Global Markets Update
SGX Nifty is trading up by 38 points. Major Asian markets are trading in the red with Nikkei trading down by almost 0.3% and Hang Seng trading down almost 0.7%.
European markets closed 0.4% to 0.8% higher on Friday. US markets too closed in the green with the Dow Jones closing 1% higher and the NASDAQ closing up by 0.5%.
Stock Action*
Long Build-up was seen in stocks like JK Cement, IRCTC, REC, PFC and India Cements.
Short Build-up was seen in stocks like HCL Tech, CONCOR, TCS, Metropolis and HDFC Life.
F&O Stocks in Ban:
Stocks in Ban: Bank of Baroda, BHEL, Indiabull Hsg, Idea, IRCTC and Sun TV
Stocks added: IRCTC
Stocks out of ban: NALCO, PNB and SAIL
FII/DII Activity**
In the cash market, FIIs were net buyers for ₹1,681 crore while DIIs were net sellers for ₹1,750 crore. In the Derivatives market, FIIs bought index futures worth ₹1,326 crore while they bought index options worth ₹1,898 crore. For stocks, they sold stock futures worth ₹54 crore and sold stock options worth ₹243 crore.
Index Action
Nifty50
On Thursday, Nifty50 closed at yet another record high of 18,338; up by 176 points.
India VIX slipped to 15.7 levels due to the spike in market levels.
October monthly series options saw further additions to their significant positions at 18,500 and 19,000 call options and 18,000 and 17,500 put options. Sizeable positions were added at 18,350 call options and 18,000 put options.
October 21 weekly options continue to add to their significant positions at 18,500 and 18,700 call options and 18,100 and 18,000 put options.
Options data suggests a broad range for Nifty50 as 17,500 and 19,000 levels and its immediate support and resistance levels are 18,000 and 18,500 respectively.
Bank Nifty
Bank Nifty closed at 39,340, up by 705 points.
October monthly series options have significant positions at 39,500 and 40,000 call options and 38,000 and 37,500 put options.
October 21 weekly options have significant positions at 39,500 and 40,000 call options and 39,000 and 38,500 put options
Options data suggests a broad range for Bank Nifty as 38,000 and 40,000. It’s Immediate support and resistance levels are 39,000 and 39,700.
*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.