2024-05-01 20:55:44
Kal pe Nazar (01-May-2024)After an initially positive start, the Nifty fluctuated within a range of 22665-22780 for much of the trading session. However, aggressive profit booking in the final hour wiped out all gains, resulting in the Nifty ending the day in negative territory with a loss of 0.17 percent.
The Nifty Midcap 100 index outperformed the Nifty 50, closing the session with a marginal gain of 0.07 percent.
Among a range of sectors, Auto and Realty stood out as top performers, exhibiting strength. Conversely, Media and IT 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 23000 level, while on the put side, its at 22500. Looking at today's option chain, we observe a greater amount of call writing activity compared to put writing, signaling a bearish sentiment in the market.
The Volume Weighted Average Price (VWAP) suggests a trading range for the next day between 22550 and 22770. The Max Pain is seen at 22600 spot with the CE/PE Combined Residual Premium/Pain Value of 665.57 Crores.
In the cash market, Foreign Institutional Investors (FIIs) were net buyers with an activity totaling 1071.93 crore, while Domestic Institutional Investors (DIIs) exhibited a net buying activity of 1429.11 crore.Disclaimers: https://bit.ly/DisclaimerKSLResearch
Source: www.nseindia.com
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