NIFTY FUTURES – POST CLOSING ANALYSIS
Date: 24 April 2025 (Thursday – Expiry Day)
Close: ₹24,131.30 (+280 points | +1.17%)
Previous Close: ₹23,851
1. Market Summary:
Strong expiry close with Nifty Futures gaining +280 points on broad-based buying.
Index recovered sharply from early weakness and sustained above the 24,000 psychological mark.
Tech, Auto, Banks, and FMCG supported the move.
2. Technical Overview:
Breakout Confirmation: Closed above key resistance of ₹24,000
RSI (Daily): ~67 – strong but nearing overbought
Support Zones:
Immediate: ₹23,950
Strong: ₹23,800
Resistance Ahead:
Minor: ₹24,300
Major: ₹24,500 (all-time high zone breakout territory)
3. F&O Insights:
PCR (Put-Call Ratio): Rose to 1.24 – bullish buildup
Options Data:
Strong PE writing at 24,000
CE buildup at 24,200–24,500 – possible resistance
FIIs: Turned net buyers in index futures after 4 days of selling
4. Sectoral Snapshot:
Top Sectors: IT, Autos (Tata Motors, M&M), Banks
Lagging: Pharma & selective PSU stocks
Stocks Driving Nifty: INFY, TCS, HDFC Bank, Maruti, LT
(Outlook for Friday & Next Week):
Bias remains positive as long as Nifty holds above 24,000
Expect sideways-to-positive move unless global cues turn negative
Eyes on US GDP data, crude oil movement, and FII flows
Trading Plan Ahead:
Buy on dips near 24,000–24,050
SL: 23,880
Targets: 24,300 – 24,450
Avoid fresh shorts unless Nifty closes below 23,850
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