Today Market Prediction

FRIDAY 

27-MAR-2020

 

 Holding 8400 is the key for further upside 

POSITIVE  MARKET

 

Today’s Market Prediction:

  • Indian stock market Would open POSITIVE
  • Technically, Indian stock matket is Still in negative zone
  • The index nifty fromed a Bullish candle on daily chart.
  • India VIX fell by 7.85 percent at 71.53 level.
  • Rupee settles 78 paise higher at 75.16 a dollar
  • Oil sheds more than $1
  • Sebi further relaxes compliance norms for listed companies
  • ESAF Small Finance Bank receives Sebi approval to float IPO
  • Coronavirus impact to bring more worries for Indian banks
  • Crisil cuts FY21 growth estimate sharply to 3.5%
  • State Bank of India: The bank's board will meet on March 27 for general purposes.
  • Ceinsys Tech: The board will meet on March 27 for general purposes.
  • Dr. Reddy's Laboratories: The board will meet on March 27 for general purposes.

Stocks in the NEWS

  • Yes Bank: The bank said it has increased its fundraising size to Rs 15,000 crore from Rs 10,000 crore.
  • NTPC: Company executed SPA with Govt for the acquisition of THDC India and NEEPCO for Rs 11,500 crore.
  • Lupin: Company appointed Ramesh Swaminathan as Chief Financial Officer and Head Corporate Affairs.
  • PVR: Vishal Kashyap Mahadevia, Non-Executive Director resigned.
  • Piramal Enterprises: CARE affirmed its AA/Stable credit rating for additional NCD of up to Rs 1,000 cr.
  • Sanghvi Movers: ICRA retained company's long-term rating at A-, but revised outlook to Negative from Stable.
  • Arvind Fashions: Company deferred the rights issue due to novel coronavirus.
  • Modern Threads (India): The board will meet on March 27 to consider and approve quarterly results.
  • Relic Technologies: The board will meet on March 27 for general purposes.

Market lndication:

Global:  POSITIVE

NIFTYPOSITIVE

BANKNIFTY:  POSITIVE

BULK Deals: JSW Steel,GHCL

Stocks In F&O Ban Period: JSPL, NCC, Adani Enterprises, PVR, Vodafone Idea, JustDial, PNB, Indiabulls Housing Finance, and Yes Bank.

Results Today: Nil

 

SGX NIFTY (Positive)

8748   +95.50    +1.10%

 

FII-DII: FIIs were net sellers of Rs.484 crores whereas DIIs were net buyers of Rs.769 crores in cash market for last trading session.

NIFTY (8641): The support for the Nifty is: 8381-8120-7860 and the resistance to the up move is at: 8825-9009-9190 levels.

BANKNIFTY (19613): The support for BankNifty is: 18515-17417-16800 and the resistance to the up move is at 20560-21507-22000 levels.

 


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Disclaimer: Investment in equity shares has its own risks. This material is for educational information and we are not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise.