Replete Equities

🌅 Morning Brief | 18 September 2026 Good Morning @all 📊 Market Outlook Nifty gained around 150 points over the last two sessions, recovering from the recent sell-off and finding buyers around the 23,150–23,200 zone. The key task today is the weekly close. Holding 23,231 would keep the recent reversal structure intact. A close below 23,118 would weaken the setup and reopen the possibility of further downside. As long as 23,118 holds, the index can remain open for a recovery towards 23,630. Bank Nifty continues to consolidate after its sharp reversal and is holding the 55,700 support zone. Sustaining above this level keeps the possibility of a move towards 57,350, its 200-DMA, open. FII cash selling remains a major pressure point, although DII buying continues to provide some absorption. The bigger question is whether recent FII selling is linked to liquidity being deployed into large IPOs or represents fresh risk reduction. The upcoming NSE listing should provide more clarity. 💰 FII / DII Activity Cash Market FII: -₹3,208 Cr DII: +₹3,617 Cr Week-to-Date FII: -₹8,217 Cr DII: +₹10,211 Cr Month-to-Date FII: -₹7,640 Cr DII: +₹35,198 Cr FIIs remain heavily positioned short in index futures, with approximately 286K net short contracts. 🧭 Derivatives Setup NIFTY Key support: 23,200 / 23,118 Options support: 23,000 Immediate upside zone: 23,630 Options resistance: 23,800 BANK NIFTY Key support: 55,700 Upside level: 57,350 The important point today is not simply whether Nifty opens higher or lower. The weekly close around 23,200–23,231 will provide a much better signal about whether the recent bounce is gaining acceptance. 🏗️ Sector Watch — Cement Cement demand remains slightly soft in September due to monsoon conditions and labour shortages. At the same time: Prices have increased by ₹10–20/bag across several regions. Government capex grew 26% YoY during Apr–Jul. Residential launches declined 10% YoY. Petcoke prices have risen to around $163/ton, creating some margin pressure. The current sector view remains neutral, with demand and input costs both worth monitoring. 🔎 Stock Watch Tata Communications Digital business remains a key focus. D2D presents a potential ~US$1bn opportunity. Management is targeting margin improvement across segments. Improvement in profitability, potentially by Q4FY27, remains an important monitorable. TCS Q2FY27 is expected to be relatively soft. July–August were stronger, while September has been impacted by higher crude and West Asia tensions. Deal wins remain healthy, with Porsche, Metro and BSNL among the highlighted wins. Yatharth Hospital Advent International has proposed a 25% investment for ₹3,150 Cr through equity shares and warrants. The key monitorable is not merely the fund raise, but how the capital is deployed into the hospital business. 💡 Interesting Observation — FII Selling vs Domestic Absorption One interesting feature of the current market is the divergence between foreign selling and domestic buying. Month-to-date, FIIs have sold approximately ₹7,640 Cr, while DIIs have bought around ₹35,198 Cr. Yet the market has continued to struggle. This tells us that flow data alone doesn't explain price behaviour. The timing, instrument and type of selling matter — particularly whether foreign outflows are being redirected towards IPOs or represent genuine reduction in equity exposure. For traders, this is a useful reminder: don't interpret one data point in isolation. Combine flows with price structure, breadth, options positioning and volatility. ⚡ Track It Live With Replete Alpha Markets are currently at an important decision point around 23,200–23,231. Instead of relying on a single indicator, track the complete market structure through Replete Alpha — price, breadth, options, volatility and institutional flows in one dashboard. 👉 Explore Replete Alpha: [alpha.repleteequities.com](https://alpha.repleteequities.com?utm_source=chatgpt.com) Data → Decision → Execution.

