Benchmark Nifty index settled on a flat note, closed shop at 18118 levels after a lackluster trading session.
Global Market Update
News highlights from across the globe
Important news updates from the domestic front
Nifty Outlook
Benchmark Nifty index settled on a flat note, closed shop at 18118 levels after a lackluster trading session.
Broader markets underperformed the benchmark as Mid and Small cap index fell 0.6% & 0.4% respectively. Market breadth too was tilted towards the declining side.
Performance on the sectoral front was mix. Auto index was at the top of the tally, gained over 1% followed by IT index that was up 0.77%. On the other hand, PSU bank and Realty index was the worst performer, down 1.36% & 1% respectively.
Going ahead, we reiterate our sideways view on Nifty index till it is trading in 17750-18250 range. Either side break from this range is required for any sustainable move in that direction.
Derivatives Overview & Outlook
Yesterday, again no significant activity was seen in Nifty and Banknifty futures on price as well as on open interest front.
Nifty and Banknifty futures have rolled 50% and 61% of open interest respectively into next contracts so far.
On options front, call writing was seen at multiple strikes along with put writing at 18000 strike and maximum positions are at 18000 PE and 18100 CE.
FII & DII Trading Activity
Yesterday, FIIs sold stocks worth Rs 761 Cr in the cash segment, bought stocks futures worth Rs 1277 Cr and also bought index futures worth Rs 475 Cr. DIIs too were net buyers in the cash segment to the tune of Rs 1145 Cr.
Nifty Futures & Bank Nifty Futures Key Levels
Nifty Futures – Resistances 18220-18300; Supports 18035-17970
Banknifty Futures – Resistances 43000-43250; Supports 42500-42250
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