Traders Watchlist: Top 12 Data Points to Know Before the Market Opening Bell Thursday
The Indian market ended a two-day winning streak to end in negative on Wednesday. The S&P BSE Sensex slipped around 400 points, while the Nifty50 finished above the 18,250 levels.
Sector-wise, selling pressure was visible in banks, financials, autos and media indices, while buying interest was seen in banking stocks, IT, pharma, real estate, FMCGs and PSUs.
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Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said: “At the start of the session, the bulls tried to stretch their arms and push the rebound higher. However, the index faced pressure as it approached the 61.8% retracement of the recent fall. “
“The increase over the past two sessions shows an overlapping pattern on the hourly chart. This means that it is part of the consolidation process, ”he added.
“On the downside, the Nifty may revisit the crucial 18000 mark where it should take support near 20 DMA. On the upper side, today’s high of 18342 will now act as a near term barrier. Nifty is expected to continue consolidating in the near term, ”Ratnaparkhi said.
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 0.31% lower at 18211. Support for the index’s key pivot points (Fibonacci) is placed at 18173, 18132, as well as 18066 while resistance is placed at 18306, 18347. and 18414.
Main support and resistance levels for Nifty Bank:
NiftyBank closed 0.88% higher at 40.874. Support for the index’s key pivot points (Fibonacci) is placed at 40762, 40621 and 40393 while resistance is placed at 41218, 41359 and 41587.
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 18000 followed by 18200 strike while the maximum OI Call is at 18500 followed by 18300 strike. The call entry is seen at 18300 and 18350 strike while the minor put entry is seen at 17950 then 18050 strike.
“Options data suggests a trading range of 18,000 to 18,400 zones”, Chandan Taparia, vice president | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
10 Stocks seeing new long positions:
If the price increases and the open interest increases, then participants have more long positions.
05 long cover sample stock:
If the price goes down and the open interest goes down, then the participants hedge their contracts for a long time.
15 indicator values of short positions:
If the price goes down and the open interest goes up, then participants have more short positions.
16 actions showing short coverage:
If the price increases and the open interest decreases, then participants do not hedge their contracts.
Foreign portfolio investors (REITs) remained net sellers for Rs 1,913.36 crore in Indian markets, while domestic institutional investors (DII) were net buyers at Rs 472.48 crore, according to provisional data from the NSE.
FII index and F&O stock:
Mawana Sugars Limited: JM Financial Services bought 2,32,000 shares of the company at a weighted average price of Rs 85.75 per share on the NSE, according to wholesale transaction data.
ASL Industries Limited: Sunayana Investment Company bought 2,48,000 shares of the company at a weighted average price of Rs 24 per share on NSE, according to wholesale transaction data.
One Point One Sol Ltd: CNM Finvest Private Limited sold 1,67,075 shares of the company at a weighted average price of Rs 52.55 per share on NSE, according to wholesale transaction data.
Univastu India Limited: Yogesh Kumar Gawande sold 1,09556 shares of the company at a weighted average price of Rs 66.01 per share on NSE, according to wholesale transaction data.
Stocks under F&O ban on NSE
Four stocks – Canara Bank, Indiabulls Housing Finance, NMDC and Sun TV – are under 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.
(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.)