🌅 Morning Brief | 17 September 2026 Good Morning @all 📊 Market Outlook Nifty gained ~0.5% yesterday after finding buying interest around the 23,150–23,200 support zone. The key level today remains 23,118, Tuesday’s low. A close below this level could open the possibility of another 500–600 point downside. On the upside, 23,630 remains the key level for negating the current bearish structure. If 23,118 holds, the index could attempt a technical bounce towards 23,630. Bank Nifty also bounced ~500 points from the 55,700 area and continues to hold this important support. Sustaining above 55,700 keeps the possibility of a move towards 57,350, its 200-DMA, open. However, the FOMC outcome and its impact on US yields, dollar and global risk sentiment will remain important for today's market behaviour. 💰 FII / DII Activity Cash Market FII: -₹2,032 Cr DII: +₹3,908 Cr Month-to-Date FII: -₹4,431 Cr DII: +₹31,581 Cr FIIs remain significantly net short in index futures, with their net position at around 284K short contracts. 🌎 US Fed: Key Takeaway The Fed raised rates by 25 bps, its first hike since 2023, with commentary remaining hawkish. The key message is that while the US economy and jobs market remain strong, inflation is still not cooling quickly enough. The dot plot indicates the possibility of one more hike in 2026. Following the decision: Equities declined Bonds weakened Dollar strengthened For Indian markets, the reaction in US Treasury yields and the dollar will be important alongside crude prices. 🇮🇳 Trade Deficit August goods trade deficit narrowed to $26.9 billion, improving by $5.1 billion. Some encouraging data points: Non-oil exports grew 17% YoY Electronics exports grew 51% Core deficit narrowed to $15 billion Strong FCNR inflows are expected to support the INR Oil prices remain the key monitorable 🏦 Interesting Observation — Bank Nifty vs Nifty The Bank Nifty/Nifty ratio is showing an important structural development. After failing at a prior breakout attempt in June, the ratio has now moved above the major horizontal resistance zone created around the 2021 and 2023 highs. The ratio is also trading near its highest level since the Covid-era, indicating a significant shift in relative momentum towards banking. The next few sessions are important. If the breakout sustains, it could indicate continued relative strength in banking. A failure to follow through, however, would raise the possibility of the ratio reversing back into its earlier range. This is exactly why we track relative strength, rather than looking at Nifty and Bank Nifty in isolation. 📌 Levels to Watch NIFTY Support: 23,118 / 23,150–23,200 Resistance: 23,630 Options support: 23,000 Options resistance: 23,800 BANK NIFTY Support: 55,700 Resistance / objective: 57,350 ⚡ Follow the Market With Replete Alpha Instead of reacting to headlines after the market moves, Replete Alpha brings together price action, breadth, options data, volatility and institutional flows into one decision framework. Use the dashboard to understand what the market is actually doing before taking an execution decision. 👉 Explore Replete Alpha: Data → Decision → Execution.

🌅 Morning Brief | 17 September 2026 Good Morning @all 📊 Market Outlook Nifty gained ~0.5% yesterday after finding buying interest around the 23,150–23,200 support zone. The key level today remains 23,118, Tuesday’s low. A close below this level could open the possibility of another 500–600 point downside. On the upside, 23,630 remains the key level for negating the current bearish structure. If 23,118 holds, the index could attempt a technical bounce towards 23,630. Bank Nifty also bounced ~500 points from the 55,700 area and continues to hold this important support. Sustaining above 55,700 keeps the possibility of a move towards 57,350, its 200-DMA, open. However, the FOMC outcome and its impact on US yields, dollar and global risk sentiment will remain important for today's market behaviour. 💰 FII / DII Activity Cash Market FII: -₹2,032 Cr DII: +₹3,908 Cr Month-to-Date FII: -₹4,431 Cr DII: +₹31,581 Cr FIIs remain significantly net short in index futures, with their net position at around 284K short contracts. 🌎 US Fed: Key Takeaway The Fed raised rates by 25 bps, its first hike since 2023, with commentary remaining hawkish. The key message is that while the US economy and jobs market remain strong, inflation is still not cooling quickly enough. The dot plot indicates the possibility of one more hike in 2026. Following the decision: Equities declined Bonds weakened Dollar strengthened For Indian markets, the reaction in US Treasury yields and the dollar will be important alongside crude prices. 🇮🇳 Trade Deficit August goods trade deficit narrowed to $26.9 billion, improving by $5.1 billion. Some encouraging data points: Non-oil exports grew 17% YoY Electronics exports grew 51% Core deficit narrowed to $15 billion Strong FCNR inflows are expected to support the INR Oil prices remain the key monitorable 🏦 Interesting Observation — Bank Nifty vs Nifty The Bank Nifty/Nifty ratio is showing an important structural development. After failing at a prior breakout attempt in June, the ratio has now moved above the major horizontal resistance zone created around the 2021 and 2023 highs. The ratio is also trading near its highest level since the Covid-era, indicating a significant shift in relative momentum towards banking. The next few sessions are important. If the breakout sustains, it could indicate continued relative strength in banking. A failure to follow through, however, would raise the possibility of the ratio reversing back into its earlier range. This is exactly why we track relative strength, rather than looking at Nifty and Bank Nifty in isolation. 📌 Levels to Watch NIFTY Support: 23,118 / 23,150–23,200 Resistance: 23,630 Options support: 23,000 Options resistance: 23,800 BANK NIFTY Support: 55,700 Resistance / objective: 57,350 ⚡ Follow the Market With Replete Alpha Instead of reacting to headlines after the market moves, Replete Alpha brings together price action, breadth, options data, volatility and institutional flows into one decision framework. Use the dashboard to understand what the market is actually doing before taking an execution decision. 👉 Explore Replete Alpha: Data → Decision → Execution.

