Global Markets Update
The SGX Nifty is trading in the green, up by 73 points. Major Asian markets are also trading higher. In Japan, the Nikkei rose 0.6% and Hong Kong’s Hang Seng index jumped 1.1% at 7 am India time.
The US markets closed the choppy session higher, led by tech and health care stocks. The Dow Jones rose 0.6%, while the Nasdaq climbed 1.6%. European markets ended lower in the range of 0.5% to 1.7%.
Stock Action
Long build-up was seen in Bosch, Mahindra & Mahindra, Hero MotoCorp, ABB and Bata India.
Short build-up was seen in Oberoi Realty, Apollo Tyres, NALCO, GAIL and Marico.
F&O stocks in ban
Stocks in ban: Delta Corp, Indiabulls Housing Finance, RBL Bank and Sun TV
Stocks added: Delta Corp
Stocks out of ban:
FII/DII Activity**
In the cash market, FIIs were net sellers of ₹2,319 crore, while DIIs were net buyers of ₹2,438 crore. In the derivatives market, FIIs bought index futures worth ₹853 crore and bought index options worth ₹15,621 crore. Further, they bought stock futures worth ₹1,701 crore and bought stock options worth ₹84 crore.
Index Action
Nifty50
Amid high volatility, the Nifty50 finished weekly futures and options expiry 0.9% higher, led by gains in auto and IT stocks. The Nifty50 rose 143 points and closed the session at 15,556. Except Oil & Gas, all the major sectoral indices of the Nifty50 closed in the green.
The India VIX slipped 1.9% to 20.88.
The Nifty50’s options contracts expiring on 30 June have sizable positions at 16,000 and 15,700 call options and 15,500 and 15,200 put options.
As per options data, the broad range for the Nifty50 is between 14,900 and 16,400 levels. Its immediate support is at 15,350 and resistance is at 15,750 levels.
Bank Nifty
After witnessing sharp moves on both sides of the trade, the Bank Nifty ended the volatile session 0.8% higher. Except Bandhan Bank and Punjab National Bank, all the other ten stocks of the banking index closed in the green. The Bank Nifty ended the day 289 points higher at 33,135.
The Bank Nifty’s options contracts expiring on 30 June have sizable positions at 34,000 and 33,500 call options and 33,000 and 32,000 put options.
As per the options data, the broad range for the Bank Nifty is between 31,800 and 34,200 levels. Its immediate support is at 32,600 and resistance is at 33,500 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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