Traders Watchlist: Top 12 data points to know before opening bell on December 23

The Indian markets extended gain for the second straight session, as the Sensex closed over 600 points higher, and Nifty50 ended above 16950-level on Wednesday.

Sectorally, buying was visible in almost all indices including Bank, FMCG, Financial, Auto, Media, and Realty stocks: PTI

The Indian markets extended gain for the second straight session, as the Sensex closed over 600 points higher, and Nifty50 ended above 16950-level on Wednesday.

Sectorally, buying was visible in almost all indices including Bank, FMCG, Financial, Auto, Media, and Realty stocks.

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“The Nifty continued with the pullback that had started from the junction of the 40 WEMA & the weekly lower Bollinger Band. With this, the index has filled up the gap of 16840 – 16966, which was created on the daily chart during the recent leg of the fall,” Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan said.

“The hourly chart shows that the index has now reached a falling trendline. In terms of the level, 17000 is a key barrier to watch out for. If the bulls manage to surpass this hurdle on a closing basis then the recovery can continue till 17200 in the short term, the analyst said in a note.

On the other hand, failure to cross the 17000 mark on a closing basis would drag the index back to the daily lower Bollinger Band, which is near 16670, Ratnaparkhi 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 1.1 per cent higher at 16,955. Key Pivot points (Fibonacci) support for the index is placed at 16857, 16821, 16763, and while resistance is placed at 16973.17, 17008.93, and 17066.8

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 1.22 per cent higher at 35,029. Key Pivot points (Fibonacci) support for the index is placed at 34780, 34680, 34518 while resistance is placed at 35105, 35205, and 35367

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 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 17200 then 17100 strike while Put writing is seen at 16900 then 16800 strike.

“Option data suggests a wider trading range in between 16600 to 17200 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

89 Stock seeing new Long Positions, below are top 20:

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

05 stock witnessing Long Cover:

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

20 stocks witnessing short positions:

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

75 stock witnessing short covering, below are top 20:

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 827.26 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1593.41 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Veto Switchgear Cable Ltd: Authum Investment & Infrastructure Limited bought 2,00,000 shares in the company at the weighted average price Rs 99 per share on the NSE, the bulk deals data showed.

Goldstone Tech Ltd: Guttikonda Rajasekhar has bought 1,75,000 equity shares in the company at the weighted average price Rs 88.79 per share on the NSE, the bulk deals data showed.

Megasoft Limited: Lakshmi Guttikonda Vara bought 5,16,126 equity shares in the company at the weighted average price Rs 84.76 per share on the NSE, the bulk deals data showed.

Sintex Industries Ltd: Manjeet Cotton Private Limited sold 35,00,000 equity shares in the company at the weighted average price Rs 13.3 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

Four stocks: Indiabulls Housing, Escorts, Idea and ZEEL 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.)

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