The Nifty’s main support level is 13,721.07, which is followed by 13,624.63. The primary resistance levels to watch if the index rises are 13,906.07 and 13,994.63.
Indexes in the headlines The Sensex and Nifty finished the session in the red for the fifth time in a row, owing to lacklustre global cues.
The Sensex fell 536 points, or 1.13 percent, to 46,874.36 points, while the Nifty fell 150 points, or 1.07 percent, to 13,817.55.
“After the unidirectional upside of the last ten months, the market has turned cautious due to uncertainty ahead of the Budget and profit-booking in global markets due to over-enthusiasm,” said Vinod Nair, Head of Research at Geojit Financial Services.
“Global risk parameters have risen amid the US Fed’s accommodative stance, owing to high stock market speculation and a possible reduction in fiscal and monetary liquidity in the future,” said Nair.
We’ve compiled 15 data points to assist you in identifying successful trades:
Note: Notice that the open interest (OI) and volume data for stocks in this story are three-month averages, not just for the current month.
The Nifty’s main support and resistance levels
The main support level for the Nifty, according to pivot charts, is 13,721.07, followed by 13,624.63. The primary resistance levels to watch if the index rises are 13,906.07 and 13,994.63.
Nifty Bank is a financial institution that specializes in the
The Nifty Bank ended the day at 30,358.30, up 0.24 percent. The critical pivot stage, which will serve as vital support for the index, is set at 29,875.87, with 29,393.43 following closely behind. The main resistance levels on the upside are 30,652.57 and 30,946.84.
Data on the call option
At the 14,000 strikes, there was a maximum call OI of 41.41 lakh contracts, which will serve as critical resistance in the February sequence.
Following that are 14,100 strikes, with 28.78 lakh contracts, and 13,900 strikes, with 28.49 lakh contracts.
The 13,900 strike saw significant call writing, adding 18.76 lakh contracts, followed by the 13,800 strike, which added 14.37 lakh contracts.
Call unwinding was seen at 14,100, which lost 11.6 lakh contracts, and then at 14,200, which lost 11.3 lakh contracts.
Optional data should be entered.
At the 13,500 strike, the maximum put OI of 39.40 lakh contracts was seen, which will serve as vital help in the February sequence.
Following that are 13,800 strikes, with 33.62 lakh contracts, and 13,700 strikes, with 23.95 lakh contracts.
There was a lot of placed writing at 13,800, which added 9.92 lakh contracts, and at 13,500, which added 7.89 lakh contracts.
Put unwinding was seen at 14,000 strikes, which lost 18.68 lakh contracts, and 13,900 strikes, which lost 15 lakh contracts.
Stocks with a high number of deliveries
A high delivery percentage indicates that these stocks have piqued the attention of investors.
There was a long build-up in 51 stocks.
Here are the top 10 stocks with a long build-up based on the OI future percentage.
3 stocks saw long unwinding
There was a brief build-up in 88 stocks.
A rise in OI accompanied by a drop in price usually suggests a build-up of short positions. Here are the top 10 stocks with a short build-up based on the OI future percentage.