# Caution remains the watchword as bears continue to lurk around Dalal Street.

# Our Call of the Day: Nifty risks extending its losing streak to a third straight session, with a gloomy trading setup where pessimism is likely to outweigh optimism.

# The 2-Biggest Negative Catalysts:

1) Rupee weakness: The Indian rupee extended its losing streak for the fourth consecutive session, with USD/INR climbing toward 91.45, adding macro stress and dampening sentiment.

2) Relentless foreign outflows: Continued FII selling, amid lingering US–India trade frictions, further dampening on domestic equities.

# The biggest positive catalyst for Dalal Street however is crude oil’s collapse.

WTI prices plunged 2.7% overnight to $55.27 per barrel, their lowest close since February 2021, and are now down 23% year-to-date — the worst annual performance since 2018.

The slide reflects rising OPEC supply and growing optimism that a Russia–Ukraine peace deal may be closer than expected.

# Long Story Short: Pessimism is set to outweigh optimism. Rallies are likely to face selling pressure — trade light on leveraged long positions and stay cautious.

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