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Informist, Tuesday, Mar. 4, 2025

By Anshul Choudhary

MUMBAI – Traders added short positions in the options contracts of the Nifty 50 as the market failed to show any sign of recovery and declined for the 10th straight session. The possibility of a global trade war, which may affect global economic growth, continues to affect investor sentiment, analysts said.

China retaliated against the US by imposing tariffs on imported goods from the US. Canada also threatened to impose tariffs. Down Jones reported the European Union as saying that the tariffs by US on Mexico and Canada could disrupt global trade. Most global markets in Asia and Europe were down Tuesday, with India's Nifty 50 falling 0.2% to 22082.65 points.

Investors sold call options across the board. The highest open interest addition in the option contracts of the Nifty 50 expiring this week was seen at 22200 strike price and this level is likely to act as an immediate resistance. Traders also added short positions in call options at 22600-22900 strike prices.

On the put side, traders bought at-the-money and out-of-the-money contracts, indicating bearish sentiment. As the Nifty 50 almost breached the 22000 level, traders added open interest at strike prices below 22000. The highest open interest addition was seen at 21500-22000 puts, and the highest open interest concentration was at 21500 puts. Analysts expect the Nifty 50 to fall below 22000 points to 21800 points soon. Some technical analysts expect the index to recover after touching the 21800 level.

The March futures contract of the Nifty 50 closed at a premium of 102.15 points to the spot index. Open interest in the contract rose 3.6% to 18.59 million, according to provisional data.

--Nifty 50 Mar closed at 22184.80, down 75.00 points
--Nifty 50 Apr closed at 22330.00, down 76.80 points; 247.35-point premium to spot index

--Nifty 50 May closed at 22449.00, down 85.60 points; 366.35-point premium to spot index

Reliance Industries, HDFC Bank, BSE, Polycab India, Tata Consultancy Services, ICICI Bank, Adani Enterprises, Bajaj Finance, Dixon Technologies, Tata Motors, Mahindra & Mahindra, State Bank of India, and Bharat Electronics were the most active underlying stocks on the National Stock Exchange.  End

Edited by Ashish Shirke

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