Dear
Trader…
At close on Thursday, Nifty was up 135.60 points, or 0.60
per cent, at 22645.35, Bank Nifty was up 292.85 points, or 0.61 per cent, at 48643.15,while
the Sensex was at 74,339.44, up 486.50 points, or 0.66 per cent.Bulls kept
their grip on Dalal Street on F&O expiry day, continuing the rise for the
fifth consecutive session.
The volatility increased as traders rolled over holdings in
the F&O segment from the April to May series.The Nifty smallcap index also
registered a record high, while the midcap index is still 1 per cent away from
its previous high.
Nifty futures opened at 22435.20 points against the previous
close of 22509.75 and opened at a low of 22435.15 points. Nifty Future closed
with an average movement of 279.85 points and a rise of around 135.60 points
and 22645.35 points…!!
The market breadth was strong on Thursday,
with oil prices correcting due to easing conflict in the Middle East and
weakening US demand. the domestic broader market was buoyed by the PMI data,
with an improvement in discretionary spending. Further, the RBI’s regulatory
ecosystem on private banks led the PSU banks to outperform.
At the start of intra-day trading, June gold opened at Rs.71397,
fell from a high of Rs.71406 points to a low of Rs.71397 with a rise of 158 points,
a trend of around Rs.71406 and May Silver opened at Rs.80298, fell from a high
of Rs.80988 points to a low of Rs.79702 with a rise of 282 points, a trend of
around Rs.80790.
Meanwhile, The global market largely traded on a mixed
note and is now focused on earning reports, with initial reports suggesting a
disappointing outlook for technology stocks, which led to the US yields inching
higher.
The FIIs as per Thursday’s data were net
buyers in equity segment, the gross buying was of Rs 17197.50 crore against
gross selling of Rs 12970.31 crore. Thus, FIIs stood as net buyers of Rs 4227.19
crore in equities.In the debt segment, the gross purchase was of Rs 848.76
crore with gross sales of Rs 4048.49 crore. Thus, FIIs stood as net sellers of
Rs 3199.73 crore in debt.In the hybrid segment, the gross buying was of Rs
31.88 crore against gross selling of Rs 20.15 crore. Thus, FIIs stood as net
buyers of Rs 11.73 crore in hybrid segment.
Technically,
the important key resistances are placed in Nifty future are at 22645 levels,
which could offer for the market on the higher side. Sustainability above this
zone would signal opens the door for a directional up move with immediate
resistances seen at 22676 – 22770 levels. Immediate support is placed at 22474 –
22404 levels.
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securities quoted are for illustration only and are not recommendatory.
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