F&O Mid-Market Update for 1 December 2021

Blog | F&O

Index Action

Nifty50

Nifty50 opened higher and further buying interest today has seen it cross 17,200. However, it is yet to test the 17,300 mark where sellers emerged strong. At 12 pm today, it was trading 216 points higher at 17,200.

For December 2 options contracts, Nifty50 has sizable positions at 17,500 and 17,400 call options and 17,000 and 17,100 put options. Further, unwinding was seen in 17,300 call options and additions were seen in 17,100 put options.

Nifty50 has immediate support at 16,600 and resistance at 17,400 levels. 

Bank Nifty

Bank Nifty opened strong and after a small dip it regained momentum and is trading firmly in the green. At 12 pm today, it was trading 574 points higher at 36,270.

For December 2 options contracts, Bank Nifty has sizable positions at 37,000 and 36,500 call options and 36,000 and 35,000 put options. Further additions were seen at 36,500 call options and 35,800 put options. 

Bank Nifty has immediate support at 35,000 and resistance at 36,700 levels. 

Stock Action 

Today’s top gainers are Chambal Fertilisers, Indusind Bank, Indiabulls Housing Finance, RBL Bank and Maruti Suzuki. 

Today’s top losers are IEX, Alkem Labs, Marico, Torrent Pharma and Pfizer.

Sector Update

Auto and Realty have emerged as the leading sectors with buying interest today. Stocks like Eicher Motors, Maruti Suzuki, Tata Motors, DLF and Oberoi Realty are trading in the green.

The Pharma sector is seeing selling pressure today. Stocks like Alkem Labs, Torrent Pharma and Cadila Healthcare are trading in the red. 

Global Markets Update

Major European markets are likely to open mixed as their futures are trading in the range of -0.5% and +1%. US Futures have recovered and are trading in the green, up by almost 0.6%.

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