Index action
Nifty50: The Nifty50 advanced in the second half after fluctuating between the positive and negative territories in the first half. It closed 151 points higher at 18,068.
Monthly options expiring on November 25 have sizable positions at 19,000 and 18,000 call options and 17,500 and 17,000 put options.
Weekly options expiring on November 11 have a sizable base at 18,500 and 18,200 call options and 17,900 and 17,800 put options. Additions were seen at 18,400 call options and 17,900 put options.
The broad range for Nifty50, as per options data, is 17,200 and 18,500 levels, and the immediate support is at 17,700 and resistance is at 18,200 levels.
Bank Nifty: Bank Nifty recovered over 500 points from the lows but could not crossover to the positive territory. It closed 135 points lower at 39,438.
Monthly options expiring on November 25 have sizable positions at 40,000 and 41,000 call options and 38,000 and 39,000 put options.
Weekly options expiring on November 11 have a sizable base at 40,000 and 39,500 call options and 39,000 and 38,500 put options. Additions were seen at 40,000 call options and 39,500 put options.
The broad range for Bank Nifty, as per the options data, is between 38,500 and 41,300. Immediate support is at 38,700 and resistance is at 39,700 levels.
Stock action
Today’s top gainers were Whirlpool, Muthoot Finance, HPCL, Canara Bank and JK Cement.
Today's top losers were Indusind Bank, Divis Labs, Sun TV, Vodafone Idea and Indiamart.
Sector update
PSU Bank and Metal sectors saw buying interest and emerged as the leading sectors today. Stocks like Canara Bank, Bank of Baroda, PNB, Adani Enterprises and Vedanta closed in the green.
Private Bank and Pharma sectors saw selling pressure today. Stocks like IndusInd Bank, Bandhan Bank, Divis Labs, Aurobindo Pharma and Alkem Labs closed in the red.
Major news: The mega IPO of PayTM’s parent company, One97 Communications, is live and as per the data from National Stock Exchange (NSE ), it was subscribed 11% till 2:30pm IST, wherein the retail investors quota was subscribed about 59%. The price band for shares is ₹2,080 to ₹2,150 and investors can apply for a minimum of 6 shares or in multiples thereof.
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