Bizz Buzz Pre-market Monday: Things to know before the opening bell

The market sentiment appears to favor bears, with lower highs and lower lows forming on daily charts. A long bearish candlestick pattern on the weekly charts further suggests a bearish trend. The Nifty 50 is expected to find key support around 21,100, and a break below that may lead to further downside towards 21,000. On the upside, immediate resistance is seen at 21,400, followed by a crucial hurdle at 21,500. Analysts suggest that a trend change would only occur if the Nifty surpasses the 21,500 mark.

Key Support and Resistance Levels:

Nifty: Support at 21,100 and 21,000, Resistance at 21,400 and 21,500.

Bank Nifty: Support at 44,540, 44,372, and 44,101; Resistance at 44,931, 45,250, and 45,521.

Call Options Data:

Maximum Call open interest at 21,300 strike, followed by 21,400 and 22,000 strikes.

Call writing observed at 21,300, 21,400, and 22,600 strikes.

Put Options Data:

Maximum Put open interest at 21,300 strike.

Put writing seen at 21,300 strike; Put unwinding at 21,400, 20,500, and 21,500 strikes.

Stocks with High Delivery Percentage:

Shriram Finance, Torrent Pharmaceuticals, Dabur India, Alkem Laboratories, and Sun Pharmaceutical Industries show high delivery percentage.

High Rollovers:

Top 10 stocks with highest rollovers include Axis Bank, Shriram Finance, Glenmark Pharma, JK Cement, and Manappuram Finance.

Long Build-Up:

12 stocks, including National Aluminium Company, ACC, ICICI Bank, IndusInd Bank, and SAIL, show a long build-up with an increase in open interest and price.

Long Unwinding:

109 stocks, including ONGC, Alkem Laboratories, United Breweries, Bharti Airtel, and Britannia Industries, witness long unwinding based on open interest percentage.

Short Build-Up:

12 stocks, including Axis Bank, HDFC Bank, InterGlobe Aviation, State Bank of India, and AU Small Finance Bank, show a short build-up with an increase in open interest and fall in price.

Short Covering:

53 stocks, including Hindalco Industries, Hero MotoCorp, Muthoot Finance, Oracle Financial Services Software, and Ramco Cements, witness short-covering based on open interest percentage.

Nifty Put Call Ratio (PCR):

PCR climbs to 1.04, indicating higher Put volumes than Call volumes, suggesting increased bearish sentiment.

Results on January 29:

Companies reporting results include ITC, Bajaj Finance, NTPC, GAIL (India), Bharat Petroleum Corporation, Vodafone Idea, Aditya Birla Sun Life AMC, Adani Green Energy, and others.

Stocks in the News:

Adani Power reports a significant jump in consolidated net profit.

SBI Cards and Payment Services records a 7.8% YoY growth in profit.

Tata Technologies sees a 14.7% YoY growth in consolidated profit.

Vedanta reports an 18.3% YoY decline in profit.

SJVN secures full quoted capacity of 100 MW solar power project through eReverse Auction.

FII and DII Data:

FIIs continue to be net sellers, offloading shares worth Rs 2,144.06 crore.

DIIs buy Rs 3,474.89 crore worth of stocks on January 25.

Disclaimer: The views and investment tips expressed are those of the experts, and individuals are advised to consult certified experts before making investment decisions.