Indian market hit a fresh record high on Thursday powered by strong global cues. The S&P BSE Sensex hit a fresh high of 59957 while the Nifty50 hit a high of 17843.

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Sectorally, the action was seen in realty, banks, energy, and finance stocks while mild profit booking was seen in FMCG sector.

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On the broader market front, the S&P BSE Midcap index rose over 1 percent while the S&P BSE Smallcap index closed with gains of 0.9 percent.

India VIX remained flat at 16.49 levels. Spurt in India VIX in last few sessions have given a volatile swing and now it has to cool down below 15-14 zones to continue the smooth ride of the market, suggest experts.

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 1.57 percent higher at 17,822. Key Pivot points (Fibonacci) support for the index is placed at 17695, 17649, and 17573 while resistance is placed at 17,846, 17893, and 17968.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 2.2 per cent higher at 37,771. Key Pivot points (Fibonacci) support for the index is placed at 37371, 37226, and 36991 while resistance is placed at 37841, 37986, and 38220.

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 the Options front, the maximum Put OI is placed at 17000 followed by 17500 strikes while maximum Call OI is at 18000 followed by 18500 strikes. 

Call writing is seen at 18000 then 17800 strikes while Put writing is seen at 17800 then 17700 strike. "Option data suggests a broader trading range in between 17500 to 18000 zones," Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

Bank Nifty OI Change:

29 stock saw new Long Positions:

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

7 stocks witnessing short positions:

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

11 stock witnessing short covering:

If the price increases and open interest decreases, then Participants are short covering their contracts.

FII & DII Data:

Foreign portfolio investors (FPIs) remained net buyers for Rs 357.93 cr in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1173 cr, provisional data showed on the NSE.

FII Index and Stock F&O

High Delivery Qty:

Bulk Deals:

Home First Finance Company: BNP Paribas Arbitrage sold 4,75,000 equity shares in the company at the weighted average price Rs 575.15 per share on the NSE, the bulk deals data showed.

RSWM Limited: Bharat Investments Growth Ltd bought 7,00,000 equity shares in the company at the weighted average price Rs 310 per share on the NSE, the bulk deals data showed.

Alankit Ltd: Alankit Assignments Limited sold 9,28,445 equity shares in the company at the weighted average price Rs 15.55 per share on the NSE, the bulk deals data showed.

 (Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)