Global Markets Update
Ahead of the Union Budget today, SGX Nifty is trading in the green, up by 177 points. Major Asian markets are trading in the green; Nikkei jumped 1.2%, and Hang Seng is trading 1.0% higher.
The European markets closed flat to positive in the range of % to -0.02% to +1%. The US markets closed in the green, with tech stocks staging a comeback. Dow Jones closed 1.1% higher, and NASDAQ rose 3.4%.
Stock Action
Long build-up was seen in L&T Infotech, PFC, Indian Hotels, Navin Fluorine and InfoEdge.
Short build-up was seen in Exide Industries, IndusInd Bank, UPL, Kotak Mahindra Bank and Metropolis.
F&O stocks in ban
Stocks in ban: -
Stocks added: -
Stocks out of ban: -
FII/DII Activity**
In the cash market, FIIs were net sellers of ₹3,624 crore while DIIs were net buyers of ₹3,648 crore. In the derivatives market, FIIs bought index futures worth ₹1,295 crore and sold index options worth ₹4,730 crore. Further, they bought stock futures worth ₹2,095 crore and sold stock options worth ₹55 crore.
Index Action
Nifty50
A day ahead of the Union Budget, the Nifty50 traded firmly without any significant swings. Led by broad-based gains across major sectors, it climbed 237 points and ended the day higher at 17,339.
The India VIX climbed 6% to 21.95.
The Nifty50’s monthly options expiring on February 24 are scattered and have sizable positions at 18,000 and 18,500 call options and 16,500 and 17,000 put options.
The Nifty50’s weekly options expiring on February 3 have sizable positions at 18,000 and 17,900 call options and 17,300 and 17,000 put options. Further additions were seen at 17,300 call options and 17,400 put options.
As per the options data, the broad range for the Nifty50 is between 16,400 and 18,000 levels. Its immediate support is at 16,900 and resistance is at 17,600 levels.
Bank Nifty
The Bank Nifty came off slightly from the day's high but closed the day in the green. The PSU banks continued to shine, and the breadth remained strong. It rose 285 points to close at 37,975.
The Bank Nifty’s monthly options expiring on February 24 are scattered and have sizable positions at 39,000 and 40,000 call options and 36,000 and 37,000 put options.
The Bank Nifty’s weekly options expiring on February 3 have sizable positions at 39,000 and 39,500 call options and 38,000 and 37,000 put options. Further additions were seen at both 38,000 call and put options.
As per the options data, the broad range for the Bank Nifty is between 36,300 and 39,800 levels. Its immediate support is at 37,100 and resistance is at 38,500 levels.