F&O Market Recap for 27 October 2021

Nifty50

Nifty50 saw a sharp sell-off  nearly 150 points in the second half. It closed 57 points lower at 18,210 levels. 

Monthly options expiring on October 28 have a sizable base at 18,300 and 18,500 call options and 18,200 and 18,000 put options. Unwinding was seen at 18,200 call options and additions were seen at 18,200 put options. 

As per options data, broad range for Nifty50 is between 17,500 and 18,600 levels. Its immediate support and resistance is at 18,000 and 18,400 levels.

Bank Nifty

Bank Nifty saw selling pressure all day and closed 363 points lower at 40,874 levels.

Monthly options expiring on October 28 have sizable positions at 42,000 and 41,500 call options and 40,500 and 40,000 put options. Further additions were seen at 41,000 call options and 40,800 put options. 

As per the options data, the broad range for Bank Nifty is between 40,000 and 42,000 levels. Its immediate support and resistance is at 40,500 and 41,400 levels. 

Stock Action

Today’s Top Gainers were United Spirits, Godrej Consumer, Persistent, UPL and Asian Paints. 

Today's Top Losers were Axis Bank, Bajaj Finance, NALCO, Zee Entertainment and Torrent Pharma.

Sector Update

PSU Banks and IT sectors saw buying interest and emerged as the leading sectors today. Stocks like Canara Bank, Bank of Baroda, SBI, Mphasis and L&T Infotech closed in the green.

The Media and Metal sectors came under selling pressure today. Stocks like Zee Entertainment, Sun TV, PVR, Vedanta and NALCO closed in the red.