Trade setup for September 5, 2022: Things to know before the opening bell of the stock market

Here we list the key things that you should know before the opening bell of the stock market today:

global market signals

In Friday’s session, wall Street Heavy weekend selling was witnessed as the Dow Jones fell 1.07 per cent, the tech heavy Nasdaq down 1.31 per cent, the S&P 500 slipped 1.07 per cent while the Small Cap 2000 was down 0.81 per cent. World stocks were headed for a 3 percent drop in the week, while the dollar rose to a 24-year high against the yen on key US jobs data, as investors looked at US jobs reports and the Federal Reserve on Friday last week. aggressive rate hikes. , The possible resumption of Russian gas supplies to Europe stabilized sentiments in Europe.

nifty technical outlook

Speaking on the Nifty 50 Index Outlook, Mehul Kothari, AVP – Technical Research at Anand Rathi said, “The bearish shark pattern on the Nifty 50 Index is still intact. Further, the index has crossed last week’s low after nine weeks. And it gives first signal. Sign of weakness. Also, we are seeing a reversal candlestick pattern on the weekly scale. We reiterate that the minimum correction of 38.6% in the entire rally from 15200 to 18000 is also big for stocks. Thus, we maintain our stance that a prudent strategy may be to avoid fresh long positions in the index and book profits in trading bets.

Mehul Kothari further added, “On the downside; 17350 could be a key support for the coming weeks. A breach of this support could drag the index towards the levels of 17000 – 16800. On the upside; 17750 – 18000 in the coming days.” Could be a supply zone for the week. We will only reverse the aggressive bullish move above the 18000 mark. Recent price action indicates some distribution signals and hence we have taken a cautious stance on the markets.”

Nifty Bank Technical Outlook

“Nifty Bank Index came back to reclaim 39,000 mark and ended the week extremely flat. We maintain a cautious stance on Nifty Bank Index and below 38,000 we see a corrective move towards 37,000 to 36,000 in the coming weeks. This view will be negated above. 40,000 points based on closing and it will confirm a fresh breakout in the index,” Mehul Kothari said.

nifty call put option data

On Nifty Call Put Ratio, Shilpa Raut, Derivatives Lead Analyst, Prabhudas Lilladher said, “Markets remain sluggish for second consecutive day. Reflecting on Nifty option chain CE writers aggressively adding over 90 thousand contracts for weekly expiry By 18000 CE, PE writers made their way to 17000PE – with over 90 thousand contracts in total, followed by 16500PE. The fresh highest contract was added at 17500PE, indicating an immediate range between 17400-18000 The index continues to be supported, with the PCR OI being around 2 at 17500.”

nifty bank call put option data

“Nifty Bank Future Options Chain is active at 38000PE of PE Writers – with over 60k contracts, and CE Writers add clustered positions from 39500-40000 strikes. Thus the data hints at a trading range between 38000-40300, Which is progressing now, said Shilpa Raut of Prabhudas Lilladher.

Foreign institutional investors (FIIs) sold a total of 8.79 crore shares, while domestic institutional investors (DIIs) made net sales. As per provisional data available on NSE, the shares worth 668.74 crore as on 2nd September.

NSE F&O Sanctions List

The National Stock Exchange (NSE) has added Delta Corp stock under its F&O sanctions list for the trading date of 5 September 2022. Securities in the embargo period under the F&O segment include those companies in which the security has exceeded 95 percent of the market-wide position. range

US Bond Yield

The US 10-year bond yield rose 0.13 per cent to 3.195 while the US 30-year bond yield rose 0.12 per cent to 3.348.

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