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

Indian market closed in the red for the fourth consecutive day in a row on Friday following weak global cues. The S&P BSE Sensex fell over 350 points while the Nifty50 failed to hold on to 17550 levels.

Sectorally, selling pressure was visible in banks, auto, FMCG, IT, realty indices while buying interest was seen in media, metal, pharma, PSU Banks stocks.

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“The Nifty, in the week gone by, faced resistance near the daily as well as the weekly upper Bollinger Band & entered consolidation phase. It traded with a downward bias throughout the week. On the way down, it has broken lower end of a short term rising channel & has reached lower end of a medium term rising channel on the weekly chart,” Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas

He added, “The overall structure shows that the medium term trend continues to be positive however the index can stay in a short term consolidation over the next few sessions.”

Ratnaparkhi further said, “The hourly chart shows that the Nifty has retraced 78.6% of the previous rise & the key Fibonacci level i.e. 17460, absorbed selling pressure for the day. On the downside, 17460-17400 will continue to act as a support zone whereas, on the higher side, 17600-17650 will act as a near term barrier.”

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 0.49 percent lower at 17,532. Key Pivot points (Fibonacci) support for the index is placed at 17474, 17449, as well as 17409 while resistance is placed at 17553, 17578, and 17618.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.53 per cent lower at 37,225. Key Pivot points (Fibonacci) support for the index is placed at 36972, 36872, as well as 36710 while resistance is placed at 37295, 37395, and 37556.

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:

“Since it is the beginning of the new series and Option data is scattered at various far strikes. Maximum Put OI is at 17000 followed by 17500 strike while maximum Call OI is at 18000 followed by 18500 strike. Option data suggests a broader trading range in between 17000 to 18200 zones while an immediate trading range in between 17350 to 17850 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

09 stocks seeing new Long Positions:

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

04 stocks witnessing Long Cover:

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

04 stocks witnessing short positions:

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

11 stocks 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 buyers for Rs 131.39 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net sellers to the tune of Rs 613.08 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Just Dial: Nalanda India Equity Fund sold almost 6 lakh shares in the company at the weighted average price Rs 990.01 per share on the NSE, the bulk deals data showed.

BEW Engineering: Haryana Refractories bought 16000 equity shares in the company at the weighted average price Rs 250.95 per share on the NSE, the bulk deals data showed.

Kesoram Industries: Pashupati Capita Ser bought 4.79 lakh equity shares in the company at the weighted average price Rs 8.14 per share on the NSE, the bulk deals data showed.

Debock Sale Marketing: Alexis Capital’s Radhika Dubash bought 60000 equity shares in the company at the weighted average price Rs 44.65 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE:

No stock was placed 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.)