Global Markets Update
SGX Nifty is trading up by 117 points at 17,670. Most of the Asian markets are trading in the green in the range of 0.5% to 2% Yesterday, major European indices closed in the green, up by more than 1%. The US markets closed in the green, DOW Jones and Nasdaq both closed 1% higher.
Index Action
Nifty50
Yesterday, Nifty50 was in a narrow range of 86 points and closed 15 points down at 17,546.
Today is the weekly options expiry for Nifty50 and Bank Nifty. For Nifty50 weekly options, 17,600 and 17,800 call options have a high open interest base, whereas the 17,500 and 17, 200 options have a high base.
For monthly options, 17,500 and 17,700 call options have a high open interest base and 17,500 and 17,000 have high put options base.
Options data suggests an immediate range of 17,500 to 17,600 and a broad range of 17,000 to 17,700.
Bank Nifty
Bank Nifty continued its downward trend with yet another negative closing. It was down by 291 points at 36,944.
For Bank Nifty weekly options, 37,000 and 37,500 call option have big open interest bases and 37,000 and 36,500 put options have a big open interest bases.
It’s monthly call options have the highest bases at 37,000 and 38,000 while its put options have the highest bases at 37,000 and 36,000.
Options data suggests that the immediate range for Bank Nifty can be 36,500 to 37,500 and the broad range to 36,000 to 38,000.
Stock Action
Long Build-up was seen in stocks like Apollo Tyres, Alembic Pharma., Strides Pharma, Balkrishna Ind. and Aditya Birla Fashion
Short Build-up was seen in stocks like Metropolis Healthcare, MGL, Godrej Consumer, PI Industries and HDFC
F&O Stocks in Ban
Stocks in Ban: Escorts, Indiabulls Hsg., Idea, IRCTC, PNB, Sun TV
Stocks added: Escorts
Stocks out of ban: -
FII/DII Activity:**
FIIs were net sellers for ₹1,943 crores while DIIs were net buyer’s for ₹1,850 crores in the cash segment. In the Derivatives market, FIIs sold index futures worth ₹958 crores while they bought Index options worth ₹3,205 crores. For stocks, they bought stock futures worth 1,528 crores and sold stock options worth ₹0.91 crores
*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 decrease in Open Interest (OI) along with decrease in price.
**Source: nseindia.com. Cash market figures are provisional.