Cues for Today
GIFT Nifty +80 pts indicates a strong opening bias.
Nifty closed near its 50-DMA (~25,815), a key short-term support.
Wall Street rallied after softer-than-expected US inflation.
IT stocks in focus as Accenture maintained guidance, easing demand worries.
FIIs were net buyers in cash for the 2nd straight session, but index shorts remain elevated at ~92%. Sustaining near highs could trigger short-covering / Santa Rally.
Wall Street – Overnight
US markets snapped a 4-day losing streak:
Dow: +0.14%
Nasdaq: +1.38%
S&P 500: +0.79%
US Nov CPI: 2.7% vs 3.1% expected, reinforcing easing inflation trend.
Micron delivered strong guidance; AI-linked stocks outperformed.
Global Stock Watch
Nike:
Stock fell ~10% post results.
China revenue declined; tariff pressures hit margins.
Index & Derivatives Setup
Nifty close: ~25,818, holding 50-DMA.
Key resistance (20-DMA):
Nifty: 25,999
Bank Nifty: 59,263
Prev range: 25,726–25,902.
Options writers positioned for 25,700–25,900, indicating consolidation unless shorts unwind.
Market Flows
DII: +₹2,700 Cr
FII (Cash): +₹596 Cr
FII – F&O:
Index Futures: -₹129 Cr
Stock Futures: +₹2,084 Cr
Index Futures positioning: Long 8% | Short 92% (crowded).
Stocks in Focus