EOD | Replete Execution System Not every trading day ends in profit. The system has to survive those days too. Yesterday, the Execution System delivered ₹30K+ profit. Today, we closed at -₹6,955. 📊 Today’s execution Closing P&L: -₹6,955 Intraday low: -₹16,900 Maximum drawdown: ₹16,900 The day involved significant volatility and recovery from the intraday drawdown. The important part is not to hide the losing day. It is to understand how the system responds when the market does not behave as expected. After the recent CAS framework changes, we have been actively optimising our baskets and execution parameters rather than simply complaining about the change in market behaviour. That is what systematic trading should be: Observe → Adapt → Optimise → Execute. One losing day does not define an execution framework. The objective is to manage risk through difficult sessions and allow the system to compound across a larger sample of trades. Yesterday ₹30K+ profit. Today a controlled losing day. Both are part of the journey. If you want to see how our baskets are structured and how the Execution System is adapting to the post-CAS environment: 👉 Explore & Join the Replete Execution System:https://www.repleteequities.com/execution-system Data → Decision → Execution. Trading involves risk. Past performance does not guarantee future results.

Q2 growth is expected to remain healthy across several major companies: • Nestlé — ~20% revenue growth expected • HUL — ~13% sales growth • Tata Consumer — double-digit sales growth • Emami — ~45–50% sales growth expected The sector remains worth monitoring as a relatively defensive area while broader market risk appetite remains weak. ━━━━━━━━━━━━━━━━━━ 🎯 WHAT WE ARE WATCHING TODAY ━━━━━━━━━━━━━━━━━━ 1️⃣ Nifty 23,118 — yesterday's low 2️⃣ Nifty 23,150–23,200 — key support zone 3️⃣ Nifty 23,630 — recovery / structure-improvement level 4️⃣ Nifty 23,000 — next options support 5️⃣ Bank Nifty 55,700 — critical support 6️⃣ Bank Nifty 57,350 — 200-DMA / upside reference 7️⃣ FII futures — ~2.87 lakh net short 8️⃣ Crude — ₹107–108 zone 9️⃣ US Treasury yields — global risk indicator 🔟 Fed decision tonight — major volatility trigger Yesterday's selling was aggressive, but today's session is about understanding whether that pressure continues after the initial adjustment. With the market deeply oversold, both continuation risk and sharp counter-trend moves need to be respected. This is a market for disciplined risk management rather than aggressive assumptions. Data → Decision → Execution. Educational content only. Not a recommendation to enter any trade. Trading derivatives involves substantial risk. ━━━━━━━━━━━━━━━━━━ 🧠 FOLLOW REPLE​​TE ALPHA ━━━━━━━━━━━━━━━━━━ Want to track the market structure live instead of waiting for the morning brief? Replete Alpha brings together: • Live market bias • Key support & resistance • Options positioning • Market breadth • Institutional flows • Volatility • Risk invalidation levels A structured decision terminal for traders who want to combine data before taking action. 👉 Explore Replete Alpha: https://alpha.repleteequities.com Data → Decision → Execution.

