e and maintained a narrow range between 22160-22250 for the majority of the session. However, towards the closing hours, selling pressure intensified, causing the Nifty to dip below 22100. Ultimately, the Nifty settled in the negative territory with a loss of 0.64 percent.
The Nifty Midcap 100 index demonstrated weaker performance compared to the Nifty 50 index, settling negatively with a loss of 1.25 percent.
Among various sectors, Realty and PSU Banks emerged as the standout performers, showcasing robust performance. Conversely, Media and IT underperformed, encountering challenges and displaying weaker results 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 call writing is witnessed compared to the put writing . It indicates negative sentiment in the market.
The Volume Weighted Average Price (VWAP) suggests a trading range for the next day between 21945 and 22185. The Max Pain is seen at 22100 spot with the CE/PE Combined Residual Premium/Pain Value of 311.25 Crores.
In the cash market, Foreign Institutional Investors (FIIs) were net buyers with an activity totaling 284.66 crore, while Domestic Institutional Investors (DIIs) exhibited a net selling activity of 411.57 crore.