Global Markets Update
The SGX Nifty is trading in the red, down by 14 points. Major Asian markets are trading lower. In Japan, the Nikkei fell 1.1% and Hong Kong’s Hang Seng index dipped 0.4% at 7 am India time.
On Friday, the US markets recovered from the lows and ended mixed. The Dow Jones fell 0.1%, while the Nasdaq climbed 1.4%. European markets also had a mixed closing in the range of -0.4% to +0.6%.
Stock Action
Long build-up was seen in Hindustan Aeronautics Ltd, REC, Sun TV, Shriram Transport Finance and Bharat Electronics.
Short build-up was seen in Wipro, Titan, Mphasis, Escorts and Birlasoft.
F&O stocks in ban
Stocks in ban: Delta Corp, Indiabulls Housing Finance and RBL Bank
Stocks added:
Stocks out of ban:
FII/DII Activity**
In the cash market, FIIs were net sellers of ₹7,818 crore, while DIIs were net buyers of ₹6,086 crore. In the derivatives market, FIIs bought index futures worth ₹411 crore and bought index options worth ₹2,290 crore. Further, they bought stock futures worth ₹52 crore and bought stock options worth ₹347 crore.
Index Action
Nifty50
On Friday, the Nifty50 rebounded from the opening lows but ended the day in the red. Pharma, IT and oil & gas stocks dragged the index lower, while financials and metal stocks provided support. The Nifty50 fell 67 points and closed at 15,293.
The India VIX slipped 0.5% to 22.76.
The Nifty50’s options contracts expiring on 30 June have sizable positions at 16,000 and 16,500 call options and 15,000 and 14,500 put options.
The Nifty50’s options contracts expiring on 23 June have sizable positions at 15,700 and 15,500 call options and 15,000 and 15,300 put options.
As per options data, the broad range for the Nifty50 is between 14,600 and 16,000 levels. Its immediate support is at 15,100 and resistance is at 15,600 levels.
Bank Nifty
The Bank Nifty bounced from 32,300 levels and ended the day 1.2% higher. Gains in heavyweights ICICI Bank and HDFC Bank pushed the index higher, while losses in Bank of Baroda and SBI capped the upside. The Bank Nifty climbed 125 points and closed at 32,743.
The Bank Nifty’s options contracts expiring on 30 June have sizable positions at 35,000 and 34,500 call options and 32,000 and 33,000 put options.
The Bank Nifty’s options contracts expiring on 23 June have sizable positions at 33,500 and 34,000 call options and 32,000 and 31,500 put options.
As per the options data, the broad range for the Bank Nifty is between 31,600 and 33,800 levels. Its immediate support is at 32,300 and resistance is at 33,100 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.
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