FRIDAY 

19-APR-2024

 

Below 21950 bears active-Sensex Expiry

NEGATIVE

Today’s Market Prediction:

• Indian stock market Would open Gap down NEGATIVE
• Technically, Nifty is in the Negative zone- BankNifty is in the Positive zone.
• Nifty index formed bearish candlestick pattern on the daily charts.
• India VIX up by 3.36 percent to 13.04 levels.
• Wipro to Announce Q4 Earnings Today
• Bajaj Auto Q4 profit at Rs 2,011 crore, beats estimates; declares dividend
• Infosys Q4 net profit at Rs 7,969 crore, beats estimates; Rs 28 dividend declared
• NSE to launch Nifty Next 50 index derivatives this month, gets SEBI nod
• Housing & Urban Development Corporation: The Department of Public Enterprises (OPE) has granted the Navratna status to HUDCO.
• Federal Bank: The private sector lender has received approval from the Reserve Bank of India (RBI) to establish a representative office in the Kingdom of Saudi Arabia.
• Vodafone Idea: The telecom operator's follow-on public offer will open for the second day of bidding on April 19. The offer had subscribed 26 percent on the opening day. 

Stocks in NEWS  

• Infosys: The country's second largest IT services company has recorded consolidated profit at Rs 7,969 crore for quarter ended March FY24, growing 30.5 percent over previous quarter driven by income tax refund, but overall earnings missed analysts' estimates. 

• Bajaj Auto: The Pune-based two-and-three-wheeler maker has reported standalone net profit at Rs 1,936 crore for March FY24 quarter, growing sharply by 35 percent over a year-ago period. Revenue from operations during the same period increased 29 percent to Rs 11,485 crore, with sales volume rising 24 percent to 10.62 lakh units.

• ICICI Securities: The company has reported consolidated net profit at Rs 536.5 crore for quarter ended March FY24, rising 104.3 percent over a year-ago period, with strong topline as well as operating performance. Revenue from operations grew by 74.4 percent to Rs 1,543.2 crore compared to same period last year.

• Gokaldas Exports: The company has opened its qualified institutions placement (QIP) issue on April 18. The floor price has been fixed at Rs 789.99 per share.

• Housing & Urban Development Corporation: Department of Public Enterprises (OPE) has granted the Navratna Status to HUDCO.

• Mahindra Lifespace Developers: The real estate and infrastructure development subsidiary of the Mahindra Group has received booking for more than 150 homes within just 2 days, valuing at Rs 350 crore, after the launch of Bengaluru's 1st net zero waste + energy residential project, Mahindra Zen.

Market Indication:

Global: NEGATIVE

NIFTY: NEGATIVE

BANKNIFTY: NEGATIVE

PCR:The Nifty Put Call ratio (PCR), which indicates the mood of the equity market, jumped to 0.93 on April 18, from 0.76 levels in the previous session.

BULK Deals: Vst industries limited, Delaplex limited etc.

Stocks In F&O Ban Period:Exide Industries, Balrampur Chini Mills, Bandhan Bank, GNFC, Hindustan Copper, Vodafone Idea, Metropolis Healthcare, National Aluminium Company, Piramal Enterprises, SAIL, and Zee Entertainment Enterprises 

Results Today: Wipro, HDFC Asset Management Company, Jio Financial Services, Hindustan Zinc, Elecon Engineering, and KP Green Engineering

GIFT NIFTY:  (Negative)

21693   -374.50    -1.70%

FII-DII: FIIs were net sellers of Rs.4260.33 crores whereas DIIs were net buyers of Rs.2285.52 crores in cash market for last trading session.

NIFTY (21996) The support for the Nifty is: 21955-21870-21730 and the Resistance to the up move is at: 22234-22320-22460 levels.

BANKNIFTY (47069): The support for BankNifty is: 46970-46770-46445 and the resistance to the up move is at 47618-47818-48140 levels.

 

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Note:

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we are not SEBI registered . you may consult your Financial advisor before taking trade.
Our views are based on candlestick charts,patterns,Mathematical based calculation ( pivot)
we are not responsible for any profit/loss as views are for Educational/Observation Purpose
Maintain your daily risk as per your capital and risk management. daily risk should not cross more than 2 % of your Total capital . managing your risk is important in any kind of trading . If you are in direction of Profit then Trail your SL . without SL no trade. 

If you are Trading in Equity : then you may use this calculation for risk management
If Daily Risk in Equity is Rs. 250 and SL is of 5 points ( from entry point to SL point)  then Qty should be taken as per this Risk: 250/5 = Qty 50