Global Markets Update
SGX Nifty is trading lower, down by 26 points. Major Asian markets also started Monday's session on a negative note. Japan's Nikkei slipped 0.1% lower (7 am), and Hong Kong's Hang Seng declined 1.3% lower (7 am).
On Friday, European markets ended higher in the range of 1.3% to 1.6%. U.S. markets had a mixed closing on Friday. The Dow Jones rose 0.4%, and NASDAQ dipped 1.3%.
Stock Action
Long build-up was seen in Syngene International, Chola Investments, Polycab, Vodafone-Idea and Apollo Tyres.
Short build-up was seen in RBL Bank, Oberoi Realty, Cipla, Tech Mahindra and Maruti Suzuki.
F&O stocks in ban
Stocks in ban: RBL Bank
Stocks added: RBL Bank
Stocks out of ban:
FII/DII Activity**
In the cash market, both FIIs & DIIs were net sellers of ₹575 crore & ₹16 crore. In the derivatives market, FIIs bought index futures worth ₹163 crore and bought index options worth ₹3,105 crore. Further, they sold stock futures worth ₹1,371 crore and sold stock options worth ₹190 crore.
Index Action
Nifty50
On Friday, the markets saw a broad-based rally, with FMCG and Metal sectors being the top gainers and IT being the only sector to end lower. The Nifty50 ended 144 points higher at 17,784. With RBI keeping the key interest rates unchanged, investors will keep an eye on corporate earnings, inflation data and crude prices in the holiday truncated three-session week.
The India VIX dropped 6.9% to 17.68.
The Nifty50’s monthly options expiring on April 28 have sizable positions at 18,000 and 19,000 call options and 17,500 and 17,000 put options.
The Nifty50’s weekly options expiring on April 13 have sizable positions at 18,000 and 17,800 call options and 17,700 and 17,600 put options.
As per options data, the broad range for Nifty50 is between 17,000 and 18,800 levels. Its immediate support is at 17,500 and resistance is at 18,200 levels.
Bank Nifty
On Friday, the Bank Nifty ended with gains after RBI decided to keep the repo rate unchanged at 4%. Against this backdrop, both private and PSU bank indices advanced, and the Bank Nifty rose 194 points to 37,752.
The Bank Nifty’s monthly options expiring on April 28 have sizable positions at 38,000 and 39,000 call options and 36,500 and 37,000 put options.
The Bank Nifty’s weekly options expiring on April 13 have sizable positions at 38,000 and 38,500 call options and 37,500 and 37,000 put options.
As per the options data, the broad range for the Bank Nifty is between 36,500 and 39,500 levels. Its immediate support is at 37,100 and resistance is at 38,400 levels.