Traders Watchlist: Top 12 data points to know before market opening bell on December 10

The Indian market extended gains for the third straight session as Sensex surged over 150 points and Nifty50 reclaimed 17500-level on Thursday, led by FMCG and metal stocks.

Sectorally, buying was visible in all indices such as Metal, FMCG, Media, Auto indices: PTI

The Indian market extended gains for the third straight session as Sensex surged over 150 points and Nifty50 reclaimed 17500-level on Thursday, led by FMCG and metal stocks.

Sectorally, buying was visible in all indices such as Metal, FMCG, Media, Auto indices and selling was witnessed in Bank, Financial, IT and Realty stocks

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Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said, “The Nifty witnessed a tough battle between the bulls & the bears near the key hurdle zone of 17500-17600.”

“With the recent bounce, the index has reached its crucial daily moving averages, which acted as a cap for the day. 17500-17600 had acted as a strong resistance in the recent past that had induced the bears into action, Ratnaparkhi said in post market comment on Thursday.

“If the Nifty crosses the level of 17600 on a closing basis then it will allow the index to march further towards 18000. On the other hand, failure to hold the ground over here will push the index down to 17300-17250 in order to fill up a recent gap area on the daily chart,” the market analyst added.

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 0.27 per cent higher at 17,517. Key Pivot points (Fibonacci) support for the index is placed at 17417, 17378, 17316, and while resistance is placed at 17542, 17580, and 17643.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.54 per cent higher at 37,082. Key Pivot points (Fibonacci) support for the index is placed at 36925, 36804, 36608 while resistance is placed at 37317, 37438, and 37634.

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 Call OI is at 18000 then 17500 strike while Maximum Put OI is at 17000 then 16000 strike. Call writing is seen at 17900 then 17600 strike while Put writing is seen at 17200 then 17300 strike.

“Option data suggests a wider trading range in between 17100 to 17750 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

63 Stock seeing new Long Positions, below are top 20:

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

22 stock witnessing Long Cover:

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

46 stocks witnessing short positions:

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

57 stock witnessing short covering, below are 20:

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 1585.55 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 782.84 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Go Fashion Indian Limited: SBI Mutual Funds have picked up 15,00,000 equity shares in the company at the weighted average price Rs 1172 per share on the NSE, the bulk deals data showed.

MT Educare Ltd: Axis Bank Limited sold 3,85,774 equity shares in the company at the weighted average price Rs 7.54 per share on the NSE, the bulk deals data showed.

RELCAPITAL LTD- Depo Set: Topgain Finance Private Limited bought 15,03,000 equity shares in the company at the weighted average price Rs 12.77 per share on the NSE, the bulk deals data showed.

IIFL Finance Limited: Smallcap World Fund INC bought 35,61,730 equity shares in the company at the weighted average price Rs 300 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

Two stocks: Indiabulls Housing Finance and Escorts placed under the F&O ban on Friday. 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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