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

The market lost more than a percent on April 22, snapping a two-day winning streak as global markets were in a bear trap after the US Federal Reserve chairman suggested a 50 bps rate hike in the May policy meeting.

The Nifty plunged more than 200 points to 17,172 to form a bearish candle on the daily charts, indicating a trend favouring bears. The Nifty saw a long-legged Doji pattern on the weekly scale as it lost nearly 2 percent for the week.

The Nifty registered a bearish candle on the daily chart and witnessed a long-legged Doji on the weekly charts, suggesting the indecisive nature of the bears at the lower levels.

He said that a washout with a close below 17,200 would favor the bears. If the Nifty fails to sustain above 17,149, it can extend the weakness towards 16,978.

He said that it would be prudent to avoid index bets as markets seem to be in a volatile phase.

The fall in the broader space was lower than the benchmark indices. The small cap 100 index declined a third of a percent, while the Nifty mid cap 100 fell 0.94 percent.

There are 14 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 the aggregate of three-month data and not the current month only.

The Nifty has key support and resistance levels.

The key support for the Nifty is 17,109. The key resistance levels to watch out for are 17,275 and 17,378 if the index moves up.

The bank is called Nifty Bank.

The Bank Nifty fell by 771 points, or 2.1 percent, to close at 36,045 on April 22. The pivot level is 35,832 and will act as crucial support. Key resistance is at 36,419 and 36,792.

Call option data.

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

The 17,500 strike holds 56.17 lakh contracts and the 17,400 strike has accumulated 50.94 lakh contracts.

Call writing was seen at 18,000 strike, which added 58.9 lakh contracts, followed by 17,400 strike, which added 26.4 lakh contracts, and 17,800 strike, which added 21.65 lakh contracts.

67,250 contracts were shed at the 17,000 strike, followed by 16,900 strike, which dumped 33,050 contracts and 16,800 strike, which shed 19,350 contracts.

Put option data.

The maximum put open interest of 58.34 lakh contracts was seen at 17,000 strike, which will act as a crucial support level in the April series.

The 16,000 strike holds 44.34 lakh contracts and the 16,500 strike has accumulated 37.58 lakh contracts.

Put writing was seen at 17,000 strike, which added 15.97 lakh contracts, followed by 16,000 strike, which added 14.58 lakh contracts, and 16,700 strike, which added 9.53 lakh contracts.

Put unwinding was seen at 17,300 strike, which shed 8.96 million contracts, followed by 16,100 strike, which shed 5.75 million contracts, and 17,500 strike, which shed 5.29 million contracts.

There are stocks with a high delivery percentage.

A high delivery percentage is indicative of investor interest. The highest delivery was seen in Ipca Laboratories. The top 10 stocks are listed.

There were 14 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 67 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 106 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 top 10 stocks that had a short build-up.

13 stocks saw 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.

Click here for more bulk deals.

Results on April 25.

Century Textiles & Industries, Eveready Industries India, Gujarat Mineral Development Corporation, and Artson Engineering are some of the companies that are listed on the Bombay Stock Exchange.

There are stocks in news.

The country's second-largest private sector lender reported a 59.4 percent year-on-year growth in its profit in the quarter ended March. Net interest income grew by 21 percent in the fourth quarter. The bank paid a dividend.

The RailTel Corporation of India received a work order from the electronics and information technology department. Provision of secondary bandwidth and replacement of equipment will be done by the company for five years at a cost of Rs 122.08 crore.

The company recorded a 30 percent year-on-year decline in Q4FY22 profit at Rs 52.50 crore due to higher input costs but was supported by income from the sale of land in Maharashtra. Revenue increased from the year-ago quarter.

The telecom and networking products maker posted a loss of Rs 49.62 cr in the quarter ended March 2022, compared to a profit of Rs 33.55 cr in the year-ago period. Global chip supply shortages caused revenue to fall by 37 percent to Rs 126.5 crore, but it increased by 18 percent in the last quarter. The company's total order book reached an all-time high of Rs 1,175 cr, with an order inflow of Rs 316 cr during the quarter.

The profit of the company more than doubled to Rs 7.62 crore in the March quarter, up from Rs 3.68 crore in the same period of the previous year. The broking business contributed 87 percent to the kitty as revenue increased by 23.2 percent.

In the fourth quarter of FY22, the company's consolidated profit grew by 18 percent to Rs 2,928 cr. The zinc business increased by 51 percent during the quarter, and revenue grew by 26.6 percent to Rs 8,797.

Reliance Industries said that the $3.4 billion deal to take over the retail assets of Future Retail cannot be implemented as the company's secured creditor have voted against the scheme.

Fund flow.

DII data

Foreign institutional investors have sold shares worth Rs 2,461.72crore, while domestic institutional investors have bought shares worth Rs 1,602.35crore.

The F&O ban on the stock exchange.

There is no stock 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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