PRE MARKET REPORT------>Nifty Breaks Out! Can Bulls Extend the Rally Despite Another Sharp Surge in Crude Oil?
Indian markets enter today's session with strong momentum after Nifty confirmed a technical breakout in the previous session.
While global cues remain largely neutral, institutional buying and the recent breakout have shifted the focus toward whether the market can continue its upward move.
The only major concern remains crude oil, which has rebounded sharply once again.
##Global Cues
US Markets Plunge Sharply
• US indices witnessed a heavy sell-off in the last session, ending deep in the red.
• Global sentiment has turned risk-off, with sharp pressure seen across major indices.
This weak global cue may weigh on early sentiment, making domestic strength and institutional flows even more critical for today's session.
----->Crude Oil Jumps Another 7%
After recent volatility, crude oil has surged nearly 7% again.
Higher crude prices remain the biggest headwind for Indian equities
##FII / DII Activity (29 July 2026)
Cash Market
• FII: +₹2,981.87 crore
• DII: +₹998.02 crore
FII Derivatives
• Index Futures: +₹1,711.14 crore
• Index Options: +₹6,895.88 crore
• Stock Futures: +₹3,263.12 crore
• Stock Options: +₹310.66 crore
The positioning was broadly bullish.
FIIs were buyers across the cash market, index futures, index options, stock futures and stock options,
##Nifty Has Already Given a Breakout
Yesterday's breakout has changed the short-term technical structure of the market.
Key Levels
Immediate Support: 24,000
Upside Zone: 24,300–24,400
Sectors in Focus-----> METALS