Morning Market Buzz 🚀
Positive Start Ahead: Nifty is set to open higher, with Gift Nifty up around 60 points. Last week, the index gained 1.3%, showing strength.
US-India Relations: A friendly tone from Trump & Modi has lifted sentiment, keeping trade worries in check.
Holiday Note: Money market is shut today, but equity and F&O will run as usual.
Global Cues 🌍
Wall Street ended almost flat – weak US jobs data (just 22k jobs vs 75k expected) raised slowdown fears.
Bond yields slipped – the US 10-year is now at its lowest since April (4.09%), boosting rate-cut hopes.
Oil stays soft around $66, thanks to OPEC+ supply moves.
What FIIs Are Doing 📊
FIIs remain heavily short in index futures (93% short), with very little long positions.
In cash, they sold ₹1,305 Cr, but domestic funds stepped up with ₹1,821 Cr buying, cushioning the market.
The big question: Will FIIs start covering shorts if sentiment improves?
Key Levels to Watch 🔎
Nifty: Support at 24,700, resistance at 24,900–25,000.
Bank Nifty: Support at 54,000, resistance at 54,300–54,600.
Staying above these resistance levels could trigger further upside.
Stocks in Focus 📌