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F&O Mid-Market Update for 25 April 2022

Index Action

Nifty50

Amid rising inflation concerns and weak global cues, the Nifty50 started the day negatively and slipped to 16,900 levels. Losses across major sectors dragged the index lower, while banking and auto stocks cushioned the fall. At 12 pm, the Nifty50 was trading 166 points lower at 17,005.

For April 28 options contracts, the Nifty50 has sizable positions at 17,200 and 17,500 call options and 17,000 and 16,900 put options. Further, additions were seen in 17,200 call options and 17,000 put options.

The Nifty50's immediate support is at 16,700 and resistance is at 17,400 levels.

Bank Nifty

The Bank Nifty recovered from the negative opening and reclaimed the 36,000 mark. The sharp recovery in the index was led by ICICI Bank, which posted robust Q4 results on Saturday. At 12 pm today, the Bank Nifty was trading 53 points higher at 36,098.

For April 28 options contracts, the Bank Nifty has sizable positions at 36,500 and 37,000 call options and 35,500 and 36,000 put options. Further additions were seen in both 36,000 call and put options.

The Bank Nifty's immediate support is at 35,500 and resistance is at 36,700 levels.


Stock Action

Today’s top gainers are AB Capital, Ambuja Cements, ICICI Bank, Gujarat Gas and ACC.

Today’s top losers are Tata Communications, BPCL, NALCO, Jubilant FoodWorks and NMDC.


Sector Update

Except banking, all other sectors are trading in the red. Stocks like ICICI Bank, Bandhan Bank and Axis Bank are trading in the green.

The Realty and Metal sectors came under selling pressure. Stocks like Godrej Properties, DLF, Oberoi Realty, JSW Steel and Tata Steel are trading in the red.


Global Markets Update

Major European markets are likely to open lower as their futures are trading in the red in the range of -1.9% to -0.8%. The U.S. futures are also trading lower, down by 0.8%.

Categories: F&O