Check sgxnifty before market opens to get a sense of morning sentiments.
Nifty traded flat on November 18 and closed in the red at 18307.70(-0.20%), Nifty bank also closed in the red at 42437.40 (-0.05%). Sensex closed in the red at 61663.48(-0.14%).
India vix closed at 14.39 on last trading session.
Dii were net buyers at 890.45 crore while FII/FPI were net sellers at -751.20 on Friday (November 18).
Key events:
China will announce Loan Prime Rate for 1 year and 5 years on November 21.
Consumer Confidence Index (CCI) for the EU and euro-area aggregates. November month’s CCI will be pubished on Novmeber 22.
Purchasing managers indexes (PMIs) readings from the UK, the US and the Eurozone for the month of November will be out on November 23. Flash PMI is considered to be a very leading indicator of economic health.
FOMC Minutes and new home purchase data on November 23.
India’s foreign exchange reserves as of November 18 on November 25.
Japans manufacturing and services PMI flash to be released on November 24.
Ipo’s:
Shares of Archean Chemical Industries and Five Star Business Finance will list on November 21.
Kaynes Technology may list on November 22.
Inox Green Energy Services may list on November 23.
Keystone Realtors listing likely on November 24.
Option data:
Option data indicated that in the immediate term the Nifty50 may trade in the range of 18,000-18,500 levels.
Maximum Call OI at 18,400, which could act as a near term resistance for the index, followed by 19,000 and 18,500 strikes, with Call writing at 18,400 strike then 18,300 strike.
On the Put side, the maximum open interest was seen at 18,300 strike, indicating immediate support for the Nifty50, followed by 18,000 strike, with writing at 18,300 strike then 17,900 strike.
F&O ban:
Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals, Indiabulls Housing Finance, Bhel, Balrampur Chini Mills Punjab National Bank, and Sun TV Network are on F&O ban for November 21.