On October 12, the market managed to close with gains for the fourth consecutive day. The market has finally managed to make gains amid volatile trading. In yesterday’s trade, the market got support from Reliance, select banking and financial stocks and FMCG stocks. Along with the giants, there was a rise in small and medium stocks yesterday. Sensex remained firmly above 60,000. The Sensex closed at 60,284.31 with a gain of 148.53 points yesterday. At the same time, Nifty closed at 17,992 with a gain of 46 points.
Shrikant Chauhan of Kotak Securities Says that yesterday’s session was quite volatile for the market but in the last part of the trading day, the market came in the hands of the bulls and Nifty crossed 18000 level again yesterday. However, at the close of trading, it closed only slightly below the psychological level of 18000. In yesterday’s trade, the performance of small-medium stocks also continued. Nifty Midcap 100 closed with gains of 0.55 per cent and Smallcap 100 index by 0.8 per cent yesterday.
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He further added that the intraday structure indicates that the level of 17,850 will act as a trend decider label for the bulls. If Nifty remains above this level, then it may see us moving towards 18,050-18,125. At the same time, if it goes below this level, then there may be further weakness in it.
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 17,901.63 and after that the second support is located at 17,811.37. If the index turns upwards, then it may face resistance at 18,045.43 then 18,098.96.
The first support for Nifty Bank is located at 38,240.87 and after that the second support is located at 37,960.23. If the index turns upwards, then it may face resistance at 38,705.87 then 38,890.23.
call option data
The maximum call open interest of 22.38 lakh contracts has been seen at the 18000 strike, which will act as a key resistance level in the October series. After this, the highest call open interest of 17.80 lakh contracts is being seen at 18500. At the same time, there is a call open interest of 12.81 lakh contracts at the strike of 17800.
Call writing was seen on the strike of 18100. 90,800 contracts were added to this strike. After that 67,850 contracts have been seen adding even at 18000. Whereas at 18500 there are 24,000 contracts attached.
The highest call unwinding was seen on the strike of 17800. This was followed by the highest call unwinding at 18400 and then 18200 strike.
put option data
The maximum put open interest of 31.72 lakh contracts has been seen at the strike of 17000, which will act as an important resistance level in the October series. After this, the highest put open interest of 30.83 lakh contracts is being seen at 17500. At the same time, there is a Put Open Interest of 19.98 lakh contracts at the strike of 17800.
Call writing was seen on the strike of 17400. 1.42 lakh contracts were added to this strike. After that 92,850 contracts have been seen adding at 17200 as well. While there are 68,300 contracts attached at 17100.
The maximum put unwinding was seen at the strike of 17800. This was followed by the highest put unwinding at the strike of 18100 and then 18000.
Stocks with High Delivery Percentage
These include HUL, ICICIGI, Grasim, TCS, CUB, HDFC Life and BPCL. High delivery percentages indicate that investors are showing interest in those stocks.
FII and DII figures
On October 12, foreign institutional investors sold Rs 278.32 crore in the Indian markets. On the other hand, domestic institutional investors sold Rs 741.22 crore on this day.
Investors’ silver in the stock market increased by ₹ 6.09 lakh crore in just four days
59 stocks showed long build-up
A rise in open interest as well as an increase in prices usually leads to the formation of a long position. On the basis of open interest futures percentage, 59 stocks saw long build-up in yesterday’s trade. These include the names of Bata, Crompton, ABFRL and IEX.
Long unwinding seen in 22 stocks
Long unwinding is usually predicted by a fall in open interest as well as a fall in prices. JK Cement, Persistent and Voltos are among the 10 stocks that saw the most long long unwinding in yesterday’s trade on the basis of open interest futures percentage.
47 stocks showed short build-up
A rise in open interest as well as a fall in prices usually indicates a short build-up. Dalmia Bharat, HCL Tech, Zeel, TCS and Infi are among the 10 stocks that saw the highest short build-up in yesterday’s trade on the basis of open interest futures percentage.
Short covering seen in 53 stocks
A fall in open interest as well as an increase in prices usually indicates short covering. On the basis of Open Interest Futures Percentage, the 10 stocks which saw the highest short covering in yesterday’s trade include the names of BHEL, Can Bank, Bank of Baroda, Tata Power, Tata Motors.
Jain Irrigation Systems: Employees Retirement System of Texas – Self Managed Portfolio has bought 25,57,922 shares of the company at the rate of Rs 49.63 per share on NSE.
Orient Paper & Industries: L7 Hitech has bought 21 lakh shares of the company at the rate of Rs 32.53 per share on NSE.
Stocks coming under F&O ban on NSE
Bank of Baroda, Indiabulls Housing Finance, IRCTC, NALCO, Punjab National Bank, SAIL and Sun TV Network are among the 1 stocks in the F&O ban on NSE on 13 October. 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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