Foreign institutional investors (FIIs) are showing caution as long positions in index futures decrease, with the long-short ratio dropping to 34.89. The Nifty index is expected to remain range-bound, facing resistance at 24,350–24,400, while holding above the critical support level of 24,100 is crucial to prevent a deeper correction. On Tuesday, the Nifty closed at 24,194.50, down 0.11%, within a narrow 217-point range, indicating long unwinding in the futures and options market.
