Rising tensions between Ukraine-Russia, rising crude oil prices and a possible rate hike from the US Fed spoiled the mood of the market for the second consecutive day on February 14. The market fell 3 percent in yesterday’s trade, which was the biggest 2-day fall since April 12, 2021. All-round selling was seen in yesterday’s trade. BSE Sensex closed at 56,406, down 1,747 points yesterday. At the same time, Nifty fell 532 points and closed at 16,843 level. Nifty had formed a big bearish candle on the daily chart yesterday, indicating further pressure in the market.
Nagraj Shetty of HDFC Securities Let’s say that in yesterday’s trade, a long bear candle was seen forming with a gap down opening on the daily chart. Technically, this pattern could signal the start of a sharp trend-based downtrend from a lower top. This is not a good sign. We may see further downside going forward.
Nagraj Shetty is of the opinion that Nifty may show 16,500 and 16,200 levels on the downside in the next few weeks. Even if there is a pull back rally in the market, there is a significant resistance for Nifty at 16,950-17,000 levels.
Like the heavyweights, there was pressure on small and medium stocks in yesterday’s trade. The Nifty Midcap 100 index was down 4 per cent yesterday. At the same time, the Nifty Smallcap index was down 4.4 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 figures in this story are the sum total of three months’ data, not just the current month.
Mixed signals from global market
There are mixed signals from the global market. In Asia NIKKEI is seeing slight pressure but SGX NIFTY is trading up half percent. In the midst of the deepening Ukraine crisis, the DOW closed with a fall in the US yesterday, although the NASDAQ had flat closing.
Crude and gold prices firm
Crude oil remains firm due to Russia and Ukraine crisis. Crude oil prices hit 7-year high. The price of Brent is near $ 96. At the same time, the brightness of gold has also increased. Gold has crossed 50,000 in the domestic market. COMEX GOLD is also seen close to $ 1870.
JIO PLATFORMS invests $20 Cr in GLANCE
Keep an eye on RIL
JIO PLATFORMS has announced an investment of 20 crore DOLLAR i.e. about 1500 crore rupees in TECH START UP GLANCE. GLANCE PROVIDES PERSONALIZED CONTENT ON LOCK MOBILE SCREEN. Akash Ambani, director of JIO PLATFORMS, said that the global launch of GLANCE will help.
Key support and resistance levels for Nifty
The first support for Nifty is located at 16,735 and after that the second support is located at 16,628. If the index turns upwards, then it may face resistance at 17,025 then 17,207.
The first support for Nifty Bank is located at 36,559 and after that the second support is located at 36,209. If the index turns upwards, then it may face resistance at 37,527 then 38,146.
call option data
The maximum call open interest of 26.6 lakh contracts has been seen at the 18000 strike, which will act as an important resistance level in the February series. After this, the highest call open interest of 22.76 lakh contracts is being seen at 17500. At the same time, there is a call open interest of 15.22 lakh contracts at the strike of 17600.
Call writing was seen on the strike of 17000. 8.82 lakh contracts were added to this strike. After that 4.35 lakh contracts have been seen getting added at 16900 as well.
The maximum call unwinding was seen on the strike of 17700. This was followed by the highest call unwinding at the strike of 17800 and then 16000.
put option data
The maximum put open interest of 34.7 lakh contracts has been seen at the 16500 strike which will act as an important support level for the February series. After this, the highest put open interest of 30.08 lakh contracts is being seen at 17000. At the same time, there is a put open interest of 21.40 lakh contracts at a strike of 16000.
Put writing was seen on the strike of 16200. 3.09 lakh contracts were added to this strike. After that 2.59 lakh contracts have been seen getting added at 16600 as well. Whereas 2.52 lakh contracts are connected on 16800.
The maximum put unwinding was seen at the strike of 17300. This was followed by the highest put unwinding at the strike of 17400 and then 17200.
Stocks with High Delivery Percentage
These include the names of HUL, PI Industries, HDFC Bank, Infosys. A high delivery percentage is an indication that investors are showing interest in those stocks.
FII and DII figures
On February 14, foreign institutional investors sold Rs 4,253.70 crore in the Indian markets. On the other hand, domestic institutional investors bought Rs 2,170.29 crore on this day.
Paytm issue price drops 60%, shares of 12 recently listed companies hit all-time low
Stocks coming under F&O ban on NSE
As on February 15, 5 stocks are under F&O ban on NSE. These include the names of BHEL, Indiabulls Housing Finance, Punjab National Bank, SAIL 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.
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