Data Watch NSE: 25,683 – 12/01/26

FIIs sold Rs. 1,941.81 cr in Nifty and Rs. 1,006.13 cr in Bank Nifty.

1. FIIs’ net long position stands at 7.5 percent, indicating a high oversold zone.
2. PCR is at 0.54.
3. VIX is at 10.92.
4. FIIs sold Rs. 3,769 cr in the cash segment and Rs. 3,195.30 cr in index futures, while buying Rs. 885.80 cr in stock futures. DIIs bought Rs. 5,595.80 cr in the cash segment.
5. Open interest positions:
   A. FIIs covered 1,118 lots on the long side and created 17,598 lots of shorts.
   B. DIIs bought 503 lots and covered 74 lots of shorts.
   C. Clients bought 7,803 lots on the long side and covered 176 lots of shorts.
   D. Proprietary traders bought 8,752 lots and covered 1,408 lots of shorts.

Note: FIIs’ net long position has declined sharply from 12.88 percent to 7.5 percent in just two trading sessions. PCR is in the oversold zone and at a comfortable level. Overall, all data parameters indicate an oversold condition.

FIIs’ net long position was at a low of 5 percent a few months ago. A further dip of 150–200 points could push it to that extreme oversold zone. However, geopolitical tensions remain high and the market may test or breach those levels. Based on data reading, a dead cat bounce is expected.

Nifty has broken below the broader range of 26,300–25,700. If it closes below 25,565, the index may slide towards 25,445–25,325–25,206.

Intraday levels:

1. If Nifty breaks below 25,635, it may slip to 25,587–25,537–25,489. SL: 25,683.
2. If Nifty trades above 25,733, it may move towards 25,781–25,830. SL: 25,683.