Pre-market Tuesday BizzBuzz: Key Updates Ahead of Opening Bell
The Nifty 50 is expected to be rangebound between 21,000 and 21,500 in the coming days.
image for illustrative purpose
![Nifty forms a strong bullish bar Nifty forms a strong bullish bar](https://www.bizzbuzz.news/h-upload/2023/12/15/1832278-nifty-forms-a-strong.webp)
The Nifty 50 is expected to be rangebound between 21,000 and 21,500 in the coming days.
Resistance and Support: Immediate resistance for Nifty is at 21,385, followed by 21,422 and 21,482 levels. Support levels are at 21,264, 21,226, and 21,166.
Nifty Bank: The Bank Nifty is consolidating in a wider range between 47,000 to 48,200 levels. It needs to cross and hold above 47,500 levels for an upward move.
Options Data:
Call Options: Maximum Call open interest is at 22,000 strike, followed by 21,500 and 21,600 strikes. Call writing is observed at 22,500, 22,000, and 21,800 strikes.
Put Options: Maximum Put open interest is at 21,000 strike. Put writing is observed at 21,300, 21,200, and 21,400 strikes.
PCR: Nifty Put Call Ratio (PCR) climbed to 1.18, indicating a bearish sentiment as traders are buying more Put options.
Stocks Action:
Long Build-up (50 Stocks): Includes National Aluminium Company, Sun TV Network, Piramal Enterprises, Birlasoft, and Hero MotoCorp.
Long Unwinding (38 Stocks): Includes Apollo Tyres, RBL Bank, M&M Financial Services, PI Industries, and Federal Bank.
Short Build-up (23 Stocks): Includes Marico, Ipca Laboratories, MCX India, Siemens India, and Info Edge India.
Short Covering (75 Stocks): Includes Hindustan Copper, Tata Chemicals, Astral, IDFC First Bank, and Abbott India.
Other Market Information:
Delivery Percentage: Trent, Dabur India, Godrej Consumer Products, Shriram Finance, and Atul saw the highest delivery among F&O stocks.
Bulk Deals: Information on bulk deals in the market.
Stocks in the News: Updates on companies such as Infosys, UPL, Tata Steel, Biocon, and Zydus Lifesciences.
Funds Flow: Data on the flow of funds by Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs).
F&O Ban: National Aluminium Company added to the F&O ban list for December 26.
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Disclaimer:
Expert Views: The views and investment tips expressed by experts on Moneycontrol are their own. Moneycontrol advises users to check with certified experts before making investment decisions.
This information provides a snapshot of the market setup for Tuesday, serving as a quick reference for traders and investors. It's essential to conduct thorough research and analysis before making any trading decisions.