F&O Mid-market Update for 11 October 2021

Index Action

Nifty50

Nifty50 crossed the 18,000 mark today for the first time and is now trading at 18,050 levels up by almost 150 points. 

October monthly series call options have significant bases at the highest base 18,000 and 18,200 levels and put options still have significant bases at 18,000 and 17,800 levels. Further additions were seen at 18,200 call options and 17,800 put options. 

Weekly options expiring October 14, have sizable positions at 18,000 and 18,200 call options and 17,900 and 17,800 put options. Further additions were seen at both 18,000 call options and put options. 

Nifty50 has immediate support and resistance at 17,800 and 18,200 levels. 

Bank Nifty 

Bank Nifty is trading firmly above 38,000 levels at 38,180; up by nearly 400 points. 

October monthly call options for Bank Nifty have sizable positions at 38,500 and 39,000 strikes. Put options have sizable positions at 38,000 and 37,500 strikes. 

Weekly options expiring on October 14 have a sizable call option base at 38,200 and 38,500 call options and 38,000 and 37,800 put options. 

Bank Nifty has immediate support at 37,800 and resistance at 38,200 levels. 

Global Markets Update 

With the talks of Bank of England officials looking at hiking interest rates sooner than expected, major European markets have opened mixed in the range of -0.2% to +0.2%. US Futures are trading flat, down by 7 points. 

Stock Action

Today’s top gainers are IEX, Tata Motors, GMR Infra, Tata Power and MCX. 

Today’s top losers are TCS, Idea, Bandhan Bank, Mphasis and Coforge. 

Sector Update (Top gainer sectors and Top Loser sectors)

Auto and Realty sectors are seeing buying today with stocks like Tata Motors, Maruti Suzuki, Oberoi Realty and Godrej Properties trading in the green. 

The IT and Media sectors are witnessing selling today with stocks like TCS, Infosys, Wipro and Zee Entertainment trading in the red.