//]]> //]]> Indian Stock Market Analysis: 2020

Friday, December 25, 2020

Sovereign Gold Bond (SGB) will be opened for subscription at Rs 4950/gram for period Dec 28, 2020 to Jan 01, 2021

Sovereign Gold Bond (SGB) next tranche will be opened for subscription for period Dec 28, 2020 to Jan 01, 2021. Sovereign Gold Bond 2020-21 is issued by RBI on behalf of the GOI. The issue price for the SGB has been fixed at Rs 5000/gram ( For investors applying online in demat mode and payment against application is made through digital mode, the rate is Rs 4950/gram).

The nominal value of the bond based on the simple average closing price for Gold of the last three business days of the week preceding the subscription period.

The bonds are restricted for sale to resident individuals, Hindu Undivided Families (HUFs), trusts, universities and charitable institutions.

The bonds are denominated in multiples of gram of Gold with a basic unit of 1 gram.The minimum investment limit will be 1 gram and the maximum limit of subscription shall be 4 kg for individual, 4 kg for HUF and 20 kg for trusts universities and charitable institutions for financial year (April-March).and the tenor of the SGB will be eight years with exit option after 5th year to be exercised on the interest payment date. SGB will be tradable on both excahnge (NSE and BSE).

The Gold bond will be sold through banks, Stock Holding Corporation of India, designated post offices, and recognised stock exchanges (NSE and BSE).

Investors can check other details of Gold bond on RBI website.

Apart from this, RBI announced date of issuance of upcoming Gold bond tranches.

Sr. No.TrancheDate of SubscriptionDate of Issuance

12020-21 Series XJanuary 11-15, 2021January 19, 2021
22020-21 Series XIFebruary 01- 05, 2021February 09, 2021
32020-21 Series XIIMarch 01- 05, 2021March 09, 2021

Wednesday, December 23, 2020

Antony Waste Handling Cell Limited IPO subscribed 15.04 times and Retail part subscribed 16.55 times on Last day

The initial public offer (IPO) of Antony Waste Handling Cell Limited subscribed 15.04 times on Wednesday the last day of the offering data from stock exchanges show.

Burger King India Limited had set a price band of Rs 313-315 per share and the IPO closed on 23rd December.

The portion of shares reserved for Qualified institutional investors was subscribed 9.67 times, shares reserved for Non Institutional Investors was subscribed 18.69 times and shares reserved for retail investors was subscribed  16.55 times.


Detail of Antony Waste Handling Cell Limited IPO :

Antony Waste Handling Cell Limited Incorporated in 2001, is one of the leaders in India's Municipal Solid Waste Management industry. The business is offering a full spectrum of MSW services i.e. solid waste collection, processing, transportation, and its disposal across the country. The company's key business operations include MSW C&T, MSW processing, and Mechanized sweeping project.The company is undertaking many projects of Navi Mumbai Municipal Corporation (NMMC), Thane Municipal Corporation (TMC), Pimpri Chinchwad Municipal Corporation (PCMC), Mangaluru Municipal Corporation (MMC), New Okhla Industrial Development Authority (NOIDA), and Greater Noida Industrial Development Authority (GNIDA). It has a waste processing plant at the Kanjurmarg site.As of August 31, 2020, Antony Waste has 17 MSW C&T, 2 MSW processing, and 4 mechanized sweeping ongoing projects.


Issue Size  - 9,523,345 Eq Shares of Rs 5 (aggregating up to Rs 300 Cr) 

Fresh Issue - 2,698,412 Eq Shares of Rs 5 (aggregating up to Rs 85 Cr) 

Offer for Sale - 6,824,933 Eq Shares of Rs 5 (aggregating up to Rs 215 Cr)

IPO Price - Rs  313 to Rs 315 per equity share

Market Lot - 47 Shares ( Min Order quantity )

Maximum Order Quantity for Retail  -  611 Shares (  13 Lots )

Finalisation of Basis of Allotment - Dec 29, 2020

Initiation of Refunds - Dec 30, 2020

Credit of Shares to Demat Account - Dec 31, 2020

IPO Shares Listing Date - Jan 01, 2020

Tuesday, December 22, 2020

Mrs. Bectors Food Specialities Limited IPO : How to check share allotment status



The share allocation in Mrs. Bectors Food Specialities Limited IPO  will finalised on 23rd December. Link Intime India Limited is the registrar of the IPO and investors can check the allotment on its website. The issue, which closed on December 17th, was subscribed a whopping 198 times. Rs 810 crore initial public offer received bids for 2,62,07,29,550 shares against 1,32,36,211 shares on offer.

In  Mrs. Bectors Food Specialities Limited IPO, the retail individual investors segment was subscribed 29.28 times while qualified institutional buyers category was subscribed 176 times and non institutional investors 620 times.

The price range for the offer was fixed at Rs 286-288 piece and the lot size was 50 shares. Minimum application money for retail investors at the upper price band per lot is Rs. 14,400. Retail investors could bid for a maximum of 13 lots.

Mrs. Bectors Food Specialities Limited IPO are expected to be listed on December 28.

