Dear
Trader…
Markets traded within a range on the weekly expiry day and
closed slightly positive, marking the third consecutive day of consolidation.
The session began with an upside gap, followed by a range-bound movement,
ending at 23,377.55 level. Sectoral performance remained mixed, with metals and
energy showing a decent recovery, while FMCG and pharma sectors closed lower.
Markets will react to the earnings reports of major index
constituents such as Reliance, Infosys, and Axis Bank in early trades. While
recent index movements have lacked clear direction, the resilience of the
banking sector, which carries significant weight, is a positive sign. Amid
these mixed signals, participants should prioritize selective stock picking and
robust risk management strategies.
Nifty futures opened at 23406.00 points against the previous
close of 23265.90 and opened at a low of 23346.15 points. Nifty Future closed
with an average movement of 77.75 points and a rise of around 111.65 points and
23377.55 points…!!
On the NSE, the midcap 100 index will rise 1.08% and smallcap 100 index is closing rise
1.67%. Speaking of various sectoral indices only, FMCG,
IT, Pharma, Consumer Durables and Healthcare 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.78700, fell from a high of Rs.79064 points to a low of Rs.78700 with a rise
of 350 points, a trend of around Rs.79060 and March Silver opened at Rs.93001,
fell from a high of Rs.93660 points to a low of Rs.92713 with a rise of 633 points,
a trend of around Rs.93489.
Meanwhile, The FIIs as per Thursday’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 11486.22 crore
against gross selling of Rs 15883.15 crore. Thus, FIIs stood as net sellers of
Rs 4396.93 crore in equities.
In the debt segment, the gross purchase was of Rs 1569.08
crore with gross sales of Rs 1497.36 crore. Thus, FIIs stood as net buyers of
Rs 71.72 crore in debt. Of the total debt, FIIs stood as net sellers in
Debt-General Limit segment at Rs 528.08 crore, they stood at net buyers in
Debt-VRR segment at Rs 94.12 crore, while net buyers in Debt-FAR segment at Rs
505.68 crore.
In the hybrid segment, the gross buying was of Rs 115.30
crore against gross selling of Rs 20.16 crore. Thus, FIIs stood as net buyers
of Rs 95.14 crore in hybrid segment.
Technically, the important key resistances are placed in Nifty future are at 23434 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 23474 – 23505 levels. Immediate support is placed at 23373 – 23303 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
