F&O Market Recap for 13 January 2022

Index Action 

Nifty50

Nifty50 oscillated between red and green but led by Metal and Pharma stocks, it reclaimed 18,200 towards the end. It rose 45 points to close at 18,257. 

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 20 have sizable positions at 18,200 and 18,300 call options and 18,000 and 18,200 put options. 

As per options data, the broad range for Nifty50 is between 17,200 and 18,900 levels. Its immediate support is at 17,700 and resistance is at 18,500 levels.

Bank Nifty

Bank Nifty came under selling pressure today as multiple attempts at recovery were sold into. It slipped 257 points to close at 38,469. 

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 20 have sizable positions at 38,500 and 39,000 call options and 38,500 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 Polycab, Tata Steel, JSPL, Rain Industries and GNFC. 

Today's top losers were Wipro, Oberoi Realty, Asian Paints, Motherson Sumi and Havells.

Sector Update 

Among the Nifty sectoral indices, Metal and Pharma have emerged as the leading sectors with buying interest today. Stocks like Tata Steel, JSPL, JSW Steel, Sun Pharma and Divis closed in the green.

Realty and Banking sectors came under selling pressure today. Stocks like Oberoi Realty, DLF, Godrej Properties, HDFC Bank and Kotak Mahindra Bank closed in the red. 

Major News 

Rating agency ICRA has revised downwards the revenue growth forecast for the auto components industry in the current fiscal 15-17 percent citing the impact of the Omicron wave, delayed recovery in semiconductors shortage and muted two wheelers demand.