Nifty Outlook

Derivatives Overview & Outlook

Yesterday, both Nifty and Banknifty futures added around 1.5% of open interest each as long buildup.

All F&O sectors settled higher. Amongst them, Power, Infra and Capital Goods stocks witnessed maximum addition of long positions.

On options front, put writing was seen at multiple strike with maximum writing at 18000 strikes and maximum positions are at 17800 PE and 18200 CE.

FII & DII Trading Activity

Yesterday, FIIs bought stocks worth Rs 432 Cr in the cash segment, bought stocks futures worth Rs 1921 Cr and sold index futures worth Rs 262 Cr. DIIs too were net buyers in the cash segment to the tune of Rs 517 Cr.

Nifty Futures & Bank Nifty Futures Key Levels

Nifty Futures – Resistances 18100-18200; Supports 17950-17850

Banknifty Futures – Resistances 42000-42250; Supports 41550-41200

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