The Nifty's positive short-term technical posture is supported by a bullish RSI crossover and lower volatility, even as institutional investors display diverging strategies. Domestic institutional investors injected a net of Rs 1,924 crore into equities, successfully offsetting foreign institutional selling of Rs 944 crore. Derivatives traders face specific restrictions as Kaynes and SAIL entered the futures and options ban list after breaching the 95% market-wide position limit.
Key points
Technical momentum for the Nifty remains favorable as long as key support thresholds and…: Technical momentum for the Nifty remains favorable as long as key support thresholds and moving averages are defended.
Domestic institutional buying continues to provide a vital buffer against sustained forei…: Domestic institutional buying continues to provide a vital buffer against sustained foreign portfolio investor outflows.
Derivative restrictions on Kaynes and SAIL will limit fresh speculative trading activity…: Derivative restrictions on Kaynes and SAIL will limit fresh speculative trading activity in those specific counters.
Sources checked by our analysis pipeline: 1
STATE OF THE MARKETS
Tech View: The RSI has also witnessed a bullish crossover, supporting positive short-term momentum. As long as Nifty sustains above its 20-DMA and the crucial support zone of 22,800, the short-term outlook remains positive, with resistance at 23,175.India VIX: India VIX, which is a measure of the fear in the markets, fell 7% to settle at 15.12 levels.
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Stocks in F&O ban today
1) Kaynes2) SAIL
Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.
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FII/DII action
Foreign portfolio investors net sold shares worth Rs 944 crore on Thursday. DIIs, meanwhile, were net buyers at Rs 1,924 crore.Read more: Dean of valuation Aswath Damodaran pegs Anthropic's worth at $1.475 trillion ahead of mega IPO
Rupee
The rupee consolidated in a narrow range and ended 2 paise higher at 95.26 against the…
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