Traders Watchlist: Top 12 data points to know before market opening bell on Monday

[ad_1]

The Indian markets closed in the red for the fourth consecutive day in a row on Friday. The S&P BSE Sensex slipped over 100 points, while the Nifty50 ended above 18100 levels.

Sectorally, the selling pressure was visible in information and technology, metal, FMCG and Pharma indices, while buying interest was seen in the banks, financial service, and realty stocks.

See Zee Business Live TV Streaming Below:

Chandan Taparia Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited said, “Nifty opened positive but failed to hold above 18300 and cascaded down to 18034 levels. Weakness swept across the floor except Banking stocks and closed with losses near 60 points.”

He added, “It formed a Bearish candle on daily scale and is forming lower lows from the last four sessions. It formed a Bearish candle on weekly frame but has been forming higher lows from the last twelve weeks in a row.”

“Now it has to cross and hold above 18150 levels, to witness an up move towards 18300 and 18450 zones while on the downside support exists at 18000 and 17947 marks.Here is a list of 12 data points that will help you in making a profitable trade,” Taparia added.

Here is a list of 12 data points that will help you in making a profitable trade

Key support & resistance levels for Nifty50:

The Nifty50 closed 0.35 percent lower at 18,114.90. Key Pivot points (Fibonacci) support for the index is placed at 18047.55, 17981.49, as well as 17874.57 while resistance is placed at 18261.39, 18327.44, and 18434.37.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.73 per cent higher at 40,323.65. Key Pivot points (Fibonacci) support for the index is placed at 40186.3, 40082.98, as well as 39915.74 while resistance is placed at 40520.77, 40624.09, and 40791.33.

Gross Open Interest:

Open Interest means the number of contracts open or outstanding in futures trading in NSE at any one time. One seller and one buyer together create one contract.

Here the gross values of Open Interest Positions taken by the four participants namely Client are Clients are the retail individual investors who invest in the derivatives instruments, DIIs are domestic individual investors, FIIs are foreign institutional investors and Pro are the proprietors and brokerage firms who trade on their own behalf.

Options Data:

On Option front, Maximum Put OI is at 17500 followed by 18000 strike while maximum Call OI is at 18200 followed by 18500 strike. Call writing is seen at 18300 then 18200 strike while minor Put writing is seen at 18000 then 17500 strike.

“Option data suggests an immediate trading range in between 17900 to 18400 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

7 Stock seeing new Long Positions:

If price increases and open interest increases, then participants are having more of long positions.

11 stock witnessing Long Cover:

If the price decreases and open interest decreases, then participants are long covering their contracts.

18 stocks witnessing short positions:

If price decreases and open interest increases, then participants are having more of short positions.

06 stock witnessing short covering:

If the price increases and open interest decreases, then Participants are short covering their contracts.

FII Activity:

Foreign portfolio investors (FPIs) remained net sellers for Rs 2697.7 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1029.97 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Moksh Ornaments Limited: Padmavati Investment bought 5,00,000 equity shares in the company at the weighted average price Rs 34.98 per share on the NSE, the bulk deals data showed.

Sical Logistics: Axis Bank sold 4,73,535 equity shares in the company at the weighted average price Rs 17.06 per share on the NSE, the bulk deals data showed.

Univastu India Limited: Nirman Commodities Private Limited sold 78,000 equity shares in the company at the weighted average price Rs 61.95 per share on the NSE, the bulk deals data showed.

Ajooni Biotech Limited: Pritika Auto Industries sold 1,44,400 equity shares in the company at the weighted average price Rs 61 per share on the NSE, the bulk deals data showed.

 

Stocks under F&O ban on NSE

Six stocks – Escorts, Indiabulls Housing Finance, Idea, IEX, PNB and SAIL – are under the F&O ban. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

 

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)



[ad_2]

Source link

Leave a comment

Your email address will not be published. Required fields are marked *

15 + eight =

×