Trade setup for Wednesday: Equaling the longest win so far in 2022, the Indian stock market on Tuesday closed in positive territory for the sixth consecutive session. NSE Nifty closed 127 points north and closed at 17,825 level while BSE Sensex closed 379 points and 59,842 level. The Nifty Bank index closed 197 points higher at 39,239. Among sectors, realty, power, oil & gas and auto indices were the biggest gainers, while metals and telecom indices declined. Mid-cap and small-cap indices rose 1.03 per cent, outperforming Nifty and the forward decline ratio was positive at 1.50:1.
Here we list the key things that you should know before the opening bell of the stock market today:
global market signals
on Wall Street, Dow Jones 0.71 per cent, Nasdaq 0.19 per cent, S&P 500 0.19 per cent and small-cap 20000.05 per cent. European stocks extended gains for the fifth straight session on Tuesday, even as investors heeded signs of a sharp economic slowdown, even as the Federal Reserve remained on track for monetary tightening. Asian stocks rose mostly on Tuesday after a rebound on Wall Street, despite regional investor risks reflected in negative economic data outside China.
nifty technical outlook
Deepak Jasani, Head of Retail, said, “Nifty edged up with another upside gap and closed near intraday highs. Sentiment has corrected after encouraging macro news at the local level. 17,921 is the next resistance, while 17,719 is near. There may be support in the period.” Research at HDFC Securities.
“The immediate support for Nifty has now increased to 17,720, followed by 17,600, while resistance is seen near 17,870 and 18,000,” said Ruchi Jain, Lead Research, 5paisa.com.
bank nifty technical outlook
“Bank Nifty ended with a small Doji candle on the daily chart and around its previous swing high resistance. So although there is no confirmation of a reversal yet, one should reduce long position volume and buy excessively high Let’s take some money off the table as a reading around the resistance zone could lead to some profit-booking in the near future,” said Ruchit Jain of 5paisa.com.
Mehul Kothari, AVP of Technical Research at Anand Rathi said, “Immediate support for Nifty Bank is placed at 38,700 to 38,600 level, while immediate support for the index is at 39,500 to 39,600 level.”
nifty call option data
As per data shown by nseindia.com on August 16 at 3.30 PM, the major total Call Open Interest was seen at 17900, 18000 and 18100 strikes with total Open Interest of 84859, 147242 and 95711 contracts respectively. Major call open interest additions were seen at 18000 and 18100 strikes which included 46954 and 40849 contracts respectively. Call unwinding was seen at the 17600 and 17700 strikes, which saw 10667 and 37413 contracts drop respectively.
nifty put option data
As per data shown by nseindia.com on August 16 at 3.30 pm, Major Total Put Open Interest was seen at 17600, 17700 and 17800 strikes with total open interest of 101555, 130832 and 108055 contracts respectively. Major put open interest additions were seen at the 17600, 17700 and 17800 strikes, which included 28526, 71350 and 89976 contracts respectively. The strikes from 17500 to 18100 saw no major put unwinding.
bank nifty call option data
As per the data shown by nseindia.com on August 16 at 3.30 PM, the major Total Call Open Interest was seen at 39500 and 39800 strike with Total Open Interest of 100767 and 48013 contracts respectively. Major call open interest additions were seen at the 39300, 39400 and 39500 strikes, with 54972, 57903 and 30259 contracts added respectively. Call unwinding was witnessed at 39000 strike which shed 19962 contracts.
bank nifty put option data
As per the data shown by nseindia.com on 16th August at 3.30 PM, the major Total Put Open Interest was seen at 38800, 38900 and 39000 Strikes, with the Total Open Interest being 61217, 39459 and 88322 contracts respectively. Major put open interest additions were seen at the 39200 and 38700 strikes, which included 45901 and 17871 contracts respectively. The strikes from 38700 to 39700 saw no major put unwinding.
fii dii data
Foreign Institutional Investors (FIIs) made net purchases Shares worth Rs 1,376.84 crore, while Domestic Institutional Investors (DIIs) made net sales As per provisional data available on NSE, as on August 16, shares worth Rs 136.24 crore.
Ban on NSE F&O on 12 Aug 2022
National Stock Exchange (NSE) has added Balrampur Chini, Delta Corp and Tata Chemicals stocks under its F&O sanctions list for the trading date 17 August 2022. Securities under the F&O segment include those companies in which the security has crossed 95 per cent in their embargo period. of market-wide position limits.
US Bond Yield
The US 10-year bond yield declined 0.13 per cent to 2.820, while the US 30-year bond yield declined 0.26 per cent to 3.107.
catch all business News, market news, today’s fresh news events and breaking news Updates on Live Mint. download mint news app To get daily market updates.