Global Markets Update
SGX Nifty is trading down by 97 points. Major Asian markets are trading in the red with Nikkei trading lower by nearly 2% and Hang Seng trading lower by 1.6%.
European markets closed higher in the range of 0.2% to 0.5%, US markets were shut on account of the Thanksgiving holiday.
Stock Action
Long build-up was seen in stocks like Chambal Fertiliser, Vodafone Idea, Zee Entertainment, PI Industries and ABFRL.
Short build-up was seen in stocks like Siemens, IndusInd Bank, Ipca Labs, CONCOR and Hero Motocorp.
F&O stocks in ban
Stocks in ban: -
Stocks added: -
Stocks out of ban: Escorts and Indiabulls Housing Finance
FII/DII Activity**
In the cash market, FIIs were net sellers of ₹2,300 crore while DIIs were net buyers of ₹1,367 crore. In the derivatives market, FIIs bought index futures worth ₹597 crore and bought index options worth ₹5,413 crore. Further, they bought futures worth ₹1,482 crore and bought stock options worth ₹653 crore.
Index Action
Nifty50
Nifty50 had a negative start but managed to climb up into the positive territory and close in the green. It closed 121 points higher at 17,536.
India VIX slipped 2.5% to 16.66 levels. It needs to cool further for the market’s smooth ride to continue.
Nifty50 monthly options expiring on December 30 are scattered and have sizable positions at 18,000 and 19,000 call options and 17,000 and 17,500 put options.
Nifty50 weekly options expiring on December 2 have sizable positions at 17,500 and 17,600 call options and 17,500 and 17,400 put options.
Options data suggests a broad range for Nifty50 between 17,000 and 18,700 levels. It has immediate support at 17,200 and resistance at 17,850 levels.
Bank Nifty
Bank Nifty had a muted expiry yesterday as it traded in a tight range yesterday and closed lower. It closed 77 points lower at 37,364.
Bank Nifty monthly options expiring on December 30 are also scattered and have sizable positions at 38,000 and 39,000 call options and 36,000 and 37,500 put options.
Bank Nifty weekly options expiring on December 2 have sizable positions at 37,500 and 38,000 call options and 37,000 and 36,000 put options.
Options data suggests a range for Bank Nifty between 36,000 and 38,800. It has immediate support at 36,700 and resistance at 37,850 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.