F&O Market Recap for 18 May 2022

Blog | F&O

Index Action 

Nifty50

The Nifty50 gave up all its opening gains and fell to 16,200-mark. In a volatile trading session, the oil & gas, IT and banking stocks led the fall, while gains in FMCG and pharma stocks provided support. The Nifty50 declined 19 points to end at 16,240.

The Nifty50’s options contracts expiring on 26 May 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 19 May have sizable positions at 16,300 and 16,500 call options and 16,000 and 16,200 put options. 

As per options data, the broad range for the Nifty50 is between 15,300 and 16,800 levels. Its immediate support is at 16,000 and resistance is at 16,500 levels.

Bank Nifty

The Bank Nifty wiped off all its initial gains and ended the session near the day's low. Both PSU and private bank indices ended in the red. Barring Axis Bank and Kotak Mahindra Bank, all the other ten stocks of the banking index closed in the red. The Bank Nifty fell 138 points and closed at 34,163.

The Bank Nifty’s options contracts expiring on 26 May have sizable positions at 36,000 and 35,000 call options and 33,000 and 34,000 put options. 

The Bank Nifty’s options contracts expiring on 19 May have sizable positions at 34,500 and 35,000 call options and 34,000 and 33,000 put options. 

As per the options data, the broad range for the Bank Nifty is between 32,800 and 35,500 levels. Its immediate support is at 33,700 and resistance is at 34,800 levels. 


Stock Action

Today’s top gainers were PI Industries, Petronet LNG, MCX, Granules and Aurobindo Pharma. 

Today's top losers were Metropolis, Dr. Lal Pathlabs, Delta Corp, IOC and HPCL. 


Sector Update 

The FMCG and Pharma sectors managed to post gains. Stocks like Marico, Tata Consumer Products, HUL, Granules and Aurobindo Pharma ended in the green.

The Realty and Oil & Gas sectors came under selling pressure. Stocks like Godrej Properties, DLF, Indian Oil Corporation, HPCL and BPCL ended in the red.

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