WEDNESDAY 

18-JUN-2025

 

Nifty index closed in red with MACD maintained negative crossover - POI: 24825

FLAT to NEGATIVE

Today’s Market Prediction:

• Indian stock market Would open FLAT
• Technically, Nifty is in the Bullish zone- BankNifty is in the Bullsh zone
• Nifty index formed a bearish candlestick resembling a Bearish Belt Hold pattern on the daily charts.
• India VIX fell by 2.93 percent to 14.40 levels.
• Delhivery:The Competition Commission of India has approved the proposed acquisition of at least 99.4% stake in Ecom Express by Delhivery, for up to Rs 1,407 crore.
• RailTel Corporation of India:The company has received a Letter of Intent (LOI) from Zoram Electronics Development Corporation (Zenics) for the implementation of the Mizo Fibre Grid Network (MFGN) project, valued at Rs 43.99 crore.

Stocks in NEWS:-

• Hindustan Zinc:Vedanta is likely to sell 6.67 crore shares (equivalent to 1.6% equity stake) of Hindustan Zinc via block deals, with a floor price of Rs 452.5 per share.

• Mahindra & Mahindra, SML Isuzu:The Competition Commission of India (CCI) has unconditionally approved the acquisition of SML Isuzu by Mahindra & Mahindra, along with the associated open offer. On April 26, M&M's board approved the acquisition of a 43.96% stake in SML Isuzu from promoter Sumitomo Corporation, along with an additional 15% stake from public shareholder Isuzu Motors. It is also making an open offer to acquire up to 26% stake from eligible public shareholders at a price of Rs 1,554.60 per share.

• Polycab India:The company has signed an agreement with BSNL, acting as the Project Implementation Agency, for a contract worth Rs 6,447.54 crore.The project involves the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network of the BharatNet programme in Karnataka, Goa, and Puducherry telecom circles, under Package No. 4.

• Bharat Forge:The company has signed a Memorandum of Understanding (MoU) with French company Turgis Gaillard to offer the AAROK UAV in alignment with the Indian Ministry of Defence. AAROK is a MALE-class UAV (Medium Altitude Long Endurance), designed to offer advanced technology at low acquisition and deployment costs. Equipped with electromagnetic sensors and radar, the UAV is capable of monitoring enemy activity while remaining stand-off from threats.

• Ugro Capital:The company’s Board of Directors will meet on June 20 to consider fundraising via convertible securities through preferential allotment.Additionally, Ugro Capital has signed a Share Purchase Agreement with the existing shareholders of Profectus Capital to acquire 100% of its shares for Rs 1,400 crore.

• Neuland Laboratories:The company has received an administrative warning letter from SEBI for a violation of insider trading regulations by a designated person of the company. The company clarified that there is no material impact on its financials, operations, or other activities.

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, fell to 0.95 on June 17, compared to 1.14 in the previous session.

BULK Deals:Shankara Building Products,Digitide Solutions etc. 

Stocks In F&O Ban Period: Aditya Birla Fashion and Retail, Birlasoft, Central Depository Services, Chambal Fertilisers and Chemicals, HUDCO, Indian Renewable Energy Development Agency (IREDA), Manappuram Finance, RBL Bank, Titagarh Rail Systems

Results Today:Nil

GIFT NIFTY:  (Negative) 

24834     -29.00    -0.12

FII-DII: DIIs net buy shares worth Rs 7796.57 crore, FIIs net buy Rs 1616.19 crore.

NIFTY (24853) The support for the Nifty is: 24810-24780-24715 and the Resistance to the up move is at: 24945-24985-25050 levels.

BANKNIFTY (55714): The support for BankNifty is: 55645-55545-55385 and the Resistance to the up move is at 55970-56070-56230 levels.

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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