Traders Watchlist: Top 12 data points to know before opening bell on December 15

The Indian market for the second straight session on Tuesday closed on a negative note, dragged by Auto, FMCG and financial stocks, as Sensex slipped 166 points, Nifty50 settled below 17350-level.

Sectorally, selling was visible in all indices such as FMCG, Financial, Auto, Bank, and Realty: PTI

The Indian market for second straight session on Tuesday closed on a negative note, dragged by Auto, FMCG and financial stocks, as Sensex slipped 166 points, Nifty50 settled below 17350-level.

Sectorally, selling was visible in all indices such as FMCG, Financial, Auto, Bank, and Realty, while buying was witnessed in IT, media, metal and pharma indices.

Palak Kothari Research Associate Choice Broking said, “The index has confirmed the Bearish Engulfing Candlestick pattern on a daily time frame which suggests weakness for the next trading session on the technical front.”

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Moreover, the price also moved below 21&50 HMA, which suggests a lower trend for the next trading day, the market analyst added in his post market comment.

“A momentum indicator MACD suggested a negative crossover on the Hourly time frame, which confirmed a bearish move for the upcoming session,” the market analyst further said.

At present, the Index has support at 17150 levels while resistance comes at 17500 levels. On the other hand, Bank nifty has support at 36300 levels while resistance at 37700 levels, Kothari 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 0.25 per cent lower at 17,325. Key Pivot points (Fibonacci) support for the index is placed at 17251, 17216, 17158, and while resistance is placed at 17366, 17401, and 17459.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.08 per cent higher at 36,894. Key Pivot points (Fibonacci) support for the index is placed at 36637, 36521, 36332 while resistance is placed at 37014, 37131, and 37319.

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 17300 then 17000 strike.

“Option data suggests a wider trading range in between 17000 to 17700 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

47 Stock seeing new Long Positions:

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

33 stock witnessing Long Cover:

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

60 stocks witnessing short positions, below are top 20:

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

48 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 763.18 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 425.43 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Premier Limited: Anand Rathi Global Finance Ltd sold 3,46,000 equity shares in the company at the weighted average price Rs 10.5 per share on the NSE, the bulk deals data showed.

Anand Rathi Wealth: Kamna Credits and Promoters bought 3,00,000 equity shares in the company at the weighted average price Rs 600 per share on the NSE, the bulk deals data showed.

Kotyark Industries Ltd: Dhara Pareshbhai Prajapati bought 46,000 equity shares in the company at the weighted average price Rs 100 per share on the NSE, the bulk deals data showed.

B.C. Power Controls: Ecotek General Trading L.L.C sold 23,74,959 equity shares in the company at the weighted average price Rs 3.75 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 Wednesday. 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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