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

The market opened with a bang, as the benchmark indices rallied more than 2 percent and reclaimed key psychological levels, following the announcement of the merger of HDFC Bank and HDFC Bank. Banking and Financial Services was the top gainer with 4% gains.

The Nifty50 formed a bullish candle on the daily charts, indicating a positive mood at Dalal Street.

The index is moving in a higher top and bottom formation on the daily chart. The chart pattern suggests that if the Nifty crosses and sustains above the 18,100 level, it would witness buying which would lead the index towards 18,350 levels.

If the index breaks below 18,000, it would witness selling, which would take the index to 17,900-17,800.

Nifty is trading above its 20 days simple moving average, which indicates positive bias in the short term.

The Nifty Midcap and Smallcap indices joined the rally.

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 17,858. The key resistance levels to watch out for are 18,182 and 18,310.

The bank is called Nifty Bank.

Banking stocks, especially HDFC Bank, provided major support to the market as Bank Nifty climbed 1,487 points or 4 percent to close at 38,635 on April 4. The pivot level will act as crucial support for the index. Key resistance levels are placed at 39,045 and 39,456 levels.

Call option data.

The maximum open interest was 19.45 lakh contracts. This strike has accumulated 16.02 lakh contracts, followed by the 19,000 strike which has 19.42 lakh contracts.

Call writing was seen at 18,000 strike, which added 4.36 lakh contracts, followed by 19,000 strike, which added 2.45 lakh contracts, and 18,500 strike, which added 2.28 lakh contracts.

The 17,500 strike shed 3.69 million contracts, followed by 17,600 strike which shed 1.4 million contracts and 17,200 strike which shed 65,750 contracts.

Put option data.

The maximum put open interest was seen at 17,500 strike, which will act as a crucial support level in the April series.

This is followed by 18,000 strike, which has accumulated 17.65 lakh contracts.

Put writing was seen at 18,000 strike, which added 8.27 lakh contracts, followed by 17,800 strike, which added 3.17 lakh contracts and 17,900 strike, which added 2.68 lakh contracts.

The 19,000 strike shed 44,100 contracts, the 17,000 strike shed 37,350 contracts, and the 17,100 strike shed 2,850 contracts.

There are stocks with a high delivery percentage.

A high delivery percentage is indicative of investor interest. The highest delivery was in Gujarat State Petronet on April 4.

There were 105 stocks that saw long build-up.

A build-up of long positions is usually indicated by an increase in open interest and price. Here are the top 10 stocks based on the open interest future percentage, in which a long build-up was seen.

8 stocks saw a lot of selling.

A decline in open interest and a decrease in price is a sign of a long unwinding. Cummins India, Bandhan Bank, Container Corporation of India, Aditya Birla Fashion & Retail, and Indian Hotels are some of the stocks that long unwinding was seen in.

There were 9 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. Here are the 9 stocks that had a short build-up, based on the open interest future percentage.

There were 76 stocks that witnessed short-covering.

A decrease in open interest along with an increase in price is a sign of a short-covering. Here are the top 10 stocks with the highest open interest future percentage, in which short-covering was seen.

There are bulk deals.

Click here for more bulk deals.

There are analysts and investors meetings on April 5.

The officials from the company will meet with the investment management.

The company's officials will meet a mutual fund.

The company's officials will meet several companies.

The officials of Jubilant Pharmova will meet with several companies.

The company's officials will attend a summit.

The company's officials will attend the investor forum.

The company's officials will meet a broker.

The officials of Antony Waste Handling Cell will meet with investors and analysts.

There are stocks in news.

The Competition Commission of India ordered an investigation into some of the conduct of Zomato and Bundl Technologies after a complaint was filed by the National Restaurant Association of India.

According to deal terms seen by Moneycontrol, the Carlyle Group will sell its entire stake in the company for as much as Rs 2,558 cr. The Carlyle entity, which held a 3.09 percent stake in the firm, will sell its entire stake through a block trade. The current market price of the shares is around 3 percent discount.

3i Infotech secured a cloud transformation deal for its NuRe platform from one of the large commercial banks in the Asia-Pacific region. The deal is worth approximately Rs 6.04 crores.

The project of eight lane Vadodara Kim Expressway in Gujarat has received a certificate from the Competent Authority. The subsidiary received a certificate after substantial completion of the works. Bi-annually annuity payments from NHAI are eligible for receipt by the SPV.

Net advances of the private sector lender grew by 13 percent compared to a year ago and 5 percent compared to the previous quarter. In the fourth quarter of FY22, deposits increased by 15 percent and 3 percent.

The company's equity shares were acquired via open market transactions on March 31. Its stake in the company has gone up from 8.19 percent to 9.22 percent.

Payments Canada, the country's largest payment organization, has entered into a partnership with the country's largest IT services firm to transform its payment system operations. The new real-time payments system will allow Canadians to initiate payments in a matter of seconds.

Fund flow.

DII data

Foreign institutional investors have bought shares in India for a total of Rs 1,152.21 crore, while domestic institutional investors have bought shares for a total of Rs 1,675.01.

The F&O ban on the stock exchange.

We don't have any stock under the F&O ban for April 5. The F&O segment includes companies in which the security has crossed 95 percent of the market-wide position limit.