Trading Setup For Friday: Top 10 Things To Know Before Market Opening

Trading Setup For Today
Trading Setup For Today | Top Thing To Know Before Market Opening

The market remained in a good position at all times and ended with a record closure on July 15, driven by technology, selected banks, FMCG and metal stocks.

BSE Sensex increased by 254.80 points to 53,158.85, while Nifty50 jumped 70.20 points to 15,924.20 and formed a bullish candle on the daily charts.

“A good candlestick was built on Thursday and the market is set near the end of the season. This pattern indicates an attempt to break the merging pattern with a large moon at 15,915 levels,” said Nagaraj Shetti, of Technical Research. Analyst for HDFC Securities.

“But a lack of power in the highlands could reduce the bulls’ livelihood efforts beyond the trap. Continued reinforcement in the highlands could bring the bears into the act of witnessing in the next round of ground reclamation, as has happened in the past,” he added. .

“Internal support for the EMA will be very important at 15,900 levels. Any movement below this area for a few hours on Friday could undermine the correct adjustment,” he said, adding that the emergence of more than 15,950 strong momentum is expected to open the next 16,100 highs over time. short.

Wide markets also traded in line with ratings as the Nifty Midcap 100 index rose 0.48 per cent and the Smallcap 100 index rose 0.95 per cent.

Key Support And Resistance Levels On The Nifty

According to pivot charts, the key support levels for the Nifty are placed at 15,868.7, followed by 15,813.2. If the index moves up, the key resistance levels to watch out for are 15,966 and 16,007.8.

Nifty Bank

The Nifty Bank rallied 239.40 points to 35,907.70 on July 15. The important pivot level, which will act as crucial support for the index, is placed at 35,693.8, followed by 35,480. On the upside, key resistance levels are placed at 36,053.3 and 36,199 levels.

Call Option Data

Maximum Call open interest of 27.09 lakh contracts was seen at 16000 strike, which will act as a crucial resistance level in the July series.

This is followed by 16500 strike, which holds 15.53 lakh contracts, and 16200 strike, which has accumulated 15.41 lakh contracts.

Call writing was seen at 16300 strike, which added 3.14 lakh contracts, followed by 16200 strike which added 96,050 contracts and 16000 strike which added 88,600 contracts.

Call unwinding was seen at 15800 strike, which shed 3.13 lakh contracts, followed by 15700 strike which shed 1.81 lakh contracts, and 16500 strike which shed 90,250 contracts.


Put Option Data

Maximum Put open interest of 27.31 lakh contracts was seen at 15500 strike, which will act as a crucial support level in the July series.

This is followed by 15800 strike, which holds 19.99 lakh contracts, and 15200 strike, which has accumulated 18.67 lakh contracts.

Put writing was seen at 15900 strike, which added 6.04 lakh contracts, followed by 16000 strike which added 3.4 lakh contracts, and 15800 strike which added 3.19 lakh contracts.

Put unwinding was seen at 15500 strike, which shed 5.74 lakh contracts, followed by 15200 strike which shed 4.54 lakh contracts, and 15400 strike which shed 1.62 lakh contracts.


Bulk Deals

Emmbi Industries: Ithoughtwealth Analytics LLP sold 1,83,298 equity shares in the company at Rs 109.51 per share on the NSE, the bulk deals data showed.


Results On July 16

HDFC Asset Management Company, Den Networks, GNA Axles, Just Dial, L&T Finance Holdings, Maximaa Systems, Starlog Enterprises, and Visagar Polytex will release quarterly earnings on July 16.

Analysts/Investors Meeting

Deepak Fertilisers & Petrochemicals Corporation: The company’s officials will meet Capital World – Hong Kong, ICICI Prudential AMC, and Convergent Finance on July 16.

Max India: The company’s officials will meet WealthMills Securities on July 16.

Sterling and Wilson Solar: The company’s officials will meet analysts/investors on July 16.

Aegis Logistics: The company’s officials will meet analysts, institutional investors and funds on July 16 and July 22.

Indian Energy Exchange: The company’s officials will meet analysts and investors on July 23 to discuss financial results.

ICICI Securities: The company’s officials will meet analysts and investors on July 21 to discuss financial results.

GTPL Hathway: The company’s officials will meet analysts and investors on July 20 to discuss financial results.

Stocks In The News

Wipro: The company reported higher IT services revenue at Rs 18,368.4 crore in Q1FY22 against Rs 16,334 crore in Q4FY21, and expects Q2FY22 dollar revenue in the range of $2,535-2,583 million, a growth of 5-7 percent over Q1FY22.

Cyient: The company reported higher profit at Rs 115 crore in Q1FY22 against Rs 103.1 crore in Q4FY21; revenue fell to Rs 1,058.2 crore from Rs 1,093.1 crore QoQ.

L&T Infotech: The company reported lower profit at Rs 496.8 crore in Q1FY22 against Rs 545.7 crore in Q4FY21; revenue rose to Rs 3,462.5 crore from Rs 3,269.4 crore QoQ.

Angel Broking: The company reported higher consolidated profit at Rs 121.36 crore in Q1FY22 against Rs 101.9 crore in Q4FY21, and revenue rose to Rs 462.66 crore from Rs 408.6 crore QoQ.

Tata Steel Long Products: The company reported consolidated profit at Rs 331.61 crore in Q1FY22 against loss of Rs 131.31 crore in Q1FY21. Revenue jumped to Rs 1,687.64 crore from Rs 653.1 crore YoY.

Tata Elxsi: The company reported lower profit at Rs 113.37 crore in Q1FY22 against Rs 115.16 crore in Q4FY21. Revenue rose to Rs 558.31 crore from Rs 518.39 crore QoQ.

FII And DII Data

Foreign institutional investors (FIIs) net sold shares worth Rs 264.77 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 439.41 crore in the Indian equity market on July 15, as per provisional data available on the NSE.

Stocks Under F&O Ban On NSE

Eight stocks – Granules India, Indiabulls Housing Finance, Vodafone Idea, NALCO, NMDC, Punjab National Bank, SAIL, and Sun TV Network – are under the F&O ban for July 16. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

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