Foreign institutional investors (FIIs) have raised their long positions in stock futures to nearly 60%, indicating a potential market recovery after a recent downturn. The NSE Nifty 50 ended its seven-day losing streak on November 19, 2024, closing at 23,518.5, with 23,500 seen as a critical support level for further gains towards 23,700–24,000. Analysts note significant put writing at lower strikes and a balanced put-call ratio at 23,500, suggesting a swift move towards 24,000 is possible if this level holds.
