F&O Morning Update for 13 October, 2021

Global Markets Update

SGX Nifty is trading up by 42 points. Major Asian markets are trading in the red with Nikkei trading down by 0.2% and Hang Seng trading down about 1.5% . 

European markets had a subdued day and closed in the red by about 0.3%. US markets also closed in the red with the Dow Jones closing nearly 0.3% down and the NASDAQ closing down by 0.14%.

Stock Action*

Long Build-up was seen in stocks like Bata India, Crompton, ABFRL, IEX and India Cements. 

Short Build-up was seen in stocks like HCL Tech, Zee Ent, TCS, Infosys and IGL. 

F&O Stocks in Ban:

Stocks in Ban: Bank of Baroda, Indiabull Hsg, IRCTC, NALCO, PNB, SAIL and Sun TV

Stocks added: -

Stocks out of ban: BHEL and Canara Bank

FII/DII Activity**

In the cash market, FIIs were net sellers for ₹278 crore while DIIs were net sellers for ₹741 crore. In the Derivatives market, FIIs sold index futures worth ₹1,198 crore while they bought Index options worth ₹590 crore. For stocks, they sold stock futures worth ₹1,455 crores and sold stock options worth ₹5 crore.

Index Action

Nifty50

Yesterday, for the first time Nifty50 closed at 17,992, up by 46 points. 

India VIX came down to 15.84 levels. Further cooling off of VIX will imply a smooth ride for the Nifty50. 

October monthly series options saw additions at 18,000 and 18,500 call options and 17,800 and 17,900 put options. Further additions were also seen at 18,300 call options and 17,900 put options. 

October 14 weekly options continue to add to their significant positions at 18,000 and 18,200 call options and 17,800 and 17,900 put options. 

Options data suggests a broad range for Nifty50 as 17,400 and 18,400 levels and its immediate support and resistance levels are 17,800 and 18,200 respectively.

Bank Nifty

Bank Nifty closed at 38,588, up by 215 points. 

October monthly series options have significant positions at 38,500 and 39,000 call options and 38,500 and 38,000 put options. 

October 14 weekly options have significant positions at 38,500 and 39,000 call options and 38,200 and 38,000 put options

Options data suggests a range for 37,500 and 39,000 for Bank Nifty. It’s Immediate support and resistance levels are 38,200 and 38,800. 

*In Futures and Options or F&O, Long build-up means increase in Open Interest (OI) along with increase in price and Short build-up means increase in Open Interest (OI) along with decrease in price.

 **Source: nseindia.com. Cash market figures are provisional.