Traders Watchlist: Top 12 data points to know before market opening bell on December 13

The Indian market during Friday’s session halted a three-day rally to end flat with a negative bias as Sensex slipped marginally by 20 points, while Nifty50 closed above 17500-level.

Sectorally, buying was visible in all indices such as Auto, Bank, Media, Realty and Metal:

The Indian market during Friday’s session halted a three-day rally to end flat with a negative bias as Sensex slipped marginally by 20 points, while Nifty50 closed above 17500-level.

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

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Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said, “The Nifty witnessed a strong bounce in the week gone by, which has brought the index to a crucial resistance zone of 17500-17600.”

The recent past shows that the index had stumbled near this barrier, which had attracted selling pressure. This time, the key DMAs are also near this zone thus putting additional pressure on the index. So the Nifty is consolidating near this hurdle for the last couple of sessions, he added.

Structurally, the consolidation can continue for some more time before the Nifty prepares for the next leg on the upside, the market analyst said in his comment.

The index can take a dip towards 17300-17250 in order to fill up a recent gap area on the daily chart. On the other hand, once the level of 17600 is crossed on a closing basis, it will make a room for the Nifty to take a shot at 18000 subsequently, Ratnaparkhi 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 0.03 per cent lower at 17,511. Key Pivot points (Fibonacci) support for the index is placed at 17434, 17403, 17354, and while resistance is placed at 17532, 17563, and 17612.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.06 per cent higher at 37,105. Key Pivot points (Fibonacci) support for the index is placed at 36902, 36824, 36698 while resistance is placed at 37153, 37230, and 37356.

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.

56 Stock seeing new Long Positions:

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

23 stock witnessing Long Cover:

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

53 stocks witnessing short positions, below are top 20:

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

52 stock witnessing short covering, below are top 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 1092.4 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 386.63 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Premier Limited: Anand Rathi Global Finance Ltd sold 2,35,000 equity shares in the company at the weighted average price Rs 9.55 per share on the NSE, the bulk deals data showed.

Jump Networks Limited: Piyushkumar Thumar sold 5,94,000 equity shares in the company at the weighted average price Rs 9.41 per share on the NSE, the bulk deals data showed.

Beardsell Limited: Anumolu Bharat sold 2,94,667 equity shares in the company at the weighted average price Rs 13.25 per share on the NSE, the bulk deals data showed.

Libas Consu Products Ltd: Anish J Saraf HUF sold 1,22,355 equity shares in the company at the weighted average price Rs 31.55 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

Three stocks: Indiabulls Housing Finance, Escorts, Idea are placed under the F&O ban on Monday. 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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