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Dear Trader…

Markets extended their recovery, ending slightly higher, building on Tuesday’s surge. After a flat start, Nifty future gradually moved up throughout the session, though profit booking in the final hour trimmed some gains. As a result, Nifty future closed at 22,972.95, up 0.34%. Sectoral trends remained mixed, with realty and energy leading the gains, while IT and FMCG lagged. Meanwhile, strong performance from broader indices further lifted sentiment.

Following the recent surge, markets will react to the US Fed meeting outcome in early Thursday trades, with attention then shifting to the weekly expiry. While some consolidation is possible, the overall sentiment is likely to remain positive, favoring a “buy on dips” approach. We are witnessing rotational participation across key sectors, with banking, financials, metals, and energy taking the lead. Traders should position themselves accordingly and remain selective in the broader market.

Nifty futures opened at 22934 points against the previous close of 22895 and opened at a low of 22872 points. Nifty Future closed with an average movement of 121 points and a rise of around 77 points and 22972 points…!!

On the NSE, the midcap 100 index will rise 2.63% and smallcap 100 index is closing rise 2.43%. Speaking of various sectoral indices only IT and FMCG stocks were seen selling on the NSE, while all other sectoral indices closed higher.

At the start of intra-day trading, April gold opened at Rs.88796, fell from a high of Rs.89014 points to a low of Rs.88511 with a decline of 6 points, a trend of around Rs.88720 and May Silver opened at Rs.101300, fell from a high of Rs.101469 points to a low of Rs.101181 with a decline of 353 points, a trend of around Rs.100916.

Meanwhile, The FIIs as per Wednesday’s data were net buyers in equity and debt segments both, according to data released by the NSDL. In equity segment, the gross buying was of Rs 15831.17 crore against gross selling of Rs 15120.75 crore. Thus, FIIs stood as net buyers of Rs 710.42 crore in equities.

In the debt segment, the gross purchase was of Rs 2576.37 crore with gross sales of Rs 1325.80 crore. Thus, FIIs stood as net buyers of Rs 1250.57 crore in debt. Of the total debt, FIIs stood as net sellers in Debt-General Limit segment at Rs 125.59 crore, they stood at net buyers in Debt-VRR segment at Rs 75.29 crore, while net buyers in Debt-FAR segment at Rs 1300.87 crore.

In the hybrid segment, the gross buying was of Rs 33.95 crore against gross selling of Rs 53.65 crore. Thus, FIIs stood as net sellers of Rs 19.70 crore in hybrid segment.

Technically, the important key resistances are placed in Nifty future are at 23008 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 23088 – 23133 levels. Immediate support is placed at 22880 – 22808 levels.

Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in

Dear Trader…

The markets decisively broke out of a week-long consolidation, surging nearly 1.5% and reinforcing the recovery momentum. Nifty future exhibited strong upward movement throughout the session, closing near the day’s high at 22,895.40, with broad-based participation across sectors, led by real estate, auto, and banking. Broader indices also posted impressive gains of over 2%.

Looking ahead, the alignment between the benchmark index and banking majors supports further recovery, with Nifty eyeing the 23,130 level. However, global factors such as the Federal Reserve meeting and geopolitical uncertainties may introduce intermittent volatility. A ‘buy on dips’ strategy remains prudent, with a focus on sectors/themes that align with the prevailing market trend.

Nifty futures opened at 22705 points against the previous close of 22584 and opened at a low of 22672 points. Nifty Future closed with an average movement of 239 points and a rise of around 311 points and 22895 points…!!

On the NSE, the midcap 100 index will rise 2.18 % and smallcap 100 index is closing rise 2.71%. Speaking of various sectoral indices, Media, Realty, Consumer Durables, Auto, PSU Bank and Metal stocks saw heavy gains on the NSE, while all other sectoral indices also closed higher.

At the start of intra-day trading, April gold opened at Rs.88274, fell from a high of Rs.88800 points to a low of Rs.88257 with a rise of 769 points, a trend of around Rs.88792 and May Silver opened at Rs.100964, fell from a high of Rs.101980 points to a low of Rs.100854 with a rise of 1418 points, a trend of around Rs.101954.

