Equity benchmarks — Sensex and Nifty – suffered strong losses on July 29, a day ahead of the July series expiry.
Global cues were mixed, which failed to provide a boost to the Indian market, while June quarter earnings triggered stock-specific movement. A resurgence of COVID-19 cases kept investors cautious.
The Sensex closed with a strong loss of 422 points, or 1.10 percent, at 38,071.13 and Nifty settled at 11,202.85, down 98 points, or 0.86 percent.
“Markets will react to the outcome of the US Fed meet in the early trade on July 30. The scheduled derivatives expiry, combined with earnings, would keep participants on their toes. Indications are in favour of further profit-taking in the benchmark ahead, so we advise booking profits in existing longs and wait for clarity to emerge,” said Ajit Mishra, VP – Research, Religare Broking.
We have collated 15 data points to help you spot profitable trades:
Note: The open interest (OI) and volume data of stocks given in this story are the aggregates of three-month data and not of the current month only.
Key support and resistance levels for the Nifty
According to pivot charts, the key support level for the Nifty is placed at 11,121.27, followed by 11,039.73. If the index moves up, the key resistance levels to watch out for are 11,312.87 and 11,422.93.
The Nifty Bank index closed 0.13 percent lower at 22,076.60. The important pivot level, which will act as crucial support for the index, is placed at 21,873.13, followed by 21,669.67. On the upside, key resistance levels are placed at 22,313.23 and 22,549.87.
Call option data
Maximum call OI of nearly 54.42 lakh contracts was seen at 11,300 strike, which will act as crucial resistance in the July series.
This is followed by 11,500, which holds 50.05 lakh contracts, and 11,400 strikes, which has accumulated 33.64 lakh contracts.
Call writing was seen at 11,300, which added 23.94 lakh contracts, followed by 11,400, which added 8.83 lakh contracts.
Call unwinding was seen at 11,000, which shed 3.16 lakh contracts, followed by 11,100 strikes, which shed 1.21 lakh contracts.
Put option data
Maximum put OI of 40.68 lakh contracts was seen at 11,000 strike, which will act as crucial support in the July series.
This is followed by 11,100, which holds nearly 25.34 lakh contracts, and 11,200 strikes, which has accumulated 24.80 lakh contracts.
Put writing was seen at 11,700, which added 2,100 contracts.
Put unwinding was witnessed at 11,000, which shed 9.60 lakh contracts, followed by 11,200, which shed 9.33 lakh contracts.
Stocks with a high delivery percentage
A high delivery percentage suggests that investors are showing interest in these stocks.
17 stocks saw long build-up
Based on the OI future percentage, here are the top 10 stocks in which long build-up was seen.
52 stocks saw long unwinding
Based on the OI future percentage, here are the top 10 stocks in which long unwinding was seen.
20 stocks saw short build-up
An increase in OI, along with a decrease in price, mostly indicates a build-up of short positions. Based on the OI future percentage, here are the top 10 stocks in which short build-up was seen.
53 stocks witnessed short-covering
A decrease in OI, along with an increase in price, mostly indicates a short-covering. Based on the OI future percentage, here are the top 10 stocks in which short-covering was seen.
(For more bulk deals, click here)Results on July 30
Reliance Industries, HDFC, Dabur India, 8K Miles Software, A2Z Infra Engineering, Aegis Logistics, Ajanta Pharma, LT Foods, Dhampur Sugar Mills, Dredging Corporation of India, Eros International Media, Essel Propack, Gujarat Fluorochemicals, Gateway Distriparks, GMR Infrastructure, ITDC, Jain Irrigation Systems, JM Financial, Jaypee Infratech, Lakshmi Vilas Bank, Laurus Labs, Mahindra Logistics,, Max Financial Services, National Fertilizers, Piramal Enterprises, Reliance Infrastructure, Reliance Power, Sequent Scientific, SRF, Sundaram-Clayton, Tata Communications, Tata Steel BSL, Torrent Pharmaceuticals, Westlife Development, etc.Stocks in the news
Bharti Airtel: Q1 loss widens to Rs 15,933 crore on provision for adjusted gross revenue (AGR); revenue rises nearly 1 percent.
Sagar Cements: Q1 profit at Rs 36 crore versus Rs 29.5 crore, revenue at Rs 264.1 crore versus Rs 344.2 crore YoY.
CEAT: Q1 loss at Rs 34.8 crore versus profit of Rs 82.6 crore, revenue at Rs 1,120 crore versus Rs 1,752 crore YoY.
TVS Motor: Q1 loss at Rs 139.1 crore versus profit of Rs 142.3 crore, revenue at Rs 1,431.7 crore versus Rs 4,468.6 crore YoY.
GMM Pfaudler: Q1 profit at Rs 19.2 crore versus Rs 17.7 crore, revenue at Rs 154.4 crore versus Rs 150.3 crore YoY.
InterGlobe Aviation: Q1 loss at Rs 2,844.3 crore versus profit of Rs 1,203.1 crore, revenue at Rs 766.7 crore versus Rs 9,420.1 crore YoY.
Gateway Distriparks: The Rs 116 crore rights issue opens on July 30.
FII and DII data
Foreign institutional investors (FIIs) and domestic institutional investors (DIIs) sold shares worth Rs 352.62 crore and Rs 505.62 crore, respectively, in the Indian equity market on July 29, provisional data available on the NSE showed.
Stock under F&O ban on NSEVodafone Idea is under the F&O ban for July 30. 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.