Market Shows Short-Term Base, Cautious Trading Advised Amid Geopolitical Tensions

• NIFTY 50 and BANK NIFTY formed higher lows and higher highs, signaling a potential short-term trend reversal.
• FIIs' selling has slightly reduced, with a possible gap-down today; consider yesterday's low as a strict stop-loss for long positions.
• Geopolitical tensions are rising with potential US action against Iran, pushing Brent crude to $65/barrel; a rise above $70 could impact India.
• Infosys' results after market close today are a major trigger, especially after weak TCS results; HDFC AMC and Union Bank results are also due.
• Commodities like Oil India, gold, and silver-related stocks show momentum; defense stocks may outperform, while IT sector needs caution.

Why It Matters: Market shows signs of a short-term base, but geopolitical risks and key results demand cautious, stop-loss-driven trading.