Index Action
Nifty50
In line with global cues, Nifty50 opened lower and has been trading in a narrow range in the first session. At 12 pm today, it was trading 48 points lower at 17,468.
For December 16 options contracts, Nifty50 has sizable positions at 17,500 and 17,600 call options and 17,500 and 17,400 put options. Further, additions were seen in both 17,500 call options and put options.
Nifty50 has immediate support at 17,000 and resistance at 17,900 levels.
Bank Nifty
Bank Nifty saw a sharp down tick at opening and made a low of 36,833. It has bounced back from the lows but continues to trade in the red. At 12 pm today, it was trading 89 points lower at 36,993.
For December 16 options contracts, Bank Nifty has sizable positions at 37,000 and 38,000 call options and 37,000 and 36,500 put options. Further additions were seen at both 37,000 call and put options.
Bank Nifty has immediate support at 36,100 and resistance at 37,800 levels.
Stock Action
Today’s top gainers are Siemens, IEX, Glenmark, Cummins and Asian Paints.
Today’s top losers are SBI Card, Titan, Atul Industries, Tata Consumer Products and Info Edge.
Sector Update
Realty and Media have emerged as the leading sectors with buying interest today. Stocks like Oberoi Realty, DLF, Godrej Properties and Zee Entertainment are trading in the green.
The IT and Financial Services sectors are seeing selling pressure today. Stocks like Mindtree, Tech Mahindra, L&T Infotech, Bajaj Finserv and Axis Bank are trading in the red.
Global Markets Update
Major European markets are likely to open in the red as their futures are trading down in the range of -0.4% and -0.3%. US Futures are trading flat with a negative bias, down by 11 points
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