Global Markets Update
SGX Nifty is trading lower, down by 146 points. Major Asian markets are trading mixed. Japan’s Nikkei slipped 1.2% (7 am) and Hong Kong’s Hang Seng index gained 0.6% (7am).
European markets ended mixed in the range of -0.6% to +0.1%. The U.S. markets closed lower as investors braced for a key inflation report, which will be released today. The Dow Jones fell 1.1%, and the Nasdaq dropped 2.1%.
Stock Action
Long build-up was seen in ACC, Syngene International, Whirlpool, Ambuja Cements and Chambal Fertilisers.
Short build-up was seen in Persistent, GNFC, Delta Corp, L&T Technology Services and Infosys.
F&O stocks in ban
Stocks in ban: Delta Corp and RBL Bank
Stocks added: Delta Corp
Stocks out of ban:
FII/DII Activity**
In the cash market, FIIs were net sellers of ₹1,145 crore, while DIIs were net buyers of ₹486 crore. In the derivatives market, FIIs sold index futures worth ₹2,166 crore and sold index options worth ₹3,222 crore. Further, they sold stock futures worth ₹916 crore and sold stock options worth ₹193 crore.
Index Action
Nifty50
Amid weak global cues, the Nifty50 had a volatile session on Monday and ended with losses. In the afternoon session, the index nearly recovered its day's low but failed to sustain the gains. The Nifty50 dropped 109 points to close at 17,674.
The India VIX climbed 3.2% to 18.27.
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 17,800 and 18,000 call options and 17,700 and 17,500 put options.
As per options data, the broad range for the Nifty50 is between 17,000 and 18,800 levels. Its immediate support is at 17,400, and resistance is at 18,100 levels.
Bank Nifty
The Bank Nifty recouped early losses in the morning session despite a gap-down start. However, selling pressure in the afternoon session dragged the index lower, and it declined 0.3% to close at 37,613.
The Bank Nifty’s monthly options expiring on April 28 have sizable positions at 38,000 and 39,000 call options and 36,000 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 38,200 levels.