Global Markets Update
SGX Nifty is trading up by 44 points. Major Asian markets are trading flat, with Nikkei trading lower by 0.03% and Hang Seng trading higher by 0.1%.
European markets closed higher yesterday, in the range of 0.05% to 0.5%. Meanwhile, US markets gave up opening gains and closed flat with a negative bias. Both Dow Jones and NASDAQ closed lower by 0.04%.
Stock Action
Long build-up was seen in stocks like Apollo Hospitals, IRCTC, PI Industries, Metropolis and Laurus Labs.
Short build-up was seen in stocks like Granules, REC, Manappuram Finance, M&M Financial and Tata Steel.
F&O stocks in ban
Stocks in ban: Bank of Baroda, BHEL, Escorts, Indiabulls Housing Finance, IRCTC, NALCO, PNB, SAIL and Sun TV
Stocks added: IRCTC
Stocks out of ban: -
FII/DII Activity**
In the cash market, FIIs were net buyers of ₹424 crore, while DIIs were net buyers of ₹1,524 crore. In the derivatives market, FIIs sold index futures worth ₹291 crore and bought index options worth ₹2,081 crore. Further, they sold stock futures worth ₹77 crore and stock options worth ₹159 crore.
Index Action
Nifty50
Nifty50 oscillated between the negative and positive territories before ending the day on a flat note. It closed 6 points higher at 18,109.
India VIX rose 1.6% to 15.47 levels.
Nifty50 monthly options expiring on November 25 have sizable positions at 18,500 and 19,000 call options and 17,500 and 18,000 put options.
Nifty50 November 18 weekly series options have sizable positions at 18,200 and 18,500 call options and 18,000 and 17,900 put options. Further additions were seen at 18,200 call options and 18,000 put options.
Options data suggests a broad range for Nifty50 at 17,200 and 18,900 levels. its immediate support is at 17,700 and resistance is at 18,400 levels.
Bank Nifty
Bank Nifty continued its slide after a day’s respite as selling pressure was seen at higher levels. It closed 31 points lower at 38,702.
Bank Nifty monthly options expiring on November 25 have sizable positions at 40,000 and 39,000 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. Further additions were seen at 39,000 call options and 38,500 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.