F&O Morning Update for 1 November 2021

Global Markets Update

SGX Nifty is trading up by 40 points. Major Asian markets are trading mixed with Nikkei trading up by nearly 2% and Hang Seng trading down by almost 1%. 

European markets closing was mixed in the range of -0.05% to +0.4%. US markets closed in the green as Dow Jones and Nasdaq closed closed nearly 0.2% and 0.3% higher, respectively. 

Stock Action

Long Build-up was seen in stocks like BEL, Escorts, United Spirits, Dr Reddy's and DLF. 

Short Build-up was seen in stocks like IRCTC, RBL Bank, Kotak Mahindra Bank, Godrej Properties and Mphasis. 

F&O Stocks in Ban

Stocks in Ban: PNB

Stocks added: PNB

Stocks out of ban: NA

FII/DII Activity**

In the cash market, foreign institutional investors (FIIs) were net sellers for ₹5,142 crore, while DIIs were net buyers for ₹4,342 crore. In the derivatives market, FIIs bought index futures worth ₹690 crore, while they bought index options worth ₹874 crores. For stocks, they bought stock futures worth ₹1,506 crores and sold stock options worth ₹194 crores.

Index Action

Nifty50

On Friday, Nifty ended a volatile session, 185 points lower at 17,671. 

India VIX slipped to 17.4.

Nifty November monthly series data is scattered and shows sizable positions at 19,000 and 18,500 call options and 17,500 and 17,000 put options. 

Nifty November 3, weekly series options have sizable positions at 18,000 and 18,200 call options and 17,500 and 17,000 put options. 

Options data suggests a broad range for Nifty50 at 17,000 and 18,500 levels and its immediate support at 17,500 and resistance at 18,100 levels. 

Bank Nifty 

On Friday, Bank Nifty recovered from the lows of the day but closed in the red; down 393 points at 39,115. 

Bank Nifty November monthly series data shows sizable positions at 39,000 and 41,000 call options and 39,000 and 38,000 put options. 

Bank Nifty November 3, weekly series options have sizable positions at 40,000 and 41,000 call options and 39,000 and 38,000 put options.

Options data suggests a range for Bank Nifty as 38,000 and 41,500. It’s Immediate support at 38,700 and resistance at 40,000 levels.

*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.