📈 MORNING BRIEF | Wednesday, 16 September 2026 Good Morning @all Yesterday was a sharp risk-off session. Nifty corrected nearly 300 points, market breadth deteriorated to 1:5 and mid- and small-cap indices fell around 2–2.5%. The selling was not limited to a few large-cap names. The bigger question now is whether yesterday's selling marks the beginning of another leg lower or whether the market can stabilise around the current support zone. ━━━━━━━━━━━━━━━━━━ 📊 NIFTY | 23,150 IN FOCUS ━━━━━━━━━━━━━━━━━━ Nifty has already reached the 23,150–23,200 zone discussed earlier. However, the CAS-adjusted close yesterday slipped below 23,150. The next important reference is yesterday's low of 23,118. Key levels: 🟢 Support: 23,150–23,200 ⚠️ Key breakdown: Below 23,118 🔴 Recovery trigger: 23,630 🔴 Major resistance: 24,000 If Nifty manages to hold above yesterday's low, 23,150 could continue to act as support and allow a bounce towards 23,630. However, a close below 23,118 would open the possibility of another 500–600 point move lower. For the broader bearish structure to be negated, Nifty needs to close above 23,630. ━━━━━━━━━━━━━━━━━━ 🏦 BANK NIFTY | 55,700 SUPPORT ━━━━━━━━━━━━━━━━━━ Bank Nifty also gave up most of the strong reversal seen on Friday during yesterday's trending decline. The index fell around 1.5%, including the CAS-adjusted closing. The key level now is Friday's low: 🟢 Support: 55,700 🔴 Upside trigger: 57,350 🔴 200-DMA: ~57,350 As long as 55,700 holds, a reversal towards 57,350 remains possible. A break of Friday's low would weaken that setup further. ━━━━━━━━━━━━━━━━━━ 💰 INSTITUTIONAL FLOWS ━━━━━━━━━━━━━━━━━━ Yesterday's Cash Market Activity: • FII: -₹2,977 Cr • DII: +₹2,686 Cr Week-to-Date: • FII: -₹2,977 Cr • DII: +₹2,686 Cr Month-to-Date: • FII: -₹2,399 Cr • DII: +₹27,673 Cr The contrast remains significant. DII buying continues to provide a domestic cushion, while FII selling has intensified. FII selling across cash and futures has also been accompanied by significant short additions. ━━━━━━━━━━━━━━━━━━ 📌 DERIVATIVES POSITIONING ━━━━━━━━━━━━━━━━━━ FIIs added another ~7,000 short contracts in Index Futures. Their net short position now stands at approximately: 🔴 2.87 lakh contracts Options positioning: 🟢 Support: 23,000 🔴 Resistance: 24,000 With FII shorts continuing to build, the ability of Nifty to defend the 23,000–23,150 region becomes increasingly important. ━━━━━━━━━━━━━━━━━━ 🔍 INTERESTING OBSERVATION ━━━━━━━━━━━━━━━━━━ Nifty's 14-day RSI has now fallen below 23. Such an extreme oversold reading has occurred only five other times since 2010 — in 2011, 2016, 2018, 2020 and 2025. Historically, the one-month period following these extreme readings was generally sideways to positive, with 2020 being the notable exception. The medium-term numbers are even more interesting. Across the historical instances: 📊 3-month average return: +6.6% 📊 6-month average return: +15.6% This does not mean an immediate bottom has been confirmed. Oversold conditions can remain oversold while the underlying trend continues to weaken. But it does tell us something important: The market is entering a zone where mean-reversion risk is increasing. So while short-term price action remains under pressure, the next few weeks could become increasingly interesting if Nifty can establish a base around the current support zone. ━━━━━━━━━━━━━━━━━━ 🌍 MACRO WATCH ━━━━━━━━━━━━━━━━━━ Three variables remain particularly important today: 1️⃣ Crude — currently around $107–108 2️⃣ US Treasury yields — continuing to rise 3️⃣ Federal Reserve — September policy decision due today Markets are already pricing in significant uncertainty around inflation and interest rates. The Fed outcome and accompanying commentary could therefore create another volatility event for global markets. ━━━━━━━━━━━━━━━━━━ 🥫 SECTOR WATCH | FMCG ━━━━━━━━━━━━━━━━━━ FMCG remains one of the sectors showing relatively strong earnings expectations.

