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Below the Quote on Morning Market by Shilpa Rout, Assistant Vice President Research – Derivatives PL Capital

FIIs Positioning – Sentiment Moderates After Aggressive Build-Up

FIIs’ net long positions have cooled off to 15.5%, down from the recent high of 25% following a sharp short-term build-up. While the drop suggests some unwinding or hesitation at higher levels, participation remains supportive. Sentiment for the day turns cautiously positive, with flows likely to be more stock-specific than index-heavy.

Index Outlook:

NIFTY – Range-Bound to Positive Bias:

The index continues to respect its 25,800 support zone, which now acts as the intraday base.

Upside moves toward 26,050 and 26,130 remain possible, provided the index sustains above support through the first hour.

* Support: 25,800

* Resistance/Target: 26,050 / 26,130

* Tone: Cautious bullish; dip buying may emerge near support levels.

BANKNIFTY :– Holding Ground, Room to Test Higher:

BANKNIFTY remains steady above 58,000, which holds as a key intraday support level.

The index may attempt a move toward 58,800–59,000, especially if Private Sector banks continue to show strength.

* Support: 58,000

* TARGET: 58,800/59,000

* Tone: Stable; strength likely to build if broader market holds.

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