Index Action
Nifty50
Nifty50 opened in the green and touched a high of 17,543 but immediately slipped into the red. At 12 pm today, it was trading 28 points lower at 17,441.
For December 9 options contracts, Nifty50 has sizable positions at 17,500 and 17,600 call options and 17,400 and 17,300 put options. Further, additions were seen in 17,500 call options and 17,400 put options.
Nifty50 has immediate support at 16,900 and resistance at 17,600 levels.
Bank Nifty
Bank Nifty opened marginally higher and saw selling pressure immediately. It is trading in the negative territory and is trading around the 37,000 mark. At 12 pm today, it was trading 297 points lower at 36,986.
For December 9 options contracts, Bank Nifty has sizable positions at 37,500 and 37,000 call options and 37,000 and 36,500 put options. Further additions were seen at both 37,000 call and put options.
Bank Nifty has immediate support at 36,100 and resistance at 37,800 levels.
Stock Action
Today’s top gainers are Vodafone Idea, FSL, Can Fin Homes, GMR Infra and Zee Entertainment.
Today’s top losers are SBI Card, Havells, Chambal Fertilisers, Biocon and BEL.
Sector Update
Media and Metal have emerged as the leading sectors with buying interest today. Stocks like Zee Entertainment, Sun TV, PVR, Vedanta and Adani Enterprises are trading in the green.
Banking and IT sectors are seeing selling pressure today. Stocks like HDFC Bank, Kotak Mahindra Bank, Axis Bank, L&T Infotech and TCS are trading in the red.
Global Markets Update
Major European markets are likely to open mixed as their futures are trading in the range of -0.5% and 0.1%. US Futures are trading in the red, down by nearly 0.2%.
Download the Upstox App Today