Market Set-Up for 02 January 2026: Global Cues, FII DII Flow & Technical Outlook

Market Set-Up Today: Global Cues, FII-DII Flow & Technical Outlook
Date: 2 January 2026
Indian equity markets begin the first trading session of 2026 with supportive global cues and a cautiously optimistic derivative setup. Let’s take a detailed look at today’s market set-up, covering global trends, FII-DII activity, derivatives data, and technical levels for Nifty and Bank Nifty.
Global Market Overview
Global cues are largely positive as Asian markets trade in the green despite a holiday in the US markets.
- US markets remained closed due to New Year’s Day
- Dow futures are trading higher by around 104 points
- Asian equities are trading on a positive note
- GIFT Nifty indicates a positive start with a gain of nearly 50 points
Market sentiment: Positive opening bias for Indian equities.
Institutional Activity: FII & DII Data
Foreign and domestic institutional flows show mixed participation in the cash market.
- FII: Net sellers worth ₹3,269 crore
- DII: Net buyers worth ₹1,526 crore
- Net flow: ₹1,743 crore selling pressure
While FIIs remained cautious, DIIs continued to provide support, helping stabilize market sentiment.
Derivatives & Volatility Snapshot
Key derivatives indicators suggest a balanced-to-positive undertone.
- Nifty Put-Call Ratio: 1.13 compared to previous 1.27
- India VIX: 9.18, down by 3.06 percent, indicating lower volatility
- Highest Open Interest (06 Jan 2026 expiry):
- 26200 CE
- 26000 PE
- Max Pain: 26150
Lower VIX and steady PCR indicate reduced fear and controlled volatility in the near term.
FII Activity in Index Derivatives
Change in number of contracts shows selective bullish positioning.
- Futures Long: +1,024
- Futures Short: -936
- Call Long: +44,680
- Call Short: +44,272
- Put Long: +5,372
- Put Short: +23,304
Interpretation: FII positioning remains mixed but tilts towards a mildly positive bias in F&O.
Technical Outlook
Nifty Outlook (Spot)
Nifty has witnessed a strong bounce from the confluence of its 20-day and 50-day moving averages, indicating buying interest at lower levels.
- Immediate resistance: 26,230 and 26,300
- Immediate support: 26,050 and 26,000
Sustaining above the 26,050 zone may encourage further upside momentum.
Bank Nifty Outlook (Spot)
Bank Nifty is showing strength after rebounding from its 50-day moving average.
- Immediate resistance: 59,800 and 60,100
- Key support levels: 59,450 and 59,200
The index needs to hold above 59,450 to maintain its positive structure.
Market View for the Day
The overall market set-up suggests a positive start supported by global cues and reduced volatility. However, cautious FII activity indicates that stock-specific action and technical levels will play a crucial role in today’s trade.
Investors and traders should stay disciplined, focus on key support-resistance zones, and align positions with prevailing market trends.
Trade Smarter with Swastika Investmart
At Swastika Investmart, our SEBI-registered research, real-time market insights, and advanced trading platforms help investors navigate markets with confidence.
.png)

.png)
.webp)
.png)

.png)






