📌 Market Cues for Today
Markets are in oversold territory, but lack strong near-term upside triggers
GIFT Nifty indicating a weak open, down ~45 pts
US-EU trade deal fails to lift Wall Street sentiment; focus shifts to corporate earnings & Fed meeting
US-China trade discussions underway
Nifty PCR falls to 0.64 (from 0.71), indicating bearish sentiment
FIIs continue to hold aggressive short positions (85%); Net Index Futures: -1.65 lakh contracts
🌎 Wall Street Overnight
Dow: -0.14%
Nasdaq: +0.33%
S&P 500: +0.02%
Key Earnings This Week:
Meta, Microsoft, Apple, Amazon, UPS, Boeing, P&G, among others
Major Global Triggers Ahead:
US Fed (FOMC) policy outcome
Aug 1st: US trade deal deadline
July US Non-Farm Payrolls data
Indian Markets Recap (Previous Session)
Nifty: -0.63%
Bank Nifty: -0.79%
Nifty Midcap 100: -0.84%
NSE Market Breadth:
Gainers: 687
Losers: 2079
📊 F&O and Derivatives Cues
FIIs net sellers in Index Futures: ₹1,179 Cr
Long/Short Ratio: 15% Long / 85% Short
In past 2 sessions: FIIs sold 2.2 lakh Calls vs 0.83 lakh Puts
Nifty Option Writers’ View:
Resistance zone: 24800–24850
Support zone: 24550–24650
Reversal Watch:
Nifty must cross previous high of 24,889 for a bounce
Bank Nifty needs to reclaim & close above 50-DMA (56,350)
🎯 Stocks to Watch