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

The Indian market end Monday’s session on a positive note with the S&P BSE Sensex gained over 800 points, and the Nifty50 ended above the 17900-mark.

Sectorally, the buying spree was seen in all sectors, with the metal index surging most by over 3 per cent, followed by IT, bank, financial, pharma and auto stocks on Monday.

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Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd said, “Today's rally came as a major relief as bears had been gaining strength over the past few sessions. The recovery was also aided by favourable global market sentiment, which triggered frenzied buying here.”

He added, “Benchmark Nifty opened with a gap up and in the late afternoon cleared the intraday resistance of 17800. Technically, the index has completed one leg of a pullback rally, and now 18000 and 18050 would act as a crucial resistance level.”

“The index has formed a strong bullish candle but the key concern is it is still trading below 20 days SMA. We are of the view that the intraday texture of the market is bullish but traders may prefer to take a cautious stance between 17975-18020 levels,” Chouhan added.

“As long as the index is trading above the level of 17800, the uptrend texture is intact. For bulls, the 17850-17800 level could be the strong support zone and below the same, the uptrend would be vulnerable,” the market analyst 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 1.04 percent lower at 17,671. Key Pivot points (Fibonacci) support for the index is placed at 17762, 17701, and 17603 while resistance is placed at 17958, 18019, and 18117.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 1 per cent higher at 39,115. Key Pivot points (Fibonacci) support for the index is placed at 39298, 39123, 38840 while resistance is placed at 39865, 40040, and 40324.

India VIX:

"India VIX was down by 1.06 per cent from 17.42 to 17.23 levels. Volatility slightly cooled down and gave room for support-based buying but it needs to cool down below 15-14 zones for a complete grip of bulls", Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

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:

“Option data is scattered at various far strikes. Maximum Call OI is at 19000 then 18500 strike while Put OI is at 17000 then 17500 strike. Option data suggests a wider and bigger trading range in between 17350 to 18300 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

Nifty Bank Move:

"Bank Nifty opened positive and gained strength throughout the day. It crossed 39850 levels and closed with handsome gains of around 650 points. It formed a Bullish candle on daily frame with longer lower shadow indicating buying was seen at declines. It negated its lower highs of the last four sessions. Now it has to hold above 39500 for it to move towards 40000 and 40500 levels whereas on the downside support exists at 39250 and 39000 zones," Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

At least 20 stocks from ‘A’ category list hit a new 52-week on Monday

Q2 earnings expected on Tuesday: Bank of India, Bharti Airtel, Dabur India, HPCL, Jindal Steel, PNB Housing Fin, Sun Pharma, Trent Ltd among others

FII Activity:

Foreign portfolio investors (FPIs) remained net sellers for Rs 202.13 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 116.01 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

UFO Moviez India Ltd: Vikram Kishorechandra Gajiwala bought 1,68,113 equity shares in the company at the weighted average price Rs 105.81 per share on the NSE, the bulk deals data showed.

ASL Industries Limited: Zuber Trading LLP bought 1,00,000 equity shares in the company at the weighted average price Rs 23.92 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

Two stocks: Punjab National Bank 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.)