🔑 Nifty Levels Immediate resistance: 22,650–22,750

🔑 Nifty Levels Immediate resistance: 22,650–22,750 Major resistance: 22,900–23,000 Support: 22,350–22,250 Major support: 22,000 View: Sell-on-rise until Nifty sustains above 22,900. FII positioning remains cautious, with short positions in index futures at very elevated levels. This increases the possibility of a sharp short-covering bounce, but traders should avoid assuming that one positive opening means a trend reversal. 📌 Stocks to Watch 1. HDFC Bank — Positive/Bounce Setup The bank is in focus after its quarterly business update; gross advances grew 16.3% YoY to ₹32.19 lakh crore. Watch for strength above Friday's high with volume. 2. Infosys — Positive Watch Infosys ADR gained nearly 8% after Accenture delivered better-than-expected results and raised its FY27 revenue outlook. IT stocks could see short covering today. 3. Nykaa — Momentum Watch The company expects September-quarter consolidated revenue growth in the high twenties YoY, making it an interesting momentum candidate if the broader market supports. 4. Canara Bank — Positive Watch Domestic advances increased 16.8% YoY, while global business grew 15.8%. A sustained move above the opening range could attract momentum buying. 5. Metal Stocks — Caution ⚠️ Metal remains a weak pocket. The Nifty Metal index is testing important technical support, and a breakdown could trigger further selling. 🎯 Trading Strategy Aggressive traders: Look for long trades only after confirmation above the first 30-minute high. Conservative traders: Wait for Nifty to sustain above 22,750–22,800. Below 22,350, weakness can return quickly.