Trade setup for Monday: Top 15 things to know before Opening Bell

The Nifty fell below 17,500 on April 13 as the benchmark indices ended lower on all three days of the holiday. The market was weighed down by inflation, oil prices, and a correction in banking, financial services, and auto stocks on April 13.

The Nifty fell 55 points to 17,476 and formed bearish candles on the daily and weekly charts. The Nifty declined during the week.

The index tested its 20-day simple moving average in the last two trading sessions. It is critical that the index stays above 17,440 on a closing basis to retain sideways bias, according to the founder of Chartviewindia.

The index can slip to its 200 day moving average if it fails to hold 17,440.

A sideway consolidation is expected as long as the Nifty defends 17,400, and a close above 17,663 can be seen as an initial sign of strength in the near term. It is advisable to remain neutral on the long side until there are signs of strength.

The small cap 100 gained 0.2 percent on April 13 but the Nifty mid cap 100 lost more than 1 percent during the week.

On April 14 and April 15 the market was closed due to Mahavir Jayanti and Dr Baba Saheb Ambedkar Jayanti.

There are 15 data points that we have gathered to help you spot profitable trades.

The open interest and volume data of stocks given are the aggregate of three-month data and not the current month only.

Nifty has key support and resistance levels.

The key support level for the Nifty is 17,409. The key resistance levels to watch out for are 17,607 and 17,739.

The bank is called Nifty Bank.

On April 13, the Bank Nifty fell by over 300 points. The pivot level is 37,252 and will act as crucial support. Key resistance levels are 37,832 and 38,200.

Call option data.

The maximum call open interest was seen at 18,000 strike, which will act as a crucial resistance level in the April series.

This is followed by 17,500 strike, which holds 20.85 lakh contracts, and 19,000 strike, which has 20.81 lakh contracts.

Call writing was seen at 17,600 strike, which added 4.2 million contracts, followed by 17,500 strike, which added 3.1 million contracts, and 18,000 strike, which added 2.85 million contracts.

The 17,800 strike shed over 1.5 million contracts, followed by the 18,800 strike that shed 36,555 contracts and the 18,600 strike that shed 16,500 contracts.

Put option data.

The maximum put open interest of 37.14 lakh contracts was seen at 17,500 strike, which will act as crucial support in the April series. This is followed by 17,000 strike, which has accumulated 23.39 lakh contracts.

Put writing was seen at 17,500 strike, which added 3.85 lakh contracts, followed by 16,500 strike, which added 3.4 lakh contracts and 17,300 strike, which added 1.67 lakh contracts.

The 16,400 strike shed 1.53 lakh contracts, followed by 16,300 strike that shed 1.02 lakh contracts, and 17,800 strike that shed 83,250 contracts.

There are stocks with a high delivery percentage.

A high delivery percentage is indicative of investor interest. The highest delivery was in Navin Fluorine International.

There were 32 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 are based on the open interest future percentage.

There were 49 stocks that saw long unwinding.

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.

There were 57 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. The top 10 stocks in which a short build-up was seen are based on the open interest future percentage.

There were 61 stocks that witnessed short-covering.

A decrease in open interest along with an increase in price is a sign of a short-covering. The top 10 stocks with the highest open interest future percentage are shown.

There are bulk deals.

The company's director sold 1.56 lakh equity shares through open market transactions at an average price of Rs225.19 a share. The Elara India Opportunities Fund sold 1.79 lakh shares at an average price of Rs 220 a share, the Societe Generale sold 2 lakh shares at an average price of Rs 225.5, and the Nomura Singapore sold 3.45 lakh shares at an average price of Rs 2284 a share Niraj Rajnikant Shah bought over 1.5 million shares at an average price of Rs 220.68 a share and Spring Venture bought over 2 million shares at an average price of Rs 230.6. On its debut day, Hariom Pipe shares were up 51 percent.

The entire shareholding of 46.13 lakh equity shares of the company were sold by investors at an average price of Rs 304.38 a share and an average price of Rs 304.26 a share. Unifi AIF Blend Fund bought 4 lakh shares at an average price of Rs 304 a share, while Blend Fund 2 acquired 10 lakh shares at an average price of Rs 302 a share. On April 13, the stock fell.

Click here for more bulk deals.

Results on April 18.

Earum Pharmaceuticals, Mindtree, Star Housing Finance, and other companies will release their quarterly earnings on April 18.

There are stocks in news.

The bank's profit grew 22.8 percent to Rs 10,055.2 crore in the fourth quarter. Net interest income increased by 10 percent to Rs 18,873 crore, with credit growth of 20.8 percent and deposits growth of 16.8 percent. Gross non-performing assets fell 9 bps in the March quarter and net NPAs fell 5 bps.

The company recorded lower-than- expected earnings growth in the quarter, with profit falling 2.1 percent on lower-than- expected revenue growth. The revenue growth guidance for the current financial year at 13-15 percent over the previous year exceeded analysts' expectations, with operating profit margin forecast in the range of 21-23 percent.

The South African Health Products Regulatory Authority gave the company a certificate of good manufacturing practices. The company had undergone an inspection. Windlas can start manufacturing and selling in South Africa. The National Institute of Pharmacy and Nutrition, Hungary carried out a European UnionGMP inspection on the company's plant-IV at Dehradun.

UltraTech Cement Middle East Investments, a subsidiary of UltraTech Cement, has acquired a 29.39 percent stake in the company. The acquisition cost will be $101 million.

The Taloja unit of the pharma company Alkem has not received Form 483 after being inspected by the US health regulators. The company's bioequivalence centre in Maharashtra was inspected by the FDA.

Mubadala will invest $525 million for a 10% stake in the company. The subsidiary's base equity valuation has been increased by the investment.

The company hiked the price of its vehicles by 2.5 percent. The company said that the price revision is due to an increase in the prices of key commodities.

Jubilant Ingrevia has been awarded a CDMO contract worth Rs 270 cr in specialty chemicals business from an international customer. Three years is the length of the contract. The innovator pharmaceutical customer will be getting two keyGMP intermediates from the company. Commercial supplies of these products will start in FY23.

Fund flow.

DII data

The data shows that foreign institutional investors sold shares worth Rs 2,061.06 million while domestic institutional investors bought shares worth Rs 1,410.85 million.

The F&O ban on the stock exchange.

The stock of RBL Bank 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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