Traders Watchlist: Top 12 data points to know before market opening bell on November 30

The Indian markets ended Monday’s session on a positive note amid volatile trade, as Sensex closed over 150 points higher and nifty above 17050-level, led by IT and some financial stocks at the close.

Sectorally, selling interest was visible in metal, auto, banking, media, realty indices: PTI

The Indian markets ended Monday’s session on a positive note amid volatile trade, as Sensex closed over 150 points higher and nifty above 17050-level, led by IT and some financial stocks at the close.

Sectorally, selling interest was visible in metal, auto, banking, media, realty indices and buying was seen in only IT stocks.

Sachin Gupta, AVP – Research, Choice Broking, said “On the technical chart, the nifty index has formed a bearish candlestick and closed below the Lower Bollinger Band formation. The index has also settled below 50-days SMA, which indicates some weakness.”

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Moreover, a momentum indicator Stochastic & MACD has witnessed negative crossovers, which point-out a weakness in the index, he further said.

“The Nifty has support at 16900/16700 levels while resistance at 17300 levels. On the other hand, Bank nifty has support at 35300/34800 levels and resistance at 36600/37400 levels, Gupta 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 0.08 per cent higher at 17,053. Key Pivot points (Fibonacci) support for the index is placed at 16854, 16765, 16620, and while resistance is placed at 17143, 17232, and 17377.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.14 per cent lower at 35,976. Key Pivot points (Fibonacci) support for the index is placed at 35897, 35669, 35301 while resistance is placed at 36634, 36862, and 37230.

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:

“Option data is scattered at various far strikes. On Option front, Maximum Call OI is at 18000 then 19000 strike while Maximum Put OI is at 17000 then 16000 strike. Option data suggests a trading range in between 16500 to 17500 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

30 Stock seeing new Long Positions:

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

52 stock witnessing Long Cover, below are the top 20:

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

81 stocks witnessing short positions, below are the top 20:

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 3332.21 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 4611.41 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Simran Farms: Dolly Khanna has bought 19,642 equity shares in the company at the weighted average price Rs 167.96 per share on the NSE, the bulk deals data showed.

Aurum Proptech: Vora Financial Services has sold 1,53,190 equity shares in the company at the weighted average price Rs 202.12 per share on the NSE, the bulk deals data showed.

Bodhi Tree Multimedia: Kailashben Ashokkumar Patel bought 10,800 equity shares in the company at the weighted average price Rs 151.09 per share on the NSE, the bulk deals data showed.

Debock Sale Marketing: Nanalal Bhanji Dudhaiya picked up 42,000 equity shares in the company at the weighted average price Rs 89.45 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

One stock: Indiabulls Housing Finance was 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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