Nifty index ended flat after yet another lackluster trading session where steep move were witnessed on both sides, closed shop at 18307, down 36 points from its previous closing value.
Global Market Update
News highlights from across the globe
Important news updates from the domestic front
Nifty Outlook
Nifty index ended flat after yet another lackluster trading session where steep move were witnessed on both sides, closed shop at 18307, down 36 points from its previous closing value.
Broader markets underperformed the benchmark as Mid & Small cap index were down 0.5% each, leading to weak market breadth.
All sectoral indices, barring PSU bank index that was up over 1.5%, settled in red. Auto index was at the bottom of the tally, down over 1%.
Nifty index is trading in a sideways manner, supports are placed around 18250-18200 levels whereas resistance is placed around 18450 levels.
Derivatives Overview & Outlook
On Friday, again both Nifty and Banknifty futures remained almost unchanged on the price front whereas on open interest front Nifty futures shed around 3% of open interest and Banknifty futures added around 1.5% of open interest.
Majority of F&O sectors settled lower. Amongst them, Chemicals, Media and Textile stocks witnessed maximum addition of short positions.
On options front, call writing was seen at multiple strikes and maximum positions are at 18400 CE and 18300 PE.
FII & DII Trading Activity
Last week, FIIs bought stocks worth Rs 3738 Cr in the cash segment, sold stocks futures worth Rs 2298 Cr and bought index futures worth Rs 936 Cr. DIIs too were net buyers in the cash segment to the tune of Rs 2274 Cr.
Nifty Futures & Bank Nifty Futures Key Levels
Nifty Futures – Resistances 18430-18500; Supports 18300-18200
Banknifty Futures – Resistances 42700-43000; Supports 42350-42100
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