Global Markets Update
SGX Nifty is trading in the red, down by 41 points. Major Asian markets are trading in the red; Nikkei is trading 1.4% lower and Hang Seng is down 1.1%
European markets had a mixed closing in the range of -0.5% to 0.1%. US markets closed in the red as tech stocks saw a sharp decline. Dow Jones closed nearly 0.5% lower and NASDAQ closed 2.5% lower.
Stock Action
Long build-up was seen in Polycab, GNFC, Rain Industries, Atul Ltd. and Balrampur Chini.
Short build-up was seen in Wipro, Havells, PI Industries, HDFC Bank and Abbott India.
F&O stocks in ban
Stocks in ban: Indiabulls Housing Finance, SAIL and Vodafone Idea
Stocks added: -
Stocks out of ban: Delta Corp and RBL Bank
FII/DII Activity**
In the cash market, FIIs were net sellers of ₹1,390 crore while DIIs were net buyers of ₹1,065 crore. In the derivatives market, FIIs bought index futures worth ₹1,472 crore and bought index options worth ₹4,905 crore. Further, they sold stock futures worth ₹535 crore and sold stock options worth ₹368 crore.
Index Action
Nifty50
Nifty50 ended a volatile session with gains taking the positive streak to a fifth straight day. Powered by Metal and Pharma leadership, Nifty50 45 points higher at 18,257.
India VIX slipped to 16.70.
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. Further additions were seen at 18,200 call options and 18,000 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 settled lower as selling pressure set in at every rise. Private banks lagged behind the PSU banks as Bank Nifty 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. Further additions were seen at both 38,500 call and 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.
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*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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