Global Markets Update
SGX Nifty is trading flat at 17693, down by 4 points. Major Asian markets are off to a positive start; Nikkei is up nearly 1.5% and Hang Seng climbed 0.4%.
European markets had a mixed closing in the range of -0.25% to +0.9%. US markets closed higher on Monday. Dow Jones rose 0.6% to hit a new all-time high and NASDAQ added 1.2%.
Stock Action
Long build-up was seen in Hindcopper, NBCC, AB Capital, Birlasoft and FSL.
Short build-up was seen in Rain Industries, Tata Communications, Laurus Labs, UBL and Trent.
F&O stocks in ban
Stocks in ban: -.
Stocks added: -
Stocks out of ban: -
FII/DII Activity**
In the cash market, FIIs were net buyers of ₹902 crore while DIIs were net buyers of ₹803 crore. In the derivatives market, FIIs bought index futures worth ₹661 crore and sold index options worth ₹1,186 crore. Further, they sold stock futures worth ₹346 crore and bought stock options worth ₹210 crore.
Index Action
Nifty50
Nifty50 kicked-off the new year on a robust note with a broad-based rally across sectors, except pharma. A late upsurge in financial stocks saw it end near the day’s high at 17,625, up by 271 points. .
India VIX climbed to 16.45.
Nifty50’s monthly options expiring on January 27 have sizable positions at 18,000 and 18,500 call options and 17,000 and 17,500 put options. Further additions were seen at 17,800 call options and 17,500 put options.
Nifty50’s weekly options expiring on January 6 have sizable positions at 18,000 and 17,900 call options and 17,300 and 17,500 put options.
As per options data, the broad range for Nifty50 is between 16,400 and 18,600 levels. Its immediate support is at 17,300 and resistance is at 17,900 levels.
Bank Nifty
Amid upbeat markets, Bank Nifty emerged as one of biggest sectoral gainers. With 11 out of 12 Bank Nifty stocks closing in the green, it ended the day 940 points higher at 36,421.
Bank Nifty’s monthly options expiring on January 27 have sizable positions at 37,000 and 38,000 call options and 35,000 and 36,000 put options. Further additions were seen at 36,500 call options and 36,000 put options.
Bank Nifty’s weekly options expiring on January 6 have sizable positions at 36,500 and 37,000 call options and 36,000 and 35,500 put options.
As per the options data, the broad range for Bank Nifty, is between 34,800 and 37,900 levels. Its immediate support is at 35,900 and resistance is at 37,200 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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