The benchmark indices reached a one-month high on March 17 as there was healthy buying in all sectors. Stable oil prices and positive global mood aided market sentiment.
The Nifty50 jumped to the highest level since February 17 and formed a bullish candle on the daily charts. The bulls had a strong upper hand at Dalal Street, as evidenced by the robust bullish candle formation.
The last eight trading sessions added around 1,673 points, leading to two strong bullish candles on the weekly charts. The founder and chief market strategist at Chartviewindia said that this may be a sign of a durable bottom around recent lows.
He said that a higher target of 17,900 can't be ruled out based on the 37 day downsloping channel.
A pause for one or two days due to profit-booking can't be ruled out because of the rally of the last few sessions. If the Nifty closes below 16,990, the current positive outlook will be null and void. Mohammad said that dips will create fresh longs.
The Nifty Midcap 100 and Smallcap 100 were both up by 1.2 percent.
Market sentiment was supported by the cooling off of volatility. The fear index fell by 6 percent on Thursday.
The market was closed on Friday.
There are 15 data points that we have gathered to help you spot profitable trades.
The open interest and volume data of stocks given in this story are not the current month only data.
The Nifty has key support and resistance levels.
The key support level for the Nifty is 17,194. The key resistance levels to watch out for are 17,363 and 17,438 if the index moves up.
The bank is called Nifty Bank.
Banking stocks played a key role in the Thursday's rally as the Nifty Bank jumped 1.9 percent. The pivot level, which will act as crucial support for the index, is placed at 36,128. Key resistance levels are placed at 36,606 and 36,784 levels.
Call option data.
The maximum call open interest of 24.77 lakh contracts was seen at 18,000 strike, which will act as a crucial resistance level in the March series.
The 17,000 strike has 18.47 lakh contracts and the 17,500 strike has 16 lakh contracts.
Call writing was seen at 17,300 strike, which added 9.35 lakh contracts, followed by 17,400 strike, which added 2.52 lakh contracts, and 18,200 strike, which added 2.22 lakh contracts.
3.18 lakh contracts were shed at 17,100 strike, followed by 17,000 strike which shed 2.53 lakh contracts and 16,900 strike which shed 1.4 lakh contracts.
Put option data.
The maximum put open interest of 45.54 lakh contracts was seen at 16,000 strike, which will act as a crucial support level in the March series.
This is followed by 16,500 strike, which has 37.1 lakh contracts, and 17,000 strike, which has 35.48 lakh contracts.
Put writing was seen at 17,000 strike, which added 12.09 lakh contracts, followed by 17,200 strike, which added 7.33 lakh contracts, and 17,300 strike, which added 6.03 lakh contracts.
The 16,000 strike shed 2.37 lakh contracts, followed by 16,500 strike which shed 1.65 lakh contracts, and 16,600 strike which shed 81,850 contracts.
There are stocks with a high delivery percentage.
A high delivery percentage suggests that investors are showing interest in these stocks. The highest delivery was seen in GMR Infrastructure, Ipca Laboratories, Alkem Laboratories, Power Grid Corporation, and Grasim Industries among others on Thursday.
There were 74 stocks that saw long build-up.
A build-up of long positions is usually indicated by an increase in open interest and price. The top 10 stocks in which a long build-up was seen include Coromandel International, Whirlpool of India, GNFC, Trent, and United Breweries.
16 stocks saw a lot of selling.
A decline in open interest and a decrease in price is a sign of a long unwinding. Here are the top 10 stocks in which long unwinding was seen, based on the open interest future percentage.
There were 26 stocks that saw short build-up.
A build-up of short positions is usually caused by an increase in open interest and a decrease in price. L&T Technology Services, Gujarat State Petronet, Dr Lal PathLabs, Dalmia Bharat, and Crompton Greaves Consumer Electricals are the top 10 stocks in which a short build-up was seen.
There were 84 stocks that witnessed short-covering.
A decrease in open interest along with an increase in price is a sign of a short-covering. Kotak Mahindra Bank, UltraTech Cement, Bosch, Coforge, and JK Cement are the top 10 stocks in which short-covering was seen.
There are bulk deals.
The Singapore-based investment company Integrated Core Strategies (Asia) sold 5 equity shares in the brokerage firm that The Vanguard Group, Inc.-owned Vanguard Emerging Markets Stock Index Fund A Series of VIEIF acquired.
The company's equity shares were bought via open market transactions.
The company's stock was purchased via open market transactions but Integrated Core Strategies sold 2,58,147 equity shares.
The equity shares of Century Plyboards were bought via open market transactions.
The company's equity shares were purchased by Chemplast Sanmar: Vanguard Emerging Markets Stock Index Fund A Series of VIEIF.
4,80,902 equity shares of the company were acquired by the Vanguard Emerging Markets Stock Index Fund A Series of VIEIF.
Integrated Core Strategies (Asia) Pte Ltd sold 5,88,352 equity shares, despite the fact that the company's fund bought 10,73,772 equity shares.
In the company, Integrated Core Strategies (Asia) sold 11,65,505 equity shares.
The equity shares in the company were bought by KNR Constructions.
The company's equity shares were acquired by the KIMS: Vanguard Emerging Markets Stock Index Fund A Series of VIEIF.
Integrated Core Strategies (Asia) sold 1,51,334 equity shares after buying 3,26,410 equity shares.
888-276-5932 888-276-5932 888-276-5932 888-276-5932s were acquired in the company.
In the company, Integrated Core Strategies sold 7,15,082 equity shares, while the NIIT purchased 15,59,423 equity shares.
NuvocoVistas Corporation: Vanguard Emerging Markets Stock Index Fund A Series of VIEIF bought 18,13,317 equity shares.
5,06,137 equity shares of the company were purchased by Route Mobile: Vanguard Emerging Markets Stock Index Fund A Series of VIEIF.
The company's equity shares were acquired by the fund.
The company sold 22,78,300 equity shares.
In the company, Integrated Core Strategies (Asia) Pte Ltd sold 10,47,233 equity shares.
4,62,192 equity shares of Vardhman Textiles were purchased by the Vardhman Textiles: Vanguard Emerging Markets Stock Index Fund A Series of VIEIF.
The equity shares of the company were acquired by the fund.
The Yes Bank bought 36,98, 73,766 equity shares from the VIEIF, but Integrated Core Strategies sold 17,56, 48,289 equity shares.
Click here for more bulk deals.
There are analysts and investors meetings on March 21.
Mirae Asset Management India will meet the officials of the company.
The company's officials will meet with CD Equisearch.
The company's officials will meet a number of people.
The company's officials will meet with two companies.
IIFL Finance officials will meet with Laburnum Capital and Omkara Capital.
The officials of Bigbloc Construction are going to meet with Yellowstone Equity.
There are stocks in news.
A Share Transfer Agreement has been executed between the company and a potential purchaser from the United Arab Emirates for the transfer of the company's entire shareholding in its subsidiary. The core business of the company is E waste management. Expansion will be planned in the area.
The company's equity shares were acquired via open market transactions on March 16. Its stake in the company has gone up from 4.31 percent to 5.02 percent.
The company received licences from Medicines Patent Pool to manufacture and market generic versions of Pfizer's oral treatment. The drug will be co-packaged with ritonavir. Both active pharmaceutical ingredients and finished products can be licensed.
The company has stopped power generation from its gas-based station-I at Vadodara due to increasing price of natural gas after the beginning of the Ukraine-Russia war. Natural gas is the fuel for the power plant. Once the gas prices are back to normal, the company may resume operations.
NBCC has received a work order from the Administration of Union Territory of Ladakh for providing comprehensive, design, engineering and project management consultant services. The cost of the project is estimated.
The board approved the sale of the entire stake in the subsidiary.
The HCAL has entered into a share subscription agreement for the acquisition of 3,90,666 equity shares of Loyalie IT-Solutions.
Fund flow.
DII data
The buying and selling of shares by foreign institutional investors continued for the second day in a row, as they have net bought shares worth Rs 2,800.14 crore.
The F&O ban on the stock exchange.
Indiabulls Housing Finance is under the F&O ban. The F&O segment includes companies in which the security has crossed 95 percent of the market-wide position limit.
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