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

The Indian market ended Thursday session with gains as Sensex grew over 450 points and Nifty50 closed above 17500-mark at the close. Reliance Industries along with pharma and IT stocks lead the surge in the domestic market today on F&O expiry.  

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

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Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd said, “On the last day of the November F&O series, markets rebounded sharply, largely supported by gains in Reliance.”

He added, “Technically, Nifty has formed a strong bullish candle and at the same time, it is consistently taking support between 17400 to 17350 levels.”

“We are of the view that the intraday support has now shifted to 17450 from 17350 and as long as it’s trading above 17450 the uptrend wave will persist up to 17600-17700. On the flip side, below 17450, the uptrend would be vulnerable,” Chouhan 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 0.7 percent higher at 17,536. Key Pivot points (Fibonacci) support for the index is placed at 17402, 17352, 17271, and while resistance is placed at 17565, 17615, and 17696.

Key support & resistance levels for Nifty Bank:

The NiftyBank closed 0.45 per cent higher at 37,441. Key Pivot points (Fibonacci) support for the index is placed at 37181, 37089, 36940 while resistance is placed at 37479, 37571, and 37719.

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:

Since it’s the beginning of the series, option data is scattered at various far strikes. On Option front, Maximum Call OI is at 18000 then 19000 strike while Maximum Put OI is at 17000 then 17500 strike.

“Option data suggests a trading range in between 17000 to 17800 zones.,” Chandan Taparia, Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

28 Stock seeing new Long Positions:

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

56 stock witnessing Long Cover:

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

22 stocks witnessing short positions:

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

68 stocks witnessing short covering, below are the top 20:

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 2300.65 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1367.8 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Bulk Deals:

Indiabulls Housing Finance: BNP Paribas Arbitrage 23,59,500 equity shares in the company at the weighted average price Rs 221.34 per share on the NSE, the bulk deals data showed.

GTL Limited: Punjab National Bank sold 9,62,872 equity shares in the company at the weighted average price Rs 15.6 per share on the NSE, the bulk deals data showed.

Libas Consu Products Ltd: Shifa Mohammed Hamidani bought 1,22,500 equity shares in the company at the weighted average price Rs 65 per share on the NSE, the bulk deals data showed.

ASL Industries Limited: Padmawati Realcon Private Limited bought 64,000 equity shares in the company at the weighted average price Rs 24.5 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

No stock was placed under the F&O ban on Friday. 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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