Global Markets Update
SGX Nifty is trading in the green, up by 97 points. Among Asian markets, Japan's Nikkei opened 0.1% lower (7 am), and Hong Kong and China markets are closed for a holiday.
European markets closed higher in the range of 0.3% to 0.7%. U.S. markets moved higher, aided by a rally in tech stocks. The Dow Jones rose 0.3%, and the NASDAQ advanced 1.9%.
Stock Action
Long build-up was seen in Chambal Fertilisers, Syngene International, Gujarat Gas, HAL and Balrampur Chini.
Short build-up was seen in Titan, Infosys and Chola Investments.
F&O stocks in ban
Stocks in ban:
Stocks added:
Stocks out of ban:
FII/DII Activity**
In the cash market, FIIs were net buyers of ₹1,152 crore, while DIIs were net buyers of ₹1,675 crore. In the derivatives market, FIIs bought index futures worth ₹1,441 crore and bought index options worth ₹2,942 crore. Further, they bought stock futures worth ₹157 crore and sold stock options worth ₹150 crore.
Index Action
Nifty50
The Nifty50 started the week on a strong note and surpassed the 18,000 mark. Gains were courtesy to the index heavyweights HDFC Bank (+10%) and HDFC (+9%) as the surprise merger announcement lifted the market sentiment. With 46 out of 50 stocks closing in green, the Nifty50 surged 2.1% to close at 18,053.
The India VIX dropped 2.8% to 17.90.
The Nifty50’s monthly options expiring on April 28 are scattered and have sizable positions at 18,000 and 19,000 call options and 18,000 and 17,500 put options.
The Nifty50’s weekly options expiring on April 7 have sizable positions at 18,500 and 18,000 call options and 17,500 and 18,000 put options.
As per options data, the broad range for the Nifty50 is between 17,000 and 18,900 levels. Its immediate support is at 17,600 and resistance is at 18,400 levels.
Bank Nifty
The Bank Nifty scaled the 38,600 mark and added 4% in the day's trade. Barring Bandhan Bank, all the 11 stocks of the index closed in green, with HDFC Bank and IDFC First Bank leading the pack. The Bank Nifty climbed 1,486 points to close at 38,635.
The Bank Nifty’s monthly options expiring on April 28 are scattered and have sizable positions at 39,000 and 40,000 call options and 37,000 and 36,000 put options.
The Bank Nifty’s monthly options expiring on April 7 have sizable positions at 39,000 and 38,500 call options and 38,000 and 37,000 put options.
As per the options data, the broad range for the Bank Nifty is between 37,200 and 39,600 levels. Its immediate support is at 38,000 and resistance is at 39,300 levels.