F&O Morning Update for 20 May 2022

Blog | F&O

Global Markets Update

The SGX Nifty is trading in the green, up by 198 points. Major Asian markets are trading higher. In Japan, the Nikkei rose 0.8% and Hong Kong’s Hang Seng index climbed 1.9% at 7 am India time.

The US markets ended lower amid looming recession concerns. The Dow Jones dropped 0.7%, while the Nasdaq fell 0.2%. European markets closed lower in the range of 0.8% to 1.8%.  


Stock Action

Long build-up was seen in Dr.Reddy’s, PI Industries, Abbott India, Apollo Tyres and Ambuja Cements. 

Short build-up was seen in HDFC AMC, HPCL, Britannia, TCS and Manappuram. 

Major companies announcing results today are Indiabulls Housing Finance, IDFC, NTPC and Zydus Lifesciences. 


F&O stocks in ban

Stocks in ban: Delta Corp, GNFC, Indiabulls Housing Finance and PNB

Stocks added: 

Stocks out of ban: 


FII/DII Activity**

In the cash market, FIIs were net sellers of ₹4,899 crore, while DIIs were net buyers of ₹3,225 crore. In the derivatives market, FIIs sold index futures worth ₹920 crore and bought index options worth ₹16,904 crore. Further, they bought stock futures worth ₹43 crore and sold stock options worth ₹22 crore.


Index Action

Nifty50

The Nifty50 came in complete grip of the bears and briefly slipped below the 15,800-mark. On Thursday, the tech stocks witnessed heavy selling pressure, and heavyweights TCS and Infosys dropped more than 5%. With rising inflation concerns and aggressive rate hikes globally, the Nifty50 tumbled 430 points and closed at 15,809.

The India VIX climbed 10.1% to 24.55.

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

As per options data, the broad range for the Nifty50 is between 15,100 and 16,600 levels. Its immediate support is at 15,600 and resistance is at 16,100 levels.

Bank Nifty 

The Bank Nifty fell 2.5% and ended just above the 33,300-mark. All the 12 stocks of the index closed in the red, with Bandhan Bank and IndusInd Bank declining the most. The Bank Nifty plunged 848 points and closed the day at 33,315.

The Bank Nifty’s options contracts expiring on 26 May have sizable positions at 35,000 and 34,000 call options and 32,000 and 33,000 put options. 

As per the options data, the broad range for the Bank Nifty is between 32,500 and 34,800 levels. Its immediate support is at 32,900 and resistance is at 33,900 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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