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

The Indian market traded positive on Monday, as the BSE Sensex jumped around 500 points, while Nifty50 ended above 18068-level.

Sectorally, selling pressure was seen in the banking index, especially private lenders along with pharm stocks and a buying interest with metal, IT, auto and financial stocks on the exchanges on Monday.

Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said, “The Nifty witnessed selling pressure post a gap up opening. The selling, however, was absorbed near the hourly lower Bollinger Band. The bulls took control over there resulting in a sustained rally.”

On the way up the Nifty has crossed certain short-term barriers. It has crossed the key psychological mark of 18000, 61.8% retracement of the recent fall and a falling trendline on the hourly chart, he added.

Ratnaparkhi further said, “This shows that the short term range has shifted higher. The Nifty is expected to march towards 61.8% & 78.6% retracement of the entire decline from 18604 to 17613. The key Fibonacci levels are 18225 & 18392 respectively. On the other hand, 18000 – 17950 will now act as a near-term cushion.”

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 0.85 percent higher at 18,068. Key Pivot points (Fibonacci) support for the index is placed at 17901, 17841, and 17745 while resistance is placed at 18093, 18153, and 18249.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.34 per cent lower at 39,573. Key Pivot points (Fibonacci) support for the index is placed at 39064, 38889, 38606 while resistance is placed at 39631, 39806, and 40090.

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

41 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.

38 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 860.65 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net sellers to the tune of Rs 1911.77 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

ASL Industries: Sunayana Investment Company Limited sold 1,20,000 equity shares in the company at the weighted average price Rs 23.8 per share on the NSE, the bulk deals data showed.

Debock Sale Marketing Ltd: Abhinandan Dhanapal Khemalapure picked up 66,000 equity shares in the company at the weighted average price Rs 75.27 per share on the NSE, the bulk deals data showed.

Focus Lightg & Fixtrs Ltd: Smeet Dipak Shah bought 69,000 equity shares in the company at the weighted average price Rs 55.7 per share on the NSE, the bulk deals data showed.

Texmaco Rail & Engg Ltd: Kamath Vittal Udyavar sold 10,75,291 equity shares in the company at the weighted average price Rs 5.57 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

Three stocks: Punjab National Bank, Sun TV 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.)