Dear
Trader…
Nifty future slipped by 175 points to close at 23,816 (-0.73%),
amid weak global cues and continued selling by FIIs. However quarterly
readjustment in several Nifty indices led stock specific action in the market.
IT, Pharma and Healthcare indices traded higher as investors turn to export –
oriented sectors with Indian Rupee trading near all-time low against US Dollar.
Market sentiments are hampered due persistent FII selling, which reached
Rs10,444 crores for the month-till-date.
India VIX jumped by 6.4% indicating high volatility in the
market. China’s manufacturing PMI for December to be released tomorrow, will be
a key economic data to watch out for. Domestic Markets are anticipated to
remain range bound in the near term. For the calendar year 2025, we expect
consolidation to continue in the first half, while the second half could see a
recovery on the back of enhanced government spending and improved corporate
earnings.
Nifty futures opened at 23971.70 points against the previous
close of 23992.65 and opened at a low of 23771.50 points. Nifty Future closed with
an average movement of 308 points and a decline of around 175.95 points and 23816.70
points…!!
On the NSE, the midcap 100 index will rise 0.37% and smallcap
100 index is closing
decline 0.62%. Speaking of various sectoral indices, the NSE saw gains in only
Healthcare, Pharma, IT, FMCG and Consumer Durables stocks, while all other
sectoral indices closed lower.
At the start
of intra-day trading, February gold opened at Rs.76714, fell from a high of Rs.76775
points to a low of Rs.76287 with a rise of 44 points, a trend of around Rs.76588
and March Silver opened at Rs.88967, fell from a high of Rs.89199 points to a
low of Rs.88666 with a rise of 172 points, a trend of around Rs.89059.
Meanwhile, The
FIIs as per Monday’s data were net buyers in equity segment, while they were
net sellers in debt segment, according to data released by the NSDL. In equity
segment, the gross buying was of Rs 7656.27 crore against gross selling of Rs
7286.10 crore. Thus, FIIs stood as net buyers of Rs 370.17 crore in equities.
In the debt
segment, the gross purchase was of Rs 1442.74 crore with gross sales of Rs
3097.05 crore. Thus, FIIs stood as net sellers of Rs 1654.31 crore in debt. Of
the total debt, FIIs stood as net sellers in Debt-General Limit segment at Rs
525.17 crore, they stood at net sellers in Debt-VRR segment at Rs 83.93 crore,
while net sellers in Debt-FAR segment at Rs 1045.21 crore.
In the
hybrid segment, the gross buying was of Rs 13.00 crore against gross selling of
Rs 27.65 crore. Thus, FIIs stood as net sellers of Rs 14.65 crore in hybrid
segment.
Technically,
the important key resistances are placed in Nifty future are at 23909 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 23939 – 24008 levels. Immediate support is placed at 23787
– 23707 levels.
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and are not recommendatory.
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investing, mentioned on www.nikhilbhatt.in
