Global Markets Update
SGX Nifty is trading up by 51 points. Major Asian markets are trading in the green with Nikkei and Hang Seng both trading up nearly 0.9%.
European markets closed in the green, in the range of 0.1% to 0.6%. US markets saw a mixed closing. Dow Jones closed down by 0.4% and NASDAQ closed up 0.5%
Stock Action
Long build-up was seen in stocks like Navin Fluorine, Trent, Whirlpool, Pidilite and HAL.
Short build-up was seen in stocks like Laurus Labs, Balkrishna Industries. Bosch, Bharat Forge and Strides Pharma.
F&O stocks in ban
Stocks in ban: Bank of Baroda, BHEL, Escorts, Indiabulls Housing Finance, PNB,
SAIL and Sun TV
Stocks added: -
Stocks out of ban: -
FII/DII Activity**
In the cash market, FIIs were net sellers of ₹1,637 crore, while DIIs were net buyers of ₹445 crore. In the derivatives market, FIIs bought index futures worth ₹193 crore, while they bought Index options worth ₹2,091 crore. Further, they sold stock futures worth ₹741 crore and sold stock options worth ₹300 crore.
Index Action
Nifty50
Nifty50 saw selling pressure on rise and staged a mild recovery from day’s lows towards the close. It closed 143 points lower at 17,873.
India VIX rose marginally to 16.35.
Nifty50 monthly options expiring on November 25 have sizable positions at 18,000 and 18,500 call options and 17,500 and 17,000 put options.
Nifty50 November 18 weekly series options have sizable positions at 18,000 and 18,100 call options and 17,500 and 17,400 put options.
Options data suggests a broad range for Nifty50 at 17,000 and 18,500 levels. It has immediate support at 17,500 and resistance at 18,100 levels.
Bank Nifty
Bank Nifty fell 650 points intraday but recovered some lost ground to close above 38,500. It closed 463 points lower at 38,560.
Bank Nifty monthly options expiring on November 25 have sizable positions at 40,000 and 40,500 call options and 38,000 and 37,000 put options.
Bank Nifty November 18 weekly series options have sizable positions at 39,000 and 39,500 call options and 38,500 and 38,000 put options.
Options data suggests a range for Bank Nifty as 37,100 and 40,200. It has immediate support at 37,900 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.