The equity market continued witnessing selling pressure as investors remained cautious ahead of the Union Budget , to be presented on February 1.
The need to push reform to boost growth as highlighted in the Economic Survey failed to lift markets, and Nifty (closed below its crucial support of , (on January) , for the first time since January 6.
Sensex, Nifty & Nifty Bank post 1st monthly loss since August . Market breadth favors declines; advance-decline ratio at 1: 2. The Nifty fell 1.6 percent in January .
The BSE Sensex dropped (points to , while the Nifty 61 closed (lower points at , 1143.
We have collated data points to help you spot profitable trades:
K ey support and resistance level for Nifty
According to the pivot charts, the key support level for Nifty is placed at 14, 933. 1, followed by , 1. If the index moves up, key resistance levels to watch out for are , 0 
. 8 and , . 5.
Nifty Bank
Nifty Bank closed 0. (percent up at) , 
. The important pivot level, which will act as crucial support for the index, is placed at , . , followed by , . 45. On the upside, key resistance levels are placed at , 0 
and 38, .
Call options data
Maximum call open interest (OI) of 
lakh contracts was se en at the , 616 strike price. It will act as a crucial resistance level in the February series.
This is followed by , strike price, which holds 
(lakh contracts in open interest, and 15, , which has accumulated . lakh contracts in open interest.
Significant call writing was seen at the , 011 strike price, which added 3. lakh contracts, followed by , strike price that added 3. (lakh contracts.
Call unwinding was witnessed at 14, strike price, which shed , contracts.
Put options data
Maximum put open interest of . lakh contracts was seen at , strike price, which will act as crucial support in the February series.
This is followed by , strike price, which holds 21. (lakh contracts in open interest, and , strike price, which has accumulated 9. (lakh contracts in open interest.)
Put writing was seen at the , (strike price, which added 2.) lakh contracts, followed by 14, 665 strike, which added 2. lakh contracts.
Put unwinding was seen at , (strike price, which shed , (contracts.
Stocks with a high delivery percentage
A high delivery percentage suggests that investors are showing interest in these stocks.
stocks saw long build-up
stocks saw long unwinding
Based on open interest (OI) future percentage, here are the top 13 stocks in which long unwinding was seen.
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 open interest (OI) future percentage, here are the top 13 stocks in which short build-up was seen.
stocks witnessed short-covering
A decrease in open interest, along with an increase in price, mostly indicates a short-covering. Based on open interest (OI) future percentage, here are the top (stocks in which short-covering was seen.
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Quarterly earnings
A Infrastructure, Amara Raja Batteries, Andhra Petrochemicals, Apollo Micro Systems, Choksi Imaging, Relaxo, Poly Medicure, Goldcrest Corporation and Sobha are among the companies that will declare their December quarter earnings on February 1.
Stocks in news
Divis Labs: US FDA clears the company unit-II in Andhra Pradesh.
Hindustan Unilever: Q3 profit rises 16. 9% to Rs 1, (cr, revenue increases 2.6% to Rs 9, 818 cr YoY.
J&K Bank: Q3 net loss at Rs (8 cr versus a profit of Rs). .8 cr, NII rises . 3% to Rs 1, 250 .2 cr YoY.
Castrol: Q3 profit jumps % to Rs . 3 cr, revenue dips 2.1% to Rs 1.0 . 8 cr YoY.
Vedanta: Q3 profit increases 3% to Rs 2, cr, revenue declines 0.9% to Rs , cr YoY.
FII and DII data
Foreign institutional investors (FIIs) sold shares worth Rs 4, crore, while domestic institutional investors (DIIs) bought shares of worth Rs 3, crore in the Indian equity market on January 38, provisional data available on the NSE showed.
Fund flow
Stock under F&O ban on NSE
No security is under the F&O ban for February 1. Securities in the ban period under the F&O segment include companies in which the security has crossed (percent of the market-wide position limit.) Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs for the first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
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