Trade setup for March 13: Top 15 things to know before the opening bell- Grow Mudra

Trade setup for March 13: Top 15 things to know before the opening bell

13 Mar , 2025 By : Debdeep Gupta

The Nifty 50 recovered losses amid range-bound trading and closed with a moderate decline of 0.1 percent on March 12. Overall, it has been stuck in the range of 22,300-22,700 for almost a week now, which needs to breach on either side for a firm direction. If the index decisively breaks 22,300, sharp selling pressure is possible, which could take the index down to 22,000-21,800. However, as long as the index stays below 22,700, consolidation may continue, as only sustaining above it can open doors for a strong upmove toward 23,000, but that seems less likely in the near term, according to experts.

Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The Nifty 50 (22,471)

Resistance based on pivot points: 22,554, 22,612, and 22,707

Support based on pivot points: 22,365, 22,306, and 22,211

Special Formation: The Nifty 50 reported a bearish candle with a long lower shadow on the daily charts with above-average volumes, indicating buying interest at lower levels. The index has been trying hard to sustain above the 5 and 10-day EMAs and climbed toward the 20-day EMA & the midline of Bollinger Bands but failed multiple times, which is negative.

2) Key Levels For The Bank Nifty (48,057)

Resistance based on pivot points: 48,185, 48,274, and 48,418

Support based on pivot points: 47,897, 47,808, and 47,664

Resistance based on Fibonacci retracement: 49,290, 50,282

Support based on Fibonacci retracement: 47,872, 46,078

Special Formation: The Bank Nifty managed to negate the lower high-lower low formation with above-average volumes but still sustained below all key moving averages (5, 10, 20, 50, 100, and 200-day EMAs), which is negative. Further, it formed a bullish candlestick pattern with an upper shadow on the daily charts, signaling some pressure at higher levels. The index managed to defend 47,800 on a closing basis for another session and got back above 48,000, up 203 points.

3) Nifty Call Options Data

According to the weekly options data, the maximum Call open interest was seen at the 23,000 strike (with 1.33 crore contracts). This level can act as a key resistance for the Nifty in the short term. It was followed by the 22,600 strike (1.08 crore contracts) and the 22,900 strike (92.15 lakh contracts).

Maximum Call writing was observed at the 22,550 strike, which saw an addition of 42.4 lakh contracts, followed by the 22,600 and 22,500 strikes, which added 37.41 lakh and 24.21 lakh contracts, respectively. The maximum Call unwinding was seen at the 23,300 strike, which shed 25.56 lakh contracts, followed by the 23,000 and 22,900 strikes, which shed 16.87 lakh and 16.72 lakh contracts, respectively.

4) Nifty Put Options Data

On the Put side, the 22,000 strike holds maximum Put open interest (with 1 crore contracts), which can act as a key support level for the Nifty. It was followed by the 22,300 strike (94.41 lakh contracts) and the 21,500 strike (85.85 lakh contracts).

The maximum Put writing was placed at the 22,300 strike, which saw an addition of 12.48 lakh contracts, followed by the 22,350 and 21,750 strikes, which added 9.17 lakh and 8.36 lakh contracts, respectively. The maximum Put unwinding was seen at the 22,200 strike, which shed 39.14 lakh contracts, followed by the 22,500 and 21,500 strikes, which shed 19.1 lakh and 11.78 lakh contracts, respectively.

5) Bank Nifty Call Options Data

According to the monthly options data, the 49,000 strike holds the maximum Call open interest, with 18.4 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 50,000 strike (14.76 lakh contracts) and the 48,500 strike (12.27 lakh contracts).

Maximum Call writing was visible at the 49,500 strike (with the addition of 1.74 lakh contracts), followed by the 49,000 strike (1.38 lakh contracts) and the 50,000 strike (1.24 lakh contracts). The maximum Call unwinding was seen at the 48,000 strike, which shed 86,220 contracts, followed by the 47,900 and 47,800 strikes, which shed 71,880 and 68,490 contracts, respectively.

6) Bank Nifty Put Options Data

On the Put side, the maximum Put open interest was seen at the 48,000 strike (with 14.47 lakh contracts), which can act as a key support level for the index. This was followed by the 47,000 strike (11.17 lakh contracts) and the 47,500 strike (8.46 lakh contracts).

The maximum Put writing was observed at the 47,400 strike (which added 89,910 contracts), followed by the 48,200 strike (77,280 contracts) and the 47,500 strike (58,350 contracts). The maximum Put unwinding was seen at the 47,800 strike, which shed 55,230 contracts, followed by the 47,200 and 48,400 strikes which shed 41,550 and 22,470 contracts, respectively.

7) Funds Flow (Rs crore)

8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, fell to 0.96 on March 12, against 1.09 in the previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.

9) India VIX

The India VIX, also known as the fear gauge, dropped below the 14 mark as well as below all key moving averages, which is favourable for the bulls. However, it needs to sustain below this zone for the bulls to feel more comfortable. It fell by 2.7 percent to 13.69.

10) Long Build-up (45 Stocks)

A long build-up was seen in 45 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

11) Long Unwinding (34 Stocks)

34 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.

12) Short Build-up (97 Stocks)

97 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.

13) Short-Covering (44 Stocks)

44 stocks saw short-covering, meaning a decrease in OI, along with a price increase.

14) High Delivery Trades

Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.