Key support level for Nifty is placed at 9,198.15, followed by 9,134.45. If the index starts moving up, key resistance levels to watch out for are 9,358.2 and 9,454.55
The Indian benchmark indices traded in a tight range and settled almost flat amid mixed cues on April 20.
The Sensex closed 59 points, or 0.19 percent up, at 31,648, and the Nifty finished five points lower, or down 0.05 percent, at 9,261.85.
"We have mixed signals from the local front as of now. The steps, which are taken by the government for lifting the lockdown partially, Reserve Bank of India’s measures to stabilise the financial system and projection of a normal monsoon have provided a sentimental boost," said Ajit Mishra, VP - Research, Religare Broking.
However, he added that a sharp increase in coronavirus cases is still the major cause of concern.
"As the earnings season progresses, the stock-specific movement would remain high, hence we would advise participants to continue with a cautious approach and prefer hedged bets," Mishra said.
We have collated 15 data points to help you spot profitable trades:
Note: The OI and volume data of stocks given in this story are the aggregates of three-months data and not of the current month only.Key support and resistance level for the Nifty
According to pivot charts, the key support level for Nifty is placed at 9,198.15, followed by 9,134.45. If the index starts moving up, key resistance levels to watch out for are 9,358.2 and 9,454.55.Nifty Bank
Nifty Bank closed 0.77 percent lower at 20,522.65. The important pivot level, which will act as crucial support for the index, is placed at 20,270.56, followed by 20,018.43. On the upside, key resistance levels are placed at 20,948.46 and 21,374.23.Call options data
Maximum call open interest (OI) of 14.03 lakh contracts was seen at the 9,500 strike price. It will act as a crucial resistance level in the April series.
This is followed by the 9,000, which holds 13.69 lakh contracts, and 9,800 strikes, which has accumulated 3.78 lakh contracts.
Call writing was seen at the 9,400, which added 42,450 contracts, followed by 9,600 strikes that added 41,850 contracts.
Call unwinding was witnessed at 9,000 strike, which shed 1.16 lakh contracts.
Put options data
Maximum put OI of 23.5 lakh contracts was seen at 9,000 strike, which will act as crucial support in the April series.
This is followed by 9,500, which holds 9.05 lakh contracts, and 8,800 strikes, which has accumulated 4.64 lakh contracts.
Put writing was seen at the 9,000, which added 2.65 lakh contracts, followed by 9,300 strikes, which added 90,000 contracts.
Put unwinding was seen at 8,900 strike, which shed 225 contracts.
Stocks with a high delivery percentage
A high delivery percentage suggests that investors are showing interest in these stocks.
27 stocks saw long build-up
Based on open interest (OI) future percentage, here are the top 10 stocks in which long build-up was seen.
35 stocks saw long unwinding
Based on OI future percentage, here are the top 10 stocks in which long unwinding was seen.
59 stocks saw short build-up
An increase in OI, along with a decrease in price, mostly indicates a build-up of short positions. Based on OI future percentage, here are the top 10 stocks in which short build-up was seen.
25 stocks witnessed short-covering
A decrease in OI, along with an increase in price, mostly indicates a short-covering. Based on open interest (OI) future percentage, here are the top 10 stocks in which short-covering was seen.
ACC, CRISIL, Den Networks, GSS Infotech, Tejas Networks, ICICI Prudential Life Insurance Company and GTPL Hathway are the companies that will release their March quarter earnings on April 21.Stocks in the news
Infosys: Profit fell 3.1 percent to Rs 4,321 crore in Q4, revenue rose 0.8 percent to Rs 23,267 crore.
TCS: Amway partners with TCS for strategic IT operations transformation.
NLC India: Company raised Rs 1,000 crore via issuance of commercial papers to SBI for standalone business operations.
Infibeam Avenues: Company signed a binding agreement for the acquisition of US-based IT firm AI Fintech.
Precision Wires: The company received permission to restart manufacturing operations at Silvassa plant.
HeidelbergCement India: Company resumed partial operations in some manufacturing units.
Excel Industries: Company's manufacturing operations have restarted and will be ramped up gradually.
FII and DII data
Foreign institutional investors (FIIs) sold shares worth Rs 265.89 crore and domestic institutional investors (DIIs) sold shares of worth Rs 788.87 crore in the Indian equity market on April 20, provisional data available on the NSE showed.Stock under F&O ban on NSE
No security is under the F&O ban for April 21. 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.