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F&O Morning Update for 21 April 2022

Global Markets Update

SGX Nifty is trading higher, up by 98 points. Major Asian markets are trading mixed. Japan’s Nikkei is up 0.8% (7 am) and Hong Kong’s Hang Seng index declined 0.7%(7 am).

The U.S. markets had a mixed closing as the sell-off in tech stocks resumed after a day's respite. The Dow Jones rose 0.7%, and the Nasdaq fell 1.2%. The European markets closed positive in the range of 0.3% to 1.4%.


Stock Action

Long build-up was seen in ACC, Marico, HDFC Bank, Ipca Labs and Berger Paints.

Short build-up was seen in Persistent, LTI, Canara Bank, HDFC AMC and Larsen & Toubro.


F&O stocks in ban

Stocks in ban: Tata Power

Stocks added:

Stocks out of ban:


FII/DII Activity**

In the cash market, FIIs were net sellers of ₹3,009 crore, while DIIs were net buyers of ₹2,645 crore. In the derivatives market, FIIs bought index futures worth ₹122 crore and bought index options worth ₹619 crore. Further, they bought stock futures worth ₹1,666 crore and bought stock options worth ₹385 crore.


Index Action

Nifty50

The Nifty50 held onto its opening gains and broke its five-day losing streak. Backed by Reliance, auto, and technology stocks, the Nifty50 marched higher and ended the session at 17,136, with a net gain of 177 points.

The India VIX dropped 5.5% to 18.67.

The Nifty50’s monthly options expiring on April 28 have sizable positions at 17,500 and 18,000 call options and 17,000 and 16,500 put options.

The Nifty50’s weekly options expiring on April 21 have sizable positions at 17,200 and 17,500 call options and 17,000 and 16,800 put options.

As per options data, the broad range for the Nifty50 is between 16,300 and 18,000 levels. Its immediate support is at 16,800 and resistance is at 17,400 levels.

Bank Nifty

The Bank Nifty ended a volatile day with modest losses. Among the heavyweights, HDFC Bank edged higher, while ICICI Bank and SBI ended the session lower. With a negative breadth of 7 declines to 5 advances, the Bank Nifty fell 26 points to 36,314.

The Bank Nifty’s monthly options expiring on April 28 have sizable positions at 37,000 and 38,000 call options and 36,000 and 35,000 put options.

The Bank Nifty’s weekly options expiring on April 21 have sizable positions at 37,000 and 36,500 call options and 36,000 and 36,500 put options.

As per the options data, the broad range for the Bank Nifty is between 35,200 and 38,000 levels. Its immediate support is at 35,900 and resistance is at 37,000 levels.

Categories: F&O