Index Action
Nifty50
Nifty50 opened lower but saw buying emerge at lower levels and has moved in the positive territory. It is trading 39 points higher at 17,455.
For November 25 options contracts, the Nifty50 has sizable positions at 18,000 and 17,800 call options and 17,400 and 17,000 put options. Further additions were seen in 17,600 call options and 17,400 put options.
The Nifty50 has immediate support at 17,200 and resistance at 18,000 levels.
Bank Nifty
Bank Nifty saw a bounce from lower levels of 36,650 and is now trading in the green. It is trading 30 points higher at 37,158.
For November 25 options contracts, Bank Nifty has sizable positions at 38,000 and 37,500 call options and 37,000 and 36,500 put options. Further additions were seen at 37,500 call options and 37,000 put options.
Bank Nifty has immediate support at 36,800 and resistance at 37,800 levels.
Stock Action
Today’s top gainers are Glenmark, SAIL, NMDC, BHEL and JSW Steel.
Today’s top losers are Dr. Lal Pathlab, Indusind Bank, Info Edge, CG Consumer and Asian Paints.
Sector Update
Metal and Realty sectors have emerged as the leading sectors with buying interest today. Stocks like SAIL, JSW Steel, Vedanta, Godrej Properties and DLF are trading in the green.
No major index is trading in the red so far.
Global Markets Update
Major European markets are likely to open in the red as their futures are trading lower in the range of -0.1% to -0.4%. US Futures are also trading lower, down by nearly 0.1%.