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Trade setup for today: check these statistics before opening the market, it will be easy to catch profitable deals

Nifty Bank’s first support is at 35,030.33 followed by the second support at 34,876.86. If the index moves upwards, it may face resistance at 35,344.83 and 35,505.86.

December 28, the market saw growth for the second day in a row. Yesterday’s trade saw the Nifty cross the 17200 level. All sectors contribute to this boom. The market was well supported by global indicators. The BSE Sensex closed at 57,897 points at 477 points yesterday. The Nifty, on the other hand, rose 50 147 points to close at 17,233 and made a bullish candle on the daily chart.

Rajesh Palvia of Axis Securities said that the Nifty has created a big bullish candle on the daily chart which is higher-lower than the previous session and closed higher than the previous session. A positive sign for the market. The bullish gap formed in the 17,161-17,112 range will serve as an important support for the Nifty.

He added that the Nifty is showing an upward trend in the daily chart and is showing higher top and bottom formation. The short-term trend for the Nifty has turned bullish with a wide range of 17,500-16,800. Rajesh Palvia suggested looking for buying opportunities at the pool back rally around 17,100-17,000 with a stop loss of 16,900.

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Here’s a few basic facts about a stomp pad and how it works. It should be noted here that the open interest (OI) and stock statistics in this story are not just the current month, but a total of three months of data.

Key support and resistance levels for the Nifty

The first support for the Nifty is at 17,179.53 followed by the second support at 17,125.87. If the indicator goes up, it may face resistance at 17,268.53 and 17,303.87.

Nifty Bank

Nifty Bank’s first support is at 35,030.33 followed by the second support at 34,876.86. If the indicator goes up, it may face resistance at 35,344.83 and 35,505.86.

Call Alternative Data

The 18000 strike saw the highest call open interest of 72.81 lakh contracts, which would serve as a significant resistance level in the December series. This is followed by a maximum of 67.90 lakh contract call open interest 17500. At the same time, the strike of 17300 has 48.92 lakh contract call open interest.

Call writing was seen during the strike of 18300. 10.87 lakh contracts have been added to the strike. This was followed by 8.8 lakh contracts in 17500.

17000 strikes have seen maximum call unwinding. This was followed by the maximum call unwinding in the strike of 17100 and then 18000.

Keep alternate data

The 17000 strike saw a maximum put open interest of 99.08 lakh contracts, which will serve as a significant resistance level in the December series. After that the highest put open interest is seen in 69.19 lakh contracts 16500. At the same time, in the strike of 17100, there was a put open interest of 52.17 lakh contracts.

Put writing can be seen in the strike of 18200. 36.96 lakh contracts have been added to the strike. Since then, 19.95 lakh contracts have been added to 17100. Where 10.04 lakh contracts are attached at 17300.

The strike of 16700 saw the highest put unwinding. This was followed by maximum put unwinding at 18000 and then 17800 strikes.

Stocks with high delivery percentages

These include ICICI Bank, GSPL, IGL and HDFC. A higher delivery percentage is an indication that investors are showing interest in those stocks.

FII and DII statistics

On December 28, foreign institutional investors bought Rs 207.31 crore in the Indian market. At the same time, domestic institutional investors bought Rs 567.47 crore on the day.

The stock is subject to F&O sanctions on the NSE

On December 2, 3 stocks were subject to NSE F&O sanctions. These include Indiabulls Housing Finance, Vodafone Idea and RBL Bank. Note that stocks included in the F&O segment are placed in the restricted category if the positions of the securities exceed their market wide position.

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