Traders Watchlist: Top 12 data points to know before opening bell on December 14

The Indian market on Monday closed on a negative note, dragged by FMCG and financial stocks, as Sensex slipped by over 500 points, while Nifty50 closed above 17400-level.

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

Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said, “The Nifty, with a gap up opening, attempted to cross the hurdle of 17600 on the upside. However, it couldn’t sustain in the higher territory.”

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“The hourly chart shows that the index faced resistance near upper end of a rising channel. Also, in terms of the Fibonacci retracement, 61.8 per cent retracement of the previous fall from 18210 to 16782 acted as a crucial barrier, which attracted fresh round of selling,” he added.

According to the market analyst, “On the daily chart, the index has formed a Popgun pattern, which makes today’s high of 17639 a key resistance. The overall structure shows that the short term consolidation is likely to continue further before the index prepares for a larger up move.”

On the downside, the Nifty is expected to fill up a recent gap area, which is near 17250-17300, Ratnaparkhi said in post-market comment on Monday.

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 0.82 per cent lower at 17,368. Key Pivot points (Fibonacci) support for the index is placed at 17346, 17279, 17170, and while resistance is placed at 17562, 17629, and 17738.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.49 per cent higher at 36,925. Key Pivot points (Fibonacci) support for the index is placed at 36848, 36678, 36403 while resistance is placed at 37397, 37567, and 37841.

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 17400 then 18000 strike while Put writing is seen at 17400 then 17000 strike.

“Option data suggests a wider trading range in between 17000 to 17750 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

25 Stock seeing new Long Positions:

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

54 stock witnessing Long Cover, below are 20:

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

73 stocks witnessing short positions, below are top 20:

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

36 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 2743.44 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1351.03 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Premier Limited: Anand Rathi Global Finance Ltd sold 4,95,000 equity shares in the company at the weighted average price Rs 10 per share on the NSE, the bulk deals data showed.

Agro Phos India Limited: Societe Generale 1,02,000 equity shares in the company at the weighted average price Rs 24.59 per share on the NSE, the bulk deals data showed.

ASL Industries Limited: Tango Commosales LLP bought 3,52,000 equity shares in the company at the weighted average price Rs 31.55 per share on the NSE, the bulk deals data showed.

AVSL Industries Limited: Choice Equity Broking Private Limited sold 27,000 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 Tuesday. 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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