Here are 15 data points we have collated to help you spot profitable trades:
1) Key Levels For The Nifty 50
Resistance based on pivot points: 23,576, 23,595, and 23,625
Support based on pivot points: 23,515, 23,497, and 23,466
Special Formation: The Nifty 50 formed a Doji candlestick pattern (indicating indecision among buyers and sellers) for another session, but the momentum indicators RSI and MACD remained positive.
2) Key Levels For The Bank Nifty
Resistance based on pivot points: 50,554, 50,710, and 50,963
Support based on pivot points: 50,048, 49,892, and 49,639
Resistance based on Fibonacci retracement: 51,133, 54,258
Support based on Fibonacci retracement: 49,507, 48,851
Special Formation: The Bank Nifty formed a bullish candlestick pattern with a lower shadow on the daily charts, while the momentum indicators RSI and MACD maintained a positive bias.
3) Nifty Call Options Data
According to the weekly options data, the maximum open interest was seen at 24,000 strikes (with 87.71 lakh contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 23,800 strike (41.51 lakh contracts) and the 25,000 strike (40.55 lakh contracts).
Maximum Call writing was observed at the 24,000 strike, which saw an addition of 21.27 lakh contracts, followed by the 23,800 and 23,600 strikes, which added 18.28 lakh and 13.47 lakh contracts, respectively. The maximum Call unwinding was seen at the 23,400 strikes, which shed 10.85 lakh contracts, followed by the 23,500 and 23,300 strikes, which shed 3.45 lakh and 1.95 lakh contracts, respectively.
4) Nifty Put Options Data
On the Put side, the 23,000 strike holds the maximum open interest (with 72.58 lakh contracts), which can act as a key support level for the Nifty. It was followed by the 23,400 strike (56.15 lakh contracts) and the 23,500 strike (48.7 lakh contracts).
The maximum Put writing was visible at the 23,000 strike, which saw an addition of 27.19 lakh contracts, followed by the 23,500 and 23,200 strikes, with 24.61 lakh and 13.97 lakh contracts added, respectively. Put unwinding was observed at the 22,600 strikes, which shed 7.33 lakh contracts, followed by 22,400 and 22,500 strikes, which shed 6.23 lakh and 5.39 lakh contracts, respectively.
5) Bank Nifty Call Options Data
According to the weekly options data, the maximum Call open interest was seen at the 50,500 strike, with 29.03 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 51,000 strike (28.53 lakh contracts) and the 51,500 strike (22.96 lakh contracts).
Maximum Call writing was visible at the 50,500 strikes (with the addition of 13.55 lakh contracts), followed by the 51,500 strikes (9.74 lakh contracts) and the 50,700 strikes (9.01 lakh contracts), while the maximum Call unwinding was seen at 50,000 strikes, (which shed 15.19 lakh contracts), followed by 50,100 strikes (7.55 lakh contracts), and 50,200 strikes (3.86 lakh contracts).
6) Bank Nifty Put Options Data
On the Put side, the 50,000 strike holds the maximum open interest (with 37.63 lakh contracts), which can act as a key support level for the index. This was followed by the 49,000 strike (31.05 lakh contracts) and the 49,500 strike (25.75 lakh contracts).
The maximum Put writing was observed at the 50,000 strike (which added 16.83 lakh contracts), followed by the 50,200 strike (15.9 lakh contracts) and the 50,300 strike (15.5 lakh contracts), while there was hardly any Put unwinding seen.
7) Funds Flow (Rs crore)
8) Put-Call Ratio
The Nifty Put-Call ratio (PCR), which indicates the mood of the market, fell to 1.26 on June 18 from 1.30 levels 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 volatility remained below the 13 mark, giving more comfort to the bulls, though it increased for the first time in the last six consecutive sessions. India VIX, the fear index, increased by 1.11 percent to 12.97 from 12.82 levels.
10) Long Build-up (84 Stocks)
A long build-up was seen in 84 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.
11) Long Unwinding (20 Stocks)
20 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.
12) Short Build-up (43 Stocks)
43 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.
13) Short-Covering (38 Stocks)
38 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: GNFC, Piramal Enterprises,
Stocks retained in F&O ban: Balrampur Chini Mills, Hindustan Copper, India Cements, SAIL, Sun TV Network
Stocks removed from F&O ban: GMR Airports Infrastructure
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