Dear
Trader…
Markets remained volatile for another session but ultimately
ended flat, taking a pause after Monday’s decline. Following an initial
gap-down opening, Nifty future extended its losses early on but recovered as
select heavyweights rebounded, closing unchanged at 23,805.85.
Sectoral trends remained mixed, with energy and pharma seeing
gains, while IT and realty ended in the red. The broader market showed a
similar pattern, with small-cap index gaining over half a percent, while midcap
settled nearly unchanged.
The resilience in the pharma and healthcare sectors, coupled
with selective buying in heavyweight stocks, continues to limit the pace of
decline. We anticipate this trend to persist and advise participants to stay
focused on stock selection and risk management.
Nifty futures opened at 23700.00 points against the previous
close of 23816.70 and opened at a low of 23602.00 points. Nifty Future closed
with an average movement of 255.75 points and a decline of around 10.85 points
and 23805.85 points…!!
On the NSE, the midcap 100 index will rise 0.02% and smallcap
100 index is closing
rise 0.69%. Speaking of various sectoral
indices only IT, Realty, Financial Services, Bank and Media stocks were seen
selling on the NSE, while all other sectoral indices closed higher.
At the start
of intra-day trading, February gold opened at Rs.76353, fell from a high of Rs.76568
points to a low of Rs.76216 with a rise of 192 points, a trend of around Rs.76452
and March Silver opened at Rs.87390, fell from a high of Rs.87750 points to a
low of Rs.87101 with a dicline of 106 points, a trend of around Rs.87425.
Meanwhile, The
FIIs as per Tuesday’s data were net sellers in equity and debt segments both,
according to data released by the NSDL. In equity segment, the gross buying was
of Rs 16199.92 crore against gross selling of Rs 17798.70 crore. Thus, FIIs
stood as net sellers of Rs 1598.78 crore in equities.
In the debt
segment, the gross purchase was of Rs 2187.92 crore with gross sales of Rs
2745.33 crore. Thus, FIIs stood as net sellers of Rs 557.41 crore in debt. Of
the total debt, FIIs stood as net sellers in Debt-General Limit segment at Rs
1071.24 crore, they stood at net sellers in Debt-VRR segment at Rs 697.71
crore, while net buyers in Debt-FAR segment at Rs 1211.54 crore.
In the
hybrid segment, the gross buying was of Rs 22.70 crore against gross selling of
Rs 86.19 crore. Thus, FIIs stood as net sellers of Rs 63.49 crore in hybrid
segment.
Technically,
the important key resistances are placed in Nifty future are at 23878 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 23737
– 23676 levels.
The securities quoted are for illustration only
and are not recommendatory.
Investment in securities market are subject to market
risks. Read Disclaimer and related all the documents carefully before
investing, mentioned on www.nikhilbhatt.in
