Anil Singhvi outlook on Nifty50 ahead of US Fed meet, Trump-Xi talks and big tech results—5 key points

Stock Market Today: Global cues and domestic expiry dynamics are set to drive Indian markets today, according to Zee Business Managing Editor Anil Singhvi. He highlighted that the next two days are crucial for global markets with key events lined up, including the US Fed meeting, the Trump-Xi trade discussions, and major tech earnings.

Global market focus

Singhvi said markets are anticipating a possible interest rate cut from the US Federal Reserve during its upcoming policy meeting. Additionally, Thursday’s scheduled meeting between former US President Donald Trump and Chinese President Xi Jinping on a potential trade deal is expected to influence sentiment.

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All eyes on US Fed and big tech results

“This week is packed with major US tech earnings — Apple, Alphabet, Meta, Amazon, and Microsoft will all announce their results,” he said, adding that US markets have already rallied strongly ahead of these events.

FIIs’ short covering and expiry impact

On the monthly expiry day, Singhvi expects strong short covering from foreign institutional investors (FIIs). “FIIs have begun short covering in this series but remain 74 per cent short. Expiry day could see further short unwinding,” he noted.

He added that FIIs appear more interested in buying stock futures rather than index futures, while domestic funds resumed healthy buying after a brief pause.

Nifty’s key levels: 26,000 remains the ‘make or break’ zone

According to Singhvi, 26,000 is the critical level to watch for Nifty. Both call and put options show an equal open interest of around 1.20 crore contracts, indicating a tight trading range.

“If Nifty sustains above 26,025, we could see a sharp short covering rally towards 26,100,” Singhvi said. He added that the highest put open interest at 25,900 provides strong support for the index.

Trading strategy: Buy on dips, profit booking at higher levels

For intraday traders, Singhvi suggests a “buy-on-dips” approach. “Buy at the first dip and also near key support zones,” he advised.

However, he cautioned that profit booking may emerge at higher levels — around 26,100 for Nifty and 58,500 for Bank Nifty.

“Overall, the market setup remains strong ahead of key global triggers, with short covering likely to provide further support,” Singhvi concluded.