Global Markets Update
SGX Nifty is trading flat, up by 12 points. Major Asian markets are trading in the green, with Nikkei trading up by nearly 0.2% and Hang Seng trading up by almost 0.7%.
European markets saw a flat closing in the range of -0.1% to +0.1%. US markets closed flat to positive as Dow Jones was up nearly 0.3% and NASDAQ was up almost 0.1%
Stock Action
Long build-up was seen in stocks like JK Cement, Whirlpool, GSPL, Muthoot Finance and Pfizer.
Short build-up was seen in stocks like IndusInd Bank, Divis Labs, Aurobindo Pharma, Mahindra & Mahindra and Indiamart.
F&O stocks in ban
Stocks in ban: Escorts, PNB and Sun TV
Stocks added: Sun TV
Stocks out of ban: -
FII/DII Activity**
In the cash market, FIIs were net sellers of ₹860 crore while DIIs were net buyers of ₹1,911 crore. In the derivatives market, FIIs bought index futures worth ₹2,322 crore while they bought Index options worth ₹4,670 crore. Further, they sold stock futures worth ₹1,310 crore and bought stock options worth ₹163 crore.
Index Action
Nifty50
Nifty50 saw selling pressure in the first half and bounced back in the second half to close near day’s high. It closed 151 points higher at 18,068.
India VIX rose 3.7% to 16.34 levels.
Nifty50 monthly options expiring on November 25 have sizable positions at 19,000 and 18,000 call options and 17,500 and 17,000 put options.
Nifty50 November 11 weekly series options have sizable positions at 18,500 and 18,200 call options and 17,900 and 17,800 put options. Additions were seen at 18,400 call options and 17,900 put options.
Options data suggests a broad range for Nifty50 at 17,200 and 18,500 levels and its immediate support at 17,700 and resistance at 18,200 levels.
Bank Nifty
Bank Nifty was under selling pressure yesterday with private banks underperforming in comparison to their PSU counterparts. It closed 151 points lower at 39,438.
Bank Nifty monthly options expiring on November 25 have sizable positions at 40,000 and 41,000 call options and 38,000 and 39,000 put options.
Bank Nifty November 11 weekly series options have sizable positions at 40,000 and 39,500 call options and 39,000 and 38,500 put options. Additions were seen at 40,000 call options and 39,500 put options.
Options data suggests a range for Bank Nifty as 38,500 and 41,300. It has immediate support at 38,700 and resistance at 39,700 levels.
*In Futures and Options or F&O, long build-up means an increase in Open Interest (OI) along with an increase in price, and short build-up means an increase in Open Interest (OI) along with a decrease in price.
**Source: nseindia.com. Cash market figures are provisional.
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