F&O Morning Update for 19 October 2021

Global Markets Update

SGX Nifty is trading up by 28 points. Major Asian markets are trading in the green with Nikkei and Hang Seng trading up by nearly 0.3%. 

European markets closed lower in the range of 0.4% to 0.8%. US markets closing was mixed with the Dow Jones closing 0.1% lower and the NASDAQ closing 0.8% higher.

Long Build-up was seen in stocks like Dalmia Bharat, PNB, NALCO, SAIL and India Cements. 

Short Build-up was seen in stocks like Amara Raja Batteries, L&T Infotech, Asian Paints, Navin Fluorine and Dr.Lal Pathlabs.

F&O Stocks in Ban:

Stocks in Ban: Amara Raja Batteries, BHEL, Escorts, Indiabull Hsg, Idea, NALCO and Sun TV

Stocks added: Amara Raja Batteries, Escorts and NALCO  

Stocks out of ban: Bank of Baroda and IRCTC

FII/DII Activity**

In the cash market, FIIs were net buyers for ₹512 crore while DIIs were net sellers for ₹1,703 crore. In the Derivatives market, FIIs sold index futures worth ₹506 crore while they sold Index options worth ₹1,401 crore. For stocks, they sold stock futures worth ₹1,321 crore and bought stock options worth ₹153 crore.

Index Action

Nifty50

Yesterday, Nifty50 registered its 7th consecutive positive closing at 18,477, up by 138 points.  

India VIX climbed up to 17.2 levels indicating high volatility in the coming days. 

In the October monthly series call options, significant additions were seen at 18,500 and 19,000 and 18,000 and 17,500 put options. Further additions were also seen at 18,600 call options and 18,300 put options. 

The October 21 weekly options continue to add to their significant positions at 18,500 and 18,600 call options and 18,500 and 18,300 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 18,300 and 18,600 respectively.

Bank Nifty

Bank Nifty came within striking distance of 40,000 as it touched a high of 39,947 and later saw profit-booking at higher levels and closed at 39,684, up by 343 points. 

The October monthly series options have significant positions at 39,500 and 40,000 call options and 38,000 and 39,000 put options. 

For October 21 weekly expiry, significant positions were added at 39,800 and 40,000 call options and 39,000 and 39,500 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 40,000. 

*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.