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

On account of muhurat trading, the Indian market traded positive on Thursday, as the BSE Sensex reclaimed 60000-mark, while Nifty50 closed above the 17900-mark.

Sectorally, all indices witnessed a buying interest with auto and PSU banks showing maximum traction on the exchanges on Thursday.

See Zee Business Live TV Streaming Below:

Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said, “The Nifty opened gap up on November 03, however, couldn’t build upon the early gains. On the higher side, it tested the crucial 18000 mark where it faced selling pressure for the second consecutive day.”

“So the index couldn’t sustain above the key hourly moving averages. The hourly chart shows that the Nifty is facing resistance near the hourly upper Bollinger Band and the 50 per cent retracement mark for the last couple of sessions,” he added.

“Thereon the index has dipped towards the hourly lower Bollinger Band, which arrested the downside for the day. Structurally, the short-term consolidation process is expected to continue further. The downside is expected to be restricted to 17600 for the short term whereas on the higher side 18000 will continue to act as a cap for the short term,” Ratnaparkhi added.

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 0.49 percent higher at 17,916. Key Pivot points (Fibonacci) support for the index is placed at 17903, 17892, and 17874 while resistance is placed at 17939, 17950, and 17968.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.44 per cent higher at 39,573. Key Pivot points (Fibonacci) support for the index is placed at 39523, 39471, 39386 while resistance is placed at 39691, 39743, and 39828.

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 19000 then 18500 strike while Put OI is at 17000 then 17500 strike. Call writing is seen at 17900 then 18100 strike while Put writing is seen at 17500 then 17100 strike.

“Option data suggests a wider and bigger trading range in between 17300 to 18300 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

12 Stock seeing new Long Positions:

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

01 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.

08 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 328.11 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net sellers to the tune of Rs 38.25 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Nazara Technologies: WHV-EAM International Small Cap Equity Fund sold 1,61,487 equity shares in the company at the weighted average price Rs 2301.51 per share on the NSE, the bulk deals data showed.

Ballarpur Industries: Punjab National Bank sold 92,31,153 equity shares in the company at the weighted average price Rs 1.07 per share on the NSE, the bulk deals data showed.

Debock Sale Marketing Ltd: Satish Ramsevak Pandey sold 78,000 equity shares in the company at the weighted average price Rs 75.33 per share on the NSE, the bulk deals data showed.

Ortin Laboratories Ltd: Ansari Namra Firdaus Aamir Anjum sold 1,26,203 equity shares in the company at the weighted average price Rs 29.27 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.)