The Nifty 50 recorded a healthy rally after a strong gap-up opening, rising 1.92 percent on April 11. This was triggered by the 90-day pause in US tariffs for all countries except China. Furthermore, US President Trump's decision later on Friday to exclude mobile phones, computers, tech devices, and components from tariffs may also boost sentiment. According to experts, the 22,900–23,000 zone (20-day and 50-day EMAs) is likely to be the immediate resistance area. If the index surpasses this, it could close the large bearish gap from April 7. Above this level, the 23,200–23,400 zone is expected to act as a crucial hurdle. However, the sustainability of this uptrend remains key to watch, especially since the VIX continues to stay at an elevated level. Support is placed at 22,700, followed by 22,550.

The market was shut on April 14 for Dr Baba Saheb Ambedkar Jayanti.

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

1) Key Levels For The Nifty 50 (22,829)

Resistance based on pivot points: 22,903, 22,957, and 23,044

Support based on pivot points: 22,729, 22,675, and 22,587

Special Formation: The Nifty 50 formed a bullish candlestick pattern after the gap-up opening on the daily charts, signaling a strong upside bounce following a day of correction. The index also made a solid attempt to close the bearish gap from April 7 and to reach the 20-day EMA (22,900), which is a positive sign, though it was unsuccessful. It closed above the 50 percent Fibonacci retracement (of the March high and April low), while the momentum indicator RSI (Relative Strength Index) at 48.35 trended upward, which is also a positive signal. On the weekly chart, the index formed a Bullish Belt Hold-like candlestick pattern, suggesting a positive bias, although momentum indicators RSI and MACD indicate consolidation.

2) Key Levels For The Bank Nifty (51,002)

Resistance based on pivot points: 51,194, 51,338, and 51,571

Support based on pivot points: 50,727, 50,583, and 50,350

Resistance based on Fibonacci retracement: 51,442, 52,064

Support based on Fibonacci retracement: 50,398, 49,883

Special Formation: The Bank Nifty also formed a bullish candlestick pattern after a positive opening and is now trading well above all key moving averages (10, 20, 50, 100, and 200-day EMAs), as well as above the midline of the Bollinger Bands, indicating a healthy trend. The RSI at 56.10 trended upward, while the Stochastic RSI indicator shows a crossover of the %K line above the %D line just above the 20 mark, suggesting a positive trend. The index was up 1.52 percent on Friday, crossing above the 61.8 percent Fibonacci retracement (of the March high and April low).

3) Nifty Call Options Data

According to the weekly options data, the 24,000 strike holds the maximum Call open interest (with 68.86 lakh contracts). This level can act as a key resistance for the Nifty in the short term. It was followed by the 23,500 strike (55.16 lakh contracts), and the 23,000 strike (39.61 lakh contracts).

Maximum Call writing was observed at the 23,500 strike, which saw an addition of 14.35 lakh contracts, followed by the 22,900 and 22,800 strikes, which added 13.02 lakh and 11.58 lakh contracts, respectively. The maximum Call unwinding was seen at the 22,500 strike, which shed 10.52 lakh contracts, followed by 22,400 and 23,700 strikes, which shed 8.12 lakh and 6.07 lakh contracts, respectively.

4) Nifty Put Options Data

On the Put side, the maximum Put open interest was seen at the 22,000 strike (with 49.63 lakh contracts), which can act as a key support level for the Nifty. It was followed by the 22,500 strike (39.68 lakh contracts) and the 22,800 strike (25.54 lakh contracts).

The maximum Put writing was placed at the 22,800 strike, which saw an addition of 22.73 lakh contracts, followed by the 22,000 and 22,900 strikes, which added 19.56 lakh and 13.82 lakh contracts, respectively. The maximum Put unwinding was seen at the 22,400 strike, which shed 4.32 lakh contracts, followed by the 22,300 and 22,350 strikes, which shed 1.52 lakh and 37,875 contracts, respectively.

5) Bank Nifty Call Options Data

According to the monthly options data, the maximum Call open interest was seen at the 53,000 strike, with 14.26 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 52,000 strike (11.91 lakh contracts) and the 51,000 strike (8.91 lakh contracts).

Maximum Call writing was visible at the 51,200 strike (with the addition of 88,560 contracts), followed by the 51,100 strike (78,030 contracts) and the 51,300 strike (40,500 contracts). The maximum Call unwinding was seen at the 52,000 strike, which shed 3.63 lakh contracts, followed by the 50,500 and 53,000 strikes, which shed 2.17 lakh and 1.79 lakh contracts, respectively.

6) Bank Nifty Put Options Data

On the Put side, the 50,000 strike holds the maximum Put open interest (with 11.35 lakh contracts), which can act as a key support level for the index. This was followed by the 49,000 strike (8.89 lakh contracts) and the 51,000 strike (8.56 lakh contracts).

The maximum Put writing was observed at the 51,000 strike (which added 2.12 lakh contracts), followed by the 50,900 strike (92,520 contracts) and the 51,100 strike (85,950 contracts). The maximum Put unwinding was seen at the 49,500 strike, which shed 62,730 contracts, followed by the 50,200 and 50,400 strikes, which shed 51,930 and 49,470 contracts, respectively.

7) Funds Flow (Rs crore)

8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, rose to 0.96 on April 11, against 0.93 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, which measures expected market volatility, dropped 6.17 percent to 20.11 levels. However, it remains in a higher zone, indicating some caution for bulls.

10) Long Build-up (113 Stocks)

A long build-up was seen in 113 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

11) Long Unwinding (7 Stocks)

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

12) Short Build-up (22 Stocks)

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

13) Short-Covering (79 Stocks)

79 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.

15) Stocks Under F&O Ban

Securities banned under the F&O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.

Stocks added to F&O ban: Nil

Stocks retained in F&O ban: Birlasoft, Hindustan Copper, Manappuram Finance, National Aluminium Company

Stocks removed from F&O ban: Nil