Markets open higher on easing inflation; mixed global cues keep investors cautious
He explained the drag: 'Trump's tariffs and worsening US-India relations have dented market sentiment, encouraging short selling. Combined with tepid earnings growth projections of 8-10% for FY26 and elevated valuations, bears have strengthened their positions. However, any positive geopolitical developments, like the upcoming Trump-Putin talks, could spark a sharp market rebound.'Vijayakumar advises investors with a longer-term horizon (3 years and above) to consider accumulating fairly valued largecaps in sectors such as banking, telecom, capital goods, aviation, and select midcap IT stocks, noting a favorable risk-reward outlook.Meanwhile, technical analyst Amruta Shinde from Choice Broking described the market's cautious mood: 'Indian indices are expected to open positive, supported by the GIFT Nifty's indication of a 110-point uptick in the Nifty 50. However, recent price action shows selling pressure at higher levels and failure to break short- and medium-term moving averages, signaling underlying weakness.'She flagged key support at 24,400 and 24,300 levels for the Nifty, warning that a break below could extend the correction to 24,000. Resistance levels lie at 24,600 and between 24,700-24,800. Bank Nifty's volatile session ended with a 0.84% drop, forming a pattern suggestive of consolidation amid buyer-seller indecision. Immediate support for Bank Nifty is seen at 55,000, with resistance near 55,800-56,000.Institutional flows tell a story of ongoing divergence: FIIs continued their selling spree, offloading equities worth Rs 3,398 crore on August 12, while DIIs bought equities worth Rs 3,507 crore.Given the volatile environment and geopolitical uncertainties, market experts advise investors and traders to maintain caution. A 'wait-and-watch' stance with tight risk management—booking partial profits during rallies and using stop-losses—is prudent. Fresh long positions are recommended only if the Nifty sustains above 24,750.advertisementOverall, the market mood remains cautiously optimistic, with investors closely watching key breakout levels and global developments for fresh cues.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- EndsMust Watch
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