Nifty witnessed consolidation during the first half on expiry day, but succumbed to heavy selling pressure in the second half and eventually settled on a bearish note at 25,885. On the daily chart, analysts said the index formed a big bearish candle, indicating continued weakness. As long as it remains below the 26,280 level, weakness is likely to persist.
STATE OF THE MARKETS
- Tech View: These technical readings suggest the index may trade in a sideways to mildly bearish trend over the next two to four sessions, with potential retracement towards the 20-day EMA at 58300–58400. Immediate support is seen at 58300, resistance remains at 59200, while positional support lies near 58000.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 7.5% to settle at 12.24 levels.
Stocks in F&O ban today
NIL
Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.
FII/DII action
Foreign portfolio investors net bought shares worth Rs 785 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 3,912 crore.Rupee
The rupee pared initial gains and settled 6 paise lower at 89.22 against the greenback on Tuesday, weighed down by negative cues from domestic equity markets.