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

the latest tech news, global tech news daily, tech news today, startups, usa tech, asia tech, china tech, eu tech, global tech, in-depth electronics reviews, 24h tech news, 24h tech news, top mobile apps, tech news daily, gaming hardware, big tech news, useful technology tips, expert interviews, reporting on the business of technology, venture capital funding, programing language

#Market Cues, #Market Edge, #Nifty, #Sensex, #Trade Setup, click here

Trade Setup

The market corrected more than 100 points on the Nifty50 and over 450 points on the BSE Sensex but the sharp recovery in afternoon trade helped benchmark indices close flat on January 14 despite negative sentiment in global peers.

the latest tech news, global tech news daily, tech news today, startups, usa tech, asia tech, china tech, eu tech, global tech, in-depth electronics reviews, 24h tech news, 24h tech news, top mobile apps, tech news daily, gaming hardware, big tech news, useful technology tips, expert interviews, reporting on the business of technology, venture capital funding, programing language

The market closed flat after making a sharp recovery in the afternoon trade on January 14 despite negative global cues.

The BSE Sensex closed 12.3 points down at 61,223, while the Nifty50 declined 2 points to 18,256 and formed a bullish candle on the daily charts as the closing was higher than opening levels.

Global Tech News Daily

It formed a bullish candle on the weekly scale too, as the Nifty gained 2.5 percent for the week.

Though the last three trading sessions looked somewhat indecisive with weak intraday moves, a bullish candle on the weekly charts raised hopes of lifetime highs once again, said Mazhar Mohammad, Chief Strategist–Technical Research & Trading Advisory at Chartviewindia.in.

Global Tech News Daily

Despite remaining weak for the major part of the trading session on January 14, the Nifty saw buying interest on dip as it entered into the bullish gap zone of 18,128 – 18,081, giving it legitimacy as the critical short-term support.

If it sustains above 18,081, the Nifty can test lifetime highs of 18,600, he said.

A breach of 18,080 on a closing basis can usher in a short-term downtrend, said Mohammad. Short-term traders should buy above 18,300 and look for a target between 18,550 and 18,600, with a stop-loss below the intraday low.

On the broader markets front, the Nifty Midcap 100 index was flat and the Nifty smallcap 100 index gained 0.75 percent.

#Market Cues, #Market Edge, #Nifty, #Sensex, #Trade Setup, click here

We have collated 15 data points to help you spot profitable trades:

Note: The open interest (OI) and volume data of stocks is the aggregate of three-month data and not of the current month only.

Key support and resistance levels for Nifty

According to pivot charts, the key support levels for the Nifty are placed at 18,154.7 followed by 18,053.6. If the index moves up, the key resistance levels to watch out for are 18,321.9 and 18,388.

Nifty Bank

The Nifty Bank remained under pressure, declining 99.50 points to close at 38,370.40 on January 14. The important pivot level, which will act as crucial support for the index, is at 38,102.77 followed by 37,835.13. On the upside, key resistance levels are 38,543.07 and 38,715.73.

Call option data

Maximum Call open interest of 19.48 lakh contracts was seen at 18,500 strike, which will act as a crucial resistance level in the January series.

This was followed by 18,200 strike, which holds 18.2 lakh contracts, and 18,000 strike, which has accumulated 16.57 lakh contracts.

Call writing was seen at 18,200 strike, which added 5.5 lakh contracts, followed by 18,100 strike, which added 2.6 lakh contracts, and 19,000 strike that added 2.48 lakh contracts.

Call unwinding was seen at 17,900 strike, which shed 76,800 contracts, followed by 18000 strike, which shed 43,050 contracts and 17,700 strike that shed 37,800 contracts.

#Market Cues, #Market Edge, #Nifty, #Sensex, #Trade Setup, click here

Put option data

Maximum Put open interest of 27.04 lakh contracts was seen at 18,000 strike, which will act as a crucial support in the January series.

This is followed by 17,500 strike, which holds 24.75 lakh contracts, and 17,200 strike, which has accumulated 16.71 lakh contracts.

Put writing was seen at 18,200 strike, which added 5.9 lakh contracts, followed by 18,100 strike, which added 3.11 lakh contracts, and 18,000 strike that added 2.74 lakh contracts.

Put unwinding was seen at 17,500 strike, which shed 3.91 lakh contracts, followed by 17,200 strike that shed 88,700 contracts and 17300 strike, which shed 52,950 contracts.

#Market Cues, #Market Edge, #Nifty, #Sensex, #Trade Setup, click here

Stocks with a high delivery percentage

A high delivery percentage suggests that investors are showing interest in these stocks.