Meanwhile, The Asian markets too closed in the green, buoyed by renewed optimism over China’s economic recovery. Heavyweight banking stocks recorded strong gains, taking Nifty Bank index higher by 2% to cross 49,000-mark, its two week high. Shares of domestic metal companies gained on expectations of increased global demand after China recently unveiled stimulus plans to boost domestic spending.

The US Fed’s and Bank of Japan’s monetary policy meet begins today with both expected to hold the interest rates steady. The market will focus on Fed’s updated economic projections and commentary for clues on the path ahead. We expect the market recovery to continue in the near term on the back of positive global cues and value buying at lower levels. 

Technically, the important key resistances are placed in Nifty future are at 23008 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 23088 – 23130 levels. Immediate support is placed at 22838 – 22770 levels.

Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in

Dear Trader…

Nifty future gained 0.62% to close at 22,584 level on the back of positive global cues as the US markets rebounded on Friday and the Asian markets closed with gains on optimism over China’s plans to boost consumption.  Healthy gains in banking, financial, pharma, and auto stocks pushed front-line indices higher. Nifty Metal index rose 0.8% as China’s measures to revive its economy were seen aiding base metal prices. Further, weakness in US dollar index amid mounting economic concerns in the US, lifted the metal stocks.

Indian rupee gained for the third session, closing at 86.80 per dollar, adding to the positive investor sentiments. Last week, FIIs sold just about Rs5700 crore of equites compared to Rs15,500 crore in the first week of March. This slowdown in the selling intensity suggests there could be limited downside in the near term.

Market participants will watch out for the interest rate decisions of the US Fed and Bank of Japan on Wednesday and Bank of England on Thursday. The US central bank is expected to hold interest rates steady, maintaining its stance from the last meet due to risk of inflationary pressure from the US tariff policies. We expect the market to remain in consolidation mode, tracking global events over the week.

Nifty futures opened at 22510 points against the previous close of 22444 and opened at a low of 22502 points. Nifty Future closed with an average movement of 167 points and a rise of around 140 points and 22584 points…!!

On the NSE, the midcap 100 index will rise 0.70 % and smallcap 100 index is closing rise 0.48%. Speaking of various sectoral indices only Media, Realty, PSU Bank, FMCG and Oil and Gas stocks were seen selling on the NSE, while all other sectoral indices closed higher.

At the start of intra-day trading, April gold opened at Rs.87831, fell from a high of Rs.88160 points to a low of Rs.87692 with a decline of 21 points, a trend of around Rs.87970 and May Silver opened at Rs.100358, fell from a high of Rs.100786 points to a low of Rs.100223 with a decline of 463 points, a trend of around Rs.100275.

Meanwhile, The FIIs as per Monday’s data were net sellers in equity segment, while they were net buyers in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 11539.37 crore against gross selling of Rs 12396.63 crore. Thus, FIIs stood as net sellers of Rs 857.26 crore in equities.

In the debt segment, the gross purchase was of Rs 2832.42 crore with gross sales of Rs 2208.42 crore. Thus, FIIs stood as net buyers of Rs 624.00 crore in debt. Of the total debt, FIIs stood as net buyers in Debt-General Limit segment at Rs 444.77 crore, they stood at net sellers in Debt-VRR segment at Rs 1034.65 crore, while net buyers in Debt-FAR segment at Rs 1213.88 crore. In the hybrid segment, the gross buying was of Rs 24.38 crore against gross selling of Rs 18.00 crore. Thus, FIIs stood as net buyers of Rs 6.38 crore in hybrid segment.

Technically, the important key resistances are placed in Nifty future are at 22636 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 22707 – 22770 levels. Immediate support is placed at 22404 – 22272 levels.

Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in

Dear Trader…

On the weekly expiry day, markets remained range-bound and closed slightly lower. While positive global cues initially drove an uptick, selling pressure in heavyweight stocks across sectors pulled the Nifty future into the red, eventually settling at 22,444.25. Barring the banking sector, all major indices ended lower, with realty, auto, and metal stocks leading the decline. The broader indices followed suit, losing nearly a percent each.

The ongoing consolidation in the Nifty index has kept participants cautious, but a decisive breakout from the 22,272-22,676 range is expected soon. In the meantime, traders should maintain a stock-specific approach while managing position sizes carefully. We continue to advise against adding to loss-making positions, particularly in the midcap and smallcap segments, given the likelihood of sustained underperformance.

