SGX Nifty is trading up by 6 points. Major Asian markets are trading in the red, with Nikkei trading down by nearly 0.8% and Hang Seng trading down by 0.5%.
European markets closed flat to positive in the range of -0.06% to +0.7%. US markets closed in green near day's high. Dow Jones closed nearly 0.7% higher, and NASDAQ closed almost 1.4% up.
Stock Action
Long Build-up was seen in stocks like India Cements, L&T and L&T Infotech.
Short Build-up was seen in stocks like Adani Enterprises, PNB, Coal India, SAIL and Deepak Nitrite.
F&O Stocks in Ban:
Stocks in Ban: -
Stocks added: -
Stocks out of ban: Canara Bank, Indiabulls Housing, NMDC and Sun TV
FII/DII Activity**
FIIs were net sellers for ₹3,818 crore in the cash market, while DIIs were net buyers for ₹836 crore. In the Derivatives market, FIIs sold index futures worth ₹1,129 crore while they sold Index options worth ₹1,084 crores. They sold stock futures worth ₹1,381 crore and bought stock options worth ₹763 crore.
Index Action
Nifty50
Markets were in the grip of bears as selling was seen across all sectors, and the Nifty50 slumped 353 points to close at 17,857.
India VIX shot up to 17.91.
Nifty's November monthly series data is scattered and shows sizable positions at 19,000 and 18,500 call options and 17,500 and 18,000 put options.
For weekly expiry (November 3), Nifty has sizable positions at 18,000 and 18,300 call options and 18,000 and 17,500 put options.
Options data suggests a broad range for Nifty50 at 17,000 and 18,500 levels. Its immediate support is at 17,600, and resistance is at 18,100 levels.
Bank Nifty
Bank Nifty plummeted to a low of 39,350 and closed 1,365 points lower at 39,508.
Bank Nifty's November monthly series data shows sizable positions at 41,500 and 41,000 call options and 39,000 and 38,000 put options.
For weekly expiry (November 3), Bank Nifty has sizable positions at 41,000 and 40,500 call options and 40,000 and 39,500 put options.
Options data suggests a broad range for Bank Nifty between 38,000 and 41,500 levels. Its Immediate support is at 39,000, and resistance is at 40,200 levels.
*In Futures and Options or F&O, Long build-up means an increase in Open Interest (OI) along with the increase in price and Short build-up means an increase in Open Interest (OI) and decrease in price.
**Source: nseindia.com. Cash market figures are provisional