#Market Cues, #Market Edge, #Nifty, #Sensex, #Trade Setup, click here

53 stocks saw long build-up

An increase in open interest, along with an increase in price, mostly indicates a build-up of long positions. Based on the open interest future percentage, here are the top 10 stocks in which a long build-up was seen.

#Market Cues, #Market Edge, #Nifty, #Sensex, #Trade Setup, click here

32 stocks saw long unwinding

A decline in open interest, along with a decrease in price, mostly indicates a long unwinding. Based on the open interest future percentage, here are the top 10 stocks in which long unwinding was seen.

#Market Cues, #Market Edge, #Nifty, #Sensex, #Trade Setup, click here

74 stocks saw short build-up

An increase in open interest, along with a decrease in price, mostly indicates a build-up of short positions. Based on the open interest future percentage, here are the top 10 stocks in which a short build-up was seen.

#Market Cues, #Market Edge, #Nifty, #Sensex, #Trade Setup, click here

36 stocks witnessed short-covering

A decrease in open interest, along with an increase in price, mostly indicates a short-covering. Based on the open interest future percentage, here are the top 10 stocks in which short-covering was seen.

#Market Cues, #Market Edge, #Nifty, #Sensex, #Trade Setup, click here

Bulk deals

#Market Cues, #Market Edge, #Nifty, #Sensex, #Trade Setup, click here

(For more bulk deals, click here)

Analysts, investors meetings and results on January 17

Results on January 17: UltraTech Cement, Angel One, HFCL, Sonata Software, Tata Steel Long Products, Tatva Chintan Pharma Chem, Advik Capital, Arfin India, Artson Engineering, Bhansali Engineering Polymers, Fineotex Chemical, Goodluck India, Hathway Cable & Datacom, KIC Metaliks, KP Energy, KPI Global Infrastructure, Maharashtra Scooters, Moschip Technologies, Poddar Pigments, Tiger Logistics (India), and Vikas EcoTech will release quarterly earnings on January 17.

Jet Freight Logistics: The company’s officials will meet Anand Rathi Financial Services, Equirus Capital, & Philip Capital (India) on January 17.

Tatva Chintan Pharma Chem: The company’s officials will meet analysts and investors on January 18 to discuss financial results.

Goodluck India: The company’s officials will meet investors and analysts on January 19 to discuss financial results.

South Indian Bank: The company’s officials will meet analysts and investors on January 21 to discuss financial results.

Greenpanel Industries: The company’s officials will meet investors and analysts on January 24, to discuss financial results.

Stocks in News

HDFC Bank: The bank reported a higher standalone profit at Rs 10,342.2 crore in December 2021 quarter against Rs 8,758.3 crore in the year-ago period. Its net interest income rose to Rs 18,443.48 crore from Rs 16,317.61 crore YoY.

Metro Brands: The company reported a sharply higher consolidated profit at Rs 101.61 crore in December 2021 quarter against Rs 66.32 crore in December 2020 quarter. The company’s revenue jumped to Rs 483.77 crore from Rs 304.21 crore YoY.

HSIL: The company has approved the transfer of its business of manufacturing, on contract basis, of sanitaryware, faucets and plastic pipes (PVC and CPVC) and fittings (BPD undertaking) to Brilloca on a slump sale basis for Rs 630 crore.

HCL Technologies: The company reported a profit of Rs 3,442 crore for the December quarter, up 5.4 percent from the previous quarter. The IT firm’s revenue came at Rs 22,331 crore, up 8.1 percent QoQ. The company also acquired Starschema, a leading provider of data engineering services, based in Budapest, Hungary.

KPI Global Infrastructure: The company has signed a new long-term power purchase agreement (PPA) for the sale of 3.10 MW (AC) / 4.12 MW (DC) solar power with Cadila Healthcare & Organic Industries under the Independent Power Producer (IPP) segment.

Dalmia Bharat: Dalmia Cement commenced commercial production at its Murli plant in Chandrapur district of Maharashtra, adding 2.9 million tonnes cement capacity.

Oil India: Subsidiary Oil India (USA) Inc, a Texas, USA corporation, divested its entire stake in Niobrara Shale Asset, USA.

Fund Flow

#Market Cues, #Market Edge, #Nifty, #Sensex, #Trade Setup, click here

FII and DII data

Foreign institutional investors (FIIs) net sold shares worth Rs 1,598.20 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 371.41 crore in the Indian market on January 14, as per provisional data available on the NSE.

