Global Markets Update
The SGX Nifty is trading in the red, down by 243 points. Major Asian markets are trading lower. In Japan, the Nikkei fell 1.3%, and Hong Kong’s Hang Seng slipped 1.5% at 7 am India time.
The US stocks fell sharply ahead of the key inflation data, which will be released later today. The Dow Jones fell 1.9%, while the Nasdaq slipped 2.7%. European markets ended lower in the range of 1.4% to 1.5%.
Stock Action
Long build-up was seen in ConCor, ICICI Lombard, Hindustan Petroleum, Metropolis and UBL.
Short build-up was seen in NBCC, Indian Hotels, LIC Housing Finance, OFSS and AU Small Finance Bank.
F&O stocks in ban
Stocks in ban: Delta Corp
Stocks added: Delta Corp
Stocks out of ban:
FII/DII Activity**
In the cash market, FIIs were net sellers of ₹1,512 crore, while DIIs were net buyers of ₹1,624 crore. In the derivatives market, FIIs sold index futures worth ₹871 crore and bought index options worth ₹2,392 crore. Further, they bought stock futures worth ₹952 crore and bought stock options worth ₹84 crore.
Index Action
Nifty50
The Nifty50 broke its four-day losing streak and closed the volatile session in the green. The recovery in the second half was led by Reliance Industries, Pharma and IT stocks. The Nifty50 advanced 121 points and closed the day at 16,478.
The India VIX slipped 3.5% to 19.14.
The Nifty50’s options contracts expiring on 30 June are scattered and have sizable positions at 17,000 and 17,500 call options and 16,000 and 15,500 put options.
The Nifty50’s options contracts expiring on 16 June have sizable positions at 17,000 and 16,500 call options and 16,200 and 16,300 put options.
As per options data, the broad range for the Nifty50 is between 15,500 and 17,200 levels. Its immediate support is at 16,200 and resistance is at 16,800 levels.
Bank Nifty
The Bank Nifty bounced back from 34,650 levels and closed the session near day's high. Gains in private banks pushed the index higher, while their PSU peers remained under pressure. The Bank Nifty gained 139 points to end at 35,085.
The Bank Nifty’s options contracts expiring on 30 June are scattered and have sizable positions at 37,000 and 35,000 call options and 35,000 and 34,000 put options.
The Bank Nifty’s options contracts expiring on 16 June have sizable positions at 36,000 and 35,000 call options and 34,500 and 34,000 put options.
As per the options data, the broad range for the Bank Nifty is between 34,000 and 36,300 levels. Its immediate support is at 34,500 and resistance is at 35,800 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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