Global Markets Update
SGX Nifty is trading in the green, up by 60 points as investors monitor the Russia-Ukraine crisis and related sanctions. Major Asian markets are trading mixed. Japan's Nikkei is up 0.4% (7 am), and Hong Kong's Hang Seng is down 0.7%(7 am).
European markets closed higher in the range of 3.5% to 3.9%. The U.S. markets rebounded for the second consecutive day. The Dow Jones jumped 2.5% and registered its highest daily percentage gain since November 2020, while NASDAQ closed 1.6% higher.
Stock Action
Long build-up was seen in Havells, Trent, Dalmia Bharat, Mindtree and SRF.
Short build-up was seen in Nippon Life, Britannia and Metropolis.
F&O stocks in ban
Stocks in ban:
Stocks added:
Stocks out of ban:
FII/DII Activity**
In the cash market, FIIs were net sellers of ₹4,470 crore, while DIIs were net buyers of ₹4,318 crore. In the derivatives market, FIIs bought index futures worth ₹3,554 crore and sold index options worth ₹2,752 crore. Further, they bought stock futures worth ₹3,100 crore and sold stock options worth ₹244 crore.
Index Action
Nifty50
On Friday, the Nifty50 ended the seven-day losing streak with a sharp rebound. It was a secular rally with gains across sectors, with Metals and Financials rising the most. The Nifty50 climbed 410 points to 16,658.
The India VIX dropped 16.39% to 26.74.
The Nifty50’s monthly options expiring on March 31 are scattered and have sizable positions at 17,000 and 18,000 call options and 16,500 and 16,000 put options.
The Nifty50’s weekly options expiring on March 3 have sizable positions at 17,000 and 16,700 call options and 16,500 and 16,600 put options.
As per options data, the broad range for the Nifty50 is between 15,600 and 17,800 levels. Its immediate support is at 16,300 and resistance is at 17,100 levels.
Bank Nifty
On Friday, the Bank Nifty jumped 3.4% and crossed the 36,500 mark but failed to hold on to gains. The PSU and private bank indices closed higher with 4.7% and 3.8% gains, respectively. The Bank Nifty rose 1,202 points to 36,430.
The Bank Nifty’s monthly options expiring on March 31 are scattered and have sizable positions at 38,000 and 37,500 call options and 36,000 and 35,000 put options.
The Bank Nifty’s weekly options expiring on March 3 have sizable positions at 37,000 and 37,500 call options and 36,000 and 35,000 put options.
As per options data, the broad range for the Bank Nifty, is between 34,500 and 38,300 levels. Its immediate support is at 35,600 and resistance is at 37,400 levels.