F&O Mid-Market Update for 12 January 2022

Index Action

Nifty50

In line with the global cues, Nifty50 opened on a strong note and saw a steady rise from thereon in the first session of trade. Realty and Energy indices are outperforming the Nifty50. At 12 pm today, it was trading 140 points higher at 18,196.

For January 13 options contracts, Nifty50 has sizable positions at 18,200 and 18,500 call options and 18,000 and 18,100 put options. Further, additions were seen in 18,400 call options and 18,100 put options.

Nifty50 has immediate support at 17,600 and resistance is at 18,400 levels. 

Bank Nifty

Bank Nifty opened higher and marginal profit-booking saw it slip nearly 100 points from the day’s high. Except HDFC Bank, all stocks of Bank Nifty are trading higher. At 12 pm today, it was trading 300 points higher at 38,742. 

For January 13 options contracts, Bank Nifty has sizable positions at 39,000 and 39,500 call options and 38,000 and 38,500 put options. Further additions were seen at 39,000 call options and 38,900 put options. 

Bank Nifty has immediate support at 38,000 and resistance is at 39,200 levels. 

Stock Action 

Today’s top gainers are Vodafone Idea, Indiamart, GSPL, Indian Hotels and ABFRL. 

Today’s top losers are GMR Infra, Bharat Forge, Laurus Labs, AB Capital and Torrent Power. 

Sector Update

Realty and Energy emerged as the leading sectors with buying interest today. Stocks like Oberoi Realty, DLF, Godrej Properties, Reliance Industries and Tata Power are trading in the green.

The Pharma sector is seeing selling pressure today. Stocks like Laurus Labs, Glenmark, Cipla and Abbott India are trading in the red. 

Global Markets Update

Major European markets are likely to open higher as their futures are trading in the range of 0.3% to +1.5%. US Futures too are trading higher, up nearly 0.2%.