Domestic Market View
Nifty : Friday Last 30 minutes selloff indicating weakness in market structure. Friday whole day market was in negative territory, Now nifty is near Critical level of 11770. Lack of Buying in large caps and continuous Selling by FII indicating more consolidation/weakness ahead. Nifty Support at 11770-700 & Resistance 11870-920.
FII sold Shares worth Rs 238 Cr. DII Bought shares worth Rs 376 Cr. VIX at 13.90.
Bank Nifty : Sell off was heavy as compare to Nifty, Bank nifty already below it’s critical level of 30650-600. Bank nifty likely to drag Nifty into more selling position. Bank Nifty Support 31480-350, Resistance 30750-860
Global Market View
US Index closed with small Negative points, US market waiting for Fed Decision (Expectation of 1/4 Rate cut), European also closed in small Negative points, Brent Oil again in range of $61-63. No Heavy movement in any Global asset except Bitcoin, rallied 12% in last 2 days.
Stocks in News
- Reliance Infra : After delaying result 2 times, now they Posted Heavy loss. Link
- Mindtree : Open Offer of L&T opens today. Price at Rs 980. Link
- India Imposed Additional Customs Duty on 26 Items.
- Elecon Engineering : Company got order worth Rs 79 CR. from BHEL. Link
- DHFL : Company made payment of principal of Rs 100 Cr. and Interest of Rs 25.5 Lakh on NCD. Link
- CCL Products : India Ratings revises outlook to Positive from Stable affirmed long-term rating at A+ Link
- NDTV : SEBI Bars promoters from accessing Securities Market, the said order is in relation to alleged non-disclosure of the loan agreements entered into by the Promoters and the Promoter Group with
Vishvapradhan Commercial Private Limited and ICICI Bank Limited. Link - Stocks in FNO Ban : IDBI, PcJeweller, Reliance capital, Reliance Infra.
- Cadila Health care : Got EIR Report of Ahmadabad Plant from USFDA.
- Auropharma : USDFA Approved “Tygacil” Medicine.
- Stock Result Today : Atlas Cycles Haryana.
- Ex-Dividend Today : ASM tech, Dividend of Rs 6.
Change in Circuit Limits
| Sr. No. | Scrip Code | Scrip Name | Price Band % Revised to |
| 1 | 542019 | Shubham Polyspin Ltd | 10 |
| 2 | 522105 | Birla Precision Technologies Ltd | 10 |
| 3 | 530433 | Shiva Global Agro Industries Ltd | 10 |
| 4 | 517080 | High Ground Enterprise Ltd | 5 |
| 5 | 522029 | Windsor Machines Ltd | 5 |
| 6 | 540694 | ANG Lifesciences India Ltd | 5 |
| 7 | 504286 | Delta Magnets Ltd | 5 |
| 8 | 532854 | Nitin Fire Protection Industries Ltd | 5 |
| 9 | 538860 | Panafic Industrials Ltd | 5 |
| 10 | 540653 | Sintex Plastics Technology Ltd | 5 |
| 11 | 507912 | LKP Finance Ltd | 5 |
| 12 | 509009 | AuSom Enterprise Ltd | 5 |
Stocks Near Breakout
- V-Guard : If closes above 245-250 with Heavy Volume then it’s a good Breakout.
- TCS : If closes above 2270 with Heavy Volume then it’s a good Breakout.
- Nestle : If closes above 11750 with Heavy Volume then it’s a good Breakout.
- Raymond : If closes above 870 with Heavy Volume then it’s a good Breakout.
- JM Financial : If closes above 96 with Heavy Volume then it’s a good Breakout.
- GHCL : If closes above 272 with Heavy Volume then it’s a good Breakout.
- Indian Hotel : If closes above 160-162 with heavy volume then it’s a good Breakout.
- Gail : If closes above 360 with heavy volume then it’s a good Breakout.
One Can track our Short/Medium Term shares, all details is there in the attached Excel sheet. Google Drive Tracking sheet.
8:10 AM : US future in positive start for the week, SGX Nifty indicating flat opening, Brent showing positive movement upto .50% at $62.30. Asian Peers in good positive start.
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