Global Markets Update
SGX Nifty is trading up by 37 points. Major Asian markets are trading mixed with Nikkei trading lower by 0.7% and Hang Seng trading higher by 0.1%.
European markets closed mixed in the range of -1.1% to +0.1%, US markets too had a mixed closing. Dow Jones closed up by 0.5% and NASDAQ closed down by 0.5%.
Stock Action
Long build-up was seen in stocks like Birlasoft, Indiabulls Housing Finance, Glenmark Pharma, NALCO and Reliance Industries.
Short build-up was seen in stocks like Dr. Lal Pathlabs, IndusInd Bank, Info Edge, Sun TV and Infosys.
F&O stocks in ban
Stocks in ban: Escorts and Idea
Stocks added: -
Stocks out of ban: -
FII/DII Activity**
In the cash market, FIIs were net sellers of ₹4,477 crore while DIIs were net buyers of ₹1,412 crore. In the derivatives market, FIIs bought index futures worth ₹297 crore and index options worth ₹812 crore. Further, they bought futures worth ₹3,269 crore and sold stock options worth ₹80 crore.
Index Action
Nifty50
After four consecutive negative closings Nifty50 provided relief for the bulls as it closed in the green. It closed 86 points higher at 17,503.
India VIX rose 2.83% to 18.01 levels.
Nifty50 options expiring on November 25 have sizable positions at 18,000 and 17,800 call options and 17,000 and 17,500 put options. Further additions were seen at 17,650 call options and at 17,500 put options.
Options data suggests a broad range for Nifty50 at 17,000 and 18,700 levels and its immediate support at 17,200 and resistance at 18,000 levels.
Bank Nifty
In line with broader markets, Bank Nifty recovered nearly 800 points from the day’s low and managed to close in the positive territory. It closed 144 points higher at 37,272.
Bank Nifty monthly options expiring on November 25 have sizable positions at 38,000 and 37,500 call options and 37,000 and 36,500 put options. Further additions were seen at 37,600 call options and at 37,000 put options.
Options data suggests a range for Bank Nifty as 36,000 and 38,800. It has immediate support at 36,800 and resistance at 37,800 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.