Global Markets Update
The SGX Nifty is trading in the red, down by 25 points. Major Asian markets are also trading in the red. In Japan, the Nikkei dipped 0.8%, and on the other hand, Hong Kong’s Hang Seng index slipped 0.3%.
The European markets closed lower in the range of -0.1% to -1.7%. The US markets had a mixed closing on Friday. The Dow Jones gave up gains and closed 0.06%, while NASDAQ closed 1.5% higher.
Stock Action
Long build-up was seen in Torrent Power, Hindalco, PI Industries, Jindal Steel and Power and NALCO.
Short build-up was seen in Godrej Properties, Lupin, M&M Financial, FSL and Pfizer.
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 ₹2,267 crore while DIIs were net buyers of ₹621 crore. In the derivatives market, FIIs bought index futures worth ₹1,828 crore and bought index options worth ₹877 crore. Further, they sold stock futures worth ₹32 crore and sold stock options worth ₹982 crore.
Index Action
Nifty50
The Nifty50 put a pause on the Budget rally on Friday but ended the week with gains of 2.4%. Realty and PSU Banks were the worst hit sectors while Metals ended higher. The index slipped 43 points to 17,516.
The India VIX slipped 1.3% to 18.89.
The Nifty50’s monthly options expiring on February 24 have sizable positions at 18,000 and 18,500 call options and 16,500 and 17,000 put options.
The Nifty50’s weekly options expiring on February 10 have sizable positions at 17,800 and 18,000 call options and 17,500 and 17,000 put options. Further additions were seen at 17,600 call options and 17,500 put options.
As per the options data, the broad range for the Nifty50 is between 16,600 and 18,600 levels. Its immediate support is at 17,200 and resistance is at 18,000 levels.
Bank Nifty
The Bank Nifty slipped on Friday but ended with gains of nearly 3% for the week. As the profit-booking intensified, the overall breadth of the index remained negative. It closed 220 points lower at 38,789.
The Bank Nifty’s monthly options expiring on February 24 have sizable positions at 39,000 and 40,000 call options and 38,000 and 37,000 put options.
The Bank Nifty’s weekly options expiring on February 10 have sizable positions at 40,000 and 39,500 call options and 38,000 and 38,500 put options. Further additions were seen at 39,000 call options and 38,500 put options.
As per the options data, the broad range for the Bank Nifty is between 37,400 and 40,500 levels. Its immediate support is at 38,000 and resistance is at 39,800 levels.