11.1 C
Delhi
Sunday, January 23, 2022

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

The market remained in range in the trading of November 9 due to selling in select banks, financial and power stocks and closed with a slight fall at the end of trading. In yesterday’s trade, two days of continuous upsurge was halted. Sensex closed 112.16 points lower at 60,433.45. At the same time, Nifty50 fell 24.20 er to close at 18,044.30. It formed a bearish candle on the Daily chart in yesterday’s trade.

Top Weekly Picks of Axis Securities

Subhash Gangadharan of HDFC Securities Said that a small negative candle is seen forming with the lower shadow on the daily chart. This is a sign of trading in a range below the crucial resistance of 18,100. Although Nifty has been seen moving in the narrow high low range during the last two trading sessions. But the formation of lower shadows could be a sign of an upside breakout from the upside resistance in the short term.

Small-medium stocks outperformed giants in yesterday’s trade. Nifty Midcap 100 saw a rise of 1.16 per cent yesterday and 0.49 per cent in Smallcap 100.

Subhash Gangadharan says that it seems that the market is adamant on not catching the Appide Momentum and is stuck on a barrier located around 18,100. In the end, the market can be seen crossing this hurdle in the short term and moving towards 18,350 in the near term itself.

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 17,980.67 and after that the second support is located at 17,917.13. If the index turns upwards, then it may face resistance at 18,110.17 then 18,176.13.

Nifty Bank

The first support for Nifty Bank is located at 39,207.93 and after that the second support is located at 39,047.06. If the index turns upwards, then it may face resistance at 39,545.13 then 39,721.47.

call option data

The maximum call open interest of 22.41 lakh contracts has been seen at the strike of 19000, which will act as an important resistance level in the November series. After this, the highest call open interest of 21.01 lakh contracts is being seen at 18500. At the same time, there is a call open interest of 18.85 lakh contracts at the strike of 18000.

Call writing was seen on the strike of 18300. 1.52 lakh contracts were added to this strike. After that 1.37 lakh contracts have been seen to be added even at 18100.

The highest call unwinding was seen on the strike of 17900. This was followed by the highest call unwinding at 18000 and then 17800 strike.

put option data

The maximum put open interest of 23.23 lakh contracts has been seen at the strike of 17500, which will act as a key resistance level in the November series. After this, the highest put open interest of 22.56 lakh contracts is being seen at 17000. At the same time, at the strike of 18000, there is a Put Open Interest of 17.48 lakh contracts.

Put writing was seen on the strike of 17400. 1.47 lakh contracts were added to this strike. After that 1.35 lakh contracts have been seen to be added even at 18100. While there are 84,150 contracts attached at 17800.

The maximum put unwinding was seen at the strike of 17900. This was followed by the highest put unwinding at 18000 and then 17700 strike.

10,000 invested in this multibagger stock made investors millionaires in 20 years, what do you have

Stocks with High Delivery Percentage

These include the names of HUL, GSPL, HCL Tech, HDFC Bank and ICICIGI. A high delivery percentage is an indication that investors are showing interest in those stocks.

FII and DII figures

On November 9, foreign institutional investors sold Rs 2,445.25 crore in the Indian markets. On the other hand, domestic institutional investors bought Rs 1,417.63 crore on this day.

Stocks coming under F&O ban on NSE

As on November 10, 3 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.

results coming today

Today September 268 companies including Bank of Baroda, Zomato, Affle India, Berger Paints, Glenmark Life Sciences, India Cements, Krishna Institute of Medical Sciences, Mazagon Dock Shipbuilders, Metropolis Healthcare, Nuvoco Vistas Corporation, Oil India, Pidilite Industries and Tata Teleservices Quarterly results will be out.

Facebook us for social media updates (https://www.facebook.com/moneycontrolhindi/) and Twitter (.) to follow.

.

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.
Latest news
- Advertisement -
Related news
- Advertisement -