NSE’s GIFT City International bourse to allow daily expiry for Nifty options from Oct. 13- Daily Market Update 30th Sept 2025

Benchmark Nifty index ended on a flat note at 24634 spot levels after a lackluster trading session.

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

Performance on the sectoral front was no different. PSU Bank, Oil & Gas and Realty index were the top performers, rose 1.78%, 1.35% & 0.88% respectively, on the other hand, Media index was down nearly 1% while rest of the sectoral indices settled on a flat note.

Technically, Nifty index has reach the immediate supports of 24600 spot levels, however, overall chart structure is negative until it crosses and sustains above 25000 spot levels on closing basis. A decisive break below 24600 spot levels might take it towards 24300 spot levels in immediate near term. Hence, we maintain sell on rise trading strategy till it is trading below the said levels.

Derivatives Overview & Outlook

Yesterday, short covering was seen in Midcapnifty futures with a decrease in open interest by 1.6%, whereas no meaningful activities were seen among Nifty, Banknifty and Finnifty futures on price front.

All of sectoral indices, baring Capital Goods and Chemical, settled on a positive note. Amongst them, FMCG, Oil & Gas and Technology stocks witnessed maximum addition of long positions along with some short covering among Auto and Banking stocks. On the other hand, some long unwinding was seen in Chemical stocks.

On option front, call writing along with some put unwinding was seen at higher strikes. Maximum positions are at 24000 PE followed by 24600 PE and maximum call positions are at 25000 CE followed by 25500 CE.

Institutional Trading Activity

Yesterday, FIIs sold stocks worth Rs 2832 Cr in the cash segment, sold index futures worth Rs 528 Cr and bought stocks futures worth Rs 3882 Cr. DIIs were net buyers in the cash segment to the tune of Rs 3846 Cr.

Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels

Nifty – Resistances 24820-24950; Supports 24600-24500

Banknifty – Resistances 54800-55000; Supports 54200-54000

Finnifty – Resistances 26120-26220; Supports 25900-25800

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