Derivatives Overview & Outlook

Yesterday, Finnifty added 5.9% of open interest as long buildup along with some long unwinding in Nifty and Banknifty futures with decrease in open interest by 2.1% and 6.5% respectively while no significant change was seen in Midcapnifty futures on open interest as well as price front.

Performance on the sectoral front was mix. Amongst them, Pharma, FMCG and Metal stocks witnessed maximum addition of long positions along with some short covering in Telecom stocks. On the other hand, short buildup was seen among Power, Capital Goods , Finance and Realty stocks.

On options front, call writing along with some put writing was seen at multiple strikes. Maximum positions are at 25000 PE and 26000 CE followed by 25600 CE.

Institutional Trading Activity

Yesterday, FIIs sold stocks worth Rs 1562 Cr in the cash segment, sold index futures worth Rs 2057 Cr and bought stock futures worth Rs 714 Cr. DIIs were net buyers in the cash segment to the tune of Rs 3037 Cr.

Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels

Nifty – Resistances 25650-25750; Supports 25450-25350

Banknifty – Resistances 57400-57600; Supports 57000-56700

Finnifty – Resistances 27200- 27300; Supports 26900-26800

F&O Security in Ban Today: RBLBANK

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