Nifty50
Nifty50 saw buying interest emerge in the second half and closed 46 points higher at 17,991 levels.
The monthly October monthly series have a sizable base at 18,000 and 18,200 call options and 17,800 and 17,500 put options. Marginal unwinding was seen at 18,200 call options and addition was seen at 17,800 put options.
Weekly options expiring October 14, further added to their sizable positions at 18,000 and 18,200 call options and 17,900 and 17,800 put options.
The broad range for Nifty50, as per options data, is 17,500 and 18,500 levels and its immediate support and resistance levels are 17,800 and 18,200 respectively.
Bank Nifty
Bank Nifty touched a new high of 38,609 today and closed 227 points higher at 38,521.
Monthly options for October series have sizable positions at 38,500 and 39,000 call options and 38,000 and 37,500 put options. Further additions were seen at 38,500 put options.
Weekly options expiring on October 14 have sizable positions at 38,500 call options and 38,200 put options.
The broad range for Bank Nifty, as per the options data, is 37,500 and 39,000. While 38,500 continue to be a pivotal level for the next few days, the immediate support and resistance levels are 38,200 and 39,000,
Global Markets Update
European markets have recovered from the day’s lows but continue to trade in the red about 0.5% lower. Dow Jones Futures too have recovered and are trading down by 40 points.
Stock Action
Today’s Top Gainers were Bata India, Nalco, BHEL, Jubilant Food and Canara Bank.
Today's Top Losers were HCL Tech, Torrent Power, Vodafone Idea, Indiabulls Hsg and Indus Tower.
Major News
PMO is said to be reviewing the current power issues due to the reported drop in coal stocks. Various industries across many states are facing load shedding even as power companies assure speeding resolution