Traders Watchlist for Monday: Top 12 data points to know before the opening bell
Sectorally, selling pressure was visible in metals, basic material, public sector, realty and power indices while buying interest was seen in FMCG stocks
Indian market closed in the red for the second consecutive day in a row on Monday following muted global cues. The S&P BSE Sensex fell over 500 points while the Nifty50 failed to hold on to 17400 levels.
Sectorally, selling pressure was visible in metals, basic material, public sector, realty and power indices while buying interest was seen in FMCG stocks.
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"Following high volatility and weak global sentiments, the domestic market ended in a bear grip with Metal and PSU Banks leading the downward rally,” Vinod Nair, Head of Research at Geojit Financial Services, said.
“Global markets traded negatively as investors were cautious ahead of multiple central bank policy meetings scheduled this week. However, due to weak US job data and inflation increasing at a slower pace, Fed is not expected to hint on taper plans in the upcoming meeting,” he 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 1.07 percent lower at 17,396. Key Pivot points (Fibonacci) support for the index is placed at 17360, 17,299, as well as 17,199 while resistance is placed at 17,560, 17621, and 17721.
Key support & resistance levels for Nifty Bank:
The NiftyBank closed 1.7 per cent lower at 37,145. Key Pivot points (Fibonacci) support for the index is placed at 37058, 36885, as well as 36604 while resistance is placed at 37619, 37792, and 39073.
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.
On Option front, Maximum Put OI is at 17000 followed by 17500 strikes while maximum Call OI is at 17500 followed by 18000 strikes.
Call writing is seen at 17500 then 17700 strikes while Put writing is seen at 17200 then 17400 strike and unwinding at 17600 strikes.
“Option data suggests a broader trading range in between 17000 to 17800 zones while an immediate trading range in between 17200 to 17600 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
4 Stock seeing new Long Positions:
If price increases and open interest increases, then participants are having more of long positions.
24 stock witnessing Long Cover:
If the price decreases and open interest decreases, then participants are long covering their contracts.
15 stocks witnessing short positions:
If price decreases and open interest increases, then participants are having more of short positions.
25 stock witnessing short covering:
If the price increases and open interest decreases, then Participants are short covering their contracts.
Foreign portfolio investors (FPIs) remained net buyers for Rs 92 cr in the Indian markets while Domestic Institutional Investors (DIIs) were net sellers to the tune of Rs 1626 cr, provisional data showed on the NSE.
FII Index and Stock F&O:
Kolte Patil Developers: PGIM India Mutual Fund bought 5,00,000 equity shares in the company at the weighted average price Rs 314.63 per share on the NSE, the bulk deals data showed.
Windlas Biotech Ltd: Kuber India Fund sold 1,13,468 equity shares in the company at the weighted average price Rs 379.73 per share on the NSE, the bulk deals data showed.
Visa Steel Ltd: Vikasa India EIF I Fund bought 57,90,000 equity shares in the company at the weighted average price Rs 10.25 per share on the NSE, the bulk deals data showed.
Asian Hotels (EAST) Ltd: Darshan Financial Services Pvt Ltd bought 61,265 equity shares in the company at the weighted average price Rs 187.57 per share on the NSE, the bulk deals data showed.
Stocks under F&O ban on NSE
Eight stocks - Exide Industries, Indiabulls Housing Finance, Idea, IRCTC, NALCO, PNB, SAIL & 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.)
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