Global Markets Update
SGX Nifty is trading flat and is down by 7 points. Major Asian markets are trading in the green, with Nikkei trading about 1% higher and Hang Seng trading more than 0.5% higher.
On Friday, European markets were mixed as they closed in the range of -0.6% to +0.25%. However, US markets closed in the red, as the Dow Jones closed 8 points down and the NASDAQ closed 74 points down.
Stock Action*
Long Build-up was seen in stocks like Persistent, Dixon, IndiaMART, MRF and IRCTC.
Short Build-up was seen in stocks like HUL, Concor, Dabur, Nestle and ICICI Prudential.
F&O Stocks in Ban
Stocks in Ban: Canara Bank, Indiabull Hsg, IRCTC, NALCO, PNB, SAIL and Sun TV
Stocks added: IRCTC and Sun TV
Stocks out of ban: -
FII/DII Activity**
In the cash market, FIIs were net sellers for ₹64 crore while DIIs were net sellers for ₹168 crore. In the Derivatives market, FIIs bought index futures worth ₹21 crore while they bought Index options worth ₹761 crore. For stocks, they sold stock futures worth ₹201 crore and sold stock options worth ₹79 crore.
Index Action
Nifty50: On Friday, Nifty50 saw a positive closing of 104 points at 17,895 levels.
India VIX dipped further to 15.6 levels. VIX cooling off further will be an encouraging sign for the bulls.
October monthly options have sizable positions at 18,500 and 18,000 call options and 17,800 and 17,500 put options. Unwinding was seen at 18,000 call options and further additions were seen at 17,800 put options.
Weekly options expiring on October 14 have sizable positions at 18,000 and 18,300 call options and 17,800 and 17,700 put options. Further additions were seen at 18,300 call and 17,800 put options.
A broad range for Nifty, as per options data, is at 17,500 and 18,300 levels and immediate support and resistance at 17,800 and 18,000 levels respectively.
Bank Nifty: On Friday, Bank Nifty saw profit-booking at a high of 38,105 and closed 22 points higher at 37,775.
October monthly options have sizable positions at 38,000 and 38,500 call options and 37,500 and 37,000 put options. Unwinding was seen at 38,000 call options and additions were seen at the 37,500 put options.
Weekly options expiring on October 14 saw further additions to their already sizable positions at 38,000 call options and 37,500 put options.
A broad range for Bank Nifty, as per options data, is at 37,000 and 38,500 levels and immediate support and resistance at 37,700 and 38,000 levels respectively.
*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 increase in Open Interest (OI) along with decrease in price.
**Source: nseindia.com. Cash market figures are provisional.
Download the Upstox App Today