F&O Morning Update for 25 November 2021

Global Markets Update

SGX Nifty is trading flat, down by 11 points. Major Asian markets are trading mixed with Nikkei trading higher by 0.7% and Hang Seng trading lower by 0.2%. 

European markets closed mixed in the range of -0.4% to +0.3%. US markets had a flat to positive closing. Dow Jones closed down by 0.03% and NASDAQ closed up by 0.4%. 

Stock Action

Long build-up was seen in stocks like Chambal Fertiliser, ICICI Lombard, Zee Entertainment, Adani Enterprises and ICICI Bank.

Short build-up was seen in stocks like Pidilite, IndusInd Bank, PVR, ICICI Prudential and Trent.

F&O stocks in ban

Stocks in ban: Escorts and Indiabulls Housing Finance

Stocks added: Indiabulls Housing Finance

Stocks out of ban: Idea

FII/DII Activity**

In the cash market, FIIs were net sellers of ₹5,122 crore while DIIs were net buyers of ₹3,809 crore. In the derivatives market, FIIs sold index futures worth ₹166 crore and sold index options worth ₹1,138 crore. Further, they bought futures worth ₹1,028 crore and bought stock options worth ₹234 crore.

Index Action

Nifty50

Nifty50 had a positive start and a steady run in the first half but selling intensified in the second half and the benchmark index closed in the red. It closed 88 points lower at 17,415.

India VIX slipped 5.11% to 17.09 levels. 

Nifty50 options expiring on November 25 have sizable positions at 18,000 and 17,500 call options and 17,300 and 17,400 put options. Further additions were seen at 17,500 call options and at 17,450 put options.

Options data suggests a broad range for Nifty50 at 17,000 and 18,700 levels. It has immediate support at 17,200 and resistance at 17,900 levels. 

Bank Nifty 

Bank Nifty saw selling pressure in the second half but managed to close comfortably in the green. It closed 169 points higher at 37,441.

Bank Nifty monthly options expiring on November 25 have sizable positions at 38,000 and 37,500 call options and 37,000 and 36,500 put options. Further additions were seen at 37,800 call options and at 37,400 put options.

Options data suggests a range for Bank Nifty between 36,000 and 38,800. It has immediate support at 36,900 and resistance at 38,100 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.