PRE MARKET-->High crude , FIIs Selling & Nifty Below 24,000!
Indian markets enter the new week with a cautious setup.
Crude oil continues to hover at elevated levels, FIIs remained sellers in the previous session, and global markets ended slightly lower.
However, the options market is not showing extreme stress.
The big question now is:
Will Nifty hold 23,800 or start another leg lower?
##Crude Oil Remains the Biggest Risk
Crude continues to trade at elevated levels amid ongoing geopolitical tensions.
##FII Selling Continues, But DIIs Provide Strong Support
FII / DII Activity — 4 September 2026
Cash Market
• FII: -₹3,111.94 Cr
• DII: +₹8,930.12 Cr
FII Derivatives
• Index Futures: -₹122.86 Cr
• Index Options: -₹9,903.29 Cr
• Stock Futures: +₹935.92 Cr
• Stock Options: +₹65.99 Cr
@@PCR: Comfortable, But Not a Strong Bullish Signal
Nifty PCR: 0.84
Bank Nifty PCR: 1.00
These levels suggest that options positioning is not showing an extreme bearish or excessively bullish setup
##LVLS
Nifty: 23,800–24,500 Range in Focus
Strong Support: 23,800
If Nifty holds 23,800, buyers could attempt a recovery towards higher levels.
Major Resistance: 24,500
A decisive breakout above 24,500 would improve the broader short-term structure and could attract fresh buying..
------>Bottom Line
Crude is high. FIIs are selling. But DIIs are absorbing the pressure.
The latest data shows ₹3,111.94 crore of FII selling against a massive ₹8,930.12 crore of DII buying.
##FOCUS STOCKS