Traders Watchlist: Top 12 Data Points You Need To Know Before The Stock Exchange Opening Bell Thursday
The Indian market finished in the red on Wednesday, with Sensex and Nifty50 each falling more than half a percent at the close, led by private banks and Reliance Industries.
From a sector perspective, selling pressures were observed on banking, financial, real estate, pharmaceuticals and metals indices, while buying interest was only visible on automotive, retail and industrial stocks. computer and media Wednesday.
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“The Nifty saw sustained selling pressure for another session. An intraday rebound has encountered resistance near the key hourly moving averages and DMA of 20, ”said Gaurav Ratnaparkhi, head of technical research at Sharekhan by BNP Paribas.
Ratnaparkhi said, “From there the clue nosedived towards the end of the session. As a result, Nifty entered the near term support area of 17900-17800. The hourly chart shows that the index has reached the lower end of the bullish channel with a minor breach to the downside. “
“Going forward, the junction of 40 DEMA and the swing low on the daily chart, which is near 17800, will be the key support to watch. There is a possibility of a rebound as long as the 17800 level holds on a closing basis. A short-term hurdle is paced at 18,000-18050 at its highest, he added.
Here is a list of 12 data points that will help you make a profitable trade.
Main support and resistance levels for Nifty50:
The Nifty50 closed 0.56% lower at 17,898. Support for the index’s key pivot points (Fibonacci) is placed at 17790, 17844 and 17878 while resistance is placed at 17988, 18022 and 18077.
Main support and resistance levels for Nifty Bank:
NiftyBank closed 0.69% lower at 38,041. Support for the index’s key pivot points (Fibonacci) is placed at 37684, 37866, 37978 while resistance is placed at 38341, 38453 and 38634.
Gross gross interest:
Open interest refers to the number of open or pending contracts in NSE futures trading at any given time. A seller and a buyer together create a contract.
Here the gross values of the open interest positions taken by the four participants, i.e. clients are clients, are individual retail investors who invest in derivatives, DIIs are domestic individual investors, FIIs are investors Foreign Institutional and Pro are the owners and brokerage firms that trade. in their own name.
On the option front, the maximum OI call is at 18,500 then 19,000 strike while the maximum OI put is at 17,500 then 17,400 strike. The call entry is seen at 18100 then 18000 strike while the Put entry is seen at 17400 then 17500 strike.
“Options data suggests a trading range between 17,700 and 18,100 zones”, Chandan Taparia, vice president | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
28 Stocks seeing new long positions:
If the price rises and open interest rises, participants have more long positions.
55 actions demonstrating long coverage:
If the price goes down and the open interest goes down, then the participants hedge their contracts for a long time.
74 stocks subject to short positions:
If the price goes down and the open interest goes up, then participants have more short positions.
33 actions showing short coverage:
If the price increases and the open interest decreases, then participants do not hedge their contracts.
Foreign portfolio investors (REITs) remained net sellers at Rs 344.35 crore in Indian markets, while domestic institutional investors (DII) were net sellers at Rs 61.14 crore, data shows provisional documents published on the NSE.
FII index and F&O stock:
ASL Industries: Zuber Trading LLP bought 1,88,000 shares of the company at a weighted average price of 23.55 rupees per share on the NSE, according to wholesale transaction data.
SEL Manufacturing Co Ltd: Puneet Singla bought around 2,000 shares of the company at a weighted average price of 10.2 rupees per share on the NSE, according to wholesale transaction data.
AKG Exim Limited: Marvel Realtech Private Limited bought 100,000 shares of the company at a weighted average price of Rs 39 per share on NSE, according to wholesale transactions data.
Libas Consu Products Ltd: Ritesh Properties And Industries Limited bought 1,000,000 shares of the company at a weighted average price of 45.25 rupees per share on NSE, according to wholesale transaction data.
Stocks under F&O ban on NSE
Six stocks: IRCTC, Sun TV, BHEL, Indiabulls Housing Finance, SAIL and National Aluminum were placed under F&O ban on Monday. Securities subject to the blackout period in the M&O segment include companies in which the security has exceeded 95% of the market-wide position limit.
(Disclaimer: The views / suggestions / advice expressed here in this article are solely by investment experts. Zee Business suggests that its readers consult their investment advisers before making a financial decision.)