Yesterday i.e. in the trading of November 8, the market saw a rise for the second consecutive day. Nifty once again touched the 18,000 level yesterday amid mixed global cues. At the same time, the Sensex was seen crossing 60,500. Reduction in excise duty of petrol and diesel, strong sales in the festive season and better PMI figures filled the market with enthusiasm.
In yesterday’s trade, the BSE Sensex closed at 60,545.61 with a gain of 477.99 points. At the same time, Nifty closed at 18,068.50 with a gain of 151.70 points and it created a bullish candle on the daily chart.
Subhash Gangadharan of HDFC SecuritiesSays a small positive candle has formed on the daily chart with long lower shadow. Technically, this pattern indicates that an upside bounce may be seen from the lower levels and Nifty may look towards the 18,050-18,100 levels. This is a good sign. In the short run the market is expected to rise further.
T + 1 system: Now on selling shares, money will come in the account soon, this new rule is going to be implemented from February 25
Subhash Gangadharan is of the opinion that the short term trend of Nifty is looking positive. A breakout of the current range around 18,060-18,100 will open the possibility for Nifty to go up to 18,250-18,350 in the next few trading sessions. Immediate support is visible for Nifty at 17,850 level.
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 figures 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 17,907.2 and after that the second support is located at 17,745.8. If the index turns upwards, then it may face resistance at 18,158.9 then 18,249.2.
Nifty Bank
The first support for Nifty Bank is located at 39,022.17 and after that the second support is located at 38,606.14. If the index turns upwards, then it may face resistance at 39,764.17 then 40,090.14.
call option data
The strike of 19000 saw the maximum call open interest of 21.61 lakh contracts, which would act as a key resistance level in the November series. After this, the highest call open interest of 20.61 lakh contracts is being seen at 18000. At the same time, there is a call open interest of 20.35 lakh contracts on the 18500 strike.
Call writing was seen on the strike of 17900. 4.13 lakh contracts were added to this strike. After that 1.87 lakh contracts have been seen to be added even at 18000.
The highest call unwinding was seen on the strike of 17800. This was followed by the highest call unwinding at the strike of 19000 and then 17700.
put option data
The maximum put open interest of 22.60 lakh contracts has been seen at the strike of 17500, which will act as an important resistance level in the November series. After this, the highest put open interest of 22.25 lakh contracts is being seen at 17500. At the same time, there is a Put Open Interest of 19.15 lakh contracts at a strike of 18000.
Put writing was seen on the strike of 17900. 5.92 lakh contracts were added to this strike. After that 3.38 lakh contracts have been seen getting added even at 18000. While there are 88,600 contracts attached at 17800.
The maximum put unwinding was seen at the strike of 17500. This was followed by the highest put unwinding at 17000 and then 18100 strike.
Stocks with High Delivery Percentage
These include the names of Biocon, HUL, HDFC and SBI Card. A high delivery percentage is an indication that investors are showing interest in those stocks.
FII and DII figures
On November 8, foreign institutional investors sold Rs 860.65 crore in the Indian markets. At the same time, domestic institutional investors bought Rs 1,911.77 crore on this day.
Stocks coming under F&O ban on NSE
As on November 9, three stocks Escorts, Punjab National Bank and Sun TV Network F&O are in the 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.
Top picks of KRChoksey, which can be seen up to 8-22%
results coming today
Today the September quarter results of 160 companies including Bosch, Mahindra & Mahindra, Power Grid Corporation, Astrazeneca Pharma, BHEL, HEG, Indraprastha Gas, MRF and Petronet LNG will be announced.
bulk deal
PGIM India Mutual Fund has bought 5 lakh shares in Kirloskar Pneumatic at Rs 397 per share. At the same time, HDFC Mutual Fund has sold 5 shares.
Microfirm Capital Private Limited has sold 1.35 crore shares in Poonawalla Fincorp at a price of Rs 172.80 per share. Apart from this, Celica Developers has also sold 1.35 crore shares of the company at a price of Rs 171.65 per share.
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