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

The Indian market on Tuesday continued its winning streak for the second day. The S&P BSE Sensex gained around 400 points, while the Nifty50 ended above 18250 levels.

Sectorally, the selling pressure was visible in only private banks on NSE, while buying interest was seen in the metal, auto, IT, pharma, realty, media, PSU banks and financial stocks.

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Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said, “The Nifty is witnessing a bounce from the key psychological mark of 18000. Over there, the 20 DMA & the hourly lower Bollinger Band offered support to the index. These parameters induced bulls into the action.”

He added, “The hourly momentum indicator is in sync with the pullback. Hence the bounce is expected to continue further. So far it has retraced 50 per cent of the recent fall.”

“Going ahead, the Nifty can stretch towards the 61.8 and 78.6 per cent retracement i.e. 18360 & 18460 respectively. The overall structure however shows that this is only a bounce & is unlikely to be a start of a fresh rally. The short term consolidation to continue further,” Ratnaparkhi pointed out.

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 0.79 percent higher at 18,268. Key Pivot points (Fibonacci) support for the index is placed at 18145, 18095, as well as 18014 while resistance is placed at 18306, 18356, and 18437.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.11 per cent higher at 41,238. Key Pivot points (Fibonacci) support for the index is placed at 40939, 40812, and 40606 while resistance is placed at 41350, 41477, and 41682.

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 18200 strike while maximum Call OI is at 18500 followed by 19000 strike. Call writing is seen at 18600 with significant unwinding at 18200 strike while Put writing is seen at 18200 then 18300 strike.

“Option data suggests an immediate trading range in between 18000 to 18500 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

15 Stock seeing new Long Positions:

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

02 stock witnessing Long Cover:

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

07 stocks witnessing short positions:

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

21 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 -2368.66 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1385.41 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Mawana Sugars Limited: JM Financial Services bought 2,32,000 equity shares in the company at the weighted average price Rs 87 per share on the NSE, the bulk deals data showed.

North East Carry Corp: Kapashi Commercial Ltd bought 4,00,000 equity shares in the company at the weighted average price Rs 19.25 per share on the NSE, the bulk deals data showed.

Servotech Power Sys: Niraj Lalwani picked up 1,10,000 equity shares in the company at the weighted average price Rs 20 per share on the NSE, the bulk deals data showed.

BEW Engineering Limited: Haryana Refractories Private Limited bought 24,000 equity shares in the company at the weighted average price Rs 31.47 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

Six stocks – Canara Bank, 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.)