30 January 2024 NSE Share Bazaar: Analyzing FII/DII Data and Option Chain Insights
In the dynamic world of the NSE Share Bazaar, the trading session on 30 January 2024 witnessed significant movements across various indices, particularly NIFTY and BANKNIFTY. Investors closely observed the market’s behavior, FII/DII activity, and option chain data to make informed decisions. Let’s delve into the key highlights of the day.
NIFTY Analysis: On 30 January 2024
The NIFTY index opened with a gap of 38 points at 21,775.75 on 30 January 2024, compared to the previous close of 21,737.60. However, the day unfolded with fluctuations, reaching a high of 21,813.05 before experiencing selling pressure. Ultimately, NIFTY closed at 21,522.10, indicating a 0.99% decline. Top gainers in the NIFTY index included TATAMOTORS, BPCL, and EICHERMOT, while BAJFINANCE, ULTRACEMCO, and TITAN were among the top losers.
BANKNIFTY Performance: On 30 January 2024
BANKNIFTY opened nearly flat but couldn’t sustain its strength, closing at 45,367.75 with a minor decrease of 0.16%. PNB, BANKBARODA, and SBIN emerged as the top gainers, while IDFCFIRSTB, AXISBANK, and INDUSINDBK were among the top losers. Despite the weakness in NIFTY, BANKNIFTY exhibited resilience in its closing numbers.
Also Read:
- 31 January 2024: NSE Share Bazaar
- NSE Share Bazaar Witnesses Bullish Surge on 29 January 2024
- NSE Share Bazaar Update on 25 January 2024
Other Index Movements:
Other key indices also experienced fluctuations. NIFTY NEXT 50, NIFTY AUTO, NIFTY MIDCAP 50, NIFTY FMCG, NIFTY IT, NIFTY METAL, NIFTY PHARMA, and NIFTY PSU BANK all showed varying degrees of change, providing a comprehensive view of the overall market sentiment.
FII/FPI & DII Cash Trading Activity: On 30 January 2024
On 30 January 2024, FII sold 1,970.52 crores in cash, while DII bought equity worth 1,002.70 crores. This trading activity indicated a cautious approach from foreign institutional investors and a positive sentiment from domestic institutional investors.
FII Derivative Data 30 Jan 2024
Option Chain Insights:
Analyzing the option chain data for NIFTY and BANKNIFTY added another layer of understanding. For NIFTY, the top three changes in Open Interest Calls for the 1 Feb 2024 Expiry were observed in 21700CE (80,058), 21600CE (39,358), and 21800CE (46,375). On the put side, 21700PE (-25,111), 21600PE (-13,552), and 21800PE (-14,386) saw the most significant changes.
For BANKNIFTY with a 31 Jan 2024 Expiry, notable changes in Open Interest Calls were witnessed in 45400CE (80,417), 45500CE (65,461), and 45200CE (52,466). Correspondingly, the top three changes in Open Interest Puts included 45500PE (-38,347), 45200PE (79,173), and 45400PE (47,547).
Conclusion:
As of 30 January 2024, the NSE Share Bazaar displayed a mix of positive and negative movements across indices. The detailed analysis of NIFTY, BANKNIFTY, and other key indices, coupled with insights into FII/DII trading activities and the option chain, equips investors with valuable information for navigating the complex landscape of the stock market. Staying informed about these trends is crucial for making well-informed investment decisions in the ever-changing world of finance.
30 January 2024 NSE Share Bazaar: Analyzing FII/DII Data and Option Chain Insights Read More »