Stocks under F&O ban on NSE

Four stocks—Escorts, Indiabulls Housing Finance, Vodafone Idea, and SAIL —are under the F&O ban for January 17. 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.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

News Related

OTHER NEWS

Philippe Coutinho's agent has already revealed his thoughts on Liverpool transfer return

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Araujo taken in ambulance after sickening clash of heads with Barcelona teammate Gavi

Barcelona defender Ronald Araujo was taken off the pitch in an ambulance during their match against Celta Vigo and rushed to hospital. The Uruguayan was involved in a sickening clash ... Read more »

Aston Villa vs Liverpool: Report and player ratings Sadio Mane gives Reds a Premier League title boost

A much-changed Liverpool side came from behind to win at Villa Park to keep the pressure on league leaders Manchester City Read more »

Liverpool vindicated Jurgen Klopp’s risky rotation policy by doing just enough to beat wasteful Aston Villa

Klopp demoted Mo Salah to the bench and Andy Robertson from the squad but Liverpool had enough to reserve to bounce back from Saturday’s disappointment Read more »

Gary Lineker offers solution to Coleen Rooney and Rebekah Vardy 'Wagatha Christie' case

Gary Lineker has offered a funny solution to the “Wagatha Christie” court case between Coleen Rooney and Rebekah Vardy. Coleen is being sued by Rebekah for libel at the High ... Read more »

FIFA chief Gianni Infantino announces plans to create football game to rival EA Sports

FIFA are planning to create their own football video game after it was announced their three-decade partnership with EA Sports is coming to an end. EA Sports have confirmed FIFA ... Read more »

Fabinho injury: Liverpool midfielder suffers suspected hamstring issue ahead of FA Cup final against Chelsea

The Brazilian pulled up as he sprinted after Philippe Coutinho and had to be replaced by Jordan Henderson at Villa Park Read more »

Man Utd youth coach assesses club's "exciting" kids and his own rise ahead of cup final

Justin Cochrane started his coaching career while a teenage player at QPR when he placed an advert in his local paper for juniors to teach. It didn’t make big news ... Read more »

One year on from football's social media blackout - what's changed?

More than one year on from the social media boycott aimed at tackling discrimination and vile abuse online has anything really changed? You'll remember that at the end of April ... Read more »

European transfer news: Real Madrid up stakes for Kylian Mbappe plus Casemiro exit

Real Madrid have long been linked with Paris Saint-Germain striker Kylian Mbappe and despite speculation the France star is set to sign a new contract with the Ligue 1 giants ... Read more »

Sadio Mane's 'childhood dream' comes to light as Liverpool star linked with summer exit

Sadio Mane 's dream destination has come to light amid links of a summer transfer to Bayern Munich. The Liverpool star is yet to sign a new contract with the ... Read more »

Jadon Sancho's Erling Haaland plea falls on deaf ears as he ignores Man Utd star's wishes

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Edu 'steps up' Arsenal transfer efforts for £17m Scotland star to replace Nuno Tavares

Arsenal have reportedly stepped up their attempts to sign Scotland star Aaron Hickey as a replacement for Nuno Tavares. After laying out the Gunners' transfer plans, technical director Edu is ... Read more »

Newcastle prepare summer transfer cull with as many as 10 stars 'facing axe'

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

5 Man City casualties from Erling Haaland transfer including brand new signing

The sight of Erling Haaland arriving at Manchester City will send tremors of terror throughout the Premier League – and perhaps to his team-mates as well – as the champions ... Read more »

Chelsea ace Antonio Rudiger signs Real Madrid contract with huge release clause

Chelsea defender Antonio Rudiger has now penned a bumper pre-contract agreement with Real Madrid to bring his five-year stint at Stamford Bridge to an end, according to a new report. ... Read more »

Ole Gunnar Solskjaer was spot on about Erling Haaland after revealing thoughts on Man Utd

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Fifth senior Man Utd figure leaves club as chief strategy officer exits in reshuffle

Manchester United have told their employees chief strategy officer Hemen Tseayo is stepping down from his position. A new era began at Old Trafford in February when Richard Arnold became ... Read more »

7 flops who cost more than Erling Haaland after bargain Man City transfer announced

The capture of Erling Haaland has sent pulses racing amongst Manchester City fans as the Premier League prepares to welcome the Norwegian hot-shot. The champions have agreed a £51million deal ... Read more »

Arsenal desperate to prevent Eddie Nketiah exit with six Premier League rivals keen

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Pep Guardiola reacts to uproar over Liverpool comments after Jurgen Klopp response

