Global Markets Update
SGX Nifty is trading down by 95 points. Major Asian markets are trading in the red, with Nikkei down by 0.1% and Hang Seng down by 0.4%.
European markets saw a flat to negative closing in the range of -0.1% to -0.4%%. US markets also closed lower. Dow Jones closed down by 0.3% and NASDAQ closed down by 0.6%.
Stock Action
Long build-up was seen in stocks like Birlasoft, M&M, TVS Motor, RBL Bank and Indiabulls Housing Finance.
Short build-up was seen in stocks like Britannia, FSL, SBI Cards, JK Cement, and JSPL.
F&O stocks in ban
Stocks in ban: Escorts, PNB and Sun TV
Stocks added: -
Stocks out of ban: -
FII/DII Activity**
In the cash market, FIIs were net sellers of ₹2,445 crore, while DIIs were net buyers of ₹1,417 crore. In the derivatives market, FIIs sold index futures worth ₹2,621 crore, while they bought Index options worth ₹2,391 crore. Further, they sold stock futures worth ₹848 crore and sold stock options worth ₹149 crore.
Index Action
Nifty50
Nifty50 traded in a narrow range with a negative bias yesterday and managed to close above the 18,000 mark. It closed 24 points lower at 18,044.
India VIX slipped 2% to 16.00 levels.
Nifty50 monthly options expiring on November 25 have sizable positions at 19,000 and 18,500 call options and 17,500 and 17,000 put options.
Nifty50 November 11 weekly series options have sizable positions at 18,200 and 18,100 call options and 17,900 and 17,800 put options. Additions were seen at 18,200 call options and 17,950 put options.
Options data suggests a broad range for Nifty50 at 17,200 and 18,500 levels, and its immediate support at 17,800 and resistance at 18,200 levels.
Bank Nifty
Bank Nifty, too, had a subdued day yesterday and closed in the red. It closed 69 points lower at 39,368.
Bank Nifty monthly options expiring on November 25 have sizable positions at 40,000 and 41,000 call options and 38,000 and 39,000 put options.
Bank Nifty November 11 weekly series options have sizable positions at 40,000 and 39,500 call options and 39,000 and 39,500 put options. Additions were seen at 39,600 call options and 39,200 put options.
Options data suggests a range for Bank Nifty as 38,500 and 41,300. It has immediate support at 38,900 and resistance at 39,700 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.