WHAT ARE KEY FACTORS TO WATCH?

US Treasury yields down 3bps to 4.15% on mixed macro data-as Gold and Silver steady themselves-But Asian stocks edged lower for 2nd day Global defense stocks continue rally on US increasing Copper, nickel zinc futures declines by 2% and Bitcoin down 1.6% Brent crude rises as US putting more measures on Venezuela and seizure of tankers (Russia+Venezuala) Dollar Index strengthens for 3rd day-near 99 China starts anti-dumping duty probe on chip-making companies from Japan Rupee gains on RBI support amid trade uncertainty-below 89/$+GDP growth projection of 7.4% in FY26-2 year high Nifty crucial support at 20EMA, while Nifty Bank still healthy-Nifty Smallcaps-breadth improving in last 5 sessions-Largely sector rotation at play-as pre-budget trade is fizzling out on lack of newsflows FII remains net sellers for 3rd day, FII shorts at 90% vs 87%, India VIX below 10 after 2 sessions Key Longs-Select IT, Pharma Key Shorts-High valued consumptions names