F&O Market Recap for 12 January 2022

Index Action 

Nifty50

Nifty50 reamined range-bound but firmly in the green after a strong opening. It reclaimed 18,200 and closed near the day’s high. It ended the day 156 points higher at 18,212. 

Nifty50’s monthly options expiring on January 27 have sizable positions at 18,500 and 19,000 call options and 17,000 and 17,500 put options. 

Nifty50’s weekly options expiring on January 13 have sizable positions at 18,500 and 18,400 call options and 17,700 and 18,000 put options. 

As per options data, the broad range for Nifty50 is between 16,800 and 18,800 levels. Its immediate support is at 17,600 and resistance is at 18,400 levels.

Bank Nifty

Bank Nifty too had a strong start to the day and traded in a narrow range thereafter as it inches closer to 39,000. It ended the day 285 points higher at 38,727.. 

Bank Nifty50’s monthly options expiring on January 27 have sizable positions at 39,000 and 38,500 call options and 37,000 and 38,000 put options. 

Bank Nifty50’s weekly options expiring on January 13 have sizable positions at 38,500 and 39,000 call options and 38,000 and 37,500 put options. 

As per the options data, the broad range for Bank Nifty, is between 36,800 and 39,600 levels. Its immediate support is at 38,000 and resistance is at 39,200 levels. 

Stock Action

Today’s top gainers were Vodafone Idea, Chambal Fertilisers, M&M Financial, Indian Hotels and Tata Communications. 

Today's top losers were Motherson Sumi, Ipca Labs, Metropolis, TCS and Abbott India. 

Sector Update 

Among the Nifty sectoral indices, Energy and Realty have emerged as the leading sectors with buying interest today. Stocks like ONGC, Reliance Industries, Tata Power, Oberoi Realty and DLF closed in the green.

The Pharma sector came under selling pressure today. Stocks like Abbott India, Ipca Labs, and Cipla closed in the red. 

Major News 

According to reports, the government owned insurer will file draft papers for its IPO in the week starting January 31. The valuation is expected to be of about Rs. 15 lakh crore making it one of India’s biggest companies.