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Last Updated : Mar 29, 2020 06:58 PM IST | Source: Moneycontrol.com

Trade Setup for Monday: Top 14 things to know before Opening Bell

According to the pivot charts, the key support level is placed at 8,442.47, followed by 8,224.68. If the index moves upward, key resistance levels to watch out for are 8,958.47 and 9,256.68.


The bears maintained their stronghold on the markets for the sixth consecutive week that ended on March 27.

It made some recovery after the Rs 1.7 lakh crore welfare package announced by the Finance Ministry and the Rs 3.7 lakh crore liquidity stimulus package from the Reserve Bank of India (RBI) soothed sentiment.

However, benchmark indices underperformed their global peers as investors remained cautious over growth after a 21-day nationwide lockdown was announced earlier in the week to stop the spread of COVID-19.

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While the BSE Sensex was down 100.37 points at 29,815.59, the Nifty50 dropped 85.20 points to 8,660.25. The carnage was much worse in the broader markets as the Nifty Midcap and Smallcap indices plunged 7-8 percent.

"The recent bounce was expected given that markets were deeply sold into virus fear. However, we expect the bounce to be approximately 38-50 percent of the fall in the next two-three weeks," Jimeet Modi, Founder & CEO at SAMCO Securities & StockNote told Moneycontrol.

We have collated 14 data points to help you spot profitable trades:

Note: The OI and volume data of stocks given in this story are the aggregates of the three-months data and not of the current month only.

Key support and resistance level for Nifty

According to the pivot charts, the key support level is placed at 8,442.47, followed by 8,224.68. If the index moves upward, key resistance levels to watch out for are 8,958.47 and 9,256.68.

Nifty Bank

The Nifty Bank index closed at 19,969. The important pivot level, which will act as crucial support for the index, is placed at 19,211.93 followed by 18,454.87. On the upside, key resistance levels are placed at 21,094.23 and 22,219.47.

Call options data

Maximum Call Open Interest (OI) of 12.99 lakh contracts was seen at the 9,000 strike price. It will act as a crucial resistance level for the April series.

This is followed by 8,000 strike price, which now holds 6.84 lakh contracts in open interest, and 8,500, which has accumulated 6.77 lakh contracts in open interest.

Call writing was seen at the 9,000 strike price, which added 51,600 contracts, followed by 9,100 strike price, which added 27,675 lakh contracts.

Minor Call Unwinding was seen at 8,900 strike price, which shed 8,475 contracts, followed by 8,800 strike, which shed 5,550 lakh contracts.

Call Oprions

Put options data

Maximum Put Open Interest of 16.83 lakh contracts was seen at 8,000 strike price, which will act as crucial support in the April series.

This is followed by 9,000 strike price, which now holds 13.49 lakh contracts in Open Interest, and 8,500 strike price, which has accumulated 11.19 lakh contracts in open interest.

Put writing was seen at the 8,500 strike price, which added 72,225 contracts, followed by 8,800 strike, which added 53,700 contracts.

Put unwinding was seen at the 9,000 strike price, which shed 76,725 contracts.

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Stocks with a high delivery percentage

A high delivery percentage suggests that investors are accepting delivery of the stock, which means they are bullish on it.

% delivery

30 stocks saw a long build-up

Based on open interest (OI) future percentage, here are the top 10 stocks in which long build-up was seen.

long buildup

30 stocks saw long unwinding

Based on open interest (OI) future percentage, here are the top 10 stocks in which long unwinding was seen.

long unwinding

53 stocks saw a short build-up

An increase in open interest, along with a decrease in price, mostly indicates a build-up of short positions.

short buildup

32 stocks saw short-covering

short unwinding

Bulk deals

Bulk Deals

(For more bulk deals, click here)

Board meetings/Corporate action

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Stocks in news

Sun Pharma: Company's Halol facility classified as official action indicates. Halol plant was inspected from Dec 3-13 and issued 8 observations

Syndicate Bank branches to operate as Canara Bank branches from April 1

Andhra Bank and Corporation Bank branches to operate as Union Bank branches from April 1

Allahabad Bank branches to operate as Indian Bank branches from April 1

OBC and United Bank of India branches to operate PNB branches from April 1

Abbott India: Receives approval for the test that can detect coronavirus in 5 minutes. Company will begin making said tests available to healthcare providers next week

SpiceJet, Interblobe Aviation: Aviation Ministry allows the use of passenger aircraft for cargo movement. IndiGo, GoAir have expressed interest in cargo movement

State Bank of India: Passes on entire 75 bps repo rate cut to its borrowers







Heidelbergcement India: India Ratings reaffirmed long-term issuer rating as AA+/stable.

Sobha: All the offices and manufacturing units will remain closed till April 14 due to COVID-19.



Vishal Fabrics: Brickwork India revised rating on long term bank loans to A-/Stable from BBB+/Stable.


Avenue Supermarts: Company redeemed secured NCDs of Rs 100 crore, prior to redemption of September 2021.


Tata Power: JV Shuakhevi Hydro Power Project in Georgia commenced commercial production.

GHCL: Commercial paper of Rs 25 crore redeemed after making payment on the due date.

General Insurance Corporation: CARE reaffirmed claims paying ability rating as AAA/Stable.










Fund flow

fund flow

FII and DII data

Foreign institutional investors (FIIs) bought shares worth Rs 355.78 crore, while domestic institutional investors (DIIs) bought shares of worth Rs 1,703.72 crore in the Indian equity market on March 27, provisional data available on the NSE showed.

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First Published on Mar 29, 2020 06:57 pm