Global Markets Update
SGX Nifty is trading up by 41 points. Major Asian markets are trading in the red, with Nikkei trading down by nearly 0.4% and Hang Seng trading down by almost 0.3%.
European markets saw a mixed closing in the range of -0.2% to +1%. US markets also closed in the green near their day's high as Dow Jones was up nearly 0.4% and NASDAQ was up nearly 0.3%
Stock Action:
Long build-up was seen in stocks like Trent, ABFRL, Bata India, DLF and TVS Motors.
Short build-up was seen in stocks like Whirlpool, PI Industries, M&M, Info Edge and Aarti Industries.
F&O stocks in ban:
Stocks in ban: Escorts and PNB
Stocks added: -
Stocks out of ban: -
FII/DII Activity**
In the cash market, FIIs were net buyers of ₹244 crore while DIIs were net sellers of ₹6 crore. In the derivatives market, FIIs sold index futures worth ₹1,527 crore while they sold Index options worth ₹515 crore. Further, they sold stock futures worth ₹396 crore and sold stock options worth ₹275 crore.
Index Action
Nifty50
Nifty50 saw selling pressure at higher levels and closed 40 points lower at 17,888.
India VIX slipped 1% to 17.06 levels.
Nifty50 monthly options expiring on November 25 have sizable positions at 18,000 and 19,000 call options and 17,000 and 17,500 put options.
Nifty50 November 3 weekly series options have sizable positions at 18,000 and 18,200 call options and 17,800 and 17,500 put options. Additions were seen at 18,000 call options and 17,700 put options.
Options data suggests a broad range for Nifty50 at 17,200 and 18,500 levels and its immediate support at 17,600 and resistance at 18,200 levels.
Bank Nifty
Bank Nifty saw a sharp drop from the day’s high of 40,100 levels but managed to close comfortably in the green at 39,938, up by 174 points.
Bank Nifty monthly options expiring on November 25 have sizable positions at 40,000 and 41,000 call options and 39,000 and 40,000 put options.
Bank Nifty November 3, weekly series options have sizable positions at 40,000 and 41,000 call options and 39,500 and 39,000 put options. Additions were seen at 40,100 call options and 39,500 put options.
Options data suggests a range for Bank Nifty as 38,000 and 41,500. It has immediate support at 39,200 and resistance at 40,200 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.