Global Markets Update
SGX Nifty is trading up by 22 points. Major Asian markets are trading in the green with Nikkei trading up by nearly 0.6% and Hang Seng trading up by nearly 1.5%.
European markets closed flat to positive in the range of 0.0% to 0.2%. US markets also closed in the green with the Dow Jones closing 0.5% higher and the NASDAQ closing 0.7% higher.
Long Build-up was seen in stocks like OFSS, IEX, Page Industries, Coforge and L&T Tech.
Short Build-up was seen in stocks like IRCTC, Ambuja Cements, HUL, Polycab and Bandhan Bank.
F&O Stocks in Ban:
Stocks in Ban: Amara Raja Batteries, BHEL, Escorts, Idea, IRCTC, NALCO, PNB, SAIL and Sun TV
Stocks added: IRCTC, PNB and SAIL
Stocks out of ban: -
FII/DII Activity**
In the cash market, FIIs were net sellers for ₹505 crore while DIIs were net sellers for ₹2,578 crore. In the Derivatives market, FIIs bought index futures worth ₹1,770 crore while they bought index options worth ₹772 crore. For stocks, they sold stock futures worth ₹2,147 crore and bought stock options worth ₹180 crore.
Index Action
Nifty50
After 7 consecutive positive closings, Nifty50 saw profit-booking yesterday in the last hour of trade. It closed down by 58 points at 18,418.
India VIX inched up to 17.3 levels.
The October monthly series options have sizable positions at 18,500 and 19,000 call options and 18,000 and 18,500 put options. Further additions were also seen at 18,600 call options and 18,400 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.
As per the options data, the broad range for Nifty50 stands between 17,850 and 19,000 levels and its immediate support and resistance levels are 18,300 and 18,600 respectively.
Bank Nifty
Bank Nifty also saw profit-booking yesterday and closed 144 points lower at 39,540.
The October monthly series options have significant positions at 39,500 and 40,000 call options and 38,000 and 38,500 put options.
For October 21 weekly options expiry, significant positions were added at 39,800 and 40,000 call options and 39,000 and 39,500 put options
As per the options data, the broad range for Bank Nifty stands between 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