Nifty index settled flat after a lackluster trading session, closed shop at 18122 levels, down 5 points from its previous closing value.
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Nifty index settled flat after a lackluster trading session, closed shop at 18122 levels, down 10 points from its previous closing value.
Broader markets too performed in line with benchmark, as Mid & Small cap index was up 0.23% while Small cap index as almost unchanged.
Majority of sector gauges tracked at NSE settled in red, while Consumer Durables & Oil & Gas index gained maximum, up over 1% each.
Nifty index is looking weak on charts, we expect it drifting lower. Though, scheduled monthly expiry will lead to a volatile trading session.
Derivatives Overview & Outlook
Yesterday, both Nifty and Banknifty futures remained almost unchanged on the price as well as on open interest front.
Nifty and Banknifty futures have rolled 65% & 69% of open interest respectively into next contracts so far.
On options front, put writing was seen at 18000 & 18100 strikes along with call writing at 18200 strikes and maximum positions are at 18000 PE and 18200 CE.
FII & DII Trading Activity
Yesterday, FIIs sold stocks worth Rs 873 Cr in the cash segment, sold stocks futures worth Rs 259 Cr and bought index futures worth Rs 385 Cr. DIIs were net buyers in the cash segment to the tune of Rs 373 Cr.
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