Dear
Trader…
Indian equities remained range bound today after witnessing a
strong rally yesterday, ending the day with a decline of 0.17%. Nifty mid-cap
100 remained flat and Nifty small-cap100 gained by 1.8%, outperforming the
Nifty future. Defence stocks continued to witness strong gains with Nifty India
Defence gaining more than 5%, amid media outlining India’s defence budget may
receive an additional allocation of INR 50,000 crore under a supplementary
budget. The boost will take overall defence allocation past Rs 7 lakh crore for
the financial year 2025–26. FII have been net buyers worth nearly Rs14500cr
from the beginning of May till date, while DII bought stock worth Rs18000cr
during the same period.
Railway stocks witnessed strong buying interest with several
counters rallying up to 11 per cent. On the earnings front, quarterly results
from Amber Enterprise, Data Patterns, Divi’s Labs, Premier Energies, Zen
technologies and others are expected to drive stock-specific action. The
broader consolidation with a positive bias is likely to persist for the Indian
markets, supported by easing geopolitical tensions, progress on trade
agreements, and improving signs of macroeconomic stability.
Nifty futures opened at 25126 points against the previous
close of 25078 and opened at a low of 25006 points. Nifty Future closed with an
average movement of 143 points and a rise of around 01 points and 25080 points…!!
On the NSE, the midcap 100 index will rise 0.94% and smallcap 100 index is closing rise
1.86%. Speaking of various sectoral indices only IT, Healthcare,
Metal and Pharma stocks were seen selling on the NSE, while all other sectoral
indices closed higher.
At the start of intra-day trading, June gold opened at Rs.92859,
fell from a high of Rs.93550 points to a low of Rs.91615 with a decline of 1107
points, a trend of around Rs.92062 and July Silver opened at Rs.95751, fell
from a high of Rs.96100 points to a low of Rs.94476 with a decline of 1425 points,
a trend of around Rs.94490.
Meanwhile, The
FIIs as per Friday’s data were net buyers in equity segment, while they were
net sellers in debt segment, according to data released by the NSDL. In equity
segment, the gross buying was of Rs 21440.45 crore against gross selling of Rs
15693.92 crore. Thus, FIIs stood as net buyers of Rs 5746.53 crore in equities.
In the debt
segment, the gross purchase was of Rs 1426.40 crore with gross sales of Rs
2210.70 crore. Thus, FIIs stood as net sellers of Rs 784.30 crore in debt. Of
the total debt, FIIs stood as net sellers in Debt-General Limit segment at Rs
735.96 crore, they stood at net buyers in Debt-VRR segment at Rs 16.54 crore,
while net sellers in Debt-FAR segment at Rs 64.88 crore.
In the
hybrid segment, the gross buying was of Rs 28.70 crore against gross selling of
Rs 18.83 crore. Thus, FIIs stood as net buyers of Rs 9.87 crore in hybrid
segment.
Technically, the important key resistances are placed in Nifty future are at 25202 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 25272 – 25404 levels. Immediate support is placed at 24939 – 24880 levels.
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