In recent days, President Donald Trump has rolled out a memorandum telling a key government committee to curb Chinese spending on tech, energy and other strategic American sectors. The administration also called on Mexican officials to place their own levies on Chinese imports – a move that comes after Chinese firms moved production to the US neighbor to get around duties the Republican enacted in his first term.
President Donald Trump has rolled out a memorandum telling a key government committee to curb Chinese investment in US- Daily Market Update 25th Feb 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled on a flat to negative note.
- European equity markets ended on a mix note.
- Majority of Asian equity markets are trading in red.
- GIFT Nifty is little changed, Nifty futures likely to open around 22580 levels.
Nifty Overview & Outlook
Tracking negative cues from the global peers, benchmark Nifty index opened with a gap on the down side, it kept on sliding through out the day to settle at 22553 levels after a cut of 242 points from its previous closing values.
Broader markets performed inline with the benchmark as Mid and Small cap indices fell 0.85% and 1.02% respectively.
Majority of sectoral indices, tracked at NSE, ended in red. Amongst them, IT and Metal index was the worst hit, fell 2.71% & 2.17% respectively.
Technically, Nifty index is trading in lower lows and lower highs formation below its long term as well as short term moving averages. Going ahead, 22500 spot will act as important support on the down side. On the flip side, for any sustainable move, it needs to close above 23000 spot levels.
Derivatives Overview & Outlook
Yesterday, Nifty and Midcapnifty future added 4.5% and 11.4% of open interest respectively as short buildup, on the other hand, Banknifty and Finnifty futures were down on long unwinding as both shed around 1% and 12.5% of open interest respectively.
Majority of F&O sectors settled lower. Amongst them, Cement, Telecom and Realty stocks witnessed addition of short positions while rest were down on long unwinding.
On option front, call writing along with some put addition was seen at multiple strikes. Maximum positions are at 22500 PE and 23000 CE closely followed by 22800 CE. Quantum of call positions are significantly higher than that of put positions indicating selling pressure on rise.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 6287 Cr in the cash segment, sold index futures worth Rs 1391 Cr and bought stocks futures worth Rs 1876 Cr. DIIs were net buyers in the cash segment to the tune of Rs 5186 Cr.
Nifty Futures, Banknifty Futures and Finnifty Key Levels
Nifty – Resistances 22720-22800; Supports 22500-22400
Banknifty – Resistances 48800-49000; Supports 48400-48200
Finnifty – Resistances 23200- 23300; Supports 22950-22850
F&O Security in Ban Today: MANAPPURAM & CHAMBLFERT.
Disclosure
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