By earn 
(19-Feb-2024)
After the gap-up start, the Nifty traded within a narrow range of 21970-22070 throughout the entire trading session. Ultimately, it settled positively with a gain of 0.59 percent.
The Nifty Midcap 100 index showed stronger performance compared to the Nifty 50 index, settling positively with a gain of 0.64 percent.
Among various sectors, Auto and Realty emerged as the standout performers, showcasing robust performance. Conversely, Energy and PSU Banks 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 22100 level, while on the put side, it’s at 22000. In todays option chain, Higher put writing is witnessed compared to the call writing . It indicates positive sentiment in the market.
The Volume Weighted Average Price (VWAP) suggests a trading range for the next day between 21865 and 22240. The Max Pain is seen at 22000 spot with the CE/PE Combined Residual Premium/Pain Value of 232 Crores.
In the cash market, Foreign Institutional Investors (FIIs) were net buyers with an activity totaling 253.28 crore, while Domestic Institutional Investors (DIIs) exhibited a net buying activity of 1571 crore.
