Nifty Futures Remained Flat During The Session, Indicating A Range-Bound Market | Business News
Why It Matters
The concentrated option positioning around key strikes sets clear near-term support/resistance and increases the likelihood of constrained, range-bound trading through expiry; weakness in OMCs highlights political risk impacting earnings and sector valuations.
Summary
Nifty futures traded flat and largely range-bound, with only modest intra-day short-covering that briefly pushed the index lower. F&O flows show concentrated put-writing around 22,800–23,200 ahead of the weekly expiry, while call writers gained activity as the index dipped into negative territory. Banking names were mixed—private banks saw some buying while select lenders experienced short buildup and long unwinding—and sector movers included gains in Ultratech and Grasim and heavy losses in OMCs. Open-interest shifts were notable in Hindalco, Maruti and select midcaps, signaling mixed positioning and profit-taking rather than a directional break.
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