F&O Mid-market Update for 25 October 2021

Index Action

Nifty50

Nifty50 witnessed a volatile first half today. After opening above 18,200, profit-booking immediately dragged it down to sub-18,000 levels. A round of buying emerged at day’s low of 17,968 and it is now trading 65 points higher at 18,180 levels. 

The October monthly series options have a sizable base at 18,200 and 18,300 call options and 18,000 and 17,800 put options. Additions were seen at 18,300 call options and 18,000 put options. 

Nifty50 has immediate support at 17,800 and resistance at 18,300 levels. 

Bank Nifty

Bank Nifty crossed 41,000 milestone today and hit an all-time high of 41,829. It is trading firmly in the green at 41,640 levels. 

The October monthly call options for Bank Nifty have a sizable base at 41,000 and 42,000 strikes. Put options have a sizable base at 40,000 and 40,500 strikes. Further additions were seen in 41,500 call options and 40,500 put options.

Bank Nifty has immediate support at 40,800 and resistance at 42,000 levels. 

Stock Action 

Today’s top gainers are ICICI Bank, PVR, Axis Bank, Bank of Baroda and Indian Hotels. 

Today’s top losers are IRCTC, Coforge, MCX India, IEX and Info Edge. 

Sector Update

Banking and Metals sectors saw buying interest and have emerged as the leading sectors today. Stocks like ICICI Bank, Axis Bank, RBL Bank, Vedanta and NALCO are trading in the green.

Realty and IT sectors are seeing selling pressure today with stocks like Oberoi Realty, DLF, Coforge, Mindtree and Mphasis trading in the red. 

Global Markets Update

Major European markets are likely to open flat to positive as their futures are trading with a positive bias; up in the range of 0.1% to 0.3%. US Futures are trading flat with a negative bias.