F&O Market Recap for 25 November 2021

Blog | F&O

Index Action 

Nifty50: Nifty50 had a subdued start but witnessed buying at lower levels and closed firmly in the green. It closed 121 points higher at 17,536. 

Nifty50 monthly options expiring on December 30 are scattered right now and have sizable positions at 18,000 and 19,000 call options and 17,000 and 17,500 put options. 

Nifty50 weekly options expiring on December 2 have sizable positions at 17,500 and 17,600 call options and 17,500 and 17,400 put options. 

The broad range for Nifty50, as per options data, is between 17,000 and 18,600 levels. It has immediate support at 17,200 and resistance at 17,850 levels.

Bank Nifty: Bank Nifty had a quiet day today as it traded in a narrow range and closed in the red. It closed 77 points lower at 37,364. 

Bank Nifty monthly options expiring on December 30, too, are scattered right now and have sizable positions at 38,000 and 39,000 call options and 36,000 and 37,500 put options. 

Bank Nifty weekly options expiring on December 2 have sizable positions at 37,500 and 38,000 call options and 37,000 and 36,000 put options. 

The broad range for Bank Nifty, as per the options data, is between 36,000 and 38,800. Immediate support is at 36,700 and resistance is at 37,850 levels. 

Stock Action

Today’s top gainers were Indiabulls Housing Finance, Vodafone Idea, Vedanta, Apollo Hospitals and Laurus Labs. 

Today's top losers were Siemens, Indigo, Metropolis, Ipca Labs and FSL.  

Sector Update: 

Energy and Realty emerged as the leading sectors today with buying interest. Stocks like Reliance Industries, Tata Power, GAIL, Godrej Properties and DLF closed in the green. 

Auto sector and PSU Banks saw selling pressure today. Stocks like Tube Investments, Amara Raja Batteries, Maruti Suzuki, PNB and SBI closed in the red.

Major News: The Asian Development Bank (ADB) has approved a $1.5 billion (approximately ₹11,185 crore) loan to “help the Government of India purchase safe and effective vaccines against the coronavirus disease (COVID-19),” ADB said.  

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