Pre-Opening Commentary: Bank Nifty expected to be volatile ahead of weekly expire

India Infoline News Service | Mumbai | October 05, 2017 08:43 IST

SGX Nifty indicating a negative opening for the Indian markets.

SGX Nifty indicating a negative opening for the Indian markets.

Global markets
US: Stocks turned in a relatively lackluster performance during trading on Wednesday but managed to end the day modestly higher. The Dow edged up 0.1% to 22,661.64, the Nasdaq crept up 2.91 points to 6,534.63 and the S&P 500 inched up 3.16 points to 2,537.74.

The modestly higher close on Wall Street reflected recent upward momentum, which has helped to propel stocks higher over the past several sessions.
Europe closed mixed yesterday with FTSE down 0.01%, CAC down 0.08%, DAX up 0.52%.

FII /DII Data:
In the cash market today, FII’s sold 632 crores stock whereas DII’s bought 584 crores worth of stock. In the derivative market, FII’s bought 801 crores of Index futures and sold 187  crores worth of Index options.

In the stock futures segment, FII’s bought 1169 crores worth of stock futures and bought 49 crores stock options.

Support / Resistance: Intraday
Nifty: 9914
S1 - 9840 S2-9800
R1 - 9965              R2 -10020
 
Support / Resistance: Intraday
Bank Nifty: 24113
S1 - 24000 S2-23800
R1 - 24230 R2 -24380

Nifty Highest Open Interest:
Call: 10000 / Put: 9700
Bank Nifty Highest Open interest: (5th Oct 2017 Expiry)
Call: 24500 / Put: 24000
India Vix: 11.8
Securities in Ban Period: IBREALEST, JSWENERGY, JPASSOCIAT
 

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