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

The Indian market witnessed weakness on Monday amid profit booking. The S&P BSE Sensex plunged 78 points, while the Nifty50 ended below 17900-level at the market close.

Sectorally, the selling pressure was visible in metal, IT, pharma and FMCG, while buying interest in auto, bank, financials and realty stocks on Monday.

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Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said, “The Nifty in the last session had broken out from a base triangle on the hourly chart and witnessed recovery. The index attempted to continue with the recovery today however stumbled near the junction of the 40 hour exponential moving average and the hourly upper Bollinger Band.”

“In terms of the level, the 18000 mark acted as a key barrier. Though this level was crossed on an intraday basis, but it couldn’t sustain in the higher territory and closed below it”, the analyst added.

According to Ratnaparkhi, “If the bulls manage to cross that hurdle on a closing basis then the short term range will shift higher. On the flip side, failure to cross that level will keep the short term consolidation confined within the range of 17600-18000.”

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 0.23 percent lower at 17,888. Key Pivot points (Fibonacci) support for the index is placed at 17853, 17814, and 17751 while resistance is placed at 17979, 18017, and 18080.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.44 per cent higher at 39,938. Key Pivot points (Fibonacci) support for the index is placed at 39681, 39559, 39362 while resistance is placed at 40076, 40198, and 40395.

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 18000 then 17900 strike while Put writing is seen at 17900 then 17500 strike.

“Option data suggests a wider and bigger trading range in between 17350 to 18300 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

15 Stock seeing new Long Positions:

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

02 stock witnessing Long Cover:

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

12 stocks witnessing short positions:

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

11 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 buyers for Rs 244.87 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net sellers to the tune of Rs 6 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Shrenik Limited: Abdul Azees bought 36,37,515 equity shares in the company at the weighted average price Rs 1.95 per share on the NSE, the bulk deals data showed.

CL Educate Limited: BNP Paribas Arbitrage sold 4,14,000 equity shares in the company at the weighted average price Rs 94.95 per share on the NSE, the bulk deals data showed.

Debock Sale Marketing Ltd: Nanalal Bhanji Dudhaiya bought 42,000 equity shares in the company at the weighted average price Rs 75.91 per share on the NSE, the bulk deals data showed.

Focus Lightg & Fixtrs: Vivek Jain HUF dumped 81,000 equity shares in the company at the weighted average price Rs 46.36 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.)