Traders Watchlist: Top 12 data points to know before opening bell on December 20

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

The Indian markets opened with a downtick on Friday and declined further as the day progressed to close around the day’s low. Both the benchmark indices — Sensex and Nifty50 ended over 1.5 per cent lower, even both midcap and smallcap ended lower by 2.6 and 2.4 per cent respectively.

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

Markets resumed the corrective phase and shed nearly one and a half percent following weak global cues, Ajit Mishra, VP - Research, Religare Broking Ltd said in his post market comment on Friday

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Apart from the policy tightening, a sharp rise in the COVID cases globally has renewed participants’ worries and we feel it may aggravate further in absence of any major positive, the analyst said.

According to Mishra, “On the index front, Nifty is likely to retest the previous swing lows and the 16,900-16,700 zone would be critical. Participants should align their positions accordingly and prefer hedged bets.”

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 1.53 per cent lower at 16,985. Key Pivot points (Fibonacci) support for the index is placed at 16956, 16878, 16751, and while resistance is placed at 17210, 17288, and 17415.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 2.54 per cent lower at 35,618. Key Pivot points (Fibonacci) support for the index is placed at 35513, 35273, 34885 while resistance is placed at 36289, 36529, and 36917.

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 16500 strike. Call writing is seen at 17100 then 17200 strike while Put writing is seen at 16800 then 16500 strike.

“Option data suggests a lower trading range in between 16750 to 17350 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

04 Stock seeing new Long Positions:

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

120 stock witnessing Long Cover, below are top 20:

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

56 stocks witnessing short positions, below are top 20:

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

09 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 2069.9 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1478.52 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

RateGain Travel and Technologies: Goldman Sachs Funds - Goldman Sachs India Equity Portfolio bought 7,19,727 equity shares in the company at the weighted average price Rs 361.71 per share on the NSE, the bulk deals data showed.

Apar Industries Limited: HDFC Mutual Fund bought 2,00,000 equity shares in the company at the weighted average price Rs 748.8 per share on the NSE, the bulk deals data showed.

Kalpataru Pow Trans Ltd: Kalpataru Properties Private Limited sold 36,50,000 equity shares in the company at the weighted average price Rs 370 per share on the NSE, the bulk deals data showed.

Digiam Ltd: Mansi Shares & Stock Advisors Pvt Ltd sold 16,637 equity shares in the company at the weighted average price Rs 150.8 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

Three stocks: Indiabulls Housing, Escorts and 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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