SBI kicks off mega QIP, sets floor price at 811.05 apiece- Daily Market Update 17th July 2025

Benchmark Nifty index ended on a flat note at 25212 spot levels after a lackluster trading sessions.

Broader markets traded in line with the benchmark as Mid and Small cap indices too ended on a flat note.

Majority of sectoral indices, barring PSU Banks and Media index that rose 1.81% & 1.31% respectively, could not make any impactful move.

Technically, Nifty index is still trading in an upward sloping channel having immediate supports around 25000-24875 spot levels. In day trade, it is likely to trade in sideways manner, intraday supports are placed around 25120-25000 spot zone and resistance are at 25285-25325 spot levels.

Derivatives Overview & Outlook

Yesterday, all major index futures remained almost unchanged on price as well as on open interest front barring Finnifty futures which added around 1.5% of open interest as short buildup.

Performance on the sectoral front was mix. Amongst them, long buildup was seen among Banking, Realty and Oil & Gas stocks, whereas some short buildup was seen among Capital Goods and Textile stocks.

On options front, call writing was seen at multiple strikes along with some put addition at multiple strikes. Maximum positions are at 25000 PE followed by 25200 PE and maximum call positions are at 25500 CE followed by 25300 CE.

Institutional Trading Activity

Yesterday, FIIs sold stocks worth Rs 1858 Cr in the cash segment, sold stocks futures worth Rs 3615 Cr also sold index futures worth Rs 691 Cr. DIIs were net buyers in the cash segment to the tune of Rs 1224 Cr.

Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels

Nifty – Resistances 25400-25500; Supports 25200-25100

Banknifty – Resistances 57500-57800; Supports 57000-56800

Finnifty – Resistances 27100- 27200; Supports 26900-26800

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