Global Markets Update
SGX Nifty is trading down by 57 points. Major Asian markets are trading in the red. However, Nikkei trading up by 0.3% and Hang Seng trading down nearly 0.6%.
European markets closed in the green, near their day's high, in the range of 0.03% to 0.9%. US markets, on the other hand, closed lower. Dow Jones closed down almost 0.7% and NASDAQ closed down nearly 1.7%
Stock Action
Long build-up was seen in stocks like MCX India, Ipca Labs, Indus Towers, UPL and Delta Corp.
Short build-up was seen in stocks like FSL, Strides Pharma, Hindalco, BHEL and Tata Steel.
F&O stocks in ban
Stocks in ban: Bank of Baroda, BHEL, Escorts, Indiabulls Housing Finance, PNB, SAIL and Sun TV
Stocks added: Bank of Baroda, BHEL, Indiabulls Housing Finance and SAIL
Stocks out of ban: -
FII/DII Activity**
In the cash market, FIIs were net sellers of ₹469 crore, while DIIs were net buyers of ₹766 crore. In the derivatives market, FIIs sold index futures worth ₹512 crore and index options worth ₹241 crore. Further, they sold stock futures worth ₹1,221 crore and stock options worth ₹104 crore.
Index Action
Nifty50
Nifty50 recovered well from the day’s low in the second half yesterday but failed to close in the green. It closed 27 points lower at 18,017.
India VIX rose nearly 2% to 16.30 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 18,000 call options and 17,900 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 was under selling pressure all day yesterday and saw its third consecutive negative closing. It closed 345 points lower at 39,023.
Bank Nifty monthly options expiring on November 25 have sizable positions at 40,000 and 41,000 call options and 38,000 and 37,000 put options.
Bank Nifty November 11 weekly series options have sizable positions at 39,500 and 40,000 call options and 39,000 and 38,500 put options. Additions were seen at 39,000 call options and 38,800 put options.
Options data suggests a range for Bank Nifty as 38,000 and 40,500. It has immediate support at 38,500 and resistance at 39,400 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.