Traders Watchlist for Tuesday: Top 10 data points to know before the share market opening bell

The Indian markets on Monday ended flat with a positive bias on the first day of the week, with Sensex holding the 60000-mark, while Nifty closing below the 17900-mark.

Sectorally, selling pressure was visible in FMCG, IT, and Pharma indices while buying interest was seen in Auto, Banking, and financials along with media and realty stocks.

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After a gap-up opening, the benchmark index wiped out its early gains and made a low at 17803.05 levels after that in the second half of the session, the index slightly recovered and closed at 17855.10 levels while BankNifty settled at 38171.25 levels with a gain of 0.9 per cent or 340 points in a day, Choice Broking AVP - Research Sachin Gupta said in a note.

Technically, the Index has been trading with Higher High & Higher Bottom formation, but on a daily time frame it has formed a bearish candle at the top of the trend, which could escalate some profit booking for the coming day, but such dips should be an opportunity to rejoin the trend, he added.

“The index has been trading above all the moving averages as well as the Momentum Indicator Stochastic is also trading with a positive crossover which further adds strength to the counter. At present, the Nifty seems to have physiological resistance at 18000 levels while immediate support comes at 17750 levels,” Choice Broking AVP – Research said while concluding.

Here is a list of 10 data points that will help you in making a profitable trade:

Key support & resistance levels for Nifty50:

The Nifty50 closed 0.01 per cent higher at 17,855. Key Pivot points (Fibonacci) support for the index is placed at 17813, 17780, as well as 17726 while resistance is placed at 17920, 17954, and 18007.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.9 per cent higher at 38,171. Key Pivot points (Fibonacci) support for the index is placed at 38017, 37925, as well as 37777 while resistance is placed at                38312, 38404, and 38551.

Corporate Actions:

Bajaj Healthcare and Bajaj Holdings & Investment shares are expected to be buzzing amid the corporate actions.

Options Data:

On the Option front, Maximum Put OI is at 17000 followed by 17800 strike while maximum Call OI is at 18000 followed by 18500 strike. Call writing is seen at 18000 then 17900 strike while Put writing is seen at 17000 then 17850 strike.

“Option data suggests a trading range in between 17600 to 18000 zones.,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

As many as 104 stocks registered Volume and Delivery, below mentioned are top 12 counters: 

16 stocks witnessed MACD:

Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price.

Over 170 stocks witnessed a breakout of a 52-week high, below are the top 20 counters:

FII Activity:

Foreign portfolio investors (FPIs) remained net sellers for Rs 594.63 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1397.69 crore, provisional data showed on the NSE.

Key global events expected:

Bulk Deals:

PSP Projects Limited: Sunil Singhania-led Abakkus Emerging Opportunities Fund-1 picked up 4,45,000 equity shares in PSP Projects Limited at Rs 425.68 per share on the NSE, the bulk deals data showed.

Royal Orchid Hotels: Promoter Keshav Baljee sold at least 2,71,591 equity shares in the company at 103.25 per share on the NSE, the bulk deals data showed.

GMR Infrastructure: GMR Enterprises sold 5,75,00,000 equity shares in the company to its subsidiary Hyderabad Jabilli Properties at the weighted average price of Rs 36.3 per share on the NSE, bulk deals data showed.

McLeod Russel India: IndusInd Bank sold 43,69,267 equity shares in the company at the weighted average price Rs 30.99 per share on the NSE, the bulk deals data showed.

(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.)