Global Markets Update
SGX Nifty is trading in the green, up by 61 points. Major Asian markets are trading mixed, Nikkei slipped 0.1% and Hang Seng jumped nearly 2% higher.
The European markets closed lower in the range of -1.5% to -0.7%. The US markets tumbled on Thursday, led by a historic fall in Facebook parent -Meta Platform’s stock. The Dow Jones closed 1.4% lower and NASDAQ plunged 3.7%.
Stock Action
Long build-up was seen in GAIL, Bandhan Bank, Hero Motocorp, Balrampur Chini and TVS Motor.
Short build-up was seen in MCX, Godrej Properties, Jubilant Foodworks, Muthoot Finance and M&M Finance.
F&O stocks in ban
Stocks in ban: -
Stocks added: -
Stocks out of ban: -
FII/DII Activity**
In the cash market, FIIs were net sellers of ₹1,597 crore while DIIs were net sellers of ₹370 crore. In the derivatives market, FIIs sold index futures worth ₹1,185 crore and bought index options worth ₹10,485 crore. Further, they sold stock futures worth ₹1,287 crore and sold stock options worth ₹166 crore.
Index Action
Nifty50
The Nifty50 ended the day with sharp cuts as investors booked profits. Auto stocks bucked the trend and rose higher, while IT stocks dragged the index lower. It dipped 219 points and settled at 17,560.
The India VIX climbed 2.7% to 19.16.
The Nifty50’s monthly options expiring on February 24 have sizable positions at 18,000 and 18,500 call options and 16,500 and 17,000 put options.
The Nifty50’s weekly options expiring on February 10 have sizable positions at 18,000 and 17,900 call options and 17,000 and 17,500 put options.
As per the options data, the broad range for Nifty50 is between 16,600 and 18,600 levels. Its immediate support is at 17,200 and resistance is at 18,000 levels.
Bank Nifty
Amid selling pressure in broader markets, the Bank Nifty ended the volatile session lower. With 10 out of its 12 stocks closing in red, the Bank Nifty fell 320 points, to close at 39,010.
The Bank Nifty’s monthly options expiring on February 24 have sizable positions at 39,000 and 40,000 call options and 37,000 and 38,000 put options.
The Bank Nifty’s weekly options expiring on February 10 have sizable positions at 40,000 and 39,500 call options and 38,000 and 39,000 put options.
As per the options data, the broad range for Bank Nifty is between 37,400 and 40,500 levels. Its immediate support is at 38,200 and resistance is at 39,900 levels.
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