NIFTY 22 APRIL 2025 - Key support is at 24000 and then at 23850. Do not even think to short unless it breaks 23850 levels.
Hello everyone,
The market has quietly opened for business for the day. This remains a significant accomplishment. How come we saw a flat opening and an almost 3% decline in the US market?
I am not supposed to buy without pulling back, as I stated yesterday. I have a basic logic right now. How long Indian indexes can withstand the global trend is something I like to see. Nevertheless, I have to acknowledge that charts show intrinsic strength.
The 24050 to 24000 levels will provide trading support for the Nifty. Going higher, we should see levels of 24400 if we go over 24250.
I have to suggest that unless the market drops below 23850 levels, which seems too far away, one shouldn't consider shorting it. It goes without saying that while trading long may seem intimidating, shorting might not be the best course of action. Since we haven't seen any reversal, even I have been sitting quietly since yesterday.
Here is the Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) trading activity for the Indian stock market on April 21, 2025:
Cash Market Activity
| Investor Type | Gross Purchase (₹ Cr) | Gross Sale (₹ Cr) | Net Purchase (₹ Cr) |
|---|---|---|---|
| FII | 11,711.72 | 9,741.55 | 1,970.17 |
| DII | 15,619.61 | 15,373.02 | 246.59 |
Derivatives Market Activity (FII)
| Segment | Net Position (₹ Cr) |
|---|---|
| Index Futures | +1,099.50 |
| Index Options | -24,645.10 |
| Stock Futures | +313.40 |
| Stock Options | +1,687.10 |
Total Net Derivatives Position: -21,545.10 Cr
Market Overview
On April 21, 2025, the Nifty 50 index closed at 24,125.55, marking a gain of 273.90 points or 1.15% over the previous close.
The data indicates that FIIs were net buyers in the cash market but held a significant net short position in the derivatives segment, particularly in index options.
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