Global Markets Update
SGX Nifty is trading in the green, up by 15 points. Major Asian markets are trading mixed; Nikkei is down by nearly 0.4% and Hang Seng is up by 0.6%.
European markets had a mixed closing in the range of -0.3% to +0.2%. US markets closed lower on the last day of 2021. Dow Jones fell almost 0.2% and NASDAQ slipped by nearly 0.6%.
Stock Action
Long build-up was seen in Ramco Cements, Bosch, Voltas, ABFRL and ACC.
Short build-up was seen in RBL Bank, City Union Bank and Dixon Technologies.
F&O stocks in ban
Stocks in ban: -.
Stocks added: -
Stocks out of ban: Indiabulls Housing Finance, Vodafone-Idea and RBL Bank
FII/DII Activity**
In the cash market, FIIs were net buyers of ₹575 crore while DIIs were net buyers of ₹1,165 crore. In the derivatives market, FIIs bought index futures worth ₹883 crore and sold index options worth ₹3,237 crore. Further, they bought stock futures worth ₹1,139 crore and sold stock options worth ₹519 crore.
Index Action
Nifty50
Nifty50 opened strong and further consolidated its uptrend. Led by Metal, Auto and Cement stocks, it finished the last trading session of 2021 at 17,354, 150 points higher.
India VIX slipped to 16.22.
Nifty50’s monthly options expiring on January 27 have sizable positions at 18,000 and 17,500 call options and 17,000 and 16,500 put options.
Nifty50’s weekly options expiring on January 6 have sizable positions at 17,500 and 17,300 call options and 17,300 and 17,200 put options. Further additions were seen at 17,500 call options and 17,300 put options.
As per options data, the broad range for Nifty50 is between 16,200 and 17,900 levels. Its immediate support is at 17,000 and resistance is at 17,550 levels.
Bank Nifty
Bank Nifty ended the last session of 2021 on a strong note as it closed 418 points higher at 35,481.
Bank Nifty50’s monthly options expiring on January 27 have sizable positions at 35,500 and 37,000 call options and 35,000 and 34,000 put options.
Bank Nifty’s weekly options expiring on January 6 have sizable positions at 35,500 and 36,000 call options and 35,000 and 34,500 put options. Further additions were seen at 35,500 call options and 35,000 put options.
As per the options data, the broad range for Bank Nifty, is between 34,000 and 36,800 levels. Its immediate support is at 34,600 and resistance is at 35,800 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.