F&O Market Recap for 13 June 2022

Index Action 

Nifty50

The Nifty50 cracked more than 2.5% and closed below the 15,800-mark amid a sharp sell-off in global markets. All the major sectoral indices closed in red, with IT and Metal declining more than 3%. Barring Nestle and Bajaj Auto, all other 48 stocks of the headline index closed lower. The Nifty50 sank 427 points and closed the day at 15,774.

The Nifty50’s options contracts expiring on 30 June are scattered and have sizable positions at 17,000 and 16,500 call options and 16,000 and 15,500 put options. 

The Nifty50’s options contracts expiring on 16 June have sizable positions at 16,000 and 15,800 call options and 15,500 and 15,800 put options. 

As per options data, the broad range for the Nifty50 is between 15,100 and 16,800 levels. Its immediate support is at 15,500 and resistance is at 16,100 levels.

Bank Nifty

The Bank Nifty tested 33,200 levels and ended the day more than 3% lower at 33,405. All the twelve stocks of the index ended in the red, with IndusInd Bank and Bandhan Bank losing more than 5% each.

The Bank Nifty’s options contracts expiring on 30 June are scattered and have sizable positions at 35,000 and 36,000 call options and 33,000 and 32,000 put options. 

The Bank Nifty’s options contracts expiring on 16 June have sizable positions at 35,000 and 34,500 call options and 33,000 and 33,500 put options. 

As per the options data, the broad range for the Bank Nifty is between 32,200 and 34,800 levels. Its immediate support is at 33,000 and resistance is at 34,200 levels. 

Stock Action

Today’s top gainers were Honeywell Automation, Marico, Pidilite, Bajaj Auto and Nestle. 

Today's top losers were RBL Bank, M&M Financial, Indiabulls Housing Finance, Delta Corp and Bajaj Finserv. 

Sector Update 

All the major sectoral indices closed lower, with IT and Metal being the top losers. Stocks like Mindtree, L & T Technology Services, Mphasis, NALCO and Hindalco ended in the red. 

Big Story

The rupee breached the 78-mark against the dollar for the first time and hit a new low amid a sell-off in global equities and a strengthening US dollar. The rupee opened at 78.14 and hit a low of 78.40 during the day.