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

The Indian market on Monday snapped 4 days losing streak, to eventually end positively. The S&P BSE Sensex gained around 150 points, while the Nifty50 ended below 18150 levels.

Sectorally, the selling pressure was visible in information and technology, metal, FMCG, realty and pharma indices, while buying interest was seen in the banks and financial service stocks.

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Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said, “The Nifty opened gap up only to face a fresh round of selling near the key hourly moving averages for yet another day. As a result, the index dipped below the 18000 mark on an intraday basis.”

“Nevertheless, the 20 DMA induced the bulls into the action thus rescuing the index for the day. So the Nifty managed to hold on to the crucial support of 18000 on a closing basis. The hourly lower Bollinger Band has become flat, which is expected to provide support on the downside”, he added.

Ratnaparkhi mentioned, “Also, the hourly momentum indicator has developed a positive divergence, which is suggesting that a bounce is around the corner. So the Nifty can take a leap towards 18300-18360. Overall, the Nifty is expected to continue with the short-term consolidation.”

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 0.06 percent higher at 18,125. Key Pivot points (Fibonacci) support for the index is placed at 18007, 17943, as well as 17838 while resistance is placed at 18216, 18280, and 18384.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 2.15 per cent higher at 41,192. Key Pivot points (Fibonacci) support for the index is placed at 40671, 40360, and 39855 while resistance is placed at 41681, 41993, and 42498.

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 Put OI is at 18000 followed by 17500 strike while maximum Call OI is at 19000 followed by 18500 strike. Call writing is seen at 18900 then 18600 strike while minor Put writing is seen at 17600 then 17800 strike.

“Option data suggests an immediate trading range in between 17900 to 18400 zones.,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

10 Stock seeing new Long Positions:

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

10 stock witnessing Long Cover:

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

16 stocks witnessing short positions:

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

05 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 2459.1 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 2390.237 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

CL Educate Ltd: Arjuna Fund sold 142361 equity shares to Vanderbilt University in the company at the weighted average price Rs 101.5 per share on the BSE, as per stockedge.

Ganga Papers India Ltd: Poddar Global Private Ltd bought 65000 equity shares in the company at the weighted average price Rs 81.15 per share on the BSE, as per stockedge.

Stocks under F&O ban on NSE

Six stocks – Escorts, Indiabulls Housing Finance, IEX, NMDC, SAIL and Sun TV - 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.)