F&O Mid-Market Update for 14 June 2022

Blog | F&O

Index Action

Nifty50

Tracking negative global cues, the Nifty50 started the day on a weak note and slipped to 15,650 levels. However, the index recouped its morning losses and reclaimed the 15,800-mark, led by a recovery in metals, IT and auto stocks. At 12 pm, the Nifty50 was trading 43 points higher at 15,817.

For June 16 options contracts, the Nifty50 has sizable positions at 16,000 and 16,300 call options and 15,700 and 15,500 put options. Further, additions were seen in 15,900 call options and 15,700 put options. 

The Nifty50’s immediate support is at 15,600 and resistance is at 16,000 levels. 

Bank Nifty

The Bank Nifty started the session on a negative note and took support around 33,100 levels. However, the index staged a sharp recovery of more than 400 points and bounced back to the 33,500-mark. At 12 pm, the Bank Nifty was trading 103 points higher at 33,508. Barring IndusInd Bank and HDFC Bank, all other ten stocks of the index are trading in the green.

For June 16 options contracts, the Bank Nifty has sizable positions at 34,500 and 35,000 call options and 33,000 and 33,500 put options. Further additions were seen in 34,500 call options and 33,500 put options.

The Bank Nifty’s immediate support is at 33,000 and resistance is at 34,100 levels. 


Stock Action 

Today’s top gainers are Adani Enterprises, Delta Corp, Birlasoft, Nippon Life and Aurobindo Pharma. 

Today’s top losers are HPCL, Polycab, Metropolis, Zee Entertainment and Indiabulls Housing Finance.  


Sector Update

Among major sectoral indices, Metal and IT witnessed buying interest. Stocks like Steel Authority of India, JSW Steel, Tata Steel, LTI and Mindtree are trading in the green.

The Oil & Gas sector came under selling pressure. Stocks like HPCL, IOC and IGL are trading in the red. 


Global Markets Update

Major European markets are likely to open higher as their futures are trading in the range of +0.03% to +1.1%. The US futures are trading higher, up by 1.3%.

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