Nifty eyes 23,317 as FIIs turn net buyers

Nifty 50 closed at 23,146.15, up 0.65%, while FIIs turned net buyers with purchases of ₹1,165.92 crore. However, DIIs sold ₹3,661.28 crore, and the Nasdaq Composite fell 2.15%, creating mixed signals for Monday's session. Key Market Cues GIFT Nifty: 23,112.50, indicating a potentially cautious opening near Friday's close. Nifty support: 22,975.77 Nifty resistance: 23,316.53 Bank Nifty: Support at 55,432.92; resistance at 56,255.08. India VIX: 14.06, up 0.21%, indicating a slight increase in volatility. Brent crude: Around $107.91, easing from recent highs. Market View FII buying and Nifty's strong close provide some support, but DII selling and weak US technology stocks warrant caution. A sustained move above 23,316 could strengthen bullish momentum, while a break below 22,976 may weaken the near-term structure. Stocks and Results to Watch Bajaj Finance, HFCL, Hindustan Zinc, Union Bank of India, LT Technology Services, UltraTech Cement and other companies have scheduled board meetings for results or corporate actions. Watch for actual announcements and market reactions. Learning Outcome: Combining institutional flows, global market cues, volatility and key technical levels helps traders assess market conditions without relying on any single indicator. Disclosure: For educational purposes only. Not investment advice or a guaranteed market forecast.