Global Markets Update
SGX Nifty is trading down by 75 points. Major Asian markets are trading in the red with Nikkei and Hang Seng both trading down about 1% .
European markets closing was flat to positive while US markets closed in the red. The Dow Jones closed 0.7% down and the NASDAQ closed down by 0.6%.
Stock Action*
Long Build-up was seen in stocks like Crompton, JK Cement, Zee Entertainment, IEX and BHEL.
Short Build-up was seen in stocks like TCS, Mindtree, Alkem, Infosys and Wipro.
F&O Stocks in Ban:
Stocks in Ban: Bank of Baroda, BHEL, Canara Bank, Indiabull Hsg, IRCTC, NALCO, PNB, SAIL and Sun TV
Stocks added: Bank of Baroda and BHEL
Stocks out of ban: -
FII/DII Activity**
In the cash market, FIIs were net sellers for ₹1,303 crore while DIIs were net sellers for ₹373 crore. In the Derivatives market, FIIs bought index futures worth ₹1,372 crore while they sold Index options worth ₹2,079 crore. For stocks, they sold stock futures worth ₹1,044 crore and sold stock options worth ₹164 crore.
Index Action
Nifty50
Yesterday, Nifty50 hit a milestone of 18,000 and closed 50 points higher at 17,945.
India VIX climbed up to 16.08 levels.
October monthly series options saw further additions at 18,500 and 18,000 call options and 17,800 and 17,500 put options. Further additions were also seen at 18,200 call options and 17,800 put options.
For October 14, weekly options- further additions were seen at 18,000 and 18,300 call options and 17,800 and 17,600 put options respectively. Further additions were also seen at 18,300 call and 17,800 put options.
Options data suggests a broad range for Nifty50 as 17,500 and 18,500 levels and its immediate support and resistance levels are 17,800 and 18,300 respectively.
Bank Nifty
Bank Nifty also touched a record high of 38,495 and closed 518 points higher at 38,293 levels.
October monthly series options have a significant base at 38,500 and 39,000 call options and 38,000 and 37,500 put options.
October 14 weekly options have a strong base at 38,500 call options and 38,000 put options. Further additions were seen at 38,400 call options and 38,200 put options.
Options data suggests a range for Bank Nifty as 37,500 and 39,000. It’s Immediate support and resistance levels are 38,000 and 38,500.
*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.