Global Markets Update
SGX Nifty is trading in the red, down by 148 points. Major Asian markets are also trading lower. Japan's Nikkei slipped 1%, while Hong Kong's Hang Seng is down 0.9%.
European markets closed negative in the range of -1.4% to -0.2%. US markets closed lower for the second straight week amid concerns over the Russia-Ukraine conflict. The Dow Jones closed 0.6% lower, while NASDAQ dipped 1.2%.
Stock Action
Long build-up was seen in Coal India, India Cements, Voltas, SBI Life and Atul Ltd.
Short build-up was seen in Ambuja Cements, Motherson Sumi, Syngene, Dixon Technologies and Indiamart.
F&O stocks in ban
Stocks in ban: Escorts, Indiabulls Housing Finance and PNB
Stocks added: PNB
Stocks out of ban:
FII/DII Activity**
In the cash market, FIIs were net sellers of ₹2,529 crore, while DIIs were net buyers of ₹1,929 crore. In the derivatives market, FIIs bought index futures worth ₹729 crore and sold index options worth ₹5,069 crore. Further, they bought stock futures worth ₹483 crore and bought stock options worth ₹27 crore.
Index Action
Nifty50
On Friday, a sharp dip in the last hour of trade dragged the Nifty50 below 17,300. It slipped 28 points to 17,276. Realty and Oil & Gas sectors were the major drags, while Banking and Financials provided support.
The India VIX climbed to 22.16.
The Nifty50’s monthly options expiring on February 24 have sizable positions at 17,500 and 17,300 call options and 17,300 and 17,200 put options. Further additions were seen at both 17,300 call options and put options.
As per options data, the broad range for the Nifty50 is between 16,200 and 18,200 levels. Its immediate support is at 16,900 and resistance is at 17,800 levels.
Bank Nifty
The Bank Nifty held on to the opening gains and managed to end the day in green. It outperformed benchmark indices and closed 67 points higher at 37,599.
The Bank Nifty’s monthly options expiring on February 24 have sizable positions at 38,000 and 38,500 call options and 37,500 and 37,000 put options. Further additions were seen at both 37,500 call options and put options.
As per options data, the broad range for the Bank Nifty, is between 36,300 and 39,900 levels. Its immediate support is at 36,900 and resistance is at 38,500 levels.