F&O Mid-market update for 13 October 2021

Index Action

Nifty50

After a positive opening Nifty50 is trading firmly in the green, up by 130 points at 18,125 levels. 

October monthly series options have a sizable base at 18,200 and 18,500 call options and at 18,000 and 17,800 put options. Marginal unwinding was seen at 18,200 call options and addition was seen at 18,000 put options. 

Weekly options expiring October 14, have sizable positions at 18,200 and 18,300 call options and 18,000 and 17,900 put options. Further additions were seen at 18,200 call options and 18,000 put options. 

Nifty50 has immediate support and resistance at 17,900 and 18,200 levels. 

Bank Nifty 

Bank Nifty opened positive but has come off the day’s high of 38,779. It is trading at 38,626, up by nearly 100 points. 

October monthly call options for Bank Nifty have sizable positions at 39,000 and 38,500 strikes. Put options have sizable positions at 38,000 and 38,500 strikes. 

Weekly options expiring on October 14 have a sizable call option base at 38,700 and 39,000 call options and 38,500 and 38,200 put options. 

Bank Nifty has immediate support at 38,200 and resistance at 39,000 levels. 

Stock Action

Today’s top gainers are Tata Motors, Tata Chemicals, Tata Power, BHEL and Ashok Leyland. 

Today’s top losers are SRF, ONGC, City Union Bank, MCX India and Oberoi Realty. 

Sector Update

Auto and Metal sectors are in the green today with stocks like Tata Motors, Ashok Leyland, M&M, SAIL and Jindal Steel & Power trading higher. 

Realty and PSU Banks are seeing some selling pressure today with stocks like Oberoi Realty, Godrej Properties, SBI and Canara Bank trading lower. 

Global Markets Update 

Major European markets are likely to open lower as their futures are trading down by nearly 0.2%. US Futures too is trading marginally in the red. Dow Jones futures trading down by 25 points.