F&O Morning Update for 14 October, 2021

Global Markets Update

SGX Nifty is trading up by 81 points. Major Asian markets are trading mixed with Nikkei trading up by almost 1% and Hang Seng trading down almost 1.5%. 

European markets saw a smart recovery and closed near day's highs in the range of 0.16% to 0.75%. US markets too saw selling pressure at the opening but recovered well and closed near day's high. Dow Jones had flat closing and the NASDAQ closed up by 0.7%.

Stock Action*

Long Build-up was seen in stocks like BHEL, Indiamart, M&M, GMR Infra and REC. 

Short Build-up was seen in stocks like HUL, Biocon, Indigo, Maruti and Metropolis. 

F&O Stocks in Ban:

Stocks in Ban: Bank of Baroda, BHEL, Indiabull Hsg, Idea, NALCO, PNB, SAIL and Sun TV

Stocks added: BHEL and Idea

Stocks out of ban: IRCTC

FII/DII Activity**

In the cash market, FIIs were net buyers for ₹937 crore while DIIs were net sellers for ₹431 crore. In the Derivatives market, FIIs bought index futures worth ₹1,205 crore while they sold Index options worth ₹95 crore. For stocks, they sold stock futures worth ₹51 crores and sold stock options worth ₹173 crores.

Index Action

Nifty50

Yesterday, Nifty50 closed firmly in the green at 18,161, up by 169 points. 

India VIX climber up to 16.1 levels indicating continued volatility in the coming days. 

October monthly series options saw further additions to their significant positions at 18,200 and 18,500 call options and 17,800 and 17,900 put options. 

October 14 weekly options continue to add to their significant positions at 18,200 and 18,300 call options and 17,800 and 17,900 put options. 

Options data suggests a broad range for Nifty50 as 17,500 and 18,400 levels and its immediate support and resistance levels are 17,900 and 18,200 respectively.

Bank Nifty

Bank Nifty closed at 38,635, up by 114 points. 

October monthly series options have significant positions at 38,500 and 39,000 call options and 38,500 and 38,000 put options. 

October 14 weekly options have significant positions at 38,800 and 39,000 call options and 38,200 and 38,500 put options

Options data suggests a broad range for Bank Nifty as 37,500 and 39,000. It’s Immediate support and resistance levels are 38,200 and 39,000. 

*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.