Traders Watchlist: Top 12 data points to know before opening bell on December 16

The Indian market for a third straight session on Wednesday closed on a negative note, dragged by IT, Metal and Pharma stocks, as Sensex slipped 330 points, Nifty50 settled below 17250-level.

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

The Indian market for a third straight session on Wednesday closed on a negative note, dragged by IT, Metal and Pharma stocks, as Sensex slipped 330 points, Nifty50 settled below 17250-level.

Sectorally, selling was visible in almost all indices such as FMCG, Financial, Auto, Bank, and Realty, while buying was witnessed only in the Auto index.

Rohit Singre, Senior Technical Analyst at LKP Securities said, One more negative session as the index closed a day at 17221 with loss of nearly one percent and formed a bearish candle on the daily chart.

TRENDING NOW

According to Singre, “The Index managed to close a day near good support zone of 17200 if managed to hold above-said levels we may see swift bounce otherwise we may see more drag down towards 17100-17000 mark which are another support zone on the downside.”

He added, “On the higher side immediate hurdle is formed near the 17300-17400 zone and if we cross above-said levels one can expect a positive breakout.”

“On the technical front, the index has been trading with lower highs & lower lows from the last three trading sessions which points out the weakness in the counter. Moreover, the index has been facing resistance from 21-DMA and sustained below the same which adds bearish momentum for the next day.” Palak Kothari Research Associate Choice Broking said in a post-market comment on Wednesday.

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 0.60 per cent lower at 17,221. Key Pivot points (Fibonacci) support for the index is placed at 17194, 17156, 17095, and while resistance is placed at 17315, 17353, and 17413.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.28 per cent higher at 36,788. Key Pivot points (Fibonacci) support for the index is placed at 36742, 36661, 36531 while resistance is placed at 37002, 37082, and 37212.

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 17600 then 17200 strike while minor Put unwinding is seen at 17300 then 17400 strike.

“Option data suggests a wider trading range in between 17000 to 17500 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

18 Stock seeing new Long Positions:

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

60 stock witnessing Long Cover, below are top 20:

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

82 stocks witnessing short positions, below are top 20:

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

29 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 3407.04 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1553.01 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Premier Limited: Anand Rathi Global Finance Ltd sold 5,00,000 equity shares in the company at the weighted average price Rs 11 per share on the NSE, the bulk deals data showed.

Ansal Housing & Construction: HDFC sold 21,50,000 equity shares in the company at the weighted average price Rs 13.94 per share on the NSE, the bulk deals data showed.

Vikas Ecotech Limited: Krishnapal Singh Katiyar bought 15,60,000 equity shares in the company at the weighted average price Rs 0.3 per share on the NSE, the bulk deals data showed.

Shrenik Limited: Shrenik Sudhirbhai Vimavala sold 52,30,000 equity shares in the company at the weighted average price Rs 2.28 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 Thursday. 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.)

TAGS:

traders watchlist