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DEEPAK PAL

17th Jul · SEBI-Registered Analyst

PRE MARKET----> Gift Nifty Indicating Gap-Up Opening Ahead! Can Nifty Make Another Attempt at 24,300 Today?

The market enters today's session with a positive undertone as Gift Nifty is indicating a gap-up opening, while global cues remain largely neutral. With crude oil staying stable and FIIs turning constructive in futures positioning, traders will be watching whether Nifty can once again challenge the important 24,300 resistance zone. ---->Global Cues Remain Supportive Key Overnight Developments • US markets closed with a neutral to stable bias • Crude oil remains largely stable • No major escalation in global risk sentiment ##FII Positioning Turns Constructive Institutional Activity (16 July 2026) • FII Cash Market: -₹4,205.56 crore • DII Cash Market: +₹2,986.41 crore FII Derivatives Positioning • Index Futures: +₹1,994.32 crore • Stock Futures: +₹1,308.49 crore • Index Options: -₹270.41 crore • Stock Options: -₹445.70 crore While FIIs remained sellers in the cash market, the buying seen in both Index Futures and Stock Futures suggests a more optimistic view on near-term market direction. -----> Banking Stocks Could Lead the Market One theme is becoming increasingly clear this earnings season: Banking Results Continue to Surprise Positively

HDFCBANK
ICICIBANK
KOTAKBANK
AUBANK
SBIN
CAPITAL MARKETS STOCKS
ANGELONE
##Ke
GROWW
Nifty
360ONE
## KEY LEVELS imediediate Resistance: 24,300 Key Support: 24,000 What Traders Should Watch • Sustaining above the opening gains • Banking sector participation ------>Bottom Line Today's biggest question is whether Nifty can convert the expected gap-up opening into a fresh attack on 24,300. With banking stocks delivering strong results across segments and FIIs turning positive in futures, the market has enough support to remain fir

#Pre-OpeningCommentary#Today’sTradingSetup#StockInNews#TrendingSectors#SectorBreakouts
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