Indian equity markets recovered sharply on April 22 on the back of positive global cues and deal between Reliance Jio and Facebook amid a gloomy economic environment.
The Sensex closed with a 743 points, or 2.42 percent, gain at 31,379.55 and the Nifty settled 206 points, or 2.29 percent, higher at 9,187.30.
"The market is likely to remain volatile and react to earnings, trends in the number of coronavirus cases, crude oil prices, currency movements and global events. Any announcement from the government with regard to an economic stimulus package could provide some interim relief," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services."Technically, immediate resistance for the Nifty is placed around 9,400, while support is moving higher to 9,000 levels from the previous key level of 8,900-8,800. Considering the overall chart structure, we may see index
trading in a broader range of 8,900 to 9,400 in coming sessions,” Khemka said.
We have collated 15 data points to help you spot profitable trades:
Note: The open interest (OI) and volume data of stocks in this story are aggregates of the three-months data and not of the current month only.Key support and resistance level for the Nifty
This is followed by 9,000 strike, which holds 14.87 lakh contracts, and 9,200, which has accumulated 4.64 lakh contracts.
Significant call writing was seen at the 9,100 strike, which added 1.08 lakh contracts, followed by 9,700 strike that added 43,500 contracts.
Call unwinding was witnessed at 9,000 strike price, which shed 1.80 lakh contracts.
Put options data
This is followed by 9,500, which holds 8.16 lakh contracts, and 8,700 strikes, which has accumulated 6.68 lakh contracts.
Put writing was seen at the 9,000 strike, which added 4.23 lakh contracts, followed by 8,800 strike, which added 1.75 lakh contracts.
A minor put unwinding was seen at 9,400 strike, which shed 17,175 contracts.
Stocks with a high delivery percentage
89 stocks saw long build-up
Three stocks saw long unwinding
28 stocks saw short build-up
24 stocks witnessed short-covering
KNR Constructions' special purpose vehicles (SPVs) recommenced collection of user fee (toll) on all NHAI projects.
Narayana Hrudayalaya: Mutual funds raised stake in the company to 13.93 percent in Q4FY20 from 5.64 percent in Q3FY20, whereas CDC Group and CDC India Opportunities exited during the March quarter.
Zee Entertainment: Florida Retirement System bought 51,09,188 shares (or 0.53 percent) at Rs 141.29 per share.
Endurance Tech: Smallcap World Fund Inc sold 33,95,856 shares at Rs 566.66 per share.
Tanla Solutions: Board approved buyback of shares up to Rs 154 crore.
FII and DII data
Foreign institutional investors (FIIs) sold shares worth Rs 1,326.09 crore, while domestic institutional investors (DIIs) bought shares of worth Rs 863.82 crore in the Indian equity market on April 22, provisional data available on the NSE showed.Stock under F&O ban on NSENo security is under the F&O ban for April 23. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.