Traders Watchlist For Monday: Top 12 Data Points You Need To Know Before The Opening Stock Market Bell
The Indian market had a record close for the second day in a row on Friday amid strong global indices. The S&P BSE Sensex has cleared 60,000 mounts for the first time in history and Nifty50 is 150 points away from hitting 18,000 levels.
At the sector level, selling pressure was visible in metals, consumer goods, public sector banks and media indices, while buying interest was seen in news and marketing. technology as well as in banking and financial stocks.
“Nifty Index has formed a bearish candle on the daily scale but a bullish candle on the weekly scale and continues to form higher highs – higher lows of the past eight weeks. Now it must continue to hold at the above the 17777 zones, for a bullish movement towards the 18000 zones as support is placed at the 17700 and 17500 zones, Motilal Oswal Financial Services Vice President | According to derivatives analyst Chandan Taparia.
He added: “India VIX increased 2.45% from 16.49 to 17 levels. The surge in India VIX over the past few sessions has given a volatile swing and now it needs to cool below 15-14 zones to keep the market going.
Here is a list of 12 data points that will help you make a profitable trade:
Main support and resistance levels for Nifty50:
The Nifty50 closed 0.17% lower at 17,853 on Friday. Support for the index’s key pivotal points (Fibonacci) is placed at 17824, 17794 and 17745 while resistance is placed at 17922, 17952, as well as 18001.
Main support and resistance levels for Nifty Bank:
Nifty Bank closed 0.16% lower at 37,830 on Friday. Support for the index’s key pivotal points (Fibonacci) is placed at 37709, 37606 and 37441 while resistance is placed at 38039.55, 38141.65, as well as 38306.
Gross gross interest:
Open interest refers to the number of open or pending contracts in NSE futures trading at any given time. A seller and a buyer together create a contract.
Here the gross values of the open interest positions taken by the four participants, i.e. clients are clients, are individual retail investors who invest in derivatives, DIIs are domestic individual investors, FIIs are investors Foreign Institutional and Pro are the owners and brokerage firms that trade. in their own name.
“On the options front, the maximum OI Put is at 17000 followed by 17500 strike while the maximum OI Call is at 18000 followed by 18500 strike. The call entry is seen at 18500 then 18000 strike while the write Put is seen at 17,900 strike then 17,800. Options data suggests a wider trading range between 17,500 and 18,000 zones, ”Taparia said.
16 Stocks seeing new long positions:
If the price rises and the open interest rises, then participants have more long positions.
12 actions that show long coverage:
If the price goes down and the open interest goes down, then the participants hedge their contracts for a long time.
17 stocks subject to short positions:
If the price drops and open interest increases, then participants have more short positions.
13 actions showing short coverage:
If the price increases and the open interest decreases, then participants do not hedge their contracts.
FII and DII activity:
Foreign portfolio investors (REITs) remained net buyers for Rs 442.49 crore in Indian markets, while domestic institutional investors (DII) were net sellers at Rs 515.85 crore, according to provisional data released on the NSE.
FII and F&O index of equities:
Andhra Cements: Topgain Finance Private bought 15,17,053 shares of the company at a weighted average price of 17.15 rupees per share on the NSE, according to wholesale transaction data.
Bright Solar Limited: Rakhi Gupta bought 2,91,000 shares of the company at a weighted average price of Rs 5 per share on the NSE, according to wholesale trading data.
Libas Consu Products Ltd: Mahimtura Nishant Mitrasen sold 2,72590 shares of the company at a weighted average price of 51.8 rupees per share on the NSE, according to wholesale transaction data.
Bodhi Tree Multimedia Ltd: Mi Lifestyle Marketing Global Private Limited bought 9,600 shares of the company at a weighted average price of Rs 114.63 per share on the NSE, according to wholesale transaction data.
Stocks under F&O ban on NSE
Eight stocks – Canara Bank, Escorts, Indiabulls Housing Finance, Idea, IRCTC, PNB, SAIL and ZEEL – are subject to the F&O ban. Securities subject to the blackout period in the M&O segment include companies in which the security has exceeded 95% of the market-wide position limit.
(All data above is from StockEdge)
(Disclaimer: The opinions / suggestions / advice expressed here in this article are solely by investment experts. Zee Business suggests that its readers consult their investment advisers before making a financial decision.)