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

Indian market closed in the green for the second consecutive day in a row on Tuesday this week. The S&P BSE Sensex gained over 175 points while the Nifty50 failed to hold on to 18000 levels.

Sectorally, selling pressure was visible in the information and technology index: PTI

Indian market closed in the green for the second consecutive day in a row on Tuesday this week. The S&P BSE Sensex gained over 175 points while the Nifty50 failed to hold on to 18000 levels.

Sectorally, selling pressure was visible in the information and technology index while buying interest was seen in FMCG, auto, metal, realty, banking, and financial stocks.

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“The Nifty, on the occasions of minor degree dips, has been taking support near the key hourly moving averages for the last few sessions,” Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said in a note on Tuesday.

He added, “The same was observed today as well. Despite of a negative start the index received buying support near those averages & the Nifty took a leap thereon. So the benchmark index continues to hover around the 18000 mark however is yet to cross that barrier on a closing basis.”

“So some more confirmation is needed to qualify the up move as a fresh rally. On the other hand, 17860-17900 will continue to act as a near term support zone,” Ratnaparkhi also said.

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 0.26 percent higher at 17,991. Key Pivot points (Fibonacci) support for the index is placed at 17900, 17866, as well as 17811 while resistance is placed at 18010, 18044, and 18098.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.6 per cent higher at 38,521. Key Pivot points (Fibonacci) support for the index is placed at 38247, 38137, as well as 37960 while resistance is placed at 38602, 38712, and 38890.

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 the Option front, 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 at 18000 then 18100 strike while Put writing is seen at 17900 strike.

“Option data suggests a broader trading range in between 17400 to 18200 zones while an immediate trading range in between 17700 to 18200 zones,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

24 Stock seeing new Long Positions:

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

03 stock witnessing Long Cover:

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

14 stocks witnessing short positions:

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

18 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 278.32 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net sellers to the tune of Rs 741.22 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Jain Irrigation Systems: Employees Retirement System Of Texas - Self Managed Portfolio bought 25,57,922 equity shares in the company at the weighted average price Rs 49.63 per share on the NSE, the bulk deals data showed.

Orient Paper: L7 Hitech Private Limited bought 21,00,000 equity shares in the company at the weighted average price Rs 32.53 per share on the NSE, the bulk deals data showed.

Moksh Ornaments Limited: Narayanswamy Venkitkrishnan sold 2,96,500 equity shares in the company at the weighted average price Rs 37.5 per share on the NSE, the bulk deals data showed.

Best Agrolife Limited: Sunidhi Securities & Finance Ltd bought 1,20,000 equity shares in the company at the weighted average price Rs 1001.33 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

Nine stocks – Bank of Baroda, BHEL, 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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