Dear
Trader…
Markets managed to inch higher despite volatility, gaining
nearly 1% amid mixed cues. Nifty future saw sharp fluctuations in early trade
but gradually strengthened, closing near the day’s high at 23,148.25. Most key
sectors contributed to the recovery, with realty, IT, and energy leading the
gains. However, the highlight of the session was the strong rebound in broader
indices, which surged between 2.3% and 3.4%.
Looking ahead, market participants will react to the US Fed
meeting outcome in early Thursday trades, followed by the focus shifting to the
January derivatives expiry. On the benchmark front, Nifty is recovering amid
choppy Conditions and approaching its critical resistance at 23,300 (20 DEMA).
A decisive close above this level could extend the recovery, while failure to
do so may trigger profit-taking. Given the current rebound, traders should
maintain a cautious stance and prefer hedged positions.
Nifty futures opened at 23034 points against the previous
close of 22977 and opened at a low of 22963 points. Nifty Future closed with an
average movement of 221 points and a rise of around 170 points and 23148 points…!!
On the NSE, the midcap 100 index will rise 2.31% and smallcap 100 index is closing rise
3.32%. Speaking of various sectoral indices only 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.80325, fell from a high of Rs.80517 points to a low of Rs.80299 with a rise
of 151 points, a trend of around Rs.80440 and March Silver opened at Rs.91052,
fell from a high of Rs.91449 points to a low of Rs.90774 with a rise of 323 points,
a trend of around Rs.91374.
Meanwhile, The
Flls as per Wednesday’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 13194.71 crore against gross selling
of Rs 16135.58 crore. Thus, Flls stood as net sellers of Rs 2940.87 crore in
equities.
In the debt
segment, the gross purchase was of Rs 5477.83 crore with gross sales of Rs
1697.17 crore. Thus, Flls stood as net buyers of Rs 3780.66 crore in debt. Of
the total debt, FIls stood as net buyers in Debt-General Limit segment at Rs
985.19 crore, they stood at net buyers in Debt-VRR segment at Rs 1384.07 crore,
while net buyers in Debt-FAR segment at Rs 1411.40 crore.
In the
hybrid segment, the gross buying was of Rs 16.67 crore against gross selling of
Rs 23.23 crore. Thus, Flls stood as net sellers of Rs 6.56 crore in hybrid
segment.
Technically,
the important key resistances are placed in Nifty future are at 23202 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 23272 – 23303 levels. Immediate support is placed at 23088 –
23008 levels.
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