Global Markets Update
SGX Nifty is trading up by 31 points. Major Asian markets are trading mixed with Nikkei trading down by nearly 0.4% and Hang Seng trading up by almost 1.5%.
European markets saw strong buying yesterday and closed higher in the range of 0.7% to 0.9%. US markets also closed in the green as Dow Jones was up nearly 0.3% and NASDAQ was up nearly 0.6%
Stock Action:
Long Build-up was seen in stocks like GSPL, Sun TV, SAIL, Delta Corp and Dixon Technologies.
Short Build-up was seen in stocks like Whirlpool, UPL, Laurus Labs, Manappuram Finance and Escorts.
F&O Stocks in Ban:
Stocks in Ban: Escorts and PNB
Stocks added: Escorts
Stocks out of ban: -
FII/DII Activity**
In the cash market, FIIs were net sellers for ₹202 crore while DIIs were net buyers for ₹116 crores. In the Derivatives market, FIIs bought index futures worth ₹58 crore while they bought Index options worth ₹3,371 crore. For stocks, they sold stock futures worth ₹502 crore and sold stock options worth ₹1,017 crore.
Index Action
Nifty50
Nifty50 surged and closed near day’s high as buying was seen across all major sectors. Nifty50 closed 258 points higher at 17,929.
India VIX slipped 1% to 17.2 levels.
Nifty50 monthly options expiring on November 25 have sizable positions at 18,000 and 18,500 call options and 17,000 and 17,500 put options.
Nifty50 November 3, weekly series options have sizable positions at 18,000 and 18,200 call options and 17,800 and 17,700 put options. Additions were seen at 18,000 call options and 17,800 put options.
Options data suggests a broad range for Nifty50 at 17,200 and 18,500 levels and its immediate support at 17,600 and resistance at 18,200 levels.
Bank Nifty
Bank Nifty crossed the 39,500 levels comfortably yesterday and closed at 39,763, up by 648 points.
Bank Nifty monthly options expiring on November 25 have sizable positions at 40,500 and 41,000 call options and 39,000 and 39,500 put options.
Bank Nifty November 3, weekly series options have sizable positions at 41,000 and 40,000 call options and 39,500 and 39,000 put options. Additions were seen at 39,800 call options and 39,500 put options.
Options data suggests a range for Bank Nifty as 38,000 and 41,500. It’s Immediate support at 39,000 and resistance at 40,200 levels.
*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.