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Last Updated : Feb 12, 2018 08:00 AM IST | Source: Moneycontrol.com

Trade setup for Monday: Top 15 things you should know before Opening Bell

Maximum Put writing was seen at the strike price of 10,100, which saw the addition of 6.94 lakh contracts, followed by 10,200, which added 5.62 lakh contracts and 10,400, which added 3.63 lakh contracts.

Sunil Matkar @moneycontrolcom
Sandip Das @Im_Sandip1

The Nifty 50 which started with a gap down opening on Friday morning recouped some of its losses and closed significantly higher, making a bullish candle on intraday charts. However, on weekly basis, it has formed a small bearish candle.

The index closed below its crucial support placed around 10,500 but above its crucial 100-day exponential moving average (DEMA) placed at 10,400 levels.

The positive takeaway from this week is the fact that the Indian market has manages to close significantly higher than its opening level which suggests accumulation at lower levels.

The Nifty which opened at 10,416, slipped to an intraday low of 10,398. It bounced back after hitting its 100-DMA to close the week 121 points lower at 10,454.

“Indian bourses remained vulnerable to bouts of volatility emanating from global financial markets as another day has ended with a huge gap down. It has signed off the week with a small bearish candle formation on the charts,” Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in told Moneycontrol.

“These kind of gap down openings are just suggesting fear on the part of traders, but post such an opening the market is not witnessing follow through selling at least for that day. This has been the phenomena for almost three sessions which recently witnessed gap down openings. This kind of behaviour is only pointing towards some accumulation taking place at intraday lows,” he said.

Mohammad added that for any reason if the recent low of 10,276 is breached then the correction may extend up to 10,040 levels. Contrary to this, a close above 10,637 shall be considered as an initial sign of strength in the market.

We have collated the top fifteen data points to help you spot profitable trade:

Key Support & Resistance Level for Nifty:

The Nifty closed at 10,455 on Friday. According to Pivot charts, the key support level is placed at 10,408.73, followed by 10,362.47. If the index starts to move higher, key resistance levels to watch out are 10,490.73 and 10,526.47.

Nifty Bank:

The Nifty Bank closed at 25,463.65, down 1.76 percent. Important Pivot level, which will act as crucial support, is placed at 25,357.03, followed by 25,250.37. On the upside, key resistance levels are 25,584.33, followed by 25,704.97.

Call Options Data:

Maximum call open interest (OI) of 53.74 lakh contracts stands at the strike price of 11,000, which will act as a resistance for the February series, followed by 10,700, which now holds 37.08 lakh contracts in open interest, and 10,500, which has accumulated 33.06 lakh contracts in OI.

Call writing was seen at the strike price of 10,400, which saw the addition of 7.99 lakh contracts, along with 10,500, which added 5.07 lakh contracts, and 10,600, which saw the addition of 4.22 lakh contracts.

Call unwinding was seen at the strike of 10,900, which shed 3.45 lakh shares.

Image10922018

Put Options Data:

Maximum put OI of 57.60 lakh contracts was seen at the strike price of 10,000, which will act as a crucial base for February series, followed by 10,500, which now holds 51.47 lakh contracts, and 10,400, which has now accumulated 40.27 lakh contracts in OI.

Maximum Put writing was seen at the strike price of 10,100, which saw the addition of 6.94 lakh contracts, followed by 10,200, which added 5.62 lakh contracts, and 10,400, which added 3.63 lakh contracts.

Put unwinding was seen at 10,500, which shed 7.37 lakh contracts, followed by 10,600, which shed 5.05 lakh contracts, and 10,800, which shed 3.67 lakh contracts.

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FII & DII Data:

Foreign institutional investors (FIIs) have net sold shares worth Rs 1,351.7 crore, while domestic institutional investors (DIIs) bought shares worth Rs 588.42 crore in the Indian equity market on Friday, as per provisional data available on the NSE.

Fund flow picture:

FII & DII

Stocks with high delivery percentage:

High delivery percentage suggests that investors are accepting delivery, which means that investors are bullish on the stock.

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51 stocks saw long build-up:

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38 stocks saw short covering:

A decrease in open interest along with an increase in price mostly indicates short covering.

Image14922018

74 stocks saw short build-up:

An increase in open interest along with a decrease in price mostly indicates short positions being built up.

Image15922018

47 stocks saw long unwinding:

Long unwinding happens when there is a decrease in OI as well as in price.

Image16922018

Bulk Deals:

Fortis Healthcare: QE Securities sold 33,87,627 shares at Rs 142.58 per  share while Societe Generale bought 38,11,825 shares at Rs 141.53 per share.

Genesys International: Bridge India Fund sold 2,62,731 shares at Rs 289.51 per share. (For more bulk deals click here)

Analyst or Board Meets/Briefings:

Triveni Turbine: The Board has considered and approved the un- audited financial results of the company (standalone and consolidated) for Q3 and nine months  ended December 31, 2017.

ABB India: The company has announced payment of dividend. Its 68th Annual General Meeting (AGM) is to be held on May 9, 2018. The dividend, if declared at the 68th Annual General Meeting, will be paid from May 11, 2018.

Stocks in news:

ONGC: ONGC Videsh led Indian consortium has been awarded 10 percent stake in Lower Zakum Concession, Offshore Abu Dhabi.

Bharat Petroleum Corporation: The company has fixed February 24, 2018 as record date for the purpose of payment of interim dividend. The interim dividend will be paid or the warrant in respect thereof will be posted on or before March 9, 2018.

Hindustan Petroleum Corporation: The company has fixed March 1, 2018 as record date for purpose of payment of interim dividend. The interim dividend is proposed to be paid on or before March 8, 2018.

Vista Pharma had USFDA inspection from 1st to 9th feb and has been issued 483 with observations

Capacite infraprojects receipt of order worth Rs 247cr

NMDC total production and sales upto 31 Jan 2018
Sales (mn tonnes)- 28.89

Production( mn tonnes)- 27.87

Zensar expands operations in UK

4 stocks under ban period on NSESecurity in ban period for the next trade date under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit. The security which are banned for trading are Balrampur Chini, GMR Infra, HDIL and Jain Irrigation.
First Published on Feb 12, 2018 07:45 am
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