⚡️ WEEKLY EXPIRY | MARKET HOUR UPDATE Today is weekly expiry, and the current market structure on Replete Alpha is clearly leaning bearish. Nifty Futures: 23,366 Spot: 23,335 ━━━━━━━━━━━━━━━━━━ 📊 ALPHA BIAS | BEARISH ━━━━━━━━━━━━━━━━━━ Current Alpha Bias: 🔴 Bearish Confidence: 75% Coverage: 89% The downside pressure is being supported by: • Weak market breadth • Bearish PCR at 0.60 • Short buildup in the market • Weak sector participation • Nifty trading close to max pain • Volatility remaining relatively compressed Only 14 Nifty constituents are advancing against 34 declining. That breadth is an important warning that the weakness is broad rather than being limited to a few heavyweights. ━━━━━━━━━━━━━━━━━━ 🎯 KEY LEVELS ━━━━━━━━━━━━━━━━━━ 🟢 Support: 23,300 🔴 Resistance: 23,400 ⚠️ Weekly invalidation: 23,452.55 🎯 Max Pain: 23,350 🎯 Expiry Gravity: 23,500 The market is currently sitting almost exactly around the max-pain zone. For the bearish thesis to remain valid, 23,400–23,452 needs to continue acting as resistance. A sustained move above 23,452 would invalidate the current bearish setup. On the downside, 23,300 is the immediate level to watch. ━━━━━━━━━━━━━━━━━━ 📌 OPTIONS POSITIONING ━━━━━━━━━━━━━━━━━━ PCR: 0.60 The current put/call structure indicates stronger call-side positioning and bearish sentiment. With expiry today, price can remain highly sensitive around the key strikes. This is exactly where blindly interpreting one indicator can become dangerous. Price + OI + breadth + volatility need to be read together. ━━━━━━━━━━━━━━━━━━ 💰 INSTITUTIONAL FLOW ━━━━━━━━━━━━━━━━━━ FII: -₹931 Cr DII: +₹1,968 Cr Domestic institutional buying is providing some support, but the broader market structure remains cautious. The important question for expiry is whether buyers can reclaim 23,400 and invalidate the current bearish setup. ━━━━━━━━━━━━━━━━━━ 🧠 THE BIGGER POINT Expiry days are not about predicting every tick. They are about knowing: Where is the market positioned? Where is the risk concentrated? What level invalidates the current view? And what happens if that level breaks? That is the difference between watching the market and actually having a decision framework. ━━━━━━━━━━━━━━━━━━ 🚀 FOLLOW REPL​​ETE ALPHA We built Replete Alpha to bring this kind of market intelligence into one decision terminal. Live market structure. Alpha bias. Options intelligence. Breadth. Institutional flows. Key levels. Risk invalidation. All in one place. If you want a structured market desk instead of scrolling through multiple sources during expiry: 👉 Explore Replete Alpha: https://alpha.repleteequities.com Markets change quickly. Your decision framework should keep up. Educational content only. Not a recommendation to enter any trade. Trading derivatives involves substantial risk.

For Indian IT, this provides a near-term positive trigger. However, US rates and crude remain the key macro risks. ━━━━━━━━━━━━━━━━━━ 🏦 STOCK WATCH | HDFC BANK ━━━━━━━━━━━━━━━━━━ HDFC Bank has reportedly submitted two names to the RBI for the MD position. The internal candidate, Kezad Bharucha, is viewed positively for continuity. An external candidate could potentially lead to a broader management reset. The near-term reaction could therefore remain sensitive to leadership clarity, with the final appointment likely becoming an important catalyst for the stock. ━━━━━━━━━━━━━━━━━━ 🎯 WHAT WE ARE WATCHING TODAY ━━━━━━━━━━━━━━━━━━ 1️⃣ Nifty 23,150–23,200 — critical support 2️⃣ Nifty 23,650 — first recovery hurdle 3️⃣ Nifty 23,900–24,000 — major resistance 4️⃣ Bank Nifty 56,050 — reversal zone 5️⃣ Bank Nifty 57,150 — key resistance 6️⃣ FII futures — ~2.80 lakh net short 7️⃣ Crude — still above $100 8️⃣ US 10Y yields — key global risk variable 9️⃣ IT & Banking — potential leadership for the bounce 🔟 Nifty/USD vs ACWI ratio — long-term relative-strength inflection point The market has moved from a persistent decline towards a potential technical recovery zone. But the distinction is important: A bounce is not yet a trend reversal. The next few sessions will tell us whether Friday's buying was the beginning of meaningful short covering or simply another counter-trend move. Data → Decision → Execution. https://alpha.repleteequities.com Educational content only. Not a recommendation to enter any trade. Trading derivatives involves substantial risk.

