Traders Watchlist: Top 12 data points to know before market opening bell on Friday

The Indian market witnessed a decline for the third trading session on Thursday. Both the benchmarks Sensex and Nifty gave up key levels of 60000-mark and 18000-level, to declined around 0.7 per cent at the close.

Sectorally, selling pressure was seen in banking, financial, FMCG, media, realty, and IT, while buying interest was visible only in metal stocks on Thursday.

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Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said, “The Nifty opened on a negative note on November 11 and witnessed follow through selling subsequently. On the way down, it breached a rising trendline on the hourly chart and went down to test the 40 day exponential moving average.”

“Selling was absorbed near the key short term moving average & the index recovered to some extent thereon. The level of 17800 indeed acted as a crucial support & will continue to provide support going ahead,” he added.

“As long as the index trades above 17800, it can once again take a leap towards 18000-18100. The daily chart shows that the Nifty is witnessing oscillations between the key daily moving averages & the short term consolidation is expected to continue further,” Ratnaparkhi also said.

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 0.8 percent lower at 17,873. Key Pivot points (Fibonacci) support for the index is placed at 17814, 17774, and 17707 while resistance is placed at 17947, 17988, and 18054.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 1.19 per cent lower at 38,560. Key Pivot points (Fibonacci) support for the index is placed at 38389, 38251, 38028 while resistance is placed at 38835, 38972, and 39195

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 front, Maximum Call OI is at 18500 then 19000 strike while Maximum Put OI is at 17500 then 17000 strike. Call writing is seen at 18000 then 18400 strike while Put writing is seen at 17500 then 17400 strike.

“Option data suggests a trading range in between 17600 to 18100 zones, Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

04 Stock seeing new Long Positions:

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

21 stock witnessing Long Cover:

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

39 stocks witnessing short positions:

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

08 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 sellers for Rs -1637.46 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 445.76 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

APL Apollo Tubes Ltd: DSP Mutual Fund bought 14,72,076 equity shares in the company at the weighted average price Rs 900 per share on the NSE, the bulk deals data showed.

Patel Integrated Logistic: Patel Holdings sold 5,94,832 equity shares in the company at the weighted average price Rs 2.75 per share on the NSE, the bulk deals data showed.

Vikas Lifecare Limited: Kolita Mohan picked up 12,14,915 equity shares in the company at the weighted average price Rs 1.1 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

Seven stocks: Punjab National Bank, Sun TV, Bank of Baroda, BHEL, Indiabulls Housing Finance, SAIL and Escorts have been placed under the F&O ban on Monday. 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.)