#Nifty: 23205.35 (RSI: 40.7 - Neutral)
#BankNifty: 48589.00 (RSI: 39.2 - Neutral)
🌍 Global Market Sentiment:
• US Markets: Closed mixed with tech under pressure; Dow Jones saw mild gains.
• Asian Markets: Mostly positive as Japan and South Korea led gains, China remains muted.
• European Futures: Indicating a flat to positive opening.
🔶 Index Futures:
• Clients: Closed longs and added shorts → Bearish sentiment
• FIIs: Reduced longs and added shorts → Negative bias persists
• DIIs: Marginally added longs → Neutral stance
• Pro traders: Bought net → Cautious optimism
🔶 Options Data:
• Index Calls: FIIs and Pros added significant positions → Bearish sentiment in calls
• Index Puts: FIIs & Clients added heavy positions → Hedging signals caution
🔶 Stock Futures:
• FIIs: Added longs and closed shorts → Mild bullish sentiment
• DIIs: Added longs → Positive institutional activity
• Pro traders: Reduced longs → Cautious outlook
📌 Trading Strategy for Today:
✅ Long Strategy:
- Market remains neutral; institutional buying in Stock Futures indicates selective strength.
- Best approach: Buy near supports with confirmation of reversal.
- Watch levels: Support at 23100-23050 for Nifty and 48400-48300 for BankNifty.
⚠️ Shorting Strategy:
- Focus on weak pullbacks near resistance zones for shorting opportunities.
- Key resistance levels: 23350-23400 for Nifty.
- Use strict SL as sentiment can reverse near support zones.
🔍 Final Takeaway:
- Global cues remain flat to positive, providing mild support to sentiment.
- FIIs remain cautious, hedging heavily, which indicates limited upside without a breakout.
- Key levels will decide intraday momentum; a bounce from supports is possible but needs confirmation.
🚨 Key Watch Levels:
Support: 23100-23050
Resistance: 23350-23400
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