Trade setup for 13 September: Amid weak global cues, NIFTY50 closed flat. August retail inflation eases to 6.83%.

Blog | F&O

Asian Markets Update 7 am

Indian equities may start the day flat to negative, as the GIFT Nifty indicates. The futures contract on the NSE International Exchange (NSE IX) is trading 13 (-0.07%) points lower. Its Asian peers are trading mixed. The Nikkei 225 fell 0.2%, while Hang Seng rose 0.5%. 

 US Market Update

US markets ended lower ahead of the inflation data due today. Dow Jones fell 0.05% while NASDAQ slipped 1.0%.

Index Action


September Futures @ 20,037 📈▲0 (+0.0%)
OI Contracts: 2,05,936 (+3.1%)

The Nifty gave up its opening gains and slipped below 20,000. The index rebounded from the 19,900 level but settled marginally lower. Despite the lower closing, the index formed a higher high, higher low candle on the daily charts. Investors will react to the easing domestic inflation data and growing IIP number.

The Nifty50 options expiring on 14 September have significant positions at 20,100 and 20,000 calls and 19,900 and 19,800 puts.

According to options data and OI analysis, the Nifty50 range for the 28th September expiry is between 19,500 and 20,600. On the other hand, 19,800 and 20,200 are this week's immediate support and resistance levels.


September Futures @ 45,625  📉▼72 (-0.1%)
OI Contracts: 1,26,604 (-0.5%)

Bank Nifty moved to a 45,900 level but slipped sharply from a higher level. The index attempted recovery in the second half but settled in red, down by over one-tenth of a per cent.

ICICI Bank (+1.2%) and HDFC Bank (+0.3%) were the top gainers among banking index stocks. Federal Bank (-4.2%) and Bandhan Bank (-4.2%) were the laggards.

The Bank Nifty's options expiring on 13 September have significant positions at the 45,000 and 46,000 calls and 45,000 and 45,500 puts.

According to options data and OI analysis, Bank Nifty's range for the 28th September expiry is between 44,400 and 46,600. On the other hand, 45,200 and 45,800 are the immediate support and resistance levels for this week.

Nifty Financial Services

September Futures @ 20,331  📉▼16 (-0.8%)
OI Contracts: 1,606 (-18.6%)

The FINNITY ended the weekly expiry day flat with a negative bias. The FINNIFTY's options expiring on 12 September have significant positions at the 20,300 and 20,500 calls and 20,300 and 20,000 puts.

According to options data and OI analysis of contracts expiring on 18th September, FINNIFTY's immediate support and resistance levels are at 20,000 and 20,600.

FII and DII Data

In the cash market, the Foreign Institutional Investors (FIIs) sold shares worth ₹1,047 crore, while the Domestic Institutional Investors (DIIs) bought shares worth ₹259 crore. In the derivatives market, FIIs bought index futures worth ₹1,106 crore and bought index options worth ₹27,027 crore. Further, they sold stock futures worth ₹1,322 crore and sold options worth ₹833 crore.

India VIX

The volatility index advanced 3.0% and settled at 11.69. 

Stock Action

Long build-up was seen in L&T, Lupin, Sun Pharma, Infosys and ICICI Bank. 

Short build-up was seen in Laurus Labs, REC, BEL, RBL Bank and Power Grid. 

Under F&O Ban: BHEL, Chambal Fertilisers, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, IEX, India Cements, Manappuram, NALCO and SAIL. 


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