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

The Indian market ended in the red on Thursday, with Sensex and Nifty50 each falling over half per cent at the close, led by metal, auto, and pharma.

Almost all sectors witness selling pressure such as banking, financial, auto, pharma, media and metal indices falling most on Thursday.

Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said, “The Nifty, in the beginning of the week, had faced resistance near 61.8% retracement of the decline from 18604 to 17613. Thereon the index witnessed selling pressure, which persisted throughout the week.”

He added, “As a result, the Nifty has breached its key daily moving averages as well as lower end of a rising channel on the hourly chart. On the downside, the index has tested the daily lower Bollinger Band, where the selling was absorbed on November 18.”

“The overall structure shows that the Nifty is still in a consolidation phase however the range has shifted lower. 17600-18000 will be the near term range for the benchmark index,” Ratnaparkhi 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 0.75 percent lower at 17,764. Key Pivot points (Fibonacci) support for the index is placed at 17701, 17640, 17542, and while resistance is placed at 17897, 17958, and 18056.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.17 per cent lower at 37,976. Key Pivot points (Fibonacci) support for the index is placed at 37800, 37686, 37500 while resistance is placed at 38171, 38286, and 38471.

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 18000 then 18500 strike while Maximum Put OI is at 17500 then 17400 strike. Call writing is seen at 18000 then 17900 strike while Put writing is seen at 17300 then 17000 strike.

“Option data suggests a shift in lower trading range in between 17500 to 18000 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

11 Stock seeing new Long Positions:

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

As many as 97 stocks witnessing Long Cover, below are the top 20:

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

At least 68 stocks witnessing short positions, below are the top 20:

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

10 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 3930.62 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1885.66 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Onelife Cap Advisors: Naig Pandoo Prabhakar sold 11,00,404 equity shares in the company at the weighted average price Rs 18.97 per share on the NSE, the bulk deals data showed.

Debock Sale Marketing: Nanalal Bhanji Dudhaiya sold 54,000 equity shares in the company at the weighted average price Rs 63.7 per share on the NSE, the bulk deals data showed.

Libas Consu Products Ltd: Mahimtura Nishant Mitrasen sold 5,95,279 equity shares in the company at the weighted average price Rs 39 per share on the NSE, the bulk deals data showed.

Bright Solar Limited: Piyushkumar Thumar sold 1,08,000 equity shares in the company at the weighted average price Rs 5.21 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

Six stocks: BHEL, Escorts, Idea, Sun TV SAIL, and National Aluminium 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.)