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Brighton starlet attracting transfer attention days after returning from loan

Highly-rated Brighton goalkeeper Carl Rushworth is back training with the Premier League club after his loan at Walsall ended. Rushworth made 43 appearances for Walsall keeping 11 clean sheets for ... Read more »

Lazio president responds to Man Utd's transfer 'interest' in Sergej Milinkovic-Savic

Lazio president Claudio Lotito insists Sergej Milinkovic-Savic is not for sale amid rumours linking him with both Juventus and Manchester United. The Serbia international, 27, has impressed for Lazio this ... Read more »

Cristiano Ronaldo's seven-year prediction on £30m Arsenal transfer speaks volumes

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Gary Lineker hits out at Patrice Evra for talking "utter nonsense" about Pep Guardiola

Gary Lineker has responded to Patrice Evra's claim that Pep Guardiola doesn't want any leaders at Manchester City due to his management. The former Manchester United defender believes the Spaniard ... Read more »

Stats show Antonio Conte justified in hitting back at Jurgen Klopp's Liverpool 'excuses'

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Borussia Dortmund immediately name Erling Haaland replacement amid failed Man Utd attempt

Borussia Dortmund have already replaced Erling Haaland by snapping up RB Salzburg hotshot Karim Adeyemi – despite Manchester United's late attempt to hijack the deal. Dortmund have been braced for ... Read more »

Patrick Vieira selects best players he played with and against during legendary career

Patrick Vieira has named Zinedine Zidane, Dennis Bergkamp and Thierry Henry as the best three players he played with during his illustrious playing career. Vieira, who is now the manager ... Read more »

Ralf Rangnick's 4 most controversial Man Utd remarks as Rio Ferdinand calls him "distasteful"

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Roy Hodgson responds to angry Watford fan backlash after his "snub" at Crystal Palace

Roy Hodson has apologised to Watford fans for failing to acknowledge them in the dark hour of relegation but insisted: “I didn't snub them deliberately.” As their relegation to the ... Read more »

Jesse Marsch quotes Gandhi, JFK and Mother Teresa in bizarre Leeds survival team talk

It is hardly “we’ll fight them on the beaches” stuff, but Jesse Marsch is using sayings by Gandhi and Mother Teresa to fire up his Leeds players for their relegation ... Read more »

Birmingham could sign ex-Atletico Madrid and Chelsea striker if Maxi Lopez buys club

Former Argentine footballer Maxi Lopez wants to sign free agent Diego Costa if he gets control at Birmingham. Birmingham’s Chinese owners are ready to sell a stake in the club ... Read more »

Jose Mourinho demands "explanation" and "respect" in furious Roma outburst

Jose Mourinho has demanded that Roma receive an “explanation” for decisions that went against them in their bruising 2-0 defeat to Fiorentina on Monday. The Giallorossi, not so fresh from ... Read more »

FA Youth Cup final 2022: Man Utd stars to watch vs Nottingham Forest, from Alejandro Garnacho to Joe Hugill

United take on Nottingham Forest at Old Trafford on Wednesday bidding for a record 11th competition triumph Read more »

Antonio Conte taunts Jurgen Klopp with strong response to Liverpool boss' dig

Antonio Conte has hit back at Jurgen Klopp's analysis of his Tottenham side, insisting that Liverpool were lucky to escape with a point from their weekend meeting at Anfield. Spurs ... Read more »

5 free agents Erik ten Hag could target with Man Utd summer transfer budget in question

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Man City confirm sensational Erling Haaland transfer to sign Europe's hottest property

Manchester City have announced the stunning capture of Erling Haaland after meeting his release clause at Borussia Dortmund. The Norway international, 21, has arguably been the most sought-after player in ... Read more »

Man Utd 'prepare formal bid' for Portuguese youngster who impressed Bruno Fernandes

Manchester United are reportedly preparing a 'formal proposal' for Sporting Lisbon centre-back Goncalo Inacio. Inacio, who came through Sporting's youth ranks, made his senior breakthrough in the 2020/21 season after ... Read more »

Jack Wilshere in Denmark: How Arsenal hero has fared as he provides vital assist

11 years ago this month, Jack Wilshere was fulfilling media duties for England ahead of the Three Lions Euro 2012 qualifying clash against Switzerland. Not one reporter in the room ... Read more »

Erling Haaland transfer: Man City confirm agreement in principle to sign Borussia Dortmund striker for £64m

City are still finalising terms with Haaland, who passed a medical in Belgium on Monday Read more »