Index Action
Nifty50
Nifty50 opened higher and extended the gains in the afternoon session, supported by IT and Auto sectors. At 12 pm today, it was trading 143 points higher at 17,230.
For December 30 options contracts, Nifty50 has sizable positions at 17,500 and 17,200 call options and 17,000 and 17,200 put options. Further, additions were seen in both 17,300 call options and 17,000 put options.
Nifty50 has immediate support at 16,800 and resistance is at 17,400 levels.
Bank Nifty
Bank Nifty opened higher but pared its initial gains as private banks turned laggards in comparison with their public sector peers. At 12 pm today, it was trading 156 points higher at 35,214.
For December 30 options contracts, Bank Nifty has sizable positions at 35,500 and 36,000 call options and 35,000 and 34,500 put options. Further additions were seen at 35,500 call options and 35,000 put options.
Bank Nifty has immediate support at 34,300 and resistance is at 35,700 levels.
Stock Action
Today’s top gainers are Astral, Deepak Nitrite, IRCTC, Max Financial and Delta Corp.
Today’s top losers are Granules, ABFRL, Torrent Pharma, Power Grid and Trent.
Sector Update
Media and IT have emerged as the leading sectors with buying interest today. Stocks like Torrent, Zee Entertainment, PVR, Mphasis, Tech Mahindra and HCL Tech are trading in the green.
No major sectoral index is trading in the red so far.
Global Markets Update
Major European markets are likely to open mixed as their futures are trading in the range of -0.1% to +0.9%. US markets are expected to open flat as the US Futures are trading flat with a negative bias, down by nearly 0.05%.
Download the Upstox App Today