Morning Market Setup – Key Cues

Global Setup Wall Street closed lower overnight Dow -1.18% | S&P500 -0.92% | Nasdaq -0.84% Despite weakness, Alphabet +3% after Berkshire Hathaway bought $4.3 bn worth of shares — helping tech sentiment. Domestic Setup Nifty closed above 26,000 – strong psychological breakout Bank Nifty & Midcap Index hit fresh record highs Gift Nifty indicates -70 pts weak start Overall market remains in Buy-on-Dips mode Weekly options expiry may keep intraday volatility high Flows FII: +₹442 Cr (Cash) DII: +₹1,466 Cr (Cash) FIIs continue mild index long buildup: Index Futures buy: ₹73 Cr FII Longs: 11% → 12% FIIs wrote 1 lakh Puts, covered 20,000 short Calls → bullish undertone. Options Setup: Strong support: 25850–25900 Major resistance: 26100 (near October high) Macro Trigger White House Economic Advisor: “We are close to a trade deal with India.” → Positive for IT, Pharma, Agri, and export-heavy sectors. Stocks in Focus (Block Deals Pressure) MPHASIS Blackstone likely to sell up to 9.5% equity via block deal Floor Price: 4.4% discount to CMP → Stock may open weak; watch for stabilization post supply absorption.

2% equity likely via blocks Floor Price: 3.9% discount → Near-term pressure; sentiment sensitive. EMCURE Bain Capital to sell up to 2% stake Floor Price: ~7% discount → Could see selling at open; medium-term fundamentals intact. 2% equity sale Base Price: 1.9% discount → Mild supply-driven weakness likely.