The bulls were again seen in action in yesterday’s trade. After three days of decline, all-round buying was seen in the trading of November 1 and the market managed to close with a gain of more than 1 percent. Good GST collection numbers for October, strong manufacturing PMI numbers and better than expected October auto sales numbers have boosted the market sentiments.
The Sensex closed at 60,138.46 with a gain of 831.53 points, or 1.40 per cent, in the trading of November 1. At the same time, Nifty closed at 17,929.70 with a gain of 258 points or 1.46 per cent and made a bullish candle on the daily chart.
Nagraj Shetty of HDFC Securities Lets say that a long bull candle formed on the daily chart in yesterday’s trade which is a sign of a sharp upside bounce after the heavy fall of the last two days. Yesterday’s rally after last week’s strong fall can be called a pullback rally of a down trend. This week the resistance is seen around 18,100-18,200 for this uptrend.
He also says that Monday’s rally could be a sign of an uptrend from the lower levels once again. But looking at the negative chart pattern formed recently, it looks like the pull back could face hurdles near 18,100-18,200 before weakening again from the upper levels. He also says that if Nifty breaks above this barrier of 18,200 strongly then then the negative chart pattern formed at present may become ineffective and the market may see further upside.
Like the giants in yesterday’s trade, small-medium stocks were also seen in enthusiasm. The Nifty Midcap 100 index closed 1.82 per cent higher. At the same time, the Smallcap 100 index closed with a gain of 0.86 percent.
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 17,766.5 and after that the second support is located at 17,603.3. If the index moves upwards then it may face resistance at 18,023.5 then 18,117.3.
Nifty Bank
The first support for Nifty Bank is located at 39,302.06 and after that the second support is located at 38,840.33. If the index turns higher, then it may face resistance at 40,044.06 then 40,324.33.
call option data
The strike of 19,000 saw the maximum call open interest of 22.17 lakh contracts, which would act as a key resistance level in the October series. After this, the highest call open interest of 19.11 lakh contracts is being seen at 18,000. At the same time, there is a call open interest of 17.92 lakh contracts on the 18500 strike.
Call writing was seen on the strike of 18,000. 2.95 lakh contracts were added to this strike. After that 1.83 lakh contracts have been seen adding even at 19,000.
The maximum call unwinding was seen at the strike of 17,500. This was followed by the highest call unwinding at 18,200 and then 17,000 strike.
put option data
The maximum put open interest of 21.65 lakh contracts has been seen at the strike of 17000, which will act as a key resistance level in the October series. After this, the highest put open interest of 21.08 lakh contracts is being seen at 17,500. At the same time, there is a put open interest of 17.24 lakh contracts at a strike of 18,000.
Call writing was seen on the strike of 18000. 2.21 lakh contracts were added to this strike. After that 1.92 lakh contracts have been seen getting added even at 17,500. While 1.54 lakh contracts are attached at 17,000.
The maximum put unwinding was seen at the strike of 17600. This was followed by the highest number of put unwinding at the strike of 18100 and then 18200.
Stocks with High Delivery Percentage
These include the names of HUL, ICICIGI Maruti, Heromoto and Dabur. A high delivery percentage indicates that investors are showing interest in those stocks.
FII and DII figures
Foreign institutional investors sold Rs 202.13 crore in the Indian markets on 1 November. At the same time, domestic institutional investors bought Rs 116.01 crore on this day.
Stocks coming under F&O ban on NSE
On November 2, 2 stocks Punjab National Bank and Escorts F&O are under ban on NSE. 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
2 नवंबर यानी आज Bharti Airtel, HPCL, Sun Pharmaceutical Industries, Bank of India, Godrej Properties, Union Bank of India, Advanced Enzyme Technologies, Bajaj Healthcare, BASF India, Bharat Gears, Bombay Dyeing, Dabur India, Easy Trip Planners, eClerx Services, GE Power India, Gillette India, Indoco Remedies, Jindal Steel & Power, Jyothy Labs, Laxmi Organic Industries, Minda Corporation, MTAR Technologies, NCL Industries, NOCIL, PNB Housing Finance, Prince Pipes and Fittings, Radico Khaitan, R Systems International, Stove Kraft, Trent और Unichem Laboratories के नतीजे आने वाले हैं।
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