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

The Indian market ended Monday's session on a positive note with both the benchmark indices gaining around 1 per cent today. The surge in the market today was mainly led by pharma stocks along with banking and financials at the close.

Sectorally, all indices ended in the green with Nifty Metal and Nifty Pharma surging most, by 3 and 2.5 per cent respectively.

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“The Nifty on Monday opened gap up & witnessed recovery. On the higher side, however, the 61.8 per cent retracement of the recent fall i.e. 17760 acted as barrier for the day. So the index is nicely respecting Fibonacci retracements on both the sides,” says Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas.

He adds, “This underscores the fact that the index is in a short term consolidation phase. On the downside, today’s gap area of 17581 – 17557 will act as a support zone for Nifty. The medium term trend continues to be positive as the index is holding on to lower end of a multi month rising channel.”

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 1.07 percent lower at 17,396. Key Pivot points (Fibonacci) support for the index is placed at 17609, 17569, as well as 17504 while resistance is placed at 17739, 17779, and 17844.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 1.7 per cent lower at 37,145. Key Pivot points (Fibonacci) support for the index is placed at 37414, 37340, as well as 37220 while resistance is placed at 37655, 37730, and 37850.

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 data, Maximum Put OI is at 17000 followed by 17500 strike while maximum Call OI is at 18000 followed by 18500 strike. Minor call writing is seen 17700 then 18000 strike while Put writing is seen at 17600 then 17000 strike.

“Option data suggests a broader trading range in between 17200 to 18200 zones while an immediate trading range in between 17450 to 17850 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

26 Stock seeing new Long Positions:

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

No stock witnessing Long Cover:

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

08 stocks witnessing short positions:

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

16 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 buyers for Rs 860.5 crore in the Indian markets while Domestic Institutional Investors (DIIs) were also net buyers to the tune of Rs 228.06 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Markolines Traffic Controls: Zyana Stocks and Commodities bought 3.52 lakh equity shares in the company at the weighted average price Rs 64.3 per share, the bulk deals data showed.

Bella Casa Fashion & Retail: Own Infracon bought 63,331 equity shares in the company at the weighted average price Rs 157.9 per share on the NSE, the bulk deals data showed.

Orissa Bengal Carrier: Prasanth Gangavarapu bought 1.24 lakh equity shares in the company at the weighted average price Rs 90.32 per share, the bulk deals data showed.

Banswara Syntex: CofiPlaux Invest SA bought 1.7 lakh equity shares in the company at the weighted average price Rs 168.35 per share, the bulk deals data showed.

Bulks deal data source: StockEdge

Stocks under F&O ban on NSE

No stocks place 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.)