Traders Watchlist: Top 12 Data Points to Know Before the Market Opening Bell on December 13

The Indian market during Friday’s session halted a three-day rally to end flat with negative bias as Sensex slipped 20 points slightly, while Nifty50 closed above the 17,500 level.

Sector-wise, buying was visible in all indices such as automotive, banking, media, real estate and metals, selling was seen in financial, FMCG, IT and pharmaceutical indices.

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Gaurav Ratnaparkhi, Head of Technical Research at Sharekhan by BNP Paribas, said: “Nifty has seen a strong rebound over the past week, which has brought the index to a crucial resistance area of ​​17500-17600.

The recent past shows that the index had stumbled close to this barrier, which had attracted selling pressure. This time around, the key DMAs are also close to this area, putting additional pressure on the index. So the Nifty is consolidating near that hurdle for the last two sessions, he added.

Structurally, consolidation may continue for a bit longer before the Nifty prepares for the next bullish step, the market analyst said in his commentary.

The index may dip to 17300-17250 to close a recent area of ​​gap on the daily chart. On the other hand, once the 17,600 level is crossed on a closing basis, it will allow the Nifty to subsequently shoot to 18,000, Ratnaparkhi said.

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 0.03% lower at 17,511. Support for the index’s key pivot points (Fibonacci) is placed at 17434, 17403, 17354, and while resistance is placed at 17532, 17563 and 17612 .

Main support and resistance levels for Nifty Bank:

NiftyBank closed 0.06% higher at 37,105. Support for the index’s key pivot points (Fibonacci) is placed at 36902, 36824, 36698 while resistance is placed at 37153, 37230 and 37356.

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.

Option data:

“On the options front, the maximum OI Call is at 18,000 then 17,500 strike while the maximum OI Put is at 17,000 then 16,000 strike. The call entry is seen at 17900 then 17600 strike while the Put entry is seen at 17200 then 17300 strike.

Options data suggests a wider trading range between 17100 and 17750 zones”, Chandan Taparia, vice president | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

56 Stocks seeing new long positions:

If the price rises and open interest rises, participants have more long positions.

23 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.

53 stocks subject to short positions, here is the top 20:

If the price goes down and the open interest goes up, then participants have more short positions.

52 stocks showing short coverage, below are the top 20:

If the price increases and the open interest decreases, then participants do not hedge their contracts.

FII activity:

Foreign portfolio investors (REITs) remained net sellers for Rs 1092.4 crore in Indian markets, while domestic institutional investors (DII) were net buyers at Rs 386.63 crore, according to provisional data from the NSE.

FII index and F&O stock:

Wholesale offers:

Premier Limited: Anand Rathi Global Finance Ltd sold 2,35,000 shares of the company at a weighted average price of Rs 9.55 per share on the NSE, according to wholesale transactions data.

Jump Networks Limited: Piyushkumar Thumar sold 5,94,000 shares of the company at a weighted average price of 9.41 rupees per share on the NSE, according to wholesale transaction data.

Beardsell Limited: Anumolu Bharat sold 2 94,667 shares of the company at the weighted average price of Rs 13.25 per share on the NSE, according to wholesale transaction data.

Libas Consu Products Ltd: Anish J Saraf HUF sold 1,22,355 shares of the company at a weighted average price of Rs 31.55 per share on NSE, according to wholesale transaction data.

Stocks under F&O ban on NSE

Three actions: Indiabulls Housing Finance, Escorts, Idea are 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.)

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