By earn 
(16-Feb-2024)
Following a positive start, the Nifty oscillated within a range of 21800-21950 for the entire trading session. Ultimately, it settled positively with a gain of 0.32 percent.
Today, the Nifty Midcap 100 index showcased better performance compared to the Nifty 50, settling with a gain of 1.01 percent.
Among various sectors, Energy and PSU Banks emerged as the standout performers, showcasing robust performance. Conversely, FMCG and Healthcare underperformed, encountering challenges and displaying weaker results throughout the trading session.
The options market indicates that the highest open interest on the call side is at the 22000 level, while on the put side, it’s at 21700. Equal writing observed in both the call and put options suggests a range-bound activity in the market.
The Volume Weighted Average Price (VWAP) suggests a trading range for the next day between 21740 and 22080. The Max Pain is seen at 21900 spot with the CE/PE Combined Residual Premium/Pain Value of 162.54 Crores.
In the cash market, Foreign Institutional Investors (FIIs) were net sellers with an activity totaling 3064.15 crore, while Domestic Institutional Investors (DIIs) exhibited a net buying activity of 2276.93 crore.
