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

The Indian market witnessed a minor cut at the close on Tuesday. Despite ending in negative both benchmark indices Sensex and Nifty hold key levels of 60400 and 18000.

Sectorally, selling pressure was seen in banking, financial, FMCG, and pharma indices, while buying interest was visible in IT, auto and realty stocks on Tuesday.

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Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said, “The Nifty had crossed a falling trendline on the hourly chart by a small margin on November 08. The index retested the trendline on November 09. It traded along with the trendline throughout the day.”

On the downside, as expected, 18000 – 17950 acted as a near-term cushion. Also, the key hourly moving averages offered support on the downside, he added.

“Thus, as long as the Nifty trades above 18000 – 17950, it can take a leap on the upside. Structurally, the Nifty is expected to go for a deep retracement of the entire decline from 18604 to 17613. So it can march towards the 61.8% & 78.6%, which are at 18225 & 18392 respectively,” 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 0.13 percent lower at 18,044. Key Pivot points (Fibonacci) support for the index is placed at 17997, 17966, and 17917 while resistance is placed at 18096, 18126, and 18176.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.18 per cent lower at 39,368. Key Pivot points (Fibonacci) support for the index is placed at 39047, 39175, 39255 while resistance is placed at 39513, 39592, and 39721.

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 the Option front, Maximum Call OI is at 19000 then 18000 strike while Maximum Put OI is at 17500 then 17000 strike. Call writing is seen at 18300 then 18100 strike while Put writing is seen at 17400 then 17800 strike.

“Option data suggests a wider and bigger trading range in between 17500 to 18300 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

38 Stock seeing new Long Positions:

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

05 stock witnessing Long Cover:

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

23 stocks witnessing short positions:

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

28 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 2445.25 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1417.63 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Vikas WSP Ltd: RS Shares & Securities Ltd sold 10,89,505 equity shares in the company at the weighted average price Rs 4.08 per share on the NSE, the bulk deals data showed.

Debock Sale Marketing Ltd: Sunil Kalot each sold 60,000 equity shares in the company at the weighted average price Rs 71.45 per share on the NSE, the bulk deals data showed.

Ballarpur Industries: Deutsche Bank AG sold 2,08,39,168 equity shares in the company at the weighted average price Rs 1.1 per share on the NSE, the bulk deals data showed.

Ambani Organics: Vidyut Jayantilal Shah bought 28,000 equity shares in the company at the weighted average price Rs 100.77 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

Three stocks: Punjab National Bank, Sun TV, 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.)