Nifty Mid-Day Update: Flat Markets erode Option Premiums in 1st half of Trading

Mid-Day Update:- Flat Markets erode Option Premiums in 1st half of Trading: Nifty50 Open- 9213.95, High-9281.1, Low-9188.25 and Last 9216. The market is extremely Flat as of 1 PM and doesn’t look nice on a Weekly Expiry Day. We may look at sudden spikes and Nifty 9244, 9276 are critical Resistance levels while 9186 and 9141 are Critical Supports which can see another 50 point swing in Nifty. 

On BankNifty we have 19360, 19450 and 19545 as critical Resistance and 19048, 18950 and 19860 are Critical Supports. Top Gainers from Nifty100 are GodrejCP, Cadila, McDowell, Infratel, BajFinance and HeroMotoCo. Top Losers are TechM, INFY, ICICIGI, Hindalco and GAIL. Volume spurt seen in ADFFoods, BGREnergy, HIL and Hatsun.

Railways cancel regular ticket bookings till 30th June, FM to address after 4 PM which needs to be closely watched for. Except for Midcap Index, all other Indices are in Red and in Sectoral Index we have all in red except Auto, FMCG and Pharma. We have 1975 unchanged, 911 advances and 1213 declines in BSE. Fresh Buy is seen in AdaniPower, BHEL, TataPower while selling in KVB, BharatSynamics, Himadri. Stay tuned with us for more updates.