Nifty index ended on a flat to negative note, settled at 18157 levels, down 45 points from its previous closing values after a volatile trading session.
Global Market Update
News highlights from across the globe
Important news updates from the domestic front
Nifty Outlook
Nifty index ended on a flat to negative note, settled at 18157 levels, down 45 points from its previous closing values after a volatile trading session.
Broader markets underperformed the benchmark as Mid & Small cap index fell 0.73% & 0.56% respectively. Market breadth was marginally tilted towards the declining side.
Majority of sectoral gauges tracked at NSE settled in red. Realty and Pharma was at the bottom of tally, down over 1% each whereas PSU Bank index gained maximum, up nearly 4%.
Nifty index is well placed on short as well as long term charts indicating bullish bias to continue ahead as well. However, possibility of some profit taking can’t be ruled out at this level. Hence, we suggest trader to use dips for initiating fresh long positions till it is holding above 17900 levels.
Derivatives Overview & Outlook
Yesterday, both Nifty & Banknifty futures remained almost unchanged on the price front whereas on open interest front both added around 5% of open interest.
On sectoral front, long buildup was seen among Banking, Infra and Telecom stocks whereas short buildup was seen among Cement, FMCG, Pharma and Realty stocks.
On options front, call writing was seen at multiple strikes and maximum positions are at 18000 PE and 18300 CE.
FII & DII Trading Activity
Yesterday, FIIs bought stocks worth Rs 387 Cr in the cash segment, bought stocks futures worth Rs 161 Cr and also bought index futures worth Rs 405 Cr. On the other hand, DIIs sold stocks worth Rs 1060 Cr in the cash segment.
Nifty Futures & Bank Nifty Futures Key Levels
Nifty Futures – Resistances 18300-18375; Supports 18100-18000
Banknifty Futures – Resistances 42100-42350; Supports 41600-41300
Earnings Today – Adani Green Energy, Apollo Hospitals Enterprise, Ashok Leyland, Aster DM Healthcare, Avanti Feeds, BASF India, Bata India, Berger Paints India, Campus Activewear, Century Plyboards (I), Cochin Shipyard, Container Corporation Of India, Deepak Fertilisers & Petrochemicals Corporation, Eclerx Services, Eicher Motors, Equitas Holdings, Fine Organic Industries, Gujarat Narmada Valley Fertilizers & Chemicals, Godawari Power & Ispat, GR Infraprojects, Garden Reach Shipbuilders & Engineers, Gujarat State Petronet, Gujarat Gas, Hemisphere Properties India, India Glycols, India Grid Trust, Indoco Remedies, India Infrastructure Trust, Jindal Steel & Power, Kalpataru Power Transmission, Kalyan Jewellers India, Kennametal India, Kirloskar Brothers, Linde India, Man Infraconstruction, Mazagon Dock Shipbuilders, Samvardhana Motherson International, Muthoot Finance, Natco Pharma, Navneet Education, Nesco, NHPC, Nilkamal, Oil India, Page Industries, Paisalo Digital, Paushak, Power Finance Corporation, Prism Johnson, Ratnamani Metals & Tubes, Shree Renuka Sugars, RITES, Rattanindia Enterprise, Rail Vikas Nigam, Steel Authority
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