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Wednesday, December 1, 2021

Trade setup for today: Take a look at these figures before the market opens, it will be easy to catch profitable deals

Due to weak global cues, selling pressure was seen on the Indian markets in yesterday’s trade as well. Selling in FMCG, IT and Metals stocks put pressure on the market. In the business yesterday, along with the giants, small-medium stocks were also beaten. The Nifty Midcap 100 index was down 0.39 per cent and the Smallcap 100 index was down 0.8 per cent yesterday. However, banking, financial and auto stocks supported the market.

In yesterday’s trade, the BSE Sensex closed at 60,923.50, down 336.46 points. At the same time, Nifty fell 88.50 points to close at 18,178.10. Nifty formed a bearish candle on the Daily Chart yesterday with a fall for the third consecutive day.

Shrikant Chauhan of Kotak Securities Says that due to weak global cues, there was weakness in the market for the third consecutive day in yesterday’s trading. Once again around 18,350 the bears were seen dominating the market. After a short term correction, Nifty once again made a strong comeback taking support near 18,050. Nifty has formed a bearish candle on the daily chart but at the same time it is showing support near the important retracement level of 18,030.

Shrikant Chauhan is of the opinion that the intraday texture of the market looks weak. This weakness may also persist in the near term. An immediate support level for day traders is seen at 18,150. As long as Nifty is above this level, a pull back rally to 18,250-18,300 is likely. On the other hand, if Nifty breaks the level of 18,150, then this decline can go up to the level of 18,030-18,000.

Here we are giving you some such data, on the basis of which it will be easy for you to catch profitable deals. It should be noted here that the Open Interest (OI) and volume of stocks in this story are the sum total of three months’ data, not just the current month.

Key support and resistance levels for Nifty

The first support for Nifty is located at 18,022.66 and after that the second support is located at 17,867.23. If the index turns upwards, then it may face resistance at 18,358.86 then 18,539.63.

Nifty Bank

The first support for Nifty Bank is located at 39,572.07 and after that the second support is located at 39,113.94. If the index turns upwards, then it may face resistance at 40,344.37 then 40,658.53.

call option data

The maximum call open interest of 42.38 lakh contracts has been seen on the 18500 strike, which will act as an important resistance level in the October series. After this, the highest call open interest of 42.24 lakh contracts is being seen at 18200. At the same time, there is a call open interest of 40.16 lakh contracts on the 18400 strike.

Call writing was seen on the strike of 18200. 30.56 lakh contracts were added to this strike. After that 22.27 lakh contracts have been seen to be added even at 18400. At the same time, 17.53 lakh contracts are attached on 19000 also.

The highest call unwinding was seen at the strike of 17500. This was followed by the highest call unwinding at the strike of 17800 and then 17900.

put option data

The maximum put open interest of 33.30 lakh contracts has been seen on the 18200 strike, which will act as a key resistance level in the October series. After this, the highest put open interest of 26.02 lakh contracts is being seen at 17500. At the same time, there is a put open interest of 25.15 lakh contracts at the strike of 18000.

Call writing was seen on the strike of 18200. 14.09 lakh contracts were added to this strike. After that 4.34 lakh contracts have been seen to be added even at 18100. Whereas at 17900 there are 3.93 lakh contracts attached.

The maximum put unwinding was seen on the 18300 strike. This was followed by the highest number of put unwinding at the strike of 18500 and then 18400.

Stocks with High Delivery Percentage

These include the names of Power Grid, HUL, Petronet, Godrej CP, HDFC and MFSL. A high delivery percentage indicates that investors are showing interest in those stocks.

FII and DII figures

On October 21, foreign institutional investors sold Rs 2,818.90 crore in the Indian markets. On the other hand, domestic institutional investors bought Rs 428.45 crore on this day.

Stocks coming under F&O ban on NSE

As on 22 October, 10 stocks are under F&O ban on NSE. These include the names of Amara Raja Batteries, Escorts, Vodafone Idea, IRCTC, L&T Finance Holdings, NALCO, Punjab National Bank, SAIL, Sun TV Network and Tata Power. It is to be noted that the stocks included in the F&O segment are put in the ban category if the positions of the securities exceed their market wide position limits.

results coming today

आज Reliance Industries, HDFC Life Insurance Company, Yes Bank, Apollo Pipes, Bharat Seats, Crompton Greaves Consumer Electricals, Dodla Dairy, Federal Bank, Gland Pharma, Hindustan Zinc, Inox Leisure, Jubilant Pharmova, Kajaria Ceramics, Kirloskar Ferrous Industries, Kwality Pharmaceuticals, Mahindra Holidays & Resorts India, Omkar Speciality Chemicals, Polycab India, ABB Power Products and Systems India, PVR, Steel Strips Wheels, Subros, Sundaram-Clayton, Supreme Industries, Tata Consumer Products, Tata Elxsi और Zenotech Laboratories के सितंबर यानी दूसरी तिमाही के नतीजे आएंगे।

Saturday results

Tomorrow i.e. on Saturday 23 October, the September quarter results of ICICI Bank, Seshasayee Paper & Boards, Vimta Labs, and ZF Steering Gear (India) will be out.

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Shehnazhttps://www.businesskhabar.com/
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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