📈 MORNING BRIEF | Tuesday, 15 September 2026 Good Morning @all After five consecutive weeks of decline, Nifty finally showed meaningful buying from the 23,200 zone on Friday. The setup is still cautious, but the risk-reward is beginning to change. The key question this week is whether Friday's reversal develops into sustained short covering or remains just a technical bounce. ━━━━━━━━━━━━━━━━━━ 📊 NIFTY | BOUNCE ATTEMPT ━━━━━━━━━━━━━━━━━━ Nifty lost around 500 points last week after breaking below 24,000, but Friday's intraday action showed buyers defending the 23,200 zone. Key levels for the week: 🟢 Support: 23,150–23,200 🔴 Immediate resistance: 23,650 🔴 Major resistance: 23,900–24,000 If 23,150–23,200 continues to hold, a technical bounce towards 23,650–23,900 remains possible. IT names and banking heavyweights could provide leadership to any recovery. However, one day of reversal does not change the broader trend. For the recovery to gain credibility, Nifty needs to sustain above the immediate resistance levels and eventually reclaim 24,000. US 10Y yields and crude prices remain important variables that could keep the upside under control. ━━━━━━━━━━━━━━━━━━ 🏦 BANK NIFTY | SHORT COVERING IN FOCUS ━━━━━━━━━━━━━━━━━━ Bank Nifty completed both downside targets of 56,500 and 56,050 before staging a sharp 1,000-point intraday reversal on Friday. This reversal is important because it came directly from the previously identified support zone. As long as the reversal zone holds: 🟢 Support: 56,050 🔴 Resistance: 57,150 🎯 Upside zones: 57,500–58,000 The current structure leaves room for further short covering. But the key is whether the index can sustain the recovery rather than simply produce another intraday reversal. ━━━━━━━━━━━━━━━━━━ 💰 INSTITUTIONAL FLOWS ━━━━━━━━━━━━━━━━━━ Friday's Cash Market Activity: • FII: -₹930 Cr • DII: +₹1,968 Cr Week-to-Date: • FII: -₹1,793 Cr • DII: +₹6,417 Cr Month-to-Date: • FII: +₹578 Cr • DII: +₹24,986 Cr Domestic institutional flows continue to provide a meaningful cushion, while FII positioning remains heavily short. ━━━━━━━━━━━━━━━━━━ 📌 DERIVATIVES POSITIONING ━━━━━━━━━━━━━━━━━━ FIIs added around 3,000 long contracts in Index Futures on Friday. However, their overall positioning remains heavily bearish: 🔴 Net FII short position: ~2.80 lakh contracts Options positioning: 🟢 Support: 23,000 🔴 Resistance: 24,000 This creates an interesting setup. Price action → attempting a reversal FII futures → still heavily short Support → defended The next sustained move could therefore be important for determining whether short covering accelerates. ━━━━━━━━━━━━━━━━━━ 🔍 INTERESTING OBSERVATION ━━━━━━━━━━━━━━━━━━ One of the more interesting charts to watch right now is the Nifty in USD relative to the MSCI All-Country World Index. The ratio has fallen to levels close to the lowest seen since 2013. This means that, relative to global equities, Nifty's recent underperformance has become historically stretched. The important point is that a reversal in this ratio does not necessarily require India to enter a strong standalone bull market. It could happen through several paths: • Nifty outperforming during a global rally • Nifty showing greater resilience during a global correction • Nifty rising while global markets remain relatively stagnant All three scenarios have the same implication: The room for continued Indian underperformance versus global equities may be becoming increasingly limited. This makes the ratio an important structural indicator to monitor over the coming months. ━━━━━━━━━━━━━━━━━━ 💻 SECTOR WATCH | IT ━━━━━━━━━━━━━━━━━━ Indian IT stocks could see a positive start after strong global IT performance overnight. The latest trigger came from comments around responsible and regulated AI development. If AI development becomes more focused on deployment and applications rather than simply increasing model scale, companies that can help enterprises implement AI could remain important beneficiaries.

MONDAY | Where Is Your Trading Actually Breaking? 🧠 Before you take another trade, find out what is actually holding your trading back. Most traders immediately look for: • A better strategy • A better indicator • A better entry But the real constraint may be risk, execution, discipline or process. The Replete Trader Diagnostic™ helps you identify it. 📊 19 questions | ~5 minutes | Free Get your: • Trading Maturity Score™ • Trading Archetype • Primary Trading Constraint 👉 Take the Diagnostic: https://www.diagnostic.repleteequities.com/ Understand the problem before trying to fix it.

