Index Action
Nifty50
Nifty50 opened positive and faced selling pressure at higher levels of 18,000. It is trading flat, up by 12 points at 17,941 levels.
For weekly expiry (November 3), the Nifty50 has sizable positions at 18,000 and 18,200 call options and 17,800 and 17,500 put options. Further additions were seen at 18,100 call options and 17,800 put options.
The Nifty50 has immediate support at 17,600 and resistance at 18,200 levels.
Bank Nifty
Bank Nifty saw buying at lower levels of 39,600. It is trading 254 points higher at 40,018 levels.
For weekly expiry (November 3), Bank Nifty has sizable positions at 40,000 and 40,500 call options and 39,500 and 39,000 put options. Further additions were seen at 39,900 call options and 39,600 put options.
Bank Nifty has immediate support at 39,200 and resistance at 40,200 levels.
Stock Action
Today’s top gainers are RBL Bank, DLF, Shriram Transport Finance, Maruti Suzuki and Tata Power.
Today’s top losers are PI Industries, Aarti Industries, NMDC, Godrej Properties and Sun Pharma.
Sector Update
The Realty and Media sectors, followed by Metal, have emerged as the leading sectors with buying interest today. Stocks like DLF, Zee Entertainment, Vedanta and Adani Enterprises are trading in the green.
No major sectoral indices are in the red so far.
Global Markets Update
Major European markets are likely to open mixed as their futures are trading in a range of -0.2% to +0.6%. US Futures are trading negative, down by almost 0.2%.