Global Markets Update
In line with global cues, SGX Nifty is trading down by 176 points. Major Asian markets are trading down in the range of 0.4% to 2%.
Yesterday, major European indices also closed in the red down by about 0.5%, The US markets too closed in the red with the DOW Jones closing down by 546 points or 1.59% and Nasdaq closing down by 63 points or 0.44%.
Index Action
Nifty50
In September, Nifty50 rose nearly 3% touching new life time highs of 17,947. Yesterday, Nifty50 closed in the red down by 93 points at 17,618 levels.
India VIX cooled off a little but still remains high at 18.4 levels.
Nifty50 October monthly call options have the highest base at 18,000 and 18,500 strikes. Put options have the highest base at 17,000 and 17,500 strikes.
PCR-OI data indicates a support around 17,400 levels and resistance around 18,100 levels.
Bank Nifty
Bank Nifty also rose about 3% in the month of September touching a new lifetime high of 38,377. Yesterday, Bank Nifty closed 317 points down at 37,425 levels.
October series monthly options data shows the highest call options base at 38,000 and the second highest base at 38,500. For put options, the highest base is at 36,000 and 37,000 strikes.
PCR-OI data indicates a downward shift in support levels at 37,000 while the immediate resistance continues to be at 37,800.
F&O Stocks in Ban
Stocks in Ban: -
Stocks added: -
Stocks out of ban: Sun TV
FII/DII Activity**
In the cash market, FIIs were net sellers for ₹2,225 crore while DIIs were net buyers for ₹97 crore. In the Derivatives market, FIIs sold index futures worth ₹2,468 crores while they bought Index options worth ₹1,929 crore. For stocks, they sold stock futures worth ₹2,283 crores and bought stock options worth ₹1,707 crore
*In Futures and Options or F&O, Long build-up means increase in Open Interest (OI) along with increase in price and Short build-up means decrease in Open Interest (OI) along with decrease in price.
**Source: nseindia.com. Cash market figures are provisional.
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