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Trader Watchlist: Top 12 Data Points You Should Know Before The Stock Market Opens on Monday

The Indian market closed in the red on Thursday, with the Sensex and Nifty50 falling more than 0.5% at closing prices, driven by metals, automobiles and pharmaceuticals, respectively.

Almost every sector, including banking, finance, automotive, pharmaceuticals, media and metal indices, is witnessing the worst selling pressures on Thursday.

Gaurav Ratnaparkhi, Head of Technical Research at Sharekhan at BNP Paribas, said: 1 week. “

He added: “As a result, Nifty violated the lower bounds of the major daily moving averages and rising channels of the hourly chart. On the downside, the index tested a low daily Bollinger band whose sells were absorbed on November 18th. bottom.”

“The overall structure shows that Nifty is still in the integration stage, but the range is shifting lower. 17600-18000 will be the short-term range of the benchmark index,” Ratnaparkhi said. I am saying.

This is a list of 12 data points that will help you make profitable transactions.

Nifty50 key support and resistance levels:

Nifty50 closed at 17,764, down 0.75%. Index key pivot point (Fibonacci) supports are located at 17701, 17640, 17542, and resistors are located at 17897, 17958, and 18056.

Nifty Bank’s Key Support and Resistance Levels:

Nifty Bank was 37,976, down 0.17 percent. Index key pivot point (Fibonacci) supports are located at 37800, 37686, 37500 and resistors are located at 38171, 38286, and 38471.

Gross Open Interest:

Open Interest means the number of open or open contracts for futures traded on NSE at one time. One seller and one buyer together create one contract.

Here, the total amount of open interest taken by the four participants, that is, the client, is the individual investor who invests in derivative products, DII is a domestic individual investor, FII is a foreign institutional investor, and the professional is the owner who trades. And a securities company. On behalf of themselves.

Optional data:

At the option front, the maximum call OI is 18000, then 18500 strikes, the maximum put OI is 17500, then 17400 strikes. Call writes are seen at 18000, then 17900 strikes, put writes are seen at 17300, then 17000 strikes.

“Option data suggests a lower trading range shift between the 17500 and 18000 zones,” said Chandan Taparia, Vice President | Motilal Oswal Financial Services Limited Analyst Derivatives.

11 Stocks looking for a new long position:

As prices rise and open interest increases, participants will get more long positions.

The 97 stocks that have witnessed long covers are the top 20 below.

As prices go down and open interest goes down, participants will cover the contract for a long time.

At least 68 stocks witnessing short positions are in the top 20 below.

As prices go down and open interest increases, participants will get more short positions.

10 shares witnessing short covers:

If the price goes up and the open interest goes down, the participants are short of covering the contract.

FII activity:

As the interim data showed to the NSE, Foreign Portfolio Investors (FPI) were net sellers of Rs 393.062 in the Indian market and Domestic Institutional Investors (DII) were net buyers of Rs 1885.66.

FII Index and Equity F & O:

Bulk transaction:

Onelife Cap Advisors: Naig Pandoo Prabhakar has sold 11,00,404 shares of the company at a weighted average price of Rs 18.97 per share at NSE, bulk trading data show.

Devoc Sale Marketing: Nanaral Banji Dudia has sold 54,000 shares of the company at NSE at a weighted average price of Rs 63.7 per share, bulk trading data showed.

Libas Consu Products Ltd: Mahimtura Nishant Mitrasen has sold 5,95,279 shares of the company at NSE at a weighted average price of Rs 39 per share, bulk trading data show.

Bright Solar Limited: Piyushkumar Thumar sold 1,08,000 shares of the company at a weighted average price of Rs 5.21 per share at NSE, bulk trading data show.

NSE F & O Banned Stocks

On Monday, six stocks, BHEL, Escorts, Idea, Sun TV SAIL and National Aluminum, were banned from F & O. Securities during the F & O segment ban include companies whose securities exceed 95% of the overall market position limit.

(Disclaimer: The views / suggestions / advice presented here in this article are by investment experts only. ZeeBusiness advises readers to consult an investment adviser before making financial decisions. It is recommended.)



Trader Watchlist: Top 12 Data Points You Should Know Before The Stock Market Opens on Monday

Source link Trader Watchlist: Top 12 Data Points You Should Know Before The Stock Market Opens on Monday

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