F&O Mid-market Update for 14 October 2021

Index Action

Nifty50

Nifty50 continues its upward march with support from the IT sector today. It is trading 150 points up at 18,310 levels. 

October monthly series options have a sizable base at 18,200 and 18,500 call options and at 18,200 and 18,000 put options. Additions were seen at 18,350 call options and 18,000 put options. 

Today is the expiry for the October 14 series contracts.

Weekly options expiring October 14, have sizable positions at 18,300 and 18,400 call options and 18,300 and 18,200 put options. Further additions were seen at 18,200 call options and 18,000 put options. 

Nifty50 has immediate support and resistance at 18,100 and 18,400 levels. 

Bank Nifty 

Bank Nifty is marching towards 39,000 levels. It is trading 230 points up at 38,860 levels.  

October monthly call options for Bank Nifty have sizable positions at 39,000 and 39,500 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 38,800 and 39,000 call options and 38,800 and 38,700 put options. 

Bank Nifty has immediate support at 38,500 and resistance at 39,000 levels. 

Stock Action

Today’s top gainers are Mindtree, Mphasis, IRCTC, India Cements and Wipro. 

Today’s top losers are Coal India, Motherson Sumi, Tata Chemicals, Tata Motors and Dr. Lal Pathlabs. 

Sector Update

IT and Realty sectors are leading sectors today followed by Metals. Stocks like Mindtree, Wipro, Mphasis, Godrej Properties and Vedanta are trading higher. 

The media and auto sectors are seeing some profit-booking today. Stocks like Zee Ent., Tata Motors, Ashok Leyland and Eicher Motors are trading lower. 

Global Markets Update 

Major European markets are likely to open higher as their futures are trading up by nearly 0.6%. US Futures are also trading higher, up by nearly 0.5%