PRE MARKET-----> Gift Nifty Gap-Up, Gold & Silver Surge 5%+: After 7 Days of Selling, Can Nifty Finally Oversold ?

The biggest global trigger, however, is the sharp rally in Gold and Silver, both surging more than 5%. At the same time, FIIs continue to buy in the cash market, although their derivatives positioning remains defensive. And after seven consecutive sessions of selling pressure, today marks the 8th session — making the opening setup particularly interesting. ##Gold & Silver Surge Over 5% Global precious metals are showing dramatic strength. Gold +5%+ Silver +5%+ Such a sharp move puts the entire precious-metals and mining ecosystem in focus.

!MANAPPURAM !NMDC !HINDZINC ----->Crude Oil Cools Down Crude Oil has cooled somewhat after remaining elevated. ##FII / DII The important point is that FIIs have again remained buyers in the cash market, adding around ₹408 crore. DIIs were even stronger buyers with nearly ₹3,974 crore. However, FIIs remain sellers in: Index Futures: -₹2,493 Cr Index Options: -₹19,126 Cr Stock Options: -₹1,097 Cr So the message remains: Cash Market = Buying Derivatives = Defensive ------>8th Day After Seven Sessions of Selling This is perhaps today's most interesting setup. Nifty has gone through seven consecutive sessions of selling pressure. ------>IT Stocks in Focus — Accenture Rises The second major sector trigger is coming from global IT. !INFY !TCS !COFORGE !MPHASIS ###Bottom Line After 7 days of selling, the market finally gets a gap-up trigger — and global metals + IT are providing additional support. Today's focus will be on whether Nifty can convert the positive opening into a sustained recovery. Metals: Global commodity rally IT: Accenture strength Crude: Cooling FII Cash: Buying FII Derivatives: Still selling