Derivatives Overview & Outlook

Yesterday, Banknifty futures added 2.4% of open interest as long buildup, some short buildup was seen in Finnifty futures with increase in open interest by 1.5%. Whereas no meaningful activities were seen in Nifty and Midcapnifty futures on price as well as on open interest front.

Performance on the sectoral front was mix. Amongst them, FMCG, Technology Textile, and Realty stocks witnessed maximum addition of short positions and some long buildup was seen among Metal, Pharma, Telecom and Capital Goos stocks.

On option front, put writing along with call writing was seen at multiple strikes and maximum positions are at 25500 PE and 26000 CE followed by 25600 CE.

Institutional Trading Activity

Yesterday, FIIs sold stocks worth Rs 1970 Cr in the cash segment, sold index futures worth Rs 116 Cr also sold stocks futures worth Rs 1335 Cr. DIIs were net buyers in the cash segment to the tune of Rs 771 Cr.

Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels

Nifty – Resistances 25720-25800; Supports 25520-25450

Banknifty – Resistances 57800-58000; Supports 57200-57000

Finnifty – Resistances 27400- 27500; Supports 27200-27100

F&O Security in Ban Today: RBLBANK

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