Traders Watchlist: Top 12 data points to know before the share market opening bell on Friday

Indian market closed in the red for the third consecutive day in a row on Thursday. The S&P BSE Sensex slipped over 300 points while the Nifty50 failed to hold on to 18300 levels.

Sectorally, selling pressure was visible in information and technology, metal, FMCG, and pharma indices: PTI

The Indian markets closed in the red for the third consecutive day in a row on Thursday. The S&P BSE Sensex slipped over 300 points, while the Nifty50 failed to hold on to 18300 levels.

Sectorally, the selling pressure was visible in information and technology, metal, FMCG, and pharma indices, while buying interest was seen in the banks, financial service, and auto stocks.

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Sharekhan by BNP Paribas Head of Technical Research Gaurav Ratnaparkhi said, “The Nifty opened gap up only to face a fresh round of selling near the 20-hour moving average. On the way down, it breached the level of 18200. However, it received support as it approached the 18000 level.”

The daily chart shows that the index tested a rising trendline on the downside from where it bounced to some extent towards the end of the session. Thus the Nifty is trading near its short-term supports, which can either lead to a minor degree bounce or a sideways action, he added.

Ratnaparkhi pointed out, “The downside looks protected at 18000 from a short-term perspective. On the other hand, 18400-18500 will be the hurdle zone for a minor degree bounce. Overall, the Nifty is expected to continue with the short-term consolidation.”

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 0.48 percent lower at 18,178.1. Key Pivot points (Fibonacci) support for the index is placed at 18075.0, 17995.66, as well as 17867.23 while resistance is placed at 18331.86, 18411.2, and 18539.63.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 1.3 per cent lower at 40,030. Key Pivot points (Fibonacci) support for the index is placed at 39591.22, 39408.95, as well as 39113.94 while resistance is placed at 40181.25, 40363.51, and 40658.53.

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, Maximum Put OI is at 17500 followed by 18000 strike while the maximum Call OI is at 18200 followed by 18500 strike. Call writing is seen at 18200 then 18400 strike while minor Put writing is seen at 18200 than 18100 strike.

"Option data suggests an immediate trading range in between 18000 to 18500 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.

08 stock witnessing Long Cover:

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

31 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 2818.9 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 428.45 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Himadri Speciality Chemical: BC India Investments sold 1,08,24,370 equity shares in the company at the weighted average price Rs 50.9 per share on the NSE, the bulk deals data showed.

Sical Logistics: Kuber India Fund sold 4,83,427 equity shares in the company at the weighted average price Rs 17.11 per share on the NSE, the bulk deals data showed.

Visa Steel Ltd: LTS Investment Fund sold 47,07,122 equity shares in the company at the weighted average price Rs 15.85 per share on the NSE, the bulk deals data showed.

Welspun Corp Limited: Wisdomtree Emerging Markets Smallcap Dividend Fund sold 20,43,994 equity shares in the company at the weighted average price Rs 130.45 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

Ten stocks – Amara Raja, Escorts, Idea, IRCTC, L&T Finance, NALCO, PNB, SAIL, Sun TV and Tata Power - 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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