Dear
Trader…
Markets began the week on a volatile note but ended nearly
flat amid mixed cues. The Nifty future index saw a brief uptick before slipping
lower in the first half, almost testing the 22000-support level, and eventually
settled at 22259.80. Sectorial performance was mixed, with realty, metal, and
IT showing a rebound, while weakness in banking and financials capped gains.
Broader indices also remained choppy and closed largely unchanged.
Global uncertainties and sustained foreign fund outflows
continue to keep market participants cautious. With the 22088-22008-support
zone in focus, a cautious approach to the Nifty index is advisable until
further clarity emerges. Banking sector performance will be crucial in the
coming sessions, making it an important area to monitor for market cues.
Meanwhile, with stock-specific opportunities on both sides, traders should
emphasize strategic selection and effective trade management.
Nifty futures opened at 22341 points against the previous
close of 22280 and opened at a low of 22140 points. Nifty Future closed with an
average movement of 236 points and a decline of around 20 points and 22260 points…!!
On the NSE, the midcap 100 index will rise 0.14% and smallcap
100 index is closing decline 0.27%. Speaking of various sectoral indices Media,
Oil and Gas, Bank, Private Bank, PSU Bank and Financial
Services 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.84511, fell from a high of Rs.84982
points to a low of Rs.84511 with a rise of 727 points, a trend of around Rs.84946
and May Silver opened at Rs.94600, fell from a high of Rs.95697 points to a low
of Rs.94523 with a rise of 1332 points, a trend of around Rs.95660.
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 40089.82 crore against gross selling of Rs
52115.87 crore. Thus, FIIs stood as net sellers of Rs 12026.05 crore in
equities.
In the debt
segment, the gross purchase was of Rs 13741.60 crore with gross sales of Rs
2296.16 crore. Thus, FIIs stood as net buyers of Rs 11445.44 crore in debt. Of
the total debt, FIIs stood as net buyers in Debt-General Limit segment at Rs
600.63 crore, they stood at net sellers in Debt-VRR segment at Rs 824.29 crore,
while net buyers in Debt-FAR segment at Rs 11669.1 crore.
In the
hybrid segment, the gross buying was of Rs 45.22 crore against gross selling of
Rs 136.82 crore. Thus, FIIs stood as net sellers of Rs 91.60 crore in hybrid
segment.
Technically, the important key resistances are placed in Nifty future are at 22303 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 22373 – 22404 levels. Immediate support is placed at 22088 – 22008 levels.
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