F&O Mid-market Update for 27 October 2021

Nifty50

Nifty50 opened positive and is holding its green territory. It is now trading 60 points higher at 18,330 levels. 

The October monthly series options have a sizable base at 18,300 and 18,500 call options and 18,000 and 18,200 put options. Further additions were seen at 18,300 call option and 18,200 put option. 

Immediate support and resistance for Nify50 is at 18,000 and 18,500 levels. 

Bank Nifty

Bank Nifty is range-bound today and is trading 30 points lower at 41,203levels. 

The October monthly options for Bank Nifty have a sizable base at 41,500 and 42,000 call options and 41,000 and 40,500 put options. Further additions were seen in 41,300 call option and 41,000 put option strikes.

Immediate support and resistance for Bank Nifty is at 40,800 and 41,500 levels. 

Stock Action 

Today’s top gainers are Persistent, Canara Bank, Godrej Consumer, Divis Lab and Asian Paints. 

Today’s top losers are Axis Bank, Bajaj Finance, Torrent Pharma, Zee Entertainment and Bajaj Finserv. 

Sector Update

PSU Bank and Pharma sectors saw buying interest and have emerged as the leading sectors today. Stocks like Canara Bank, SBI, PNB, Divis Lab and Sun Pharma are trading in the green.

Media and Private Banks came under selling pressure today with stocks like Zee Entertainment, Axis Bank, Federal Bank, and Bandhan Bank trading in the red. 

Global Markets Update

Major European markets are likely to open negative as their futures are trading flat with a negative bias, down by nearly 0.1%. US Futures are trading flat with a positive bias, up by almost 0.1%.