Traders Watchlist: Top 12 data points to know before opening bell on December 22

The Indian markets snapped a two-day decline, to eventually conclude on a higher note as the Sensex closed over 500 points higher, and Nifty50 ended above 16750-level on Monday.  

Sectorally, buying was visible in almost all indices such as Bank, FMCG, Financial, Auto, Media, and Realty stocks. 

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Gaurav Ratnaparkhi, Head of Technical Research at Sharekhan by BNP Paribas said, “The Nifty had reached the support zone of 40 WEMA and the weekly lower Bollinger Band after the sharp decline on December 20. From these support parameters the index witnessed a bounce on December 21.” 

The benchmark index partially filled up the gap of 16840 – 16966 and faced resistance near the upper end of the gap, Ratnaparkhi said, adding that the overall structure shows that the Nifty50 is set for a short term consolidation in the range of 16400-17000.  

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 0.94 per cent higher at 16,770. Key Pivot points (Fibonacci) support for the index is placed at 16703, 16645, 16550, and while resistance is placed at 16893, 16951, and 17046 

Key support & resistance levels for Nifty Bank: 

The NiftyBank closed 0.49 per cent higher at 34,607. Key Pivot points (Fibonacci) support for the index is placed at 34430, 34274, 34022 while resistance is placed at 34934, 35090, and 35342 

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 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 18000 then 17000 strike while Maximum Put OI is at 16500 then 16000 strike. Call writing is seen at 16800 then 16600 strike while minor Put writing is seen at 16300 then 16100 strike.  

“Option data suggests a wider trading range in between 16300 to 17000 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. 

73 Stock seeing new Long Positions, below are top 20: 

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

11 stock witnessing Long Cover: 

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

20 stocks witnessing short positions: 

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

84 stock witnessing short covering, below are top 20: 

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 1209.82 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1404.89 crore, provisional data showed on the NSE. 

FII Index and Stock F&O: 

Bulk Deals: 

C.E. Info Systems Limited: Goldman Sachs Funds - Goldman Sachs India Equity Portfolio bought 3,76,708 equity shares in the company at the weighted average price Rs 1392.99 per share on the NSE, the bulk deals data showed. 

Vedanta Limited: Vedanta Holdings Mauritius II Limited bought 6,79,15,740 equity shares in the company at the weighted average price Rs 334.1 per share on the NSE, the bulk deals data showed. 

Filatex India Ltd: Nirmal Kumar Bathwal bought 18,96,948 equity shares in the company at the weighted average price Rs 84.76 per share on the NSE, the bulk deals data showed. 

Debock Sale Marketing Ltd: Nanalal Bhanji Dudhaiya bought 42,000 equity shares in the company at the weighted average price Rs 136.9 per share on the NSE, the bulk deals data showed. 

Stocks under F&O ban on NSE 

Three stocks: Indiabulls Housing, Escorts and ZEEL are placed under the F&O ban on Wednesday. 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.)