Traders Watchlist: Top 12 data points to know before the opening bell on December 28

Indian market closed in the green on Monday following positive global cues. The S&P BSE Sensex rose almost 300 points while the Nifty50 settled above 17000 levels. 

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

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Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said, “The Nifty opened gap down on Monday, as a follow through of the bearish outside bar & Engulfing bear candle formation on the daily chart on Friday.” 

He further said, “On the downside, however, it received buying support as it reached the hourly lower Bollinger Band. Thereon the index took a leap back to the hourly upper Bollinger Band, which acted as a cap for the day.” 

“Structurally, the index has moved up to retest the 20 DMA & the swing high of 17155. This is a key hurdle to watch out for. If this level is crossed on a closing basis then the Nifty will be set for an extension in the pullback,” the analyst said in post market comment. 

“On the other hand, failure to cross 17155 on a closing basis would keep the index in a consolidation mode. In that case, the index can tumble back to 16800-16700 in the short term, 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 0.49 percent higher at 17,086. Key Pivot points (Fibonacci) support for the index is placed at 16903, 16838, as well as 16731 while resistance is placed at 17117, 17182, and 17289. 

Key support & resistance levels for Nifty Bank: 

The NiftyBank closed 0.58 per cent higher at 35,058. Key Pivot points (Fibonacci) support for the index is placed at 34463, 34248, and 33900 while resistance is placed at 35159, 35374, and 35722. 

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 18000 then 17500 strike while Maximum Put OI is at 17000 then 16500 strike. Minor writing is seen at 17100 then 17400 strike while Put writing is seen at 17000 then 16900 strike.  

“Option data suggests a wider trading range in between 16750 to 17350 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited said. 

50 Stock seeing new Long Positions, below top 20: 

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

27 stock witnessing Long Cover: 

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

36 stocks witnessing short positions: 

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

75 stock witnessing short covering, below are top 20: 

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 1038.25 cr in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 955.79 cr, provisional data showed on the NSE. 

FII Index and Stock F&O: 

Bulk Deals: 

Sastasundar Ventures Ltd: Ashish Kacholia bought 2,25,000 equity shares in the company at the weighted average price Rs 447 per share on the NSE, the bulk deals data showed. 

HP Adhesives Limited: B.W. Traders bought 1,25,649 equity shares in the company at the weighted average price Rs 315 per share on the NSE, the bulk deals data showed. 

Supreme Engineering Ltd: PJS Securities LLP bought 2,00,000 equity shares in the company at the weighted average price Rs 19.17 per share on the NSE, the bulk deals data showed. 

Bliss GVS Pharma: M/s Prarthana Enterprises bought 7,52,570 equity shares in the company at the weighted average price Rs 112.12 per share on the NSE, the bulk deals data showed. 

Stocks under F&O ban on NSE 

Four stocks - Escorts, Indiabulls Housing Finance, Idea, and RBL Bank - are under the F&O ban on Tuesday. 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.)