Nifty Analysis: Slips Below 25,200 | IT & Pharma Drag, Adani Stocks Rally | F&O View| Editor's Take - video Dailymotion

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00:00oh the nifty is slipping below 25 200 yesterday and then uh finally closing about 20 that 25 200

00:07mark but there was a lot of uh you know if you look at uh deep into in the kind of options

00:14activity which was happening there's a lot of put underwinding that happened in the market yesterday

00:19and that uh we saw uh uh you know that that's what that was one of the reasons why we saw a slip uh

00:25for the nifty there uh finally uh nifty you know getting some support at 25 200 but that support

00:32is very weak with respect to the kind of negative pressures which are which are there especially

00:36with respect to it and others uh nifty it and nifty pharma were some of the uh three losers in yesterday's

00:43trade there uh in if you look at the delivery statistics for it companies of uh companies

00:50which are part of nifty it uh high delivery volumes nearly four thousand crores of delivery volumes

00:56that turnover that happened on it companies uh on monday trade uh that's quite high given the fact

01:03the kind of news flows that were there especially with respect to h1b visa uh even though you know

01:08many of the it companies are not so dependent on h1b visa as as we speak uh the sentiment is

01:14negative for the it companies uh going into trade and going into the earning season as well so that's

01:19something which uh we should be looking out for the other thing which is uh which was uh outperformer

01:25yesterday was adani group stocks uh there was a lot of volume that came in in adani group stocks

01:31there are nearly 16 000 odd crores of turnover happened in that uh in that counter but the delivery

01:38was much slow 19 delivery for the entire uh group of adani shares so it was more of a you know trading

01:46activity which we saw in adani group shares though most of the companies are you know close much

01:51higher if you look at some of the companies that uh you know close it uh adani powers up 23 adani

01:56total 16 percent uh adani energy 15 uh you know so uh so sorry 15 was uh the delivery for them

02:05but 6.5 percent for adani energy you have 20 percent up for adani part adani total of nearly 20 percent so

02:12a lot of uh you know uh price uh price volatility which we saw there but it was not uh accompanied by

02:21uh delivery volume uh so delivery volume was much lower for these counters yesterday oh yeah absolutely

02:27but looking at the ethanol picture it was the quietest of sessions yesterday yes you did have that

02:33you know last half hour selling which came by and which is why perhaps we saw a dip but for the better

02:39power of trade yesterday sajid we were absolutely flat what's the fno picture you're telling us you

02:44know if you look at uh some uh the kind of picture which options are uh telling us you know 25 300 uh

02:52and 20 25 500 has become a good resistance point for uh for the nifty uh and even at uh 25200 which was

03:02the point above which nifty closed uh on monday uh that's come you know it's it's still a little weak in

03:08terms of a support level there so there if there is a negative pressure the index can move towards

03:1425 000 uh going forward so that's something which is that the put call ratio has been the constant at

03:190.72 uh we saw net longs getting added on both banks and uh nifty bank and nifty there uh while the

03:28open interest positions have been uh closing out uh in these counters there so um in the last uh seven eight

03:36uh trading sessions we have seen the nifty futures opened the position falling by nearly four and

03:41half to five thousand crores uh that's uh something uh also gives this away the fact that uh you know

03:48you have uh some of the shots going out of the system but there is still negative sentiment which is

03:52there which is coming from global markets for for the for indian markets there nifty longs uh uh for

03:59f is is at around 13.2 percent so still uh in a decent level uh which which is there it's gone up uh

04:06in monday trade there so there is some long position build up happening uh from the f is point of view

04:11but on a cash market level f is the net sellers and di is the net positive buyers okay that's the picture

04:18right now right now from uh the fno universe but

04:25you

Nifty Analysis: Slips Below 25,200 | IT & Pharma Drag, Adani Stocks Rally | F&O View| Editor's Take

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