Home Stock list Trade setup for Wednesday: Nifty, Bank Nifty call put ratio to SGX Nifty today – key things to know before the bell opens

Trade setup for Wednesday: Nifty, Bank Nifty call put ratio to SGX Nifty today – key things to know before the bell opens

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Trade setup for Wednesday: Ahead of Wednesday’s US Fed meeting, the Sensex and Nifty benchmarks ended in negative territory for the second straight session on Tuesday. NSE Nifty lost 147 points and closed at 16,483 while BSE Sensex corrected 497 points and ended at 55,268. The Nifty Bank index finished 317 points lower at 36,408 levels. Both broad and small cap equity indices fell more than the Nifty and the advanced decline rate became very unfavorable at 0.37:1.

Stock market today: key things to know before the bell opens

Global market signals

Ahead of the Fed’s interest rate decision on Wednesday, Wall Street continues to be choppy in Tuesday’s second straight session. The Dow Jones ended down 0.71%, the tech-heavy Nasdaq slumped 1.87%, the S&P 500 fell 1.15% while the Small Cap 2000 fell 0.41 %. European stocks fell on Tuesday as some disappointing earnings, the impending rise in US interest rates this week and the escalating gas crisis kept the mood cautious. Asian markets were buoyed overnight by announced plans by China to tackle a debt crisis in property development and by tech giant Alibaba seeking a primary listing in Hong Kong.

Asian Market Morning Trends

In Asian markets today, the Japanese Nikkei is down 0.03%, the Hong Kong Hang Seng is up 1.67% while the Chinese Shanghai is down a hair.

SGX Nifty Technical Outlook

In early morning trading on Wednesday, SGX Nifty is trading at 16,415, 60 points lower than its Tuesday close.

“Traders are advised to maintain their buy dip strategy on SGX Nifty today as the overall trend of the index is sideways with a positive bias. Also avoid going short” , Anuj Gupta, Vice President – Research at IIFL Securities.

Anuj Gupta went on to add that immediate support for SGX Nifty today is placed at 16,280 while its strong support is placed at 16,140 levels. He said the index faces a minor hurdle at 16,590 while 16,740 is a major hurdle for the index.

Clever technical insights

“Nifty broke through 16,483 short-term low but closed around there. 16,359 is next support for Nifty while the 16,521-16,564 band may offer resistance. long positions ahead of the outcome of the US Fed meeting Thursday could be a volatile day for India,” said Deepak Jasani, head of retail research at HDFC Securities.

Nifty Bank Insights

“Immediate support for the Nifty Bank Index is placed between 16,400 and 36,300, while strong support for the Bank Index is placed at 36,200 levels. Likewise, it faces a minor hurdle at 37,000. while 37,200 is a significant hurdle for the index,” said Mehul Kothari, AVP. — Technical research at Anand Rathi.

Smart call data

“Maximum total open interest on calls was observed at 16500, 16800 and 17000 strikes with total open interest of 106041, 133271 and 223985 contracts respectively,” said Anuj Gupta of IIFL Securities.

Smart Put Data

The addition of maximum sell open interest was seen at 16,500, 16,400 and 16,000 strikes, which added 113,869, 102,231 and 128,474 contracts respectively.

Nifty Bank call option data

“The maximum total open interest on calls was observed at 36,500, 37,000 and 37,500 strikes with total open interest of 113,435, 113,540 and 80,759 contracts respectively,” Anuj Gupta said.

Nifty Bank Put Option Data

The addition of maximum sell open interest was seen at 36,500, 36,000 and 35,500 strikes, which added 91,545, 101,486 and 55,154 contracts respectively.

FII DII Data

Foreign institutional investors (IFIs) sold 1548.29 crore shares, as domestic institutional investors (DII) bought net 999.36 crores in shares on July 26, according to preliminary data available on the NSE.

Ban NSE F&O on July 27, 2022

The National Stock Exchange (NSE) has added the shares of Delta Corp and Indiabulls Housing Finance to its F&O blacklist for the trade date of July 27, 2022. Blackout securities under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

U.S. bond yield

The US 10-year bond yield is up 0.84% ​​at 2.810 while the US 30-year bond yield is up 0.79% at 3.032.

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