After a solid session of trade on Friday, markets and the Nifty today will specifically find resistance at 22,120 and 22,222 levels respectively according to technical experts. The markets are likely to scale new record highs in trade today. The action in the markets today will largely be stock specific amid lack of any fresh triggers.
F&O cues to watch today: The Foreign Institutional Investors net sold shares worth Rs 5,497 crore in Index Options on Friday, while they bought Rs 1,259 crore in stock futures on Friday.
Stocks in F&O ban today:
New in F&O ban
NALCO (NATIONALUM)
Out of F&O Ban
BIOCON
Already in F&O ban
ABFRL, ASHOKLEY, BANDHANBNK, BALRAMCHIN, CANBK, DELTACORP, HINDCOPPER, INDIACEM, INDUS TOWER, SAIL, ZEEL
Om Mehra of Samco Securities, says, “Technically, a substantial support is identified at the 21,650 level while resistance levels are set at 22,222 and 22,350. In broader indices the midcap segment showcases a robust recovery particularly in Auto, PSE, IT, and PSU banking stocks.”
