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

The Indian markets on Friday closed on a positive note, as the Reserve Bank of India kept the key rates unchanged for the eighth time so far. The benchmark indices — Sensex closed over 350 points reclaiming the 60000-mount at the close, while Nifty traded near 17900-level.

Sectorally, selling pressure was visible in FMCG, financial service, pharma and realty indices: PTI

The Indian markets on Friday closed on a positive note, as the Reserve Bank of India kept the key rates unchanged for the eighth time so far. The benchmark indices — Sensex closed over 350 points reclaiming the 60000-mount at the close, while Nifty traded near 17900-level.

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

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“The Nifty posted a positive weekly close for the week gone by & formed an Inside bar on the weekly chart. The index is witnessing consolidation for the last couple of weeks & is currently trading near upper end of the range.” Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said in a note.

“On October 08, the Nifty crossed a swing high of 17884 as well as a falling trendline from the previous swing highs. However the bears didn’t allow the index to cross the recent high of 17947 as well as the daily upper Bollinger Band,” he added.

Ratnaparkhi also said, “So the index is trading right into the hurdle zone of 17900-17950. Also, the psychological mark of 18000 is adding pressure on the higher side. These barriers are expected to keep the index in the short-term consolidation phase. On the downside, 17840-17800 is an immediate support zone below which the bears can take charge & push the index down to 17600.”

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 0.6 percent higher at 17,895. Key Pivot points (Fibonacci) support for the index is placed at 17853.66, 17829, as well as 17790 while resistance is placed at 17931, 17955, and 17993.

Key support & resistance levels for Nifty Bank

The NiftyBank closed 0.06 per cent higher at 37,775. Key Pivot points (Fibonacci) support for the index is placed at 37687, 37585, as well as 37420 while resistance is placed at 38016, 38117, and 38282.

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 data, Maximum Put OI is at 17000 followed by 17500 strike while maximum Call OI is at 18000 followed by 18500 strike. Minor call writing is seen 18200 then 18500 strike while Put writing is seen at 17900 then 17800 strike.

“Option data suggests a broader trading range in between 17400 to 18200 zones while an immediate trading range in between 17600 to 18000 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

31 Stock seeing new Long Positions:

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

02 stock witnessing Long Cover:

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

08 stocks witnessing short positions:

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

11 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 64.01 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net sellers to the tune of Rs 168.19 crore, provisional data showed on the NSE

FII Index and Stock F&O:

Bulk Deals:

Nazara Technologies: WHV-EAM International Small Cap Equity Fund bought 2,14,823 equity shares in the company at the weighted average price Rs 3011.27 per share on the NSE, the bulk deals data showed.

STL Global Limited: Radar Vision bought 3,72,609 equity shares in the company at the weighted average price Rs 13.98 per share on the NSE, the bulk deals data showed.

Consolidated Finvest: Manu Vyapar sold 2,25,000 equity shares in the company at the weighted average price Rs 171.2 per share on the NSE, the bulk deals data showed.

Lokesh Machines: PCS Securities sold 1,00,000 equity shares in the company at the weighted average price Rs 52.5 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

Seven stocks – Canara Bank, Indiabulls Housing Finance, IRCTC, NALCO, PNB, SAIL & Sun TV - are under the F&O ban. 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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