After the volatile session in the morning in the trading of yesterday i.e. 30 September, there was a sharp decline in the market in the afternoon. At the end of trading, the Indian markets closed with a fall of 0.5 percent. Market remained volatile yesterday due to monthly expiry. Banking, financial, IT, metal and some auto stocks declined in yesterday’s trade.
On September 30, Sensex closed 286.91 points down at 59,126.36. At the same time, Nifty fell 93.10 points to close at 17,618.20. Nifty closed below the opening level and formed a bearish candle on the daily chart.
Shrikant Chauhan of Kotak Securities Says that investors took profits in yesterday’s trade amid the absence of any new trigger and weak global cues. Nifty is circling between 17600-17780. It has formed a lower top formation on the intraday chart which is a negative sign.
He also said that the medium term structure still remains positive for the market. The intraday setup indicates that the level of 17,700 can act as a big resistance for Nifty. On the other hand, if Nifty slips below it, then the level of 17500-17450 can also be seen in it. On the other hand, if it goes above 17700, then the level of 17,800 can be seen upwards.
Significantly, the outperformance of Nifty Midcap 100 and Smallcap 100 continues with gains of 0.36 per cent and 0.75 per cent. 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.
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Key support and resistance levels for Nifty
The first support for Nifty is located at 17554.93 and after that the second support is located at 17,491.67. If the index moves upwards, then it may face resistance at 17,711.83 then 17,805.46.
Nifty Bank
The first support for Nifty Bank is located at 37,224.56 and after that the second support is located at 37,024.03. If the index turns upwards, then it may face resistance at 37,755.26 then 38,085.43.
call option data
The maximum call open interest of 55.05 contract has been seen at 18000 strike which will act as a key resistance level in the October series. After this, the highest call open interest of 53 lakh contracts is being seen at 17700. At the same time, there is a call open interest of 35.85 lakh contracts at the strike of 17900.
Call writing was seen on the strike of 17700. 13 lakh contracts were added to this strike. After that 4.93 lakh contracts have been seen getting added even at 17600.
The maximum call unwinding was seen at the strike of 18000. This was followed by the highest call unwinding at 17900 and then 17800 strike.
put option data
The maximum put open interest of 43.85 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 42.79 lakh contracts is being seen at 17600. At the same time, there is a Put Open Interest of 30.69 lakh contracts at the strike of 17500. Very little put writing was observed on the day of expiry.
The maximum put unwinding was seen at the strike of 17700. This was followed by the highest put unwinding at the strike of 17000 and then 17800.
Railover
JSW Steel, Adani Port, ICICI Bank, HDFC, India Bulls Housing, Chola Finance and City Union Bank were among the stocks that saw the maximum rollover.
Stocks with High Delivery Percentage
These include HUL, TCS, HDFC Life, Britannia, Ambuja Cement, ICICIGI. A high delivery percentage indicates that investors are showing interest in those stocks.
FII and DII figures
On September 30, foreign institutional investors sold Rs 2,225.60 crore in the Indian markets. At the same time, domestic institutional investors bought Rs 97.18 crore on this day.
7 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, 7 stocks saw long build-up in yesterday’s trade. These include Idea, Canfin Home, Ipca Lap, Polycab, Can Bank MGL and Ashok Leyland.
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Long unwinding seen in 15 stocks
Long unwinding is usually predicted by a fall in open interest as well as a fall in prices. Hindalco, Nestle, ICICI Pru, Cipla, Colgate Palmolive and LTI are among the 10 stocks that saw the highest long unwinding in yesterday’s trade on the basis of open interest futures percentage.
10 stocks showed short build-up
A rise in open interest as well as a fall in prices usually indicates a short build-up. CUB, Ambuja Cement, Tech Mahindra, SAIL and UPL are among the 10 stocks that saw the maximum short build-up in yesterday’s trade on the basis of open interest futures percentage.
Short covering seen in 10 stocks
A fall in open interest as well as an increase in prices usually indicates short covering. ABFRL, SBI Life, GMR Infra, Voltol and NTPC are among the 10 stocks that saw the highest short covering in yesterday’s trade on the basis of open interest futures percentage.
bulk deal
Bulk deals were witnessed on Just Dial, Kesoram Industries and Asian Granito India yesterday. In Just Dial, Nalanda India Equity Fund has sold 5,17,765 additional shares at a price of Rs 991.44 per share. At the same time, Tusk Investment has bought 7.05 lakh shares in Kesoram Industries at a price of Rs 8.42. At the same time, SBI and South India Bank have sold 7,35,113 and 4 lakh shares of Kesoram Industries respectively. Sundaram Mutual Fund has bought 1,68,128 shares in Asian Granito India at a price of Rs 37.75.
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