4th Feb'2021 (Evening)

4th Feb'2021 (Evening) 

  • Markets opened and Bank Nifty immediately saw selling. A fall of 300 points and 500 point lower than previous close. Buying then came in and lifted it to 35413, before closing at 35344. A movement of approx 1200 point on an expiry day. 
  • Buying was seen specially in SBIN (5000Cr), ITC (2400Cr), BajFinance (2900Cr). Also TataMotors, Bharati were very active stocks today.
  • FII bought for 1936 Cr today, but they also created 11680 shorts and unwound 2556 longs in futures. Thus creating some hedges.
  • Market as of now seems to be in the grip of bulls. Both Nifty and BankNifty closed at high points of the day. Market range seems to have widened at the moment. 
  • While Nifty still has a strong resistance at 15000, BankNifty has broken 35000. 
  • Expect Nifty to trade between 14500 and 15000 and BankNifty to trade between 34000 and 35500.

1. FII were net Buyers for 1936 Cr today, while DII were sellers for 768 Cr. A net Buying of 1168 Cr from the institutional side.

2. FII's Unwound 2556 longs and Created 11680 shorts on the indices

3. Options data is not relevant today.

4. For next week expiry, Nifty has the highest OI for PE at 14000 followed by 14500 and highest OI for CE is at 15000 followed by 15500. Highest Put writing was seen at 14000 and highest call writing was seen at 15500 levels.

5. For the next week expiry, Bank Nifty has the highest OI for PE at 31000 followed by 34000 and highest OI for CE is at 36000 followed by 35500. Highest Put writing was seen at 31000 and highest call writing was seen at 36000 levels. 

6. Asian markets closed in red today and European markets closed mixed

7. US markets trading in green as of now.

8. The breadth of the market was strong.

9. Nifty opened at 14789 and made an intra day high of 14913 and a low of 14714 before closing at 14895 .The range of Nifty for the day was 199 points.

10. Bank Nifty opened at 34548 and made an intra day high of 35413 and a low of 34238 before closing at 35344 .The range of Nifty for the day was 1175 points.

11. UD Dollar Index is trading at 91.49

12. Except a few individual stocks, almost all sectors moved up

13. India VIX eased to 23.12


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