Moneycontrol

On June 13, the pressure was strong on the Indian markets. Higher than expected inflation data from the US, weak Rupee and strong FII selling hurt market sentiment. All sector indices closed in the red in yesterday’s trading. Nifty Bank, Auto, Financial Services, IT, Metal, Realty and Oil & Gas fell 2-4%. Sensex had closed at 52847, down 1,457 points or 2.68% yesterday. Meanwhile, Nifty lost 427 points or 2.64% and closed at the 15774 level. Nifty formed a bearish candle on the daily chart.

How can the market evolve today?

Nagraj Shetty of HDFC Securities Says a long negative candle forming with a long lower shadow at lower levels on the daily chart. Technically, this pattern indicates a continued downtrend in the market and an attempt to break out of a downside break of support near 16,700. Light buying from lower levels is indicated by the formation of long lower shadows. He further stated that Nifty is now looking for support around the 15,650-15,700 level. The short-term trend for Nifty remains negative.

With Nifty hovering around the crucial 15,700 support and an unfilled weekly open downside gap forming, there is also potential for a rally higher from the 15,500-15,400 lows at over the next 2-3 trading sessions.

Like the giants, small and mid-size stocks were also under pressure in yesterday’s trading. Nifty Midcap closed down 2.9%. At the same time, the small cap index closed with a drop of 3.9%. India Vicks, which measures market volatility, also rose 14.25% to 22.37, which is not a good sign for bulls.

Here are some statistics based on which you can catch profitable deals. It should be noted here that the Open Interest (OI) and Equity Volume numbers in this story are the sum total of three months’ data, not just the current month.

Main support and resistance levels for Nifty

The first support for Nifty is located at 15677 and then the second support is located at 15579. If the index moves higher, it may face resistance at 15879 and then 15984.

The first support for Nifty Bank is located at 33153 and after that the second support is located at 32900. If the index moves higher it may face resistance at 33716 and then 34027.

call option data

The maximum call open interest of 25.66 lakh contracts was seen at the 17000 strike, which will act as an important resistance level in the June series. After that, the highest open interest of 20.22 lakh contracts is seen at 16500. At the same time, there is an open interest call of 18.97 lakh contracts at the 16000 strike.

The call writing was seen in the strike of 15800. 7.17 lakh contracts were added to this strike. After that, 6.71 lakh contracts were added even over 16,000.

The maximum roll call was observed during the strike of 17200. After that, the peak roll call was on the strike of 17500 and then 16800.

put data

The maximum open interest of 34.19 lakh contracts was seen at the strike of 16000, which will act as an important support level in the June series. After that, the highest Open Interest of 31.65 lakh contracts is seen at 15,500. Meanwhile, there is a Put Open Interest of 28.01 lakh contracts during a strike of 15,000.

Put writing was seen on strike of 14500. 4.27 lakh contracts were added to this strike. After that, 3.73 lakh contracts were also added at 15,800. While 3.01 lakh contracts are pegged at 15,700.

The maximum unwinding of the put was seen at the 16000 strike. This was followed by the highest unwinding put at 16200 and then 14900 exercise.

Stocks with high delivery percentage

These include the names of United Breweries, TCS, HDFC, ICICI Lombard General Insurance and Infosys. A high delivery percentage indicates that investors are interested in these stocks.

FII and DII numbers

On June 13, foreign institutional investors sold Rs 4164.01 crore in the Indian markets. On the other hand, domestic institutional investors bought Rs 2814.50 crore that day.

Stocks Under F&O Ban on NSE

On June 14, 2 stocks are under F&O ban on NSE. These include the names of RBL Bank and Delta Corp. It should be noted that stocks included in the F&O segment are placed in the prohibited category if the positions of the securities exceed their market-wide position limits.

4 stocks showed long accumulation

A rise in open interest as well as a rise in price usually leads to the formation of a long position. Based on the percentage of open interest futures, 4 stocks had a long build in yesterday’s trade. These include the names of Honeywell Automation, Siemens, Pidilite Industries and PI Industries.

Long ending seen in 95 actions

A long outcome is usually predicted by a drop in open interest as well as a drop in prices. Based on the percentage of open interest futures contracts, the 5 stocks that saw the longest settlement in yesterday’s trading include the names of ONGC, Birlasoft, Bajaj Finserv, Whirlpool of India and Hindustan Aeronautics.

95 stocks showed a short accumulation

A rise in open interest along with a fall in price usually indicates a short accumulation. RBL Bank, Bharat Forge, Bank Nifty, Ramco Cements and Crompton Greaves Consumer Electricals are among the 10 stocks that saw the largest accumulation of short positions in yesterday’s trading based on percentage open interest futures.

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Short-sighted coverage in 6 stocks

A drop in open interest along with an increase in price usually indicates short coverage. Based on the percentage of open interest futures contracts, the 6 stocks that saw the highest short coverage in yesterday’s trading include the names of Bajaj Auto, Marico, Nestle India, Syngene International, Ipca Laboratories and Britannia. Industries.

Disclaimer: The opinions expressed on moneycontrol.com are the personal opinions of the experts. The website or the management are not responsible for this. Money Control advises users to consult a certified expert before making any investment decision.

(Disclaimer: Network 18 Media & Investment Ltd. is owned by Independent Media Trust. Its beneficiary company is Reliance Industries.)

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