Happy Ganesh Chaturthi! 🐘✨ In markets and in life, the biggest advantage is not always knowing what comes next. It is having the clarity, patience and discipline to make the right decision when it matters. May Lord Ganesha remove the obstacles from our path, bring clarity to our decisions, and guide us towards better decisions, sustainable growth and long-term prosperity. Because wealth creation isn't about chasing every opportunity. It is about having the discipline to choose the right ones. Wishing you and your family a prosperous and blessed Ganesh Chaturthi. 🙏 Ganpati Bappa Morya! — Replete Equities Let’s Grow Together Discipline Builds Wealth #GaneshChaturthi #RepleteEquities #DisciplineBuildsWealth #WealthCreation #TradingDiscipline #Investing #FinancialDiscipline #GanpatiBappaMorya

📊 WEEKLY EXECUTION JOURNAL | 7–11 September 2026 This week closed with ₹77,426.00 of realised P&L from our Execution System. Daily P&L: Monday: ₹6,571.50 Tuesday: ₹25,216.50 Wednesday: ₹27,372.00 Thursday: ₹16,088.50 Friday: ₹2,177.50 Total: ₹77,426.00 But the bigger takeaway from this week is not the number. It is what happened after CAS. The last few weeks have been challenging for option sellers. Option premiums have behaved differently. Intraday adjustments have become more important. Market behaviour has become less predictable around certain sessions. There are two ways to respond to a structural change in the market: 1️⃣ Complain that the market has changed. 2️⃣ Accept the change, study the behaviour and optimise the strategy. We chose the second. Our approach after CAS has been to continuously review: • Premium behaviour • Volatility • Position sizing • Entry and exit logic • Adjustment requirements • Basket construction • Risk limits The objective is simple: Don't force the old strategy into a new market. Adapt the strategy to the market. This is what we mean by a structured execution system. The ₹77,426 weekly P&L is only one outcome. The real value is having a framework that allows us to measure what is working, identify what has changed and optimise accordingly. Data → Decision → Execution → Optimisation. If you've been watching our live P&L updates and want to see how the Execution System works in actual market conditions, this is a good time to explore it. 👉 Join our Nifty + Sensex Execution System: https://repleteequities.com/execution-system Markets will keep changing. The question is whether your strategy changes with them. Educational content only. Trading derivatives involves substantial risk. Past performance is not indicative of future results.

Tomorrow Market Prediction: Nifty & Bank Nifty Outlook for Tuesday, September 15, 2026 | Replete Equities https://www.repleteequities.com/blog/tomorrow-market-prediction-nifty-banknifty

Chronic therapies continue to perform strongly, while the GLP-1 segment is expanding rapidly. August Mounjaro sales were estimated at around ₹180 Cr, while the overall GLP-1 market was around ₹2,000 Cr, up approximately 75%. The key takeaway is that pharma growth is increasingly being supported by both the traditional chronic segment and newer high-growth therapies. ━━━━━━━━━━━━━━━━━━ 🚗 STOCK / AUTO WATCH ━━━━━━━━━━━━━━━━━━ Dealer checks continue to indicate healthy festive-season demand across 2-wheelers, passenger vehicles and commercial vehicles. Rural demand remains supportive, while H2 FY27 is expected to be relatively stronger for OEMs with higher SUV exposure and export share. ━━━━━━━━━━━━━━━━━━ 🎯 WHAT WE ARE WATCHING TODAY ━━━━━━━━━━━━━━━━━━ 1️⃣ Nifty 23,350 — immediate support 2️⃣ Nifty 23,200 — next support 3️⃣ Nifty 22,800 — major downside zone 4️⃣ Nifty 23,400–23,500 — recovery zone 5️⃣ Bank Nifty 56,050 — key support 6️⃣ Bank Nifty 56,500–57,150 — resistance 7️⃣ FII futures — ~2.83 lakh net short 8️⃣ Crude — remains a major risk variable 9️⃣ US 30Y yield — above 5.30% 🔟 US CPI tonight — potential volatility trigger The market is currently dealing with multiple cross-currents rather than a single directional trigger. In such an environment, the objective is not to predict every move. The focus should remain on identifying key levels, monitoring participation and adjusting risk as the market structure changes. Data → Decision → Execution. Educational content only. Not a recommendation to enter any trade. Trading derivatives involves substantial risk.

