Nifty eyes 23,166 as FIIs sell ₹5,285 crore

ndian markets may open higher amid positive global cues and falling US Treasury yields. In the previous session, the Nifty 50 gained 1.66% to close at 22,997.35, while the Sensex surged 2.11% to 74,315.61. Global Market Cues S&P 500: +0.33% Nasdaq Composite: +0.08% Dow Jones: +1.08% US 10-year Treasury yield: 5.089%, down 10.1 basis points GIFT Nifty: 23,079 Institutional Activity FIIs sold ₹5,285.37 crore. DIIs bought ₹3,319.39 crore. India VIX stood at 14.03, down 4.04%. Continued FII selling remains a concern despite the previous session's strong rally. Domestic institutional buying may provide some support. Key Technical Levels Nifty 50: Support 22,828 | Resistance 23,166 Bank Nifty: Support 55,401 | Resistance 56,220 Sensex: Support 73,770 | Resistance 74,862 What to Watch Today A sustained move above 23,166 could strengthen Nifty's recovery, while rejection near resistance may trigger consolidation. Monitor FII flows, rupee movement and global bond yields. SEBI's revised CAS framework is also a regulatory development to track. Market View: Neutral to cautiously positive, subject to price confirmation. GIFT Nifty indicates a potential positive opening, not a guaranteed direction. Learning Outcome: Global bond yields, institutional flows, currency movements and technical resistance levels help investors assess market sentiment, but confirmation from price action remains essential.