MONDAY 

05-MAY-2025

 

Nifty index made in decision candle with above average volume- but managed to close above key EMA like 200 EMA -POI:24525

FLAT to POSITIVE

Today’s Market Prediction:

• Indian stock market Would open POSITIVE
• Technically, Nifty is in the Bullish zone- BankNifty is in the Bullish zone
• Nifty index formed a small bullish candle with a long upper shadow on the daily charts.
• India VIX up by 0.19 percent to 18.26 levels.
• Tata Motors:The Board has approved the issuance of non-convertible debentures (NCDs) worth up to Rs 500 crore.
• BSE:The company has executed a Share Purchase Agreement to divest its 100% stake in BSE Institute (BIL) to AV Financial Experts Network for Rs 16.9 crore, subject to the fulfilment of pre-closing obligations.
• IRCON International:The company has received a work order worth Rs 458.14 crore from North Eastern Electric Power Corporation. The order involves the construction of civil works on an item-rate basis for the Tato-I Hydro Electric Project in Arunachal Pradesh.

Stocks in NEWS:-

• AU Small Finance Bank:True North, Indium IV (Mauritius), and Silver Leaf Oak are likely to sell 92.3 lakh shares (1.24% equity) in the bank via block deals, The floor price is set at Rs 650 per share.

• Azad Engineering:The company has signed a long-term supply agreement with GE Steam Power GMBH, acting through its GE Vernova Power business based in Baden, Switzerland, for the manufacture and supply of highly engineered and complex rotating and stationary airfoils for advanced nuclear, industrial, and thermal power industries. 

• Shilpa Medicare:The company's biologics subsidiary, Shilpa Biologics, has received European GMP certification for its Dharwad plant in Karnataka for manufacturing test batches, based on a recent inspection. The inspection was conducted between February 18–20 by the competent authority of Austria.

• Concord Biotech:The US Food and Drug Administration has issued Form 483 with four observations for the company's API facility in Dholka. The US health regulator inspected the facility between April 28 and May 2. These observations are procedural in nature and none are related to data integrity.

• GOCL Corporation:The company has received approval from its Board to sell its subsidiary, IDL Explosives, to Apollo Defence Industries for Rs 107 crore.

• Indraprastha Gas:The Board has approved the appointment of Rajkumar Dubey as Chairman of the company, effective May 1. Sukhmal Kumar Jain has ceased to be the Chairman.

• Tata Steel:Life Insurance Corporation of India has increased its stake in Tata Steel to 7.851% from 5.836% between July 28, 2022, and April 30, 2025.

• NTPC:The company's subsidiary, NTPC Renewable Energy, has declared commercial operation of the third and final phase of its 60 MW capacity, part of the 150 MW Gujarat Solar PV project. With this, the total installed and commercial capacity of the NTPC Group has reached 80,155 MW.

• JSW Steel:The Revisionary Authority has set aside the demand notices and remanded the matter back to the State Government of Odisha to be disposed of after providing a proper opportunity for a hearing to the company.

• Adani Ports and Special Economic Zone:The company handled cargo volume of 37.5 MMT, a 4% YoY growth, led by containers (up 21% YoY), and liquids and gas (up 8% YoY). Its logistics rail volume stood at 57,751 TEUs, up 17% YoY, while GPWIS volume reached 1.8 MMT, up 4% YoY.

Market Indication:-

Global: FLAT to POSITIVE

NIFTY: FLAT to POSITIVE

BANKNIFTY: FLAT to POSITIVE

PCR:The Nifty Put-Call ratio (PCR), which indicates the mood of the market, dropped sharply to 0.91 on May 2, from 1.16 in the previous session.

BULK Deals: Resourceful Automobile,Expo Gas Containers etc. 

Stocks In F&O Ban Period:RBL Bank

Results Today:Mahindra & Mahindra, Indian Hotels Company, Coforge, Bombay Dyeing & Manufacturing Company, Computer Age Management Services, CCL Products, Capri Global Capital, Cigniti Technologies, Ethos, Jammu & Kashmir Bank, Nureca, Unicommerce Esolutions, and Zee Media Corporation

GIFT NIFTY:  (Positive) 

24528     +125.00    +0.51

FII-DII: DIIs net buy shares worth Rs 3290.49 crore, FIIs net buy Rs 2769.81 crore.

NIFTY (24347) The support for the Nifty is: 24255-24175-24040 and the Resistance to the up move is at: 24525-24610-24740 levels.

BANKNIFTY (55115): The support for BankNifty is: 55000-54835-54570 and the Resistance to the up move is at 55535-55700-55965 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