📈 MORNING BRIEF | Friday, 11 September 2026 Good Morning @all The week ends with one of the weakest weekly closes seen in recent months. Nifty has fallen around 2% this week as crude has gained nearly 13%. The combination of elevated oil prices, weak global markets and rising US Treasury yields continues to keep risk appetite under pressure. ━━━━━━━━━━━━━━━━━━ 📊 NIFTY | 23,350 IN FOCUS ━━━━━━━━━━━━━━━━━━ Nifty managed to hold the 23,400 zone yesterday, but the overall structure remains weak. The index has been drifting lower on relatively low participation, while geopolitical concerns continue to weigh on sentiment. Key levels for today: 🔴 Resistance: 23,400–23,500 🟢 Immediate support: 23,350 🟢 Next support: 23,200 🟢 Major support: 22,800 23,350 is an important level to watch. Given the persistent drift lower and relatively weak volumes, sustaining this support could become increasingly difficult. For now, the market remains in a wait-and-watch mode until there is greater clarity on crude and the geopolitical situation. ━━━━━━━━━━━━━━━━━━ 🏦 BANK NIFTY | 56,050 IN FOCUS ━━━━━━━━━━━━━━━━━━ Bank Nifty saw some recovery yesterday, including a pullback in HDFC Bank, but the recovery lacked conviction. The index remains below 56,500 after breaking its earlier support structure. Key levels: 🔴 Resistance: 56,500–57,150 🟢 Support: 56,050 🟢 Next major zone: 55,500 The broader banking setup remains cautious unless the index starts reclaiming its broken support levels with stronger participation. ━━━━━━━━━━━━━━━━━━ 💰 INSTITUTIONAL FLOWS ━━━━━━━━━━━━━━━━━━ Yesterday's Cash Market Activity: • FII: -₹438 Cr • DII: +₹1,025 Cr Week-to-Date: • FII: -₹863 Cr • DII: +₹4,449 Cr Month-to-Date: • FII: +₹1,509 Cr • DII: +₹23,018 Cr DII flows continue to provide some cushion, but they have not been sufficient to offset the broader pressure on price. ━━━━━━━━━━━━━━━━━━ 📌 DERIVATIVES POSITIONING ━━━━━━━━━━━━━━━━━━ FIIs added another ~6,000 short contracts in Index Futures yesterday. Their net short position has now increased to approximately: 🔴 2.83 lakh contracts Options positioning currently indicates: 🟢 Support: 23,000 🔴 Resistance: 24,000 The combination of increasing FII shorts and weakening price structure continues to favour caution. ━━━━━━━━━━━━━━━━━━ 🔍 INTERESTING OBSERVATION ━━━━━━━━━━━━━━━━━━ US Treasury yields are becoming an increasingly important risk signal for global markets. The US 30-year Treasury yield has recently moved above 5.30% — a level not seen since 2007. This is important because long-term yields influence borrowing costs, equity valuations, currency movements and global capital allocation. What makes the current move more interesting is that the yield quickly returned towards its highs even after the US Treasury announced an increase in bond buyback operations. In other words, the underlying pressure on long-duration yields has not disappeared. For India, this matters through multiple channels: Higher US yields → tighter global financial conditions → pressure on emerging-market currencies → potential impact on FII flows → pressure on equity valuations The next important trigger is today's US CPI data. A hotter-than-expected inflation reading could push yields higher again, while a softer print could provide some relief to global risk assets. This is therefore not just a US bond-market story. It is a variable we need to track when assessing the next directional move in Indian equities. ━━━━━━━━━━━━━━━━━━ ⚡️ SECTOR WATCH | POWER ━━━━━━━━━━━━━━━━━━ India's power demand grew 12.9% YoY in August, with peak demand reaching 258 GW. Thermal PLF also improved to 67%, indicating continued strength in electricity demand. IEX electricity volumes grew 20%, while REC volumes declined sharply. The key names highlighted in the sector are: • ACME Solar • NTPC • Power Grid ━━━━━━━━━━━━━━━━━━ 💊 SECTOR WATCH | PHARMA ━━━━━━━━━━━━━━━━━━ Indian pharma market growth remained healthy at around 13% YoY.