F&O Morning Update for 18 May 2022

Blog | F&O

Global Markets Update

The SGX Nifty is trading in the red, down by 17 points. Major Asian markets are trading mixed. In Japan, the Nikkei rose 0.8% and Hong Kong’s Hang Seng index dropped 0.3% at 7 am India time.

The US markets climbed higher as consumer and tech stocks witnessed a strong rebound. The Dow Jones climbed 1.3%, while the Nasdaq rose 2.7%. European markets closed higher in the range of 0.7% to 1.5%.


Stock Action

Long build-up was seen in Coromandel, Chambal Fertilisers, Bajaj Finserv, MCX and Persistent. 

Short build-up was seen in Dr. Lal Pathlabs, Metropolis, Crompton, Aurobindo Pharma and Dalmia Bharat. 

Major companies announcing results today are ABFRL, Granules, Indraprastha Gas, ITC, LIC Housing Finance, Lupin and Pidilite. 


F&O stocks in ban

Stocks in ban: GNFC, Indiabulls Housing Finance and PNB

Stocks added: 

Stocks out of ban: 


FII/DII Activity**

In the cash market, FIIs were net sellers of ₹2,192 crore, while DIIs were net buyers of ₹2,294 crore. In the derivatives market, FIIs bought index futures worth ₹1,063 crore and bought index options worth ₹1,228 crore. Further, they bought stock futures worth ₹1,991 crore and sold stock options worth ₹96 crore.


Index Action

Nifty50

On Tuesday, the Nifty50 staged a strong pullback and rose 2.6%, led by a broad-based rally across sectors. Gains in Metal, Oil & Gas, and IT sectors pushed the index higher, and it closed in the green for the second consecutive day. Among stocks, Hindalco, Tata Steel and Coal India were the top gainers. With 49 out of its 50 stocks ending higher, the Nifty50 rose 417 points to 16,259.

The India VIX dropped 7.2% to 22.74.

The Nifty50’s options contracts expiring on 26 May have sizable positions at 17,000 and 16,500 call options and 16,000 and 15,500 put options. 

The Nifty50’s options contracts expiring on 19 May have sizable positions at 16,200 and 16,500 call options and 16,000 and 15,800 put options. 

As per options data, the broad range for the Nifty50 is between 15,200 and 16,800 levels. Its immediate support is at 15,900 and resistance is at 16,500 levels.

Bank Nifty 

The Bank Nifty extended its gains and rose 2.1% yesterday. All the 12 stocks of the banking index ended in the green, with ICICI Bank and SBI being the top gainers. The Bank Nifty jumped 704 points to 34,301.

The Bank Nifty’s options contracts expiring on 26 May have sizable positions at 36,000 and 35,000 call options and 33,000 and 32,000 put options. 

The Bank Nifty’s options contracts expiring on 19 May have sizable positions at 34,500 and 35,500 call options and 34,000 and 33,000 put options. 

As per the options data, the broad range for the Bank Nifty is between 32,800 and 35,500 levels. Its immediate support is at 33,700 and resistance is at 34,800 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.

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