Well SEBI in its wisdom came with the guidelines for mutual funds that they should tone down their investments in Midcap and Large cap. Being election year they don't want double whammy effect on mkt and thus this order issued and mkt does not like such orders. Ideally such orders should have had been issued on Friday after mkt hours to let market absorb it on Saturday and Sunday. Such orders during mkt hours are dangerous for the mkt.
Trading is a game of patience and this is the reason that we enter at the correct time and exit timely to make a quick profit using our banknifty option tip which gets you profit in any kind of the market by following our guidelines.
The Nifty began trading with little change and experienced a significant sell-off from higher levels. Throughout the session, it maintained a negative bias, ultimately settling near the day's low with a substantial loss of 1.11 percent.
The Nifty Midcap 100 index displayed weaker performance today in contrast to the Nifty 50, closing negatively with a significant loss of 1.94 percent.
Among a range of sectors, IT and Consumer Durables stood out as top performers, exhibiting strength. Conversely, Media and PSU Banks lagged behind, facing hurdles and displaying weaker performance throughout the trading session.
The options market indicates that the highest open interest on the call side is at the 22200 level, while on the put side, it's at 21500. In todays option chain, Higher call writing is witnessed compared to the put writing .It indicates negative sentiment in the market.
The system suggests a trading range for the next day between 21845 and 22095. The Max Pain is seen at 22000 spot with the CE/PE Combined Residual Premium/Pain Value of 797.83 Crores.
In the cash market, Foreign Institutional Investors (FIIs) were net sellers with an activity totaling 1879.23 crore, while Domestic Institutional Investors (DIIs) exhibited a net buying activity of 1827.45 crore
The Nifty began trading with little change and experienced a significant sell-off from higher levels. Throughout the session, it maintained a negative bias, ultimately settling near the day's low with a substantial loss of 1.11 percent.
The Nifty Midcap 100 index displayed weaker performance today in contrast to the Nifty 50, closing negatively with a significant loss of 1.94 percent.
Among a range of sectors, IT and Consumer Durables stood out as top performers, exhibiting strength. Conversely, Media and PSU Banks lagged behind, facing hurdles and displaying weaker performance throughout the trading session.
The options market indicates that the highest open interest on the call side is at the 22200 level, while on the put side, it's at 21500. In todays option chain, Higher call writing is witnessed compared to the put writing .It indicates negative sentiment in the market.
The system suggests a trading range for the next day between 21845 and 22095. The Max Pain is seen at 22000 spot with the CE/PE Combined Residual Premium/Pain Value of 797.83 Crores.
In the cash market, Foreign Institutional Investors (FIIs) were net sellers with an activity totaling 1879.23 crore, while Domestic Institutional Investors (DIIs) exhibited a net buying activity of 1827.45 crore
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should Trade Less But Trade Accurately & this is Achieved with our Tip.
