Dear
Trader…
Markets extended their recovery, ending slightly higher,
building on Tuesday’s surge. After a flat start, Nifty future gradually moved
up throughout the session, though profit booking in the final hour trimmed some
gains. As a result, Nifty future closed at 22,972.95, up 0.34%. Sectoral trends
remained mixed, with realty and energy leading the gains, while IT and FMCG
lagged. Meanwhile, strong performance from broader indices further lifted
sentiment.
Following the recent surge, markets will react to the US Fed
meeting outcome in early Thursday trades, with attention then shifting to the
weekly expiry. While some consolidation is possible, the overall sentiment is
likely to remain positive, favoring a “buy on dips” approach. We are
witnessing rotational participation across key sectors, with banking,
financials, metals, and energy taking the lead. Traders should position
themselves accordingly and remain selective in the broader market.
Nifty futures opened at 22934 points against the previous
close of 22895 and opened at a low of 22872 points. Nifty Future closed with an
average movement of 121 points and a rise of around 77 points and 22972 points…!!
On the NSE, the midcap 100 index will rise 2.63% and smallcap 100 index is closing rise
2.43%. Speaking of various sectoral indices only IT and
FMCG stocks were seen selling on the NSE, while all other sectoral indices
closed higher.
At the start of intra-day trading, April gold opened at Rs.88796,
fell from a high of Rs.89014 points to a low of Rs.88511 with a decline of 6 points,
a trend of around Rs.88720 and May Silver opened at Rs.101300, fell from a high
of Rs.101469 points to a low of Rs.101181 with a decline of 353 points, a trend
of around Rs.100916.
Meanwhile, The
FIIs as per Wednesday’s data were net buyers in equity and debt segments both,
according to data released by the NSDL. In equity segment, the gross buying was
of Rs 15831.17 crore against gross selling of Rs 15120.75 crore. Thus, FIIs
stood as net buyers of Rs 710.42 crore in equities.
In the debt
segment, the gross purchase was of Rs 2576.37 crore with gross sales of Rs
1325.80 crore. Thus, FIIs stood as net buyers of Rs 1250.57 crore in debt. Of
the total debt, FIIs stood as net sellers in Debt-General Limit segment at Rs
125.59 crore, they stood at net buyers in Debt-VRR segment at Rs 75.29 crore,
while net buyers in Debt-FAR segment at Rs 1300.87 crore.
In the
hybrid segment, the gross buying was of Rs 33.95 crore against gross selling of
Rs 53.65 crore. Thus, FIIs stood as net sellers of Rs 19.70 crore in hybrid
segment.
Technically, the important key resistances are placed in Nifty future are at 23008 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 23088 – 23133 levels. Immediate support is placed at 22880 – 22808 levels.
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