Nifty futures opened at 22550 points against the previous close of 22530 and opened at a low of 22430 points. Nifty Future closed with an average movement of 185 points and a decline of around 86 points and 22444 points…!!

On the NSE, the midcap 100 index will decline 0.75% and smallcap 100 index is closing decline 0.98%. Speaking of various sectoral indices, the NSE saw gains in only PSU Bank and Bank stocks, while all other sectoral indices closed lower.

At the start of intra-day trading, April gold opened at Rs.86816, fell from a high of Rs.86940 points to a low of Rs.86521 with a rise of 177 points, a trend of around Rs.86863 and May Silver opened at Rs.99481, fell from a high of Rs.99481 points to a low of Rs.99686 with a decline of 366 points, a trend of around Rs.99110.

Meanwhile, The FIIs as per Wednesday’s data were net sellers in equity segment, while they were net buyers in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 13979.03 crore against gross selling of Rs 14118.18 crore. Thus, FIIs stood as net sellers of Rs 139.15 crore in equities.

In the debt segment, the gross purchase was of Rs 3496.69 crore with gross sales of Rs 1491.23 crore. Thus, FIIs stood as net buyers of Rs 2005.46 crore in debt. Of the total debt, FIIs stood as net buyers in Debt-General Limit segment at Rs 2439.21 crore, they stood at net buyers in Debt-VRR segment at Rs 28.34 crore, while net sellers in Debt-FAR segment at Rs 462.09 crore.

In the hybrid segment, the gross buying was of Rs 10.08 crore against gross selling of Rs 10.89 crore. Thus, FIIs stood as net sellers of Rs 0.81 crore in hybrid segment.

Technically, the important key resistances are placed in Nifty future are at 22570 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 22606 – 22676 levels. Immediate support is placed at 22373 – 22272 levels.

Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing / trading, mentioned on www.nikhilbhatt.in

Dear Trader…

Markets remained volatile and ended nearly flat, extending Tuesday’s trend. After opening on a steady note, Nifty future drifted lower in the first half, but a recovery in select heavyweights helped trim most losses, closing at 22,530.35. Sectoral trends remained mixed, with pharma, banking, and auto seeing gains, while IT and realty lagged. Meanwhile, broader indices faced pressure amid consolidation, losing nearly half a percent each.

Despite weak global cues, markets are displaying resilience, though pressure in key sectors is limiting the upside. Further consolidation is likely in the coming sessions, with heightened volatility expected due to the weekly expiry. Traders should maintain a stock-specific approach, focusing on large caps and prominent midcaps.

Nifty futures opened at 22580 points against the previous close of 22564 and opened at a low of 22380 points. Nifty Future closed with an average movement of 238 points and a decline of around 33 points and 22530 points…!!

On the NSE, the midcap 100 index will decline 0.57% and smallcap 100 index is closing decline 0.21%. Speaking of various sectoral indices only IT, Realty, Media, PSU Bank and Metal stocks were seen selling on the NSE, while all other sectoral indices closed higher.

At the start of intra-day trading, April gold opened at Rs.86139, fell from a high of Rs.86292 points to a low of Rs.85966 with a decline of 161 points, a trend of around Rs.85991 and May Silver opened at Rs.98562, fell from a high of Rs.99100 points to a low of Rs.98255 with a rise of 816 points, a trend of around Rs.98948.

Meanwhile, Capital market stocks declined as monthly systematic investment plan (SIP) inflows into mutual funds fell to a three-month low of Rs 25,999 crore in February amid market volatility.

Conversely, India’s retail inflation eased to seven-month low of 3.61% in Feb’25, down from 4.31% in January. The industrial output growth was above expectation at 5% YoY in Jan’25 against 3.2% in December. These factors are likely to infuse some positive into the markets on Thursday. Overall, we expect the market to remain range-bound with some volatility and sector rotation.

Technically, the important key resistances are placed in Nifty future are at 22606 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 22676 – 22707 levels. Immediate support is placed at 22474 – 22414 levels.

Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing / trading, mentioned on www.nikhilbhatt.in

Dear Trader…

Nifty future opened gap down following a sell-off in Asian markets after Wall Street indices declined sharply on Monday. The fall was on account of U.S. President Donald Trump’s refusal on Sunday to predict whether the U.S. would enter a recession, amidst concerns over his tariff policies, which intensified investor anxieties. However, Nifty future recovered during the session, showing resilience and closed near day’s high at 22,564 (+0.22%) level.

Shares of real estate companies witnessed strong buying interest, pushing the Nifty Realty up by 3.6%. Telecom stocks gained following reports that the government has sought parliament’s approval to spend 53.2 billion to upgrade telecom networks in under-served areas. Conversely, Nifty IT was under selling pressure on the back of weak global cues. Shares of auto manufacturers and OEMs also faced pressure as Maharashtra government announced a hike in the motor tax on CNG and PNG four wheelers by 1%.

Nifty futures opened at 22419 points against the previous close of 22515 and opened at a low of 22361 points. Nifty Future closed with an average movement of 230 points and a rise of around 48 points and 22564 points…!!

On the NSE, the midcap 100 index will rise 0.67% and smallcap 100 index is closing decline 0.80%. Speaking of various sectoral indices only Bank, IT, Auto, Media, FMCG and Private Bank stocks were seen selling on the NSE, while all other sectoral indices closed higher.

At the start of intra-day trading, April gold opened at Rs.85603, fell from a high of Rs.86016 points to a low of Rs.85510 with a rise of 539 points, a trend of around Rs.85958 and May Silver opened at Rs.96746, fell from a high of Rs.97740 points to a low of Rs.96545 with a rise of 1105 points, a trend of around Rs.97570.

Meanwhile, Capital market stocks continued their losing streak as weak investor participation and a 21-month low in demat account additions in Feb’25, weighed on the sector. On the macro front, investors will be focussing on US and India’s retail inflation data to be released tomorrow. We expect the market to track global developments and remain in consolidation mode in the absence of any significant domestic trigger.

Technically, the important key resistances are placed in Nifty future are at 22606 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 22676 – 22707 levels. Immediate support is placed at 22373 – 22303 levels.

Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in

Dear Trader…

Markets began the week on a feeble note, shedding nearly half a percent amid mixed cues. After an initial positive tone and range-bound movement in the first half, the presence of a critical resistance at the 20-day EMA not only capped the upside but also triggered profit booking as the session progressed. As a result, the Nifty future index closed near the day’s low at 22,515.65, down 0.59%. All key sectors declined in line with the broader trend, with realty, energy, and auto leading the losses. The broader indices also came under pressure, falling between 1.8% and 2.4%.

For the market to surpass the short-term resistance of the 20-day EMA at 22,700, a fresh catalyst is needed. However, mixed global cues and the underperformance of the banking index remain key hurdles. Amid all, we suggest continuing with a positive yet cautious approach in the prevailing scenario, with focus on stock selection and risk management.

Nifty futures opened at 22599 points against the previous close of 22659 and opened at a low of 22486 points. Nifty Future closed with an average movement of 241 points and a decline of around 134 points and 22515 points…!!

On the NSE, the midcap 100 index will decline 1.53% and smallcap 100 index is closing decline 1.97%. Speaking of various sectoral indices, the NSE saw gains in only FMCG stocks, while all other sectoral indices closed lower.

At the start of intra-day trading, April gold opened at Rs.85981, fell from a high of Rs.86139 points to a low of Rs.85732 with a rise of 47 points, a trend of around Rs.85924 and May Silver opened at Rs.97451, fell from a high of Rs.98098 points to a low of Rs.97355 with a rise of 549 points, a trend of around Rs.97750.

Meanwhile, Global headwinds continue to drag the market sentiment, with the rise in US unemployment rates and tariffs leading to uncertainty, indicating that volatility is here to stay for the near term.

The domestic macros are favouring investors to start accumulating the beaten-down stocks with caution in the short term, while the long term appears attractive. A slew of economic indicators this week, US and India CPI data, will be keenly watched by investors for any ease in the current volatility.

Technically, the important key resistances are placed in Nifty future are at 22606 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 22676 – 22737 levels. Immediate support is placed at 22474 – 22404 levels.

Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing / trading, mentioned on www.nikhilbhatt.in

Dear Trader…

Markets traded in a narrow range and ended almost flat, pausing after two consecutive sessions of gains. Nifty future opened on a flat note and attempted to inch higher in early trade, but a mixed trend among heavyweights limited the upside. As a result, it closed unchanged at 22,649.95.

Sectoral movement kept traders engaged, with metals finishing in the green, while realty and IT were among the laggards. A similar trend played out in the broader market, as small-caps edged higher while mid-caps closed in the red.

Nifty future is now approaching its immediate resistance at 22,808 and will require fresh catalysts to break past this level. A potential trigger could be renewed buying interest in banking heavyweights, which have largely stayed on the sidelines during the recent rebound. However, global uncertainties may weigh on sentiment and disrupt this recovery attempt. Given the mixed signals, we recommend maintaining a positive yet cautious stance, with a focus on prudent position sizing.

Nifty futures opened at 22598 points against the previous close of 22620 and opened at a low of 22572 points. Nifty Future closed with an average movement of 165 points and a rise of around 29 points and 22649 points…!!

On the NSE, the midcap 100 index will decline 0.32% and smallcap 100 index is closing rise 0.67%. Speaking of various sectoral indices, the NSE saw gains in only Media, Oil and Gas, Metal, Auto and PSU Bank stocks, while all other sectoral indices closed lower.

At the start of intra-day trading, April gold opened at Rs.85740, fell from a high of Rs.86060 points to a low of Rs.85713 with a decline of 10 points, a trend of around Rs.86024 and May Silver opened at Rs.97956, fell from a high of Rs.98200 points to a low of Rs.97506 with a decline of 528 points, a trend of around Rs.97613.

Meanwhile, The FIIs as per Friday’s data were net sellers in equity segment, while they were net buyers in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 13118.16 crore against gross selling of Rs 15756.94 crore. Thus, FIIs stood as net sellers of Rs 2638.78 crore in equities.

In the debt segment, the gross purchase was of Rs 2598.85 crore with gross sales of Rs 2448.92 crore. Thus, FIIs stood as net buyers of Rs 149.93 crore in debt. Of the total debt, FIIs stood as net sellers in Debt-General Limit segment at Rs 72.21 crore, they stood at net buyers in Debt-VRR segment at Rs 390.75 crore, while net sellers in Debt-FAR segment at Rs 168.61 crore.

In the hybrid segment, the gross buying was of Rs 19.18 crore against gross selling of Rs 37.41 crore. Thus, FIIs stood as net sellers of Rs 18.23 crore in hybrid segment.

Technically, the important key resistances are placed in Nifty future are at 22707 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 22737 – 22808 levels. Immediate support is placed at 22474 – 22404 levels.

Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in

Dear Trader…

Nifty future ended with gains for the second consecutive day, rising by 0.80% to close at 22,620 level. Market optimism was driven by positive global cues as US President Donald Trump exempted auto manufacturing companies from 25% tariffs on Canada and Mexico for one month, easing trade tensions to some extent. On the domestic front, RBI announced Rs 1,00,000 crore OMO purchases and USD/INR Buy/Sell Swap auction of $ 10 billion in March to infuse liquidity into the banking system, which was cheered by the market.

There was continued buying interest in the broader market with Nifty Midcap100 and Smallcap100 gaining 0.4% and 1.3% respectively. All sectoral indices ended in the positive territory, with oil & gas and metal indices up over 2% and pharma, healthcare and FMCG indices up over 1% each. Crude sensitive stocks surged as oil prices slip to six-month low.

Metal stocks recorded significant gains as investors remained optimistic over China’s stimulus package and decline in US dollar.  Investors to watch out for ECB interest rate decision today and US unemployment rate and Fed Chair Powell’s commentary tomorrow. We expect the market to remain stable over the next few days and track developments on the global front.

Nifty futures opened at 22541 points against the previous close of 22441 and opened at a low of 22359 points. Nifty Future closed with an average movement of 279 points and a rise of around 179 points and 22620 points…!!

On the NSE, the midcap 100 index will rise 0.37 % and smallcap 100 index is closing rise 1.32%. Speaking of various sectoral indices only Realty stocks were seen selling on the NSE, while all other sectoral indices closed higher.

