Markets kicked off the week on a firm note, with GIFT Nifty signaling a positive start. However, early gains quickly fizzled out as broader market indices turned red. As of 10 AM, data from the Neotrader Dashboard reflects a negative breadth across major indices. Nifty, Bank Nifty, Midcap, and Smallcap indices are all trading lower, with FINNIFTY showing the sharpest decline near -0.75%.

Sectorally, there’s a clear divergence. Nifty Auto, Infra, Metal, and Realty sectors are bucking the trend, showing relative strength and modest gains. On the flip side, sectors like FMCG, Private Banks, and Media are under pressure. The FINNIFTY index also reflects this weakness, aligning with the broader selling pressure.

The Advance-Decline ratio is tilted heavily toward declines, confirming the underlying bearish tone despite the positive global cues earlier in the day. While Asian markets remained supportive, U.S. markets ended on a weaker note, which may be contributing to the cautious undertone.

All eyes now turn to key earnings due today—Hindalco, Max Healthcare, and Dixon Technologies among them—which may inject stock-specific volatility. Until then, traders are advised to stay nimble and focus on sectors showing resilience, especially Auto and Infra.

Neotrader’s live dashboard continues to be a valuable tool for navigating such choppy sessions, giving real-time insights into sector rotations and index behavior. With weak breadth and selling pressure in heavyweight sectors, a “sell on rise” strategy may suit intraday traders today.

Investors should remain vigilant, as market volatility may persist due to global economic factors and domestic earnings announcements. Monitoring sector-specific developments and global market trends will be crucial for informed decision-making in today’s trading session.