Traders Watchlist: Top 12 data points to know before the opening bell on December 29

Indian market closed in the green for the second straight session on Tuesday backed by positive global cues. The S&P BSE Sensex rose almost 500 points while the Nifty50 settled above 17200 levels. 

Sectorally, buying interest was seen in most stocks led by pharma, bank, financial, auto, IT and realty, media, metal and FMCG counters. 

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“The domestic market is drawing strength from the upsurge in global equity indices, which have been steadily moving up in recent sessions after correcting sharply on concerns related to the Omicron variant, likely interest rate hikes in key developed economies going ahead, and the rising inflation worldwide,” Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd said.  

“After a long time, the Nifty succeeded to close above the 20 day SMA which is broadly positive. The short-term texture is bullish but due to gains in recent sessions, bulls may prefer to take a temporary pause near 17275-17300 levels,” Chouhan added.  

“The trading setup suggests a quick intraday correction if the Nifty trades below 17180, and below the same, the correction wave could move up to 17100-17160 levels. On the other hand, above 17200, the index uptrend continuation formation will continue up to 17300 and further upside could lift the index up to 17370,” the market analyst said in his post market comment on Tuesday. 

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 0.86 percent higher at 17,233. Key Pivot points (Fibonacci) support for the index is placed at 17180, 17159, and 17125 while resistance is placed at 17248, 17269, and 17303. 

Key support & resistance levels for Nifty Bank: 

The NiftyBank closed 0.36 per cent higher at 35,183. Key Pivot points (Fibonacci) support for the index is placed at 35071, 34997 and 34876 while resistance is placed at 35311, 35385, and 35505. 

Gross Open Interest: 

Open Interest (OI) 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 17300 then 17600 strike while meaningful Put writing is seen at 17200 then 17100 strike.  

“Option data suggests a wider trading range in between 16900 to 17400 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited said. 

60 Stock seeing new Long Positions, below are top 20: 

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

 14 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. 

104 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 207.31 cr in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 567.47 cr, provisional data showed on the NSE. 

FII Index and Stock F&O: 

Bulk Deals: 

Supreme Engineering Ltd: PJS Securities LLP bought 3,00,000 equity shares in the company at the weighted average price Rs 19.72 per share on the NSE, the bulk deals data showed. 

Dynamatic Technologies: JKM Holdings Pvt Ltd bought 2,00,000 equity shares in the company at the weighted average price Rs 2087 per share on the NSE, the bulk deals data showed. 

Mohini Health& Hygiene Ltd: Mohini Employee Welfare Trust bought 2,19,000 equity shares in the company at the weighted average price Rs 31.75 per share on the NSE, the bulk deals data showed. 

Debock Sale Marketing: Sonal Anil Vichare bought 42,000 equity shares in the company at the weighted average price Rs 1452.03 per share on the NSE, the bulk deals data showed. 

Stocks under F&O ban on NSE 

Three stocks - 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.)