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

 Indian market fell for the fourth straight day in a row on Monday pushing the benchmark indices below their crucial support placed at 50-Days Moving Average.

The S&P BSE Sensex fell by about 1200 points while the Nifty50 plunged by around 350 points on Manic Monday.

Sectorally, some buying was seen in telecom and metal stocks while selling was visible in realty, energy, consumer durables, and auto stocks.

The Nifty breached the swing low of 17,613 to bound support near 17300-17280 levels. On the downside, it tested lower end of a falling channel, which was near 17300.

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“The selling pressure was absorbed near the lower channel line from where the bulls got some breathing space towards the end of the session. As a result of the steep decline, the hourly momentum indicator has been pushed into the oversold zone & has developed a positive divergence over there,” Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas, said.

“Thus, unless Monday’s low of 17280 breaks, the Nifty can attempt a bounce to test its key hourly moving averages near 17700,” he 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 1.9 per cent lower at 17,416. Key Pivot points (Fibonacci) support for the index is placed at 17300, 17176, 16975, and while resistance is placed at 17701, 17825, and 18025.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 2.2 per cent lower at 37,128. Key Pivot points (Fibonacci) support for the index is placed at 36736, 36361, 35756 while resistance is placed at 37947, 38321, and 38927.

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 options front, the maximum Call OI is placed at 18000, and then 18500 strikes while maximum Put OI is placed at 17000, and then towards 17300 strikes.

"Call writing is seen at 17600 then 17800 strikes while Put writing is seen at 17000 then 16500 strikes. Option data suggests a shift in lower trading range in between 17000 to 17800 zones," Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

5 stock seeing new Long Positions:

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

51 stocks witnessing Long Cover, below are the top 10:

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

41 stocks witnessing short positions, below are the top 10:

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

9 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 3438 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 2051 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Ajanta Soya: Dolly Khanna bought 1,40,000 equity shares in the company at the weighted average price Rs 147.72 per share on the BSE, the bulk deals data showed.

Fino Payments Bank: Societe Generale sold 4,62,468 equity shares in the company at the weighted average price Rs 401.48 per share on the NSE, the bulk deals data showed.

Thangamayil Jewellery: DSP Mutual Fund bought 5,00,001 equity shares in the company at the weighted average price Rs 1322 per share on the NSE, the bulk deals data showed.

Libas Consu Products Ltd: Ritesh Properties & Industries sold 1,00,000 equity shares in the company at the weighted average price Rs 35.15 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

Two stocks: Escorts and Vodafone Idea 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.)