Traders Watchlist: Top 12 data points to know before the opening bell on January 3

Indian market closed on a higher note on the last day of 2021 with Sensex gaining over 450 points while the Nifty50 settled above 17350-mark.

Sectorally, buying interest was visible almost in all indices such as auto, metal, banking: PTI

Indian market closed on a higher note on the last day of 2021 with Sensex gaining over 450 points while the Nifty50 settled above 17350-mark.

Sectorally, buying interest was visible almost in all indices such as auto, metal, banking, financial, pharma, IT, bank and FMCG indices.

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Mohit Nigam, Head - PMS, Hem Securities said, “Benchmark Indices ended 2021 on a positive note today with Nifty closing at +0.87% and Sensex closing at +0.80%. Strong buying is seen in Auto, Metal and Realty stocks. Textile stocks gained today after the announcement of a deferred GST hike.”

“CMS Info Systems listed today with moderate gains but then strong buying was witnessed in stock which led a rally upto 20% in intraday”, Nigam added. And, it was the worst year for Gold in the last 5 years as due to global economic recovery, investors are more attracted towards equity markets rather than safe haven buying, the analyst added.

Nigam pointed out, “On the technical front, overall structure looks positive for Nifty 50 as it manages to sustain well above 17200 level on a closing basis for the last few sessions which is a positive sign for the index technically and we believe we can witness 17500 levels in near term.”

17200 and 17500 are immediate support and resistance in Nifty. For Bank Nifty, 35000 and 36000 are immediate support and resistance, the market analyst 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 0.87 per cent higher at 17,354. Key Pivot points (Fibonacci) support for the index is placed at 17269, 17230, and 17168 while resistance is placed at 17393, 17431, and 17493.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 1.19 per cent higher at 35,481. Key Pivot points (Fibonacci) support for the index is placed at 35212, 35098 and 34914 while resistance is placed at 35582, 35696, and 35880.

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 17200 to 17500 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited said.

12 Stock seeing new Long Positions:

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

10 stock witnessing Long Cover:

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

03 stocks witnessing short positions:

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

110 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 buyers for Rs 575.39 cr in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1165.62 cr, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Cantabil Retail Ltd: Mansi Shares & Stock Advisors bought 32,000 shares in the company at the weighted average price Rs 347.21 per share on the NSE, the bulk deals data showed.

CMS Info Systems: Mathew Cyriac sold 7,50,000 equity shares in the company at the weighted average price Rs 250.21 per share on the NSE, the bulk deals data showed.

Zee Learn: Indusind Bank Ltd Client A/C sold 18,00,000 equity shares in the company at the weighted average price Rs 15.86 per share on the NSE, the bulk deals data showed.

Intrasoft Tech: Karuna Mittal sold 1,50,000 equity shares in the company at the weighted average price Rs 219.57 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 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.

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