Nifty continue to close higher for a second successive day, settled at 17100 after adding 114 points to previous closing values after a highly volatile trading session.
Global Market Update
News highlights from across the globe
Important news updates from the domestic front
Nifty Outlook
Nifty continue to close higher for a second successive day, settled at 17100 after adding 114 points to previous closing values after a highly volatile trading session.
Nifty Midcap underperformed the benchmark as it gained 0.39% against a 0.67% gain in the frontline index while Small cap performed in line with the benchmark.
Performance on the sectoral front was mix. Realty and Metal Index were at the top of the tally, rose 3.03% and 2.39% respectively. On the other hand, Nifty Media, pharma, and Auto indices led the decline dropped in the range of 0.5% to nearly 1%.
Technically, Nifty index is trading in a broader range 16850-17200 zone crossover and sustenance above from this range will set the tone for next directional move.
Derivatives Overview & Outlook
On Friday, Nifty, Banknifty and Finnifty futures shed around 1%, 2% and 8% of open interest respectively as short covering.
On the sectoral front, long buildup was seen among Textile and Finance stocks whereas some short buildup was seen among Media and Power stocks.
On options front, put writing was seen at 17000 strikes and maximum positions are at 17000 PE and 17800 CE closely followed by 17500 CE.
FII & DII Trading Activity
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