Traders Watchlist: Top 12 data points to know before the opening bell on December 31

Indian market closed on flat note with negative bias during Thursday’s session. The S&P BSE Sensex slipped over 12 points while the Nifty50 retained key sentimental level of 17200.

Sectorally, selling interest was visible in auto, financial, media, metal and realty stocks: PTI

Indian market closed on flat note with negative bias during Thursday’s session. The S&P BSE Sensex slipped over 12 points while the Nifty50 retained key sentimental level of 17200.

Sectorally, selling interest was visible in auto, financial, media, metal and realty stocks and buying interest was seen in pharma, IT, bank and FMCG indices.

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Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said, “The Nifty traded in a narrow range throughout the day & ultimately posted a negative daily close. For the last couple of sessions it is trading in a range bound manner & has formed candles resembling Doji pattern on the daily chart. This shows exhaustion in the pullback.”

He added, “Formation of these candles below the junction of a falling trendline & the 40 DEMA suggests that the index is encountering a tough barrier on the higher side. In terms of the levels, 17300 is keeping the rise in check & can continue to pose as a key hurdle.”

Unless the level of 17300 gets taken out on a closing basis the Nifty is expected to take a dip in order to fill up a recent gap area of 17161 – 17112 with a potential to test 17000 on the downside, Ratnaparkhi said in his post market comment on Thursday.

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 0.06 percent lower at 17,203. Key Pivot points (Fibonacci) support for the index is placed at 17159, 17131, and 17086 while resistance is placed at 17249, 17277, and 17322.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.05 per cent higher at 35,063. Key Pivot points (Fibonacci) support for the index is placed at 34834, 34733 and 34570 while resistance is placed at 35161, 35262, and 35425.

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, since it is the beginning of new series, option data is scattered at various strike price. Maximum Call OI is at 17500 then 18000 strike while Maximum Put OI is at 17000 then 16500 strike.

“Option data suggests a wider trading range between 16700 to 17700 zones while immediate trading range in between 17000 to 17400 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited said.

17 Stock seeing new Long Positions:

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

82 stock witnessing Long Cover, below are top 20:

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

32 stocks witnessing short positions:

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

54 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 986.32 cr in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 577.74 cr, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Cantabil Retail Ltd: Authum Investment & Infrastructure Limited bought 4,21,000 shares in the company at the weighted average price Rs 731 per share on the NSE, the bulk deals data showed.

Nupur Recyclers Limited: Manglam Financial Services 1,10,000 equity shares in the company at the weighted average price Rs 97.5 per share on the NSE, the bulk deals data showed.

Zee Learn: Indusind Bank Ltd Client A/C sold 35,00,000 equity shares in the company at the weighted average price Rs 15.14 per share on the NSE, the bulk deals data showed.

Force India: Intellect Stock Broking Limited sold 34,800 equity shares in the company at the weighted average price Rs 225.76 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

No stock under the F&O ban on Friday. 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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