Trade setup for July 25, 2022: Things to know before the opening bell of the stock market

As the market prepares to reopen today after a two-day week hiatus, the bulls will be looking to extend their dominance while the bears will be waiting for a break in the rally that has been going on since July 15, 2022.

Here we list the key things regarding trade setup for today Before the opening of the stock market:

global market signals

Tracking the US Fed meeting scheduled this week and US Q2 GDP data release, the bull run on Wall Street took a break following a profit-taking trigger in the weekend session. The Dow Jones closed down 0.43 per cent while the tech heavy Nasdaq ended its 3-day rally and closed down 1.87 per cent in Friday’s session. The S&P 500 edged south by 0.93 per cent while the Small Cap 2000 closed down 1.62 per cent.

European stock markets edged higher on Friday despite disappointing survey growth data along with higher-than-expected interest rates from the European Central Bank. Asian stock markets were mostly higher, though mild and on course for their best week in months.

nifty technical outlook

“Nifty may see a higher opening on Monday from the current momentum but it is difficult to record sharp gains after 6 days of rise. 16,794 could be the next resistance in the near term while 16,588 to 16,627 could provide support. An upside of 16,794 Further breaches could move Nifty to band 16,889 to 16,958,” said Deepak Jasani, Head of Retail Research, HDFC Securities.

“In terms of retracement, Nifty has crossed the 50 per cent retracement level of the previous correction from 18115 to 18185 and is now approaching 61.8 percentage points. It is forming a high top high bottom structure which is a positive sign. However, Ruchit Jain, Lead Research, 5paisa.com, said, “Momentum readings on the lower time charts have moved into the overbought zone and typically such an overbought set-up would lead to either a price or a time-wise correction. Is.”

bank nifty technical outlook

“Index Nifty Bank not only slipped above the 35,000 mark but outperformed the benchmark with a rise of almost 6 per cent during the last week. In the process, the index has jumped to around 37,000 mark. For this week, 37000 – 37500 may be an area for booking some profit as we are seeing placement of a falling trend line there,” said Mehul Kothari, AVP of technical research at Anand Rathi.

Mehul Kothari of Anand Rathi further said that the trigger point for the Nifty Bank index could be 34,300 points, which is a gap area and its breach could bring some softening or profit-booking in banking stocks. Also there is a gap area in that zone. Kothari said that on the downside, support lies at the 36,000-35,000 level.

nifty call option data

“Maximum Total Call Open Interest was observed at 16800, 17000 and 17100 strikes with total Open Interest of 93420, 124562 and 70688 contracts respectively. Maximum Call Open Interest additions were seen at 16800, 17000 and 17100 strikes which included 35912, 36338 and 37501 contracts were involved. “Call unwinding was witnessed at 16500 and 16600 strikes, which left 3539, 5761 contracts respectively,” said Chinmoy Barve, Head of Technical and Derivatives Research at Profitmart Securities.

nifty put option data

Anuj Gupta, Vice President (Research), IIFL Securities said, “The maximum Put Open Interest additions were witnessed in the 16600, 16500 and 16200 strikes, which included 91749 145672 and 77614 contracts respectively.”

nifty bank call option data

“Maximum Total Call Open Interest seen at 37000, 37200 and 37500 strikes with Total Open Interest seen at 83092, 27989 and 62774 contracts respectively. Maximum Call Open Interest additions were seen at 37000, 37200 and 37500 strikes, with 39540, 16455 and 35169 contracts were involved. Call unwinding was witnessed at 36000 and 36200 strikes, with 8150 and 13985 contracts respectively, said Chinmoy Barve of Profitmart Securities.

nifty bank put option data

Anuj Gupta said, “Maximum Put Open Interest additions were seen at 36500, 36400 and 36000 strikes, which included 73385, 28664 and 80972 contracts respectively.”

fii dii data

Foreign Institutional Investors (FIIs) made net selloff 675 crore shares, while Domestic Institutional Investors (DIIs) have made net purchases As per provisional data available on NSE, shares worth 739 crores as on 22nd July.

Ban on NSE F&O as on 25 July 2022

The National Stock Exchange (NSE) has added the shares of Delta Corp, Indiabulls Housing Finance and RBL Bank under its F&O sanctions list for the trading date 25 July 2022. The securities in the restriction period under the F&O segment include those companies in which the security has crossed 95%. Percentage of market-wide position limit.

US Bond Yield

The US 10-year bond yield is up 0.27 per cent at 2.789 while the US 30-year bond yield is up 0.19 per cent at 3.002.

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