Tuesday's Opening Bell Preview: Key Considerations for Trading Day

On October 30, 2023, the stock market continued its upward trend. Analysts believe that this upward movement will continue if the Nifty index can decisively surpass its resistance at the 19,250-19,300 range. If it fails to sustain above Friday's close at 19,050, it may find support at the 18,900-18,800 level. The BSE Sensex climbed 330 points to 64,113, while the Nifty50 jumped 94 points to 19,141, forming a bullish candlestick pattern.

Here are some key levels and data points to consider for your trade setup:

Nifty Support and Resistance Levels:

Support levels: 18,996, 18,945, 18,861

Resistance levels: 19,163, 19,215, 19,298

Nifty Bank:

The Bank Nifty continued its uptrend, with an immediate support at 42,800.

If it maintains levels above 43,000, further gains in the range of 43,500-43,800 are possible.

Call Options Data:

Maximum Call open interest (OI) at 19,500 strike, followed by 19,200 and 20,000 strikes.

Maximum Call writing at 19,300 strike, followed by 20,000 and 19,100 strikes.

Maximum Call unwinding at 19,200 strike.

Put Options Data:

Maximum Put open interest at 19,000 strike, followed by 18,800 and 19,100 strikes.

Meaningful Put writing at 19,000 strike, followed by 19,100 and 18,300 strikes.

Put unwinding at 19,400 strike.

Stocks with High Delivery Percentage:

Dabur India, JK Cement, Bharti Airtel, Pidilite Industries, and Crompton Greaves Consumer Electricals had high delivery percentages, indicating investor interest.

Long Build-Up in Stocks:

72 stocks, including DLF, GNFC, JK Cement, Exide Industries, and Lupin, showed a long build-up.

Long Unwinding in Stocks:

28 stocks, including Dixon Technologies, Cholamandalam Investment and Finance, Voltas, Maruti Suzuki India, and LTI Mindtree, saw long unwinding.

Short Build-Up in Stocks:

47 stocks, including SBI Cards and Payment Services, Petronet LNG, Coromandel International, AU Small Finance Bank, and M&M Financial Services, had a short build-up.

Short Covering in Stocks:

40 stocks were on the short-covering list, including Mahanagar Gas, Cipla, Indian Hotels, Tata Communications, and SRF.

Earnings Focus on October 31:

Larsen & Toubro, Bharti Airtel, Tata Consumer Products, GAIL (India), Indian Oil Corporation, and others will announce their quarterly results.

Stocks in the News:

TVS Motor Company reported a profit increase.

Tata Motors won an arbitral award related to its Singur plant.

Bajaj Hindusthan Sugar received funds for cane payment arrears.

DLF recorded growth in consolidated profit.

Marico reported a profit increase.

Fund Flow:

Foreign institutional investors sold shares worth Rs 1,761.86 crore, while domestic institutional investors bought Rs 1,328.47 crore worth of stocks on October 30.

F&O Ban List:

No stocks were added to the F&O ban list for October 31.

Please note that this information is for reference, and it's important to consult with certified experts before making any investment decisions.