Global Markets Update
SGX Nifty is trading down by 58 points. Major Asian markets are trading in the red, with Nikkei trading lower by 0.2% and Hang Seng trading lower by 0.5%.
European markets had a mixed closing in the range of -0.3% to +0.6%. US markets closed in the green, with the Dow Jones closing 0.15% higher and NASDAQ closing 0.76% higher.
Stock Action
Long build-up was seen in stocks like Birlasoft, Chambal Fertilisers, Coforge, Maruti Suzuki and Motherson Sumi.
Short build-up was seen in stocks like Ashok Leyland, Glenmark, Manappuram Finance, Ipca Labs and Shree Cement.
F&O stocks in ban
Stocks in ban: BHEL, Indiabulls Housing Finance, IRCTC, NALCO, PNB, SAIL and Sun TV
Stocks added: -
Stocks out of ban: Bank of Baroda, Escorts
FII/DII Activity**
In the cash market, FIIs were net sellers of ₹560 crore, while DIIs were net buyers of ₹577 crore. In the derivatives market, FIIs sold index futures worth ₹577 crore and index options worth ₹2,105 crore. Further, they bought futures worth ₹31 crore and sold stock options worth ₹30 crore.
Index Action
Nifty50
Nifty50 had a volatile day yesterday as it saw big swings from negative to positive and back to negative territory. It closed 110 points lower at 17,999.
India VIX slipped 1.7% to 15.19 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 18,100 call options and 18,000 and 17,800 put options. Further additions were seen at 18,100 call options and unwinding was seen at 18,000 put options.
Options data suggests a broad range for Nifty50 at 17,200 and 18,900 levels and its immediate support at 17,700 and resistance at 18,300 levels.
Bank Nifty
Bank Nifty closed lower and has underperformed the broader markets for the last few sessions. It closed 395 points lower at 38,307.
Bank Nifty monthly options expiring on November 25 have sizable positions at 40,000 and 38,500 call options and 38,000 and 37,000 put options.
Bank Nifty November 18 weekly series options have sizable positions at 39,000 and 38,500 call options and 38,500 and 38,000 put options. Further additions were seen at 38,500 call options and 38,200 put options.
Options data suggests a range for Bank Nifty as 37,100 and 39,800. It has immediate support at 37,900 and resistance at 39,100 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.