MCX Important Levels (Current Fut Expiry)
GOLD
Support 66000 Resistance 66400
SILVER
Support 74800 Resistance 75550
CRUDEOIL
Support 6700 Resistance 6820
NATURALGAS
Support 137.50 Resistance 143
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Nifty experienced a volatile trading session characterized by sharp movements. Initially, there was a flat opening, followed by a sudden surge that propelled the index above 22400. However, profit booking swiftly brought the Nifty back below the 22300 mark. For rest of the trading session, the Nifty oscillated within the range of 22300-22400. Eventually, it settled nearly unchanged, with only a marginal gain of 0.01 percent.
Today, the Nifty Midcap 100 index demonstrated weaker performance compared to the Nifty 50 index, closing with a substantial loss of 1.41 percent.
Among a range of sectors, IT and Financial Services stood out as top performers, exhibiting strength. Conversely, Realty 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 the 22500 level, while on the put side, it’s at 22000. In todays option chain, Higher put writing is witnessed compared to the call writing which indicates a positive sentiment
The Volume Weighted Average Price (VWAP) suggests a trading range for the next day between 22230 and 22510. The Max Pain is seen at 22400 spot with the CE/PE Combined Residual Premium/Pain Value of 207.98 Crores.
In the cash market, Foreign Institutional Investors (FIIs) were net buyers with an activity totaling 73.12 crore, while Domestic Institutional Investors (DIIs) exhibited a net buying activity of 2358.18 crore.
Buy GRAPHITE @ 614-619 with a Target of 650 in 3 days. Stop Loss 600 #Financial #FinancialNews Buy GRAPHITE @ 614-619 with a Target of 650 in 3 days. Stop Loss 600 #Financial #FinancialNews
OPTION TRADE DERIVATIVES: OCT series BUY GRASIM 2600PE @74.5/76, TGT 86/95/110, SL 67 OPTION TRADE DERIVATIVES: OCT series BUY GRASIM 2600PE @74.5/76, TGT 86/95/110, SL 67
Global Indices
GIFT Nifty: 26042 +52
Hangseng: 19181 +52
Dow: 41914 -293
S&P 500: 5722 -11
Nasdaq: 18082 +8
USD / INR: 83.60
Brent Crude: 73.80
GOLD: 2661.21
FII Net (25-09-2024): -973.94
DII Net (25-09-2024): +1778.99 Global Indices
GIFT Nifty: 26042 +52
Hangseng: 19181 +52
Dow: 41914 -293
S&P 500: 5722 -11
Nasdaq: 18082 +8
USD / INR: 83.60
Brent Crude: 73.80
GOLD: 2661.21
FII Net (25-09-2024): -973.94
DII Net (25-09-2024): +1778.99