15 things to know before opening bell

Resistance based on pivot points: 24,087, 24,153, and 24,261

Support based on pivot points: 23,871, 23,805, and 23,697

Special Formation: The Nifty 50 continued its higher highs-higher lows formation for three days in a row, with above-average volumes. The momentum indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) maintained a positive bias.

2) Key Levels For The Bank Nifty

Resistance based on pivot points: 53,084, 53,212, and 53,419

Support based on pivot points: 52,670, 52,542, and 52,335

Resistance based on Fibonacci retracement: 53,235, 54,250

Support based on Fibonacci retracement: 51,501, 50,466

Special Formation: The Bank Nifty snapped a three-day winning streak but formed higher highs-higher lows for the third consecutive session. It has formed a High Wave kind of candlestick pattern on the daily charts, indicating the possibility of either consolidation or small profit booking.

3) Nifty Call Options Data

According to the monthly options data, the maximum open interest was at 24,100 strike (with 1.45 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 24,000 strike (1.32 crore contracts) and the 24,200 strike (1.12 crore contracts).

Maximum Call writing was observed at the 24,100 strike, which saw an addition of 78.92 lakh contracts, followed by the 24,300 and 24,200 strikes, which added 42.02 lakh and 33.56 lakh contracts, respectively. The maximum Call unwinding was seen at the 23,900 strike, which shed 27.5 lakh contracts, followed by the 23,700 and 23,800 strikes, which shed 18.79 lakh and 12.06 lakh contracts, respectively.

4) Nifty Put Options Data

On the Put side, the maximum open interest was observed at 24,000 strike (with 1.67 crore contracts), which can act as a key support level for the Nifty. It was followed by the 23,500 strike (85.79 lakh contracts) and the 23,800 strike (81.08 lakh contracts).

The maximum Put writing was visible at the 24,000 strike, which saw an addition of 1.47 crore contracts, followed by the 23,900 and 24,100 strikes, with 42.81 lakh and 37.21 lakh contracts added, respectively. Put unwinding was observed at the 23,000 strike, which shed 50.25 lakh contracts, followed by 23,300 and 23,400 strikes, which shed 28.07 lakh and 22.21 lakh contracts, respectively.

5) Bank Nifty Call Options Data

According to the monthly options data, the maximum Call open interest was seen at the 53,000 strike, with 5.5 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 52,000 strike (4.12 lakh contracts) and the 54,000 strike (2.89 lakh contracts).

Maximum Call writing was visible at the 53,000 strike (with the addition of 1.9 lakh contracts), followed by the 53,500 strike (13,260 contracts) and the 52,900 strike (10,110 contracts), while the maximum Call unwinding was seen at 52,000 strike, (which shed 15,210 contracts), followed by 54,000 strike (10,230 contracts), and 52,500 strike (5,010 contracts).

6) Bank Nifty Put Options Data

On the Put side, the 52,000 strike holds the maximum open interest (with 6.21 lakh contracts), which can act as a key support level for the index. This was followed by the 53,000 strike (4.84 lakh contracts) and the 52,500 strike (3.84 lakh contracts).

The maximum Put writing was observed at the 53,000 strike (which added 2.46 lakh contracts), followed by the 52,500 strike (40,875 contracts) and the 52,800 strike (17,460 contracts), while Put unwinding was seen at 52,700 strike, which shed 2,880 contracts, followed by 52,300 strike, which shed 2,235 contracts, respectively.

7) Funds Flow (Rs crore)

8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, spiked to 1.49 on June 27 from 1.31 levels in the previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.

9) India VIX

The volatility remained around the 14 mark at close, though it moved closer to the 200-day EMA (Exponential Moving Average) during the day, keeping the bulls in a comfortable position. India VIX, the fear gauge, rose by 0.77 percent to 14.15, from 14.05 levels.

10) Long Build-up (10 Stocks)

A long build-up was seen in 10 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

11) Long Unwinding (60 Stocks)

60 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.

12) Short Build-up (22 Stocks)

22 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.

13) Short-Covering (92 Stocks)

92 stocks saw short-covering, meaning a decrease in OI, along with a price increase.

14) High Delivery Trades and Rollovers

Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.

Here are the stocks that saw the highest rollovers on expiry day.

15) Stocks Under F&O Ban

Securities banned under the F&O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.

Stocks added to F&O ban: Nil

Stocks retained in F&O ban: Nil

Stocks removed from F&O ban: Nil

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Disclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.