The National Stock Exchange on Wednesday said it will introduce futures and options contracts on Indian Renewable Energy Development Agency Ltd. and Tata Technologies Ltd. from Feb. 28. The move is subject to eligibility conditions, the exchange said in a circular, adding that it will announce details of market lot sizes, strike price schemes, and quantity freeze limits on Feb. 27.
NSE to introduce F&O contracts on Ireda and Tata Technologies from Feb 28- Daily Market Update 20th Feb 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled on a flat note.
- European equity markets ended lower in range 0.50% to 1.83%.
- Asian equity markets are trading with negative bias.
- GIFT Nifty is down by 50 points, Nifty futures likely to open around 22900 levels.
Nifty Overview & Outlook
Benchmark Nifty index once again opened with a gap on the down side, smart recovery led by Banking and Finance pack helped it to recover the lost ground and finally it settled on a flat note at 22933 levels.
Broader markets outperformed the benchmark as Mid and Small cap index gained 1.19% & 2.36% respectively.
Majority of sectoral indices tracked at NSE settled in green. Amongst them, Metal, Media and Realty index were at the top of the tally, gained in range 1% to 1.67%. On the other hand, IT, Pharma and Healthcare index were the laggards, fell in range 0.5% to 1.35%.
Tecgnically, Nifty index is going through the short term congestion phase around its supports zone i.e. 22750-22800 spot levels. Cross and sustenance above 23000 spot levels might take it towards 23200-23250 spot levels in immediate near term. For any sustainable recovery it should close above 23250 spot levels.
Derivatives Overview & Outlook
Yesterday, Banknifty, Finnifty and Midcapnifty futures shed around 1%, 1.5% and 4% of open interest respectively as short covering, whereas no meaningful activities were seen seen in Nifty futures on price front.
Majority of sectoral indices settled on a positive note. Amongst them, Finance, Power, Realty and Technology stocks witnessed maximum addition of long positions along with some short covering in Chemicals stocks.
On option front, call writing along with some put writing was seen at multiple strikes and maximum positions are at 22500 PE and 23500 CE followed by 23100 CE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 1881 Cr in the cash segment, bought stocks futures worth Rs 725 Cr also bought index futures worth Rs 183 Cr. DIIs were net buyers in the cash segment to the tune of Rs 1958 Cr.
Nifty Futures, Banknifty Futures and Finnifty Key Levels
Nifty – Resistances 23050-23180; Supports 22880-22800
Banknifty – Resistances 49800-50000; Supports 49500-49350
Finnifty – Resistances 23550- 23620; Supports 23300-23200
F&O Security in Ban Today: MANAPPURAM
Disclosure
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