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

Indian market recovered yesterday's losses and closed in the green on Thursday amid buying spree from domestic funds. The S&P BSE Sensex gained near 500 points while the Nifty50 failed to hold on to 17800 levels.

Sectorally, all Nifty indices ended in the green today at the market close, with Nifty Auto surging most by over 4 per cent, led by Tata Motors. While Nifty IT, Pharma, Banking, and Financials gained.

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“The Nifty had a sharp bounce on October 07 after a steep decline on October 06. Nevertheless, this bounce is a part of the short term consolidation process. Structurally, the consolidation over the last few sessions has taken form a triangular pattern, Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said in a note on Thursday.

He further added, “With today’s bounce the Nifty has once again tested upper end of the pattern & formed distribution over there throughout the day. Hereon the index is expected to slide down towards the lower end of the pattern, which is near 17550. On the flip side, the resistance zone of 17900-17950 will continue to maintain pressure on the higher side.”

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 0.8 percent lower at 17,790.35. Key Pivot points (Fibonacci) support for the index is placed at 17768, 17360, as well as 17745while resistance is placed at 17839, 17861 and 17897.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.6 per cent lower at 37,753. Key Pivot points (Fibonacci) support for the index is placed at 37671, 37606, as well as 37502 while resistance is placed at 37880, 37944, and 38049.

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 data, Maximum Put OI is at 17000 followed by 17500 strike while maximum Call OI is at 18000 followed by 17800 strike. Minor call writing is seen 17800 then 17900 strike while Put writing is seen at 17800 then 18500 along with unwinding in 17300 strike.

“Option data suggests a broader trading range in between 17400 to 18200 zones while an immediate trading range in between 17600 to 18000 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

23 Stock seeing new Long Positions:

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

No stock witnessed Long Cover:

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

09 stocks witnessing short positions:

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

18 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 1764.25 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 2528.64 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Bharti Airtel Limited-RE: Vanguard Emerging Markets sold 22,26,009 equity shares in the company at the weighted average price Rs 208.31 per share on the NSE, the bulk deals data showed.

Ansal Housing and Construction: HDFC sold 7,37,400 equity shares in the company at the weighted average price Rs 6.66 per share on the NSE, the bulk deals data showed.

Walchandnagar Ind. Ltd: Vistra ITCL India Limited sold 4,00,000 equity shares in the company at the weighted average price Rs 55.9 per share on the NSE, the bulk deals data showed.

Rollatainers Limited: Nishith Atulbhai Shah bought 18,67,880 equity shares in the company at the weighted average price Rs 2.45 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

Five stocks – Canara Bank, Indiabulls Housing Finance, NALCO, PNB and SAIL - are under the F&O ban. 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.)