Zone Hold Again?

Indian markets enter today's session at an interesting technical point. Crude Oil is broadly holding around the same elevated levels, while global markets remained largely muted with Wall Street seeing some weakness. But the bigger point is Nifty's current position. The Index is now trading near the lower end of its recent range, and this zone also represents a strong confluence of support because it is close to the area from where the previous breakout started. @@This makes today's session important. Global Cues Remain Mixed Crude Oil Crude continues to remain elevated after its recent rise. US Markets: No Major Positive Trigger Wall Street remained relatively subdued in the previous session, with technology stocks continuing to face some pressure. ------>FII-DII Activity: Cash Market Muted, Derivatives Cautious Institutional Activity — 11 August 2026 Segment FII DII Cash Market +₹258.55 Cr +₹24.77 Cr Index Futures -₹646.70 Cr — Index Options -₹24,774.12 Cr — Stock Futures -₹920.73 Cr — Stock Options -₹651.97 Cr — The key takeaway is that cash-market activity remained almost muted. FIIs were marginal buyers of around ₹259 crore, while DIIs bought just around ₹25 crore. ##Nifty at an Important Support Confluence Previous Breakout Zone + Current Lower Range + Technical Support If Support Breaks A decisive breakdown could indicate that the previous breakout structure is losing strength and may bring additional selling pressure. @@STOCKS ON RADAR ( FMCG / OIL & GAS ) $OIL !ONGC !GODREJCP !MARICO !HINDUNILIVER -------->Bottom Line Nifty is back near the zone where the previous breakout began — and that makes this support extremely important. FII-DII cash activity is relatively muted, while FII derivatives positioning remains cautious. That means technical support could play an even bigger role in today's session.