Todays Updates
Following a gap-up opening, the Nifty experienced gradual upward movement throughout the trading session. However, profit booking in the final hour resulted in a partial retracement of gains. Ultimately, the Nifty settled with a positive outcome, registering a gain of 0.54 percent.
The Nifty Midcap 100 index displayed weaker performance in comparison to the Nifty 50, but managed to settle with a marginal gain of 0.06 percent.
Among a range of sectors, Realty and Consumer Durables stood out as top performers, exhibiting strength. Conversely, IT and PSU Banks lagged behind, facing hurdles and displaying weaker performance throughout the trading session.
The options market indicates that the highest open interest on the call side is at 22500 level, while on the put side, its at 22000. Looking at today’s option chain, we observe a greater amount of put writing activity compared to call writing, signaling a bullish sentiment in the market.
The Volume Weighted Average Price (VWAP) suggests a trading range for the next day between 22055 and 22220.
The Max Pain is seen at 22100 spot with the CE/PE Combined Residual Premium/Pain Value of 1232.53 Crores.
In the cash market, Foreign Institutional Investors (FIIs) were net buyers with an activity totaling 2170.32 crore, while Domestic Institutional Investors (DIIs) exhibited a net buying activity of 1197.61 crore.
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Source: www.nseindia.com