At the start of intra-day trading, April gold opened at Rs.86077, fell from a high of Rs.86145 points to a low of Rs.85372 with a decline of 163 points, a trend of around Rs.85670 and May Silver opened at Rs.97961, fell from a high of Rs.98129 points to a low of Rs.97315 with a rise of 125 points, a trend of around Rs.97667.

Meanwhile, The FIIs as per Thursday’s data were net sellers in equity segment, while they were net buyers in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 15423.06 crore against gross selling of Rs 17312.54 crore. Thus, FIIs stood as net sellers of Rs 1889.48 crore in equities.

In the debt segment, the gross purchase was of Rs 2681.03 crore with gross sales of Rs 1261.63 crore. Thus, FIIs stood as net buyers of Rs 1419.40 crore in debt. Of the total debt, FIIs stood as net buyers in Debt-General Limit segment at Rs 832.55 crore, they stood at net buyers in Debt-VRR segment at Rs 74.65 crore, while net buyers in Debt-FAR segment at Rs 512.20 crore.

In the hybrid segment, the gross buying was of Rs 45.67 crore against gross selling of Rs 23.33 crore. Thus, FIIs stood as net buyers of Rs 22.34 crore in hybrid segment.

Technically, the important key resistances are placed in Nifty future are at 22676 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 22707 – 22737 levels. Immediate support is placed at 22474 – 22303 levels.

Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in

Dear Trader…

Nifty future rebounded sharply, breaking a 10-day losing streak to end with 1.13% gains at 22,441 level. This resulted from strength in the Asian markets and value buying at lower levels in the Indian market. A key driving factor for the market was the indication from the US Commerce Secretary that the Trump administration could announce a pathway for reducing tariffs on Mexican and Canadian goods. The broader market witnessed strong buying interest for the second consecutive day with Nifty Midcap 100 and Smallcap 100 indices rising 2.4% and 3% respectively.

The strong rise in steel stocks led to a rally in Nifty metal index, which was up nearly 4.5%. On the macro front, India’s services PMI showed recovery in February, rising to 59, up from 56.5 in January backed by surge in new business order. Investors will watch out for US Service PMI to be released later today and ECB interest rate decision tomorrow. Going ahead, a sustained market recovery would be largely dependent on global developments around the US tariffs as well as continued buying interest in domestic equities.

Nifty futures opened at 22200 points against the previous close of 22191 and opened at a low of 22168 points. Nifty Future closed with an average movement of 330 points and a rise of around 250 points and 22441 points…!!

On the NSE, the midcap 100 index will rise 2.42 % and smallcap 100 index is closing rise 2.96%. Speaking of various sectoral indices, Metal, Media, PSU Bank and Auto stocks saw heavy gains on the NSE, while all other sectoral indices also closed higher.

At the start of intra-day trading, April gold opened at Rs.85931, fell from a high of Rs.86230 points to a low of Rs.85840 with a decline of 11 points, a trend of around Rs.86015 and May Silver opened at Rs.96400, fell from a high of Rs.97545 points to a low of Rs.96400 with a rise of 1073 points, a trend of around Rs.97329.

Meanwhile, The FIIs as per Wednesday’s data were net sellers in equity segment, while they were net buyers in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 12088.05 crore against gross selling of Rs 15624.10 crore. Thus, FIIs stood as net sellers of Rs 3536.05 crore in equities.

In the debt segment, the gross purchase was of Rs 2595.61 crore with gross sales of Rs 2015.24 crore. Thus, FIIs stood as net buyers of Rs 580.37 crore in debt. Of the total debt, FIIs stood as net sellers in Debt-General Limit segment at Rs 390.02 crore, they stood at net sellers in Debt-VRR segment at Rs 37.13 crore, while net buyers in Debt-FAR segment at Rs 1007.52 crore.

In the hybrid segment, the gross buying was of Rs 8.04 crore against gross selling of Rs 18.19 crore. Thus, FIIs stood as net sellers of Rs 10.15 crore in hybrid segment.

Technically, the important key resistances are placed in Nifty future are at 22505 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 22575 – 22606 levels. Immediate support is placed at 22373 – 22303 levels.

Investment in securities market are subject to market risks. Read Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in