1. Derivatives & Market Setup October Monthly Expiry today — expect heightened volatility. GIFT Nifty indicates a positive start, trading +40 pts higher. Nifty has gained 1,355 points in the October series, showing strong momentum. FII short positions have reduced sharply — from 92% at the start of the series to 74%, signaling short covering ahead of expiry. 2. Global Cues Wall Street ended at record highs overnight: Dow +0.7% | S&P 500 +1.2% | Nasdaq +1.8% Focus shifts to Big Tech earnings — Microsoft, Alphabet, Meta, Apple & Amazon will report on Oct 29–30, setting the tone for global risk sentiment. Key upcoming triggers include: US FOMC policy outcome (Oct 29) — markets expect a rate cut. Reports hint at a potential US–China trade deal breakthrough. 3. Institutional Flows FII: ₹ -55 Cr (marginal outflow) DII: ₹ +2,492 Cr (strong domestic buying continues) 4. F&O Positioning FIIs covered >20,000 short contracts in stock futures on Wednesday. They also unwound 86,000 short calls and wrote over 60,000 index puts, indicating a bullish rollover bias. Nifty options range: 25,950 – 26,150 for expiry day. 5. Key Level to Watch Nifty 26,104 – last week’s high; sustaining above this may trigger momentum toward 26,200+ zones. Stocks in Focus:

HDFCBANK

: Likely to benefit from FII short covering and index strength.

INFY

: In focus ahead of US tech earnings, as Nasdaq strength may boost sentiment in IT space.

#Pre-OpeningCommentary#EquityResearch#MacroViews#Miscellaneous#PsychologyofMoney

804 likes·88 comments