Market Pulse: NIFTY Insights

📉 Market Snapshot

NIFTY made a high of 22,261, then dropped to a low of 22,004, before recovering to close at 22,119.30 (-5.40, -0.02%).

🔹 Support from: NIFTY Realty, IT, and midcap stocks helped sustain Bank NIFTY.
🔹 Selling pressure: Reliance (-2%) and HDFC Bank (-1.67%) dragged NIFTY and Bank NIFTY lower.

🔻 Downside Levels (Support)

• 22,000 – Immediate support; a break below this may lead to further downside.
• 21,784 – Crucial support level; closing below this could trigger a deeper correction.
• 21,500 – A decisive break below this level may intensify selling pressure.

📈 Upside Levels (Resistance)

• 22,300 – Key resistance; NIFTY must close above this level for an upside move.
• 22,500 – Sustaining above this level could open the path for further gains.

📊 Market Sentiment

 NIFTY’s current trading range: 21,800 – 22,300

🔹 Break below 22,000: Downside towards 21,800 possible.
🔹 Break above 22,300: Upside potential up to 22,500.

————————————————————————————————

📊 Open Interest (6 Mar Expiry)

• 21,800 – CALL OI: 2.31L | PUT OI: 53.92L
• 22,000 – CALL OI: 15.95L | PUT OI: 72L
• 22,300 – CALL OI: 68.46L | PUT OI: 24.17L
• 22,400 – CALL OI: 115.17L | PUT OI: 26.34L

Key Insights from Open Interest Data:

• 🔹 Strong Put Writing at 22,000 (72L OI) – Indicates strong support at this level. If broken, expect further downside towards 21,800.

  🔹 Heavy Call Writing at 22,400 (115.17L OI) – Suggests strong resistance here; sustained trade above this could trigger short covering.

  🔹 22,300 Call OI (68.46L) > Put OI (24.17L) – Indicates selling pressure at this level, making it a key hurdle for further upside.

  🔹 Aggressive Put Writing at 21,800 (53.92L OI) – Signals buyers defending this level, making it a crucial downside support

————————————————————————————————

FII & DII Activity (Fri, 28 Feb 2025)

•  FII Cash Market: -₹4,786.29 Cr (Selling Pressure)
  🔹 DII Cash Market: +₹8,790.70 Cr (Strong Buying Support)
  🔹 FII Index Futures: +₹146.04 Cr 
  🔹 FII Index Options: -₹1,523.60 Cr 
  🔹 FII Stock Futures: +₹2,493.27 Cr 
  🔹 FII Stock Options: -₹1,575.51 Cr 

————————————————————————————————

🔔 Conclusion:

🔹 NIFTY remains range-bound between 21,800 – 22,300, awaiting a breakout.
🔹 FII selling pressure continues, but DII buying is providing support.
🔹 A decisive move above 22,300 or below 22,000 will set the next trend.

🔔 Stay cautious and watch for key levels to confirm market direction! 🚀