Consolidation Phase: After rebounding from recent lows, Nifty has been consolidating this week, preparing for the next leg up.
In the previous session, the Sensex ended 72.56 points, or 0.10 per cent lower, at 74,029.76, while Nifty 50 settled 27.40, or 0.12 per cent lower, at 22,470.50
Currently, the market is lacking the momentum to break decisively above 22,800 or below 22,000. Nifty is likely to consolidate sideways within the same in the near term
Stock Market Today, Nifty Today: Immediate resistance for Nifty share price lies at 22,800, followed by 23,000
Derivatives market data shows that open bets in Nifty and Bank Nifty futures declined up to 8% yesterday; with FIIs covering some short bets, however they still hold significant shorts positions.
Key takeaways from F&O data: Substantial PUT accumulation at the Nifty 22,000 strike solidifies this level as a reliable support base, says Dhupesh Dhameja of SAMCO Securities.
Key takeaways from F&O data: FIIs bearish; retail, DIIs hold bullish bets in index futures. Nifty, Bank Nifty options data indicates a bearish stance in the market.
Stock Market Today: The Nifty index is expected to trade within 22,000-23,000 range over the coming week
Nifty Today: 22,500 is a critical technical support level for Nifty share price
Cues from F&O data: Despite holding a bearish view in the February series, data shows FIIs may have added few long positions in Nifty, MidCap Nifty futures; while added short positions in Bank Nifty.
The stocks surged after National Stock Exchange (NSE) announced their futures and options (F&O) contracts would be available for trading from February 20, 2025
Nifty50 is trading near the 22,800 support level, with the broader monthly range observed at 22,500 - 23,500
The key reference points for Nifty are: Support at 22,750 and Resistance at 23,800
FIIs were net sellers in index futures for the fourth straight day yesterday. Open positions in Bank Nifty rose by nearly 12% amid the market fall. Here's what experts have to say.
Nifty Today: An overall improvement in market breadth over the last week suggests limited downside capped within 22900
DIIs, retail and proprietary traders continue to hold bullish bets in index futures, shows NSE derivative data. Technically, Nifty near support rises to 23,630.
The NSE derivatives data show that FIIs continue to hold a bearish bias, with 8.5 short positions in index futures for every long bet.
Nifty Today: The immediate Support and Resistance levels for Nifty are: 22,900 and 23,700, respectively, as per Nifty 50 chart
Derivative market update for February 1: Data shows that FIIs hold 8 short positions in index futures for every long trade; retail, DIIs, proprietary traders hold bullish bets.
Stock Markets Today, Stock Market Prediction, Jan 23: Q3 results, FII activity, weekly F&O Nifty expiry, and global cues will guide the markets today