Traders Watchlist: Top 12 data points to know before the opening bell on December 30

Indian market closed in the red snapping the two days gain on Wednesday. The S&P BSE Sensex slipped 91 points while the Nifty50 retained key sentimental level of 17200. 

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

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Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan said, “The bulls attempted to stretch their arms for, yet another session however stumbled near the junction of a falling trendline & the 40 DEMA.” 

“The hourly momentum indicator, which was having negative divergence, didn’t support the bulls, thus dragging the index into the negative territory towards the end of the session,” he added. 

“In terms of the levels, 17300 acted as a key barrier & will continue to maintain pressure on the higher side going ahead. On the downside, the index is expected to fill up a recent gap area of 17161 – 17112 & tumble towards the hourly lower Bollinger Band, which is near 17000,” 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 0.11 percent lower at 17,213. Key Pivot points (Fibonacci) support for the index is placed at 17183, 17157, and 17116 while resistance is placed at 17267, 17292, and 17334. 

Key support & resistance levels for Nifty Bank: 

The NiftyBank closed 0.39 per cent higher at 35,045. Key Pivot points (Fibonacci) support for the index is placed at 34918, 34803 and 34617 while resistance is placed at 35291, 35406, and 35592. 

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 17500 then 17300 strike while Maximum Put OI is at 17000 then 16700 strike. Call writing is seen at 17300 then 17500 strike while meaningful Put writing is seen at 16700 then 17100 strike and unwinding at 16400 strike. 

“Option data suggests a wider trading range in between 17000 to 17350 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited said. 

22 Stock seeing new Long Positions: 

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

74 stock witnessing Long Cover, below are top 20: 

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. 

57 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 975.23 cr in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1006.93 cr, provisional data showed on the NSE. 

FII Index and Stock F&O: 

Bulk Deals: 

HP Adhesives: BW Traders bought 1,09,394 equity shares in the company at the weighted average price Rs 364.47 per share on the NSE, the bulk deals data showed. 

Force India: Intellect Developers Private Limited bought 43,800 equity shares in the company at the weighted average price Rs 225.99 per share on the NSE, the bulk deals data showed. 

Bombay Metrics SC Ltd: Avirat Enterprise picked up 12,000 equity shares in the company at the weighted average price Rs 129.23 per share on the NSE, the bulk deals data showed. 

Kotyark Industries Ltd: Vimalchand A bought 50,000 equity shares in the company at the weighted average price Rs 150.8 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.)