Trade setup for December 1: Top 15 things to know before the opening bells

Nifty Trade Setup for December 1

The Nifty 50 closed the range-bound session flat with a negative bias on November 28, rising 0.5 percent for the week and nearly 2 percent for the month.

Key Levels For The Nifty 50

• Resistance based on pivot points: 26,260, 26,286, and 26,327
• Support based on pivot points: 26,177, 26,152, and 26,110

The index sustained near the upper Bollinger Bands with positive momentum indicators. Hence, the bulls still have the upper hand despite moderate profit-booking after the record-high rally.

• Key Levels For The Bank Nifty:
• Resistance based on pivot points: 59,864, 59,934, and 60,048
• Support based on pivot points: 59,636, 59,565, and 59,451
• Resistance based on Fibonacci retracement: 60,875, 62,294
• Support based on Fibonacci retracement: 59,251, 58,851

Nifty Call Options Data

• Maximum Call open interest: 26,500 strike (with 1.35 crore contracts)
• Maximum Call writing: 26,400 strike (with the addition of 39.78 lakh contracts)
• Maximum Call unwinding: 26,600 strike (shedding 14.58 lakh contracts)

Nifty Put Options Data

• Maximum Put open interest: 26,000 strike (with 1.7 crore contracts)
• Maximum Put writing: 26,200 strike (with the addition of 34.76 lakh contracts)
• Maximum Put unwinding: 25,700 strike (shedding 13.94 lakh contracts)

Bank Nifty Call Options Data

• Maximum Call open interest: 58,500 strike (with 12.91 lakh contracts)
• Maximum Call writing: 60,000 strike (with the addition of 1.11 lakh contracts)
• Maximum Call unwinding: 59,200 strike (shedding 24,430 contracts)

Bank Nifty Put Options Data

• Maximum Put open interest: 58,500 strike (with 20.61 lakh contracts)
• Maximum Put writing: 59,000 strike (with the addition of 1.27 lakh contracts)
• Maximum Put unwinding: 59,300 strike (shedding 21,315 contracts)

Funds Flow (Rs crore)

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Put-Call Ratio

The Nifty Put-Call ratio (PCR) declined to 1.14 on November 28, compared to 1.16 in the previous session.

India VIX

The India VIX, also known as the fear gauge, corrected for the entire week, falling not only below all key moving averages but also below the 12 zone, signalling comfort for the bulls.

Long Build-up (51 Stocks)

A long build-up was seen in 51 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

Long Unwinding (42 Stocks)

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

Short Build-up (87 Stocks)

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

Short-Covering (33 Stocks)

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

High Delivery Trades

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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: Sammaan Capital

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