Traders Watchlist: Top 12 data points to know before opening bell on December 21

The Sensex closed nearly 1200 points lower, and Nifty50 ended at an important level of 16600 on Monday.

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

The Indian markets undergoing a phase of consolidation in the last two months and the sell-off is due to a rapid rise in FIIs selling triggered by hawkish world central banks’ policy. The Sensex closed nearly 1200 points lower, and Nifty50 ended at an important level of 16600 on Monday.

Sectorally, massive selling was visible in almost all indices such as Bank, FMCG, Financial, Auto, Media, and Realty stocks.

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“We almost hit the target of 16400 and the Nifty witnessed a bounce. The trend however continues to remain bearish and we could use higher levels to go short for the next target of 16150-16200. The upside for the index is currently capped and the trend is clearly down,” Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments said in a post-market comment.

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 2.18 per cent lower at 16,614. Key Pivot points (Fibonacci) support for the index is placed at 16457, 16355, 16191, and while resistance is placed at 16785, 16887, and 17051

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 3.31 per cent lower at 34,439. Key Pivot points (Fibonacci) support for the index is placed at 34099, 33813, 33350 while resistance is placed at 35026, 35312, and 35775

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 17000 strike while Maximum Put OI is at 16500 then 16000 strike. Call writing is seen at 16800 then 16600 strike while minor Put writing is seen at 15800 then 15700 strike.

“Option data suggests a wider trading range in between 16300 to 17000 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

No Stock seeing new Long Positions:

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

138 stock witnessing Long Cover, below are top 20:

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

42 stocks witnessing short positions, below are top 20:

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

08 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 3565.36 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 2764.02 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Shriram Properties: Nomura India Investment Fund Mother Fund - The MTBJ AC Nomura India Inves FD bought 20,00,000 equity shares in the company at the weighted average price Rs 95.53 per share on the NSE, the bulk deals data showed.

Bannari Amman Spinning Mills: Anand Rathi Global Finance Ltd bought 5,00,000 equity shares in the company at the weighted average price Rs 66.2 per share on the NSE, the bulk deals data showed.

Future Enterprises: Enam Finance Pvt Ltd sold 50,00,000 equity shares in the company at the weighted average price Rs 11.6 per share on the NSE, the bulk deals data showed.

Usha Martin Edu & Sol Ltd: Usha Martin Ventures Ltd picked up 5,00,000 equity shares in the company at the weighted average price Rs 5.6 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

Two stocks: Indiabulls Housing and Escorts 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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