[ad_1]
After a positive start, the Nifty50 traded a range of 70 points throughout the session and closed slightly lower on Thursday, forming a bearish candle on the daily charts.
The index stayed below its 11000 downward candle for the second consecutive session today. Not only did the Nifty Midcap index close lower for the second day in a row, losing 0.7%. In fact, all sector indices are closed in the red except the FMCG.
The current range-setting trade has indicated that the market is eagerly awaiting more data on corporate profits to get a 10 925-11,080 level guidance, according to experts. ] The 50-share NSE Nifty opened higher at 10,999.50 and reached an intraday high of 11,006.50, but immediately canceled those gains to trade within a narrow 70-point range. The index hit the low of 10,935.45 before finishing 23.40 points lower at 10,957.10.
"As suspected Nifty50 created a range between 11,080-10,925 levels as he recorded a downward candle in today's session with an intraday low of 10,935 and rebounded as" Mazhar Mohammad , chief strategist – Technical Research and Trading Council, Chartviewindia.in, told Moneycontrol
Thus, the market could continue to remain restless for two days inside this zone. Rupture of the lower end, ie a close lower than 10,900 points, could bring down indices by about 150 points below this range, which will result in : the test of its 50-day moving average, the value of which is placed around 10,750 kinds of levels.
Contrary to this, the upward movement will emerge above 11,080, he said. "Therefore, traders are advised to remain neutral and to initiate positions s in the direction of the break once it occurs. "
India VIX fell 0.95% to 13.55 levels.
top 15 data points to help you spot the profitable trades:
Key support and resistance level for Nifty
The Nifty finished Thursday at 10.957 .10. According to Pivot charts, the key support level is set at 10,926.23, followed by 10,895.37. If the index starts to rise, the main levels of resistance to watch are 10,997.23 and 11,037.37
Nifty Bank
The Nifty Bank index closed at 26,789 , 65, down 91.25 points on Thursday. The important level of Pivot, which will serve as a crucial support for the index, is placed at 26,671.4, followed by 26,553.1. On the upside, key resistance levels are set at 26.966.7, followed by 27.143.7
Call Options Data
The maximum open interest rate of 41.79 contracts has been observed at the exercise price of 11,000. This will constitute a crucial resistance level for the July series
followed by the exercise price of 11,100, which now holds 37.66 lakh contracts in open position, and 11,200 who have accumulated contracts 34.46 lakh sold out. [19659002] Call call was seen at the exercise price of 11,000, which added 8.49 lakh contracts, followed by 11,300, which added 5.9 lakh contracts.
Appeals procedure was seen at the exercise price of 10,700, which lost 0.94 10,800, who lost 0.3 million contracts and 10,500 who lost 0.18 lakh contract.
Put Options
Maximum open interest of 46.22 lakh contracts at the exercise price of 10,800. This played a crucial role in the July series
followed by the exercise price of 11,000, which now holds 43.04 million opening contracts, and the exercise price of 10,600, which has now accumulated 39.87
The highest exercise price was found at the exercise price of 10,900, or 6.27 lakh, followed by 11,000, or 5 , 87 lakh and 10,500, or 2.96 lakh. who lost more than 0.59 million contracts, followed by 11,100, who lost 0.18 lakh contract.
FII & DII Data
Foreign Institutional Investors (FDI) sold shares worth Rs 315.69 crore while investors National institutional investors bought shares worth Rs 470.02 crore on the Indian stock market on Thursday, according to preliminary data available on the NSE.
] I am age819072018 "width =" 782 "height =" 204 "/>
Actions with a high delivery percentage:
A high percentage of delivery suggests that investors accept the delivery of the stock, which means that investors are optimistic.
35 shares have seen a long accumulation
49 shares saw a short cover
A decrease in the interest rate opening with an increase in prices generally indicates a short cover.
68 shares saw a short accumulation
An increase in open interest with a falling prices indicates mostly an accumulation of short positions
[19659002] 54 actions enjoyed a long period of relaxation
Bulk Deals
Sumeet Industries : Somani O Verseas Private Limited bought 525,000 shares of the company at Rs 11.34 per share
Raw Edge Industrial Solutions : Display Commercial bought 1.63,200 shares of the company at Rs 72, 14 per action. 19659002] ( For more bundles, click here )
Analyst or Board of Directors / Meetings of Information
] Lumax Auto Technologies : unaudited board of directors meeting Cigniti Technologies : Board meeting to approve unaudited financial results for the quarter of April-June should take place on July 31st.
Phillips Carbon Black : The meeting of the board of directors to approve the unaudited financial results for the April-June quarter is expected to take place on July 27.
