Global Markets Update
SGX Nifty is trading up by 28 points. Major Asian markets are trading mixed with Nikkei trading lower by 0.4% and Hang Seng trading lower by 1%.
European markets closed negative, down by about 0.4%. US markets saw a mixed closing, with the Dow Jones closing 0.75% lower and NASDAQ closing 0.4% higher.
Stock Action
Long build-up was seen in stocks like PNB, Escorts, SRF, Granules and SBI.
Short build-up was seen in stocks like SBI Cards, JK Cement, Jubilant Foodworks, JSW Steel and Coal India.
F&O stocks in ban
Stocks in ban: BHEL, Escorts, Idea, NALCO, SAIL and Sun TV
Stocks added: Escorts and Idea
Stocks out of ban: Indiabulls Housing Finance and IRCTC
FII/DII Activity**
In the cash market, FIIs were net sellers of ₹3,930 crore while DIIs were net buyers of ₹1,885 crore. In the derivatives market, FIIs sold index futures worth ₹179 crore while they sold Index options worth ₹8,516 crore. Further, they bought futures worth ₹80 crore and sold stock options worth ₹62 crore.
Index Action
Nifty50
Nifty50 had a subdued week as inflation worries, soft global market and high valuations were the main concerns for investors. On Thursday, Nifty50 closed 133 points lower at 17,764.
India VIX slipped 0.8% to 14.85 levels.
Nifty50 options expiring on November 25 have sizable positions at 18,000 and 18,600 call options and 17,500 and 17,400 put options. Further additions were seen at 17,900 call options and 17,600 put options.
Options data suggests a broad range for Nifty50 at 17,000 and 18,700 levels and its immediate support at 17,500 and resistance at 18,200 levels.
Bank Nifty
Bank Nifty underperformed the broader markets last week as select banking stocks came under continuous selling pressure. On Thursday, Bank Nifty closed 65 points lower at 37,976.
Bank Nifty monthly options expiring on November 25 have sizable positions at 38,000 and 38,500 call options and 38,000 and 37,000 put options. Further additions were seen at both 38,000 call options and put options.
Options data suggests a range for Bank Nifty between 37,100 and 39,200. It has immediate support at 37,500 and resistance at 38,700 levels.
*In Futures and Options or F&O, long build-up means an increase in Open Interest (OI) along with an increase in price, and short build-up means an increase in Open Interest (OI) along with a decrease in price.
**Source: nseindia.com. Cash market figures are provisional.
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