Market Analysis : September 18,2025.

📉 FIIs Activity FIIs sold ₹1100+ cr in cash. In F&O, they covered some index shorts but not as much as expected, showing they remain cautious. Short positions are still intact at higher levels. 🌍 Global Sentiment The Fed cut rates by 25 bps and guided for two more cuts in 2025, boosting global equities. For India, this is a liquidity-positive event, but FIIs’ hesitation signals they want more clarity before turning aggressive buyers. 📊 Technical View Nifty’s structure stays positive. We expect a test of 25,500 this week. However, FII shorts make this zone a key resistance. Sustaining above 25,500 will likely need strong triggers like earnings surprises or further FII buying. 📈 Market Triggers The spotlight is on corporate results. Demand outlook, margins, and guidance will decide whether Nifty breaks out or sees profit booking. Weak numbers may stall momentum; strong earnings can fuel the next leg higher. 🎯 Our Stance Stay selective. Focus on mid & small caps where stock-specific opportunities exist, but maintain strict stop-losses. Sectors like financials, consumption, and niche manufacturing look favorable, but avoid chasing momentum blindly near index resistance.