FRIDAY 

02-MAY-2025

 

Nifty index made in decision candle on F-O expiry dat but managed to close above key EMA like 200 EMA -POI:24385

FLAT to NEGATIVE

Today’s Market Prediction:

• Indian stock market Would open FLAT
• Technically, Nifty is in the Bullish zone- BankNifty is in the Bullish zone
• Nifty index formed a Doji-like candlestick pattern during the weekly F&O expiry session, indicating indecision between bulls and bears. 
• India VIX up by 4.90 percent to 18.22 levels.
• NBCC (India):The company has received a renovation work order worth Rs 95.66 crore from the Sushma Swaraj Institute of Foreign Service, New Delhi.
• Infosys:The digital services and consulting company has completed the acquisition of MRE Consulting, a technology and business consulting service provider.
• PNB Housing Finance:Quality Investment Holdings PCC is likely to exit the company by selling its entire 10.44% stake via block deals. The floor price may be set at Rs 960 per share.

Stocks in NEWS:-

• JSW Energy:The company's subsidiary, JSW Neo Energy, has signed a Pumped Hydro Storage Power Procurement Agreement with Uttar Pradesh Power Corporation (UPPCL) for the procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage.

• HBL Engineering:The company has received letters of acceptance from Western Railway for the provision of Kavach across 48 stations, covering 428 km. The total value of the contract is Rs 145.83 crore.

• GR Infraprojects:The company's subsidiary, Agra Gwalior Highway, has executed the concession agreement for a project worth Rs 4,262.78 crore with the National Highways Authority of India. The project involves the construction of the Agra-Gwalior Greenfield road.

• One MobiKwik Systems:The company's subsidiary, Zaak ePayment Services, has received the Certificate of Authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator. 

• CMS Info Systems:Pankaj Rawat has resigned as Chief Marketing Officer of the company, effective April 30, to explore career opportunities outside India.

• Zaggle Prepaid Ocean Services:The company has signed an agreement with Aster DM Healthcare to provide Zaggle Save, an employee expense management and benefits platform.

• NMDC:The company has increased its lump ore and fines prices by Rs 440 per tonne each, to Rs 6,440 per tonne and Rs 5,500 per tonne, respectively, effective May 1. Additionally, the Board has approved the designation of K Venkateswarlu, General Manager (Finance), as the Whole-Time Chief Financial Officer of the company.

• Puravankara:The Board will meet on May 6 to consider the raising of funds up to Rs 300 crore in one or more tranches through private placement.

• State Bank of India:Pravin Raghavendra has superannuated as the Deputy Managing Director and COO of the bank, effective April 30.

• Bank of India:The Board has approved capital raising of up to Rs 5,000 crore by issuing Basel-III compliant Tier-I and Tier-II bonds of Rs 2,500 crore each during FY26.

• NCC:The company has received orders worth Rs 1,663 crore in April. Out of these, Rs 1,082 crore relates to the building division, and Rs 581 crore to the transportation division.

• CESC:The Maharashtra Electricity Regulatory Commission has approved the arrangement for procurement of 125 MW of power from Dhariwal Infrastructure, a wholly-owned subsidiary of CESC.

• Aditya Birla Fashion and Retail:The Board of the company's subsidiary, Aditya Birla Lifestyle Brands, has appointed Ashish Dikshit as Managing Director and Vishak Kumar as Deputy Managing Director and Chief Executive Officer. 

• Bharat Gears:Hitendra Mishra has resigned from the post of Chief Executive Officer (CEO) of the company due to personal reasons, effective April 30.

Market Indication:-

Global: FLAT to NEGATIVE

NIFTY: FLAT to NEGATIVE

BANKNIFTY: FLAT to NEGATIVE

PCR:The Nifty Put-Call ratio (PCR), which indicates the mood of the market, jumped to 1.16 on April 30, from 0.94 in the previous session.

BULK Deals: Alan Scott Industries,Deccan Health Care etc. 

Stocks In F&O Ban Period:RBL Bank

Results Today:Marico, Godrej Properties, Archean Chemical Industries, Aether Industries, City Union Bank, Gravita India, Indian Overseas Bank, Jindal Saw, Latent View Analytics, Parag Milk Foods, PNB Gilts, R R Kabel, Sanofi Consumer Healthcare India, Subex, Sunteck Realty, Tatva Chintan Pharma Chem, and V-Mart Retail

GIFT NIFTY:  (Positive) 

24431     +37.00    +0.15

FII-DII: DIIs net buy shares worth Rs 1792.15 crore, FIIs net buy Rs 50.57 crore.

NIFTY (24334) The support for the Nifty is: 24235-24190-24110 and the Resistance to the up move is at: 24385-24430-24505 levels.

BANKNIFTY (55087): The support for BankNifty is: 54810-54630-54340 and the Resistance to the up move is at 55385-55565-56850 levels.

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Note:

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Our views are based on candlestick charts,patterns,Mathematical based calculation ( pivot)
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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