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

The Indian market snapped a two-day winning streak to end negative on Wednesday. The S&P BSE Sensex slipped around 400 points, while the Nifty50 ended above 18250 levels.

Sectorally, the selling pressure was visible in banks, financial services, auto, and media indices, while buying interest was seen in IT, pharma, realty, FMCG, and PSU bank stocks.

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Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said, “At the beginning of the session, the bulls attempted to stretch their arms and tried to push the bounce higher. However, the index faced pressure as it neared 61.8 per cent retracement of the recent fall.”

“The rise in the last couple of sessions is showing overlapping structure on the hourly chart. This means that it is a part of the consolidation process,” he added.

“On the downside, the Nifty can revisit the crucial mark of 18000 where it is expected to take support near the 20 DMA. On the higher side, today’s high of 18342 will now act as a near-term barrier. The Nifty is expected to continue with the short-term consolidation,” 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 0.31 percent lower at 18,211. Key Pivot points (Fibonacci) support for the index is placed at 18173, 18132, as well as 18066 while resistance is placed at 18306, 18347, and 18414.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.88 per cent higher at 40.874. Key Pivot points (Fibonacci) support for the index is placed at 40762, 40621, and 40393 while resistance is placed at 41218, 41359, and 41587.

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 Put OI is at 18000 followed by 18200 strike while maximum Call OI is at 18500 followed by 18300 strike. Call writing is seen at 18300 and 18350 strike while minor Put writing is seen at 17950 then 18050 strike.

“Option data suggests a trading range in between 18000 to 18400 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

10 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.

15 stocks witnessing short positions:

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

16 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 1913.36 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 472.48 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Mawana Sugars Limited: JM Financial Services bought 2,32,000 equity shares in the company at the weighted average price Rs 85.75 per share on the NSE, the bulk deals data showed.

ASL Industries Limited: Sunayana Investment Company bought 2,48,000 equity shares in the company at the weighted average price Rs 24 per share on the NSE, the bulk deals data showed.

One Point One Sol Ltd: CNM Finvest Private Limited sold 1,67,075 equity shares in the company at the weighted average price Rs 52.55 per share on the NSE, the bulk deals data showed.

Univastu India Limited: Yogesh Kumar Gawande sold 1,09,556 equity shares in the company at the weighted average price Rs 66.01 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

Four stocks – Canara Bank, Indiabulls Housing Finance, NMDC and Sun TV - are under the F&O ban. 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.)