Supreme Infrastructure : Board meeting financial results for the quarter of April-June are expected
Bajaj Finserv: The Board Meeting to approve the financial results of the quarter of April-June is scheduled for July 25.
Aban Offshore : Board meeting to approve financial results for the quarter of April to June is expected to be held on July 30.
East Cement : The meeting of the council to approve the financial results of the quarter from April to June is scheduled for August 1. [19659002] Grasim Industries : The meeting of the board of directors to approve the financial results of the quarter of April-June is scheduled for August 14.
Texmaco Infrastructure : Board meeting the quarter of April-June is scheduled for August 30th.
Elecon Engineering : The meeting of the board of directors to approve the financial results of the quarter of April-June is scheduled for August 1.
Texmaco Rail & Engineering : Board Meeting to Approve Financial results for the April-June quarter are scheduled for July 30th.
Essel Propack : The meeting of the board of directors to approve the financial results of the quarter of April-June should take place on July 26th.
Jubilant Industries : The meeting of the board of directors to approve the financial results of the quarter of April-June is scheduled for July 26.
DCM Shriram : Board of Directors to approve the financial results for the quarter of April-June is expected to take place on July 31.
Wanbury : The board meeting to approve the financial results for the April-June quarter is scheduled for August 9.
Uniphos Enterprises : The meeting of the board of directors to approve the financial results for the quarter of April-June is scheduled for July 31.
SML Isuzu : Board meeting to approve the financial results for the quarter of April to June is scheduled to take place on August 9.
S chneider Electric Infrastructure : The board meeting to approve the financial results for the April-June quarter is scheduled for July 27.
JSW Energy : Board meeting to approve the financial results of April-June quarter and the conference call is scheduled for July 27.
Hindustan Bio Sciences : The meeting of the board of directors to approve the financial results of the quarter of April-June is scheduled for August 8.
IRB Infrastructure Developers : The board meeting to approve the financial results for the April-June quarter is scheduled for July 25.
Simplex Papers : Meeting of the Board of Directors the quarter of April-June is scheduled on August 1.
Simplex Mills Company : The meeting of the board of directors to approve the financial results of the quarter from April to June is to take place on August 1. [19659002] Chennai Petroleum Corporation [1] 9459006]: The Board meeting to approve the financial results for the April-June quarter is scheduled for July 30th.
CG Power and Industrial Solutions : Board meeting to approve the financial results of the quarter of April-June is expected to take place on August 3.
VST Tiller Tractors : The company's 50th Annual General Meeting is scheduled for August 11th.
Sonata Software : The 23rd Annual General Meeting of the Company is scheduled for August 13th.
Timken India : The 31st Annual General Meeting of the Company is scheduled for August 10th.
Mahindra Lifespace Developers : The meeting of badysts / institutional investors is scheduled for July 20.
Welspun Corp : The conference call on the results of the first quarter of fiscal year 19 will be held in July 23.
Ushdev International : The meeting of the committee
Stocks of News
Results of Friday : Wipro, Bajaj Auto, HDFC Standard Life Insurance, L & T Finance Holdings, Bajaj Holding, India Bata, Ceat, Havells India, Just Dial, Kansai Nerolac, Hathway Cable, Atul, MCX, Nelco, Consumer Sanwaria, Zee Media Corporation.
Results: Saturday : HDFC Bank, Reliance Power, South Indian Bank
Bajaj Finserv : the consolidated profit of the first quarter increases by 41% to 825 crores for Rs against 585 crores for Rs; the income increases by 39 percent to Rs 3,943.6 crore against Rs 2,839 crore (YoY).
Hatsun Agro Product : First quarter profit rises to Rs 37.85 crore against Rs 35.18 crore; The turnover increases to Rs 1,235.67 crore against Rs 1,168.73 crore (YoY).
Hatsun Agro Product : The company proposes to establish a dairy factory in Maharashtra and identified the place of construction of the factory. The dairy facility is expected to be commissioned by the end of December 2019.
Aditya Birla Money: First quarter earnings climb to Rs 2.02 crore against Rs 1 , 27 crore; the turnover increases by Rs 42.14 crore against Rs 35.90 crore (YoY).
JSW Steel : The National Society Law Tribunal (NCLT) approves the resolution plan of JSW Steel-AION for Monnet Ispat with some modifications
ABB India : second-quarter profit rose 35.8% to Rs 102.1 crore against Rs 75.1 crore; the income increases by 21.5% to Rs 2,713 crore against Rs 2,233 crore (YoY).
Hindalco : No Aleris acquisition proposal was taken into account by the board of directors
NSE
Securities in the blackout period for trading the next day in the F & O segment includes companies in which security has crossed 95 percent of the market limit.
For July 20, Adani Enterprises and Adani Power are present in this list.
[ad_2]
Source link
