Dear
Trader…
The markets began the week on a positive note, gaining over
half a percent amid mixed signals. After a flat opening, strength in
heavyweight stocks, particularly in the banking sector, propelled the index
higher during the first half, followed by a range-bound movement for the rest
of the session. Sectoral trends remained mixed, with banking and metal sectors
posting notable gains, while auto and FMCG sectors saw marginal declines.
Markets appear to be consolidating following the recent
decline, with the ongoing earnings season keeping participants engaged.
Additionally, budget-related themes are attracting selective buying interest.
While there has been limited alignment with global markets lately, developments
following Trump’s inauguration will be closely monitored for potential cues.
Amid this environment, we recommend exercising caution with aggressive
positions and awaiting greater clarity.
Nifty futures opened at 23339.95 points against the previous
close of 23267.20 and opened at a low of 23220.00 points. Nifty Future closed
with an average movement of 229.00 points and a rise of around 133.00 points
and 23400.20 points…!!
On the NSE, the midcap 100 index will rise 0.91% and smallcap 100 index is closing rise
1.09%. Speaking of various sectoral indices only, Auto
and FMCG 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.78882, fell from a high of Rs.79150 points to a low of Rs.78855 with a decline
of 64 points, a trend of around Rs.78959 and March Silver opened at Rs.91999,
fell from a high of Rs.91999 points to a low of Rs.91265 with a decline of 266 points,
a trend of around Rs.91336.
Meanwhile, The FIIs as per Monday’s data were net sellers in equity
segment, while they were net buyers in debt segment, according to data released
by the NSDL. In equity segment, the gross buying was of Rs 10379.64 crore
against gross selling of Rs 14006.75 crore. Thus, FIIs stood as net sellers of
Rs 3627.11 crore in equities.
In the debt segment, the gross purchase was of Rs 1751.63
crore with gross sales of Rs 956.67 crore. Thus, FIIs stood as net buyers of Rs
794.96 crore in debt. Of the total debt, FIIs stood as net buyers in
Debt-General Limit segment at Rs 533.79 crore, they stood at net buyers in
Debt-VRR segment at Rs 348.55 crore, while net sellers in Debt-FAR segment at
Rs 87.38 crore.
In the hybrid segment, the gross buying was of Rs 45.66 crore
against gross selling of Rs 20.53 crore. Thus, FIIs stood as net buyers of Rs
25.13 crore in hybrid segment.
Technically, the important key resistances are placed in Nifty future are at 23474 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 23533 – 23570 levels. Immediate support is placed at 23202 – 23088 levels.
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