Thursday, December 17, 2020

Mrs. Bectors Food Specialities Limited IPO subscribed 198 times and Retail part subscribed 29.28 times on Last day

The initial public offer (IPO) of Mrs. Bectors Food Specialities Limited subscribed 198 times on Thursday the last day of the offering data from stock exchanges show.

Mrs. Bectors Food Specialities Limited had set a price band of Rs 286-288 per share and the IPO closed on 17th December.

The portion of shares reserved for Qualified institutional investors was subscribed 176.85 times, while shares reserved for retail investors was subscribed 29.28 times.

Sunday, December 13, 2020

Mrs. Bectors Food Specialities Limited IPO opens for subscriptions from Dec 15, 2020

You can apply on click on Link

Incorporated in 1995, Mrs. Bectors Food Specialities Limited are one of the leading companies in the premium and mid-premium biscuits segment and the premium bakery segment in North India, according to the Technopak Report. Mrs. Bectors manufacture and market a range of our biscuits such as cookies, creams, crackers, digestives and glucose under our flagship brand ‘Mrs. Bector’s Cremica’. Mrs. Bectors also manufacture and market bakery products in savoury and sweet categories which include breads, buns, pizza bases and cakes under brand ‘English Oven’. Mrs. Bectors supply our products to retail consumers in 26 states within India, as well as to reputed institutional customers with pan-India presence and to 64 countries across six continents during the Financial Year ended March 31, 2020. According to Technopak Report, ‘Mrs. Bector’s Cremica’ is one of the leading biscuit brands in the premium and mid-premium segment in Punjab, Himachal Pradesh, Jammu and Kashmir and Ladakh and ‘English Oven’ is the one of the largest selling brand in the premium bakery segment in Delhi NCR, Mumbai and Bengaluru. Mrs. Bectors are the largest supplier of buns in India to reputed QSR chains such as Burger King India Limited, Connaught Plaza Restaurants Private Limited, Hardcastle Restaurants Private Limited,and Yum! Restaurants (India) Private Limited

Mrs. Bectors have a strong distribution network in India and globally in the general trade and the modern trade segment. During the period between April 1, 2020 to September 30, 2020, Mrs. Bectors distributed biscuits across 23 states in India, through widespread network of 196 super-stockists and 748 distributors supplying to wide range of customers through 458,000 retail outlets and 4,422 preferred outlets. Mrs. Bectors are also one of the largest suppliers of biscuits to Canteen Stores Department of Government of India supplying in 33 locations acrossIndia and an approved and listed supplier for Indian Railways having strong presence across Railway Station Canteens and their stores in North India.

Competitive Strengths
  • A leader in biscuits and bakery segments in North India.
  • Well-diversified product varieties.
  • Major food certifications i.e. BRC, USFDA, and FSSC.
  • Strong sales and distribution network.
Company Promoters

Mr. Anoop Bector is the promoter of the company.

Company Financials

ParticularsFor the year/period ended ( in million)
30-Sep-2031-Mar-2031-Mar-1931-Mar-18
Total Assets6,087.265,657.155,770.445,110.59
Total Revenue4,385.557,649.767,860.296,957.55
Profit After Tax388.83304.03331.50358.93
IPO Detail 

Issue Size - Eq Shares of Rs 10 (aggregating up to Rs 540.54 Cr) 

Fresh Issue - Eq Shares of Rs 10 (aggregating up to Rs 40.54 Cr) 

Offer for Sale - Eq Shares of Rs 10 (aggregating up to Rs 500.00 Cr)

IPO Price - Rs 286 to Rs 288 per equity share

Market Lot - 50 Shares ( Min Order quantity )

Maximum Order Quantity for Retail - 650 Shares ( 13 Lots )

IPO Close Date - Dec 15, 2020

Finalisation of Basis of Allotment - Dec 22, 2020

Initiation of Refunds - Dec 23, 2020

Credit of Shares to Demat Account - Dec 24, 2020

IPO Shares Listing Date - Dec 28, 2020

Tuesday, December 8, 2020

Burger King India Limited IPO : How to check share allotment status



The share allocation in Burger King India Limited IPO  will finalised on 9th December. Link Intime India Limited is the registrar of the IPO and investors can check the allotment on its website. The issue, which closed on December 04th, was subscribed a whopping 156.65 times. The Rs 810 crore initial public offer received bids for 11,66,93,73,500 shares against 7,44,91,524 shares on offer.

In Burger King India Limited IPO, the retail individual investors segment was subscribed 68.15 times while qualified institutional buyers category was subscribed 86.64 times and non institutional investors 354.11 times.

The price range for the offer was fixed at Rs 59-60 piece and the lot size was 250 shares. Minimum application money for retail investors at the upper price band per lot is Rs. 15,000. Retail investors could bid for a maximum of 13 lots.

Burger King India Limited IPO are expected to be listed on December 14.

Friday, December 4, 2020

Burger King India Limited IPO subscribed 156.65 times and Retail part subscribed 68.15 times on Last day

The initial public offer (IPO) of Burger King India Limited subscribed 156.65 times on Friday the last day of the offering data from stock exchanges show.

Burger King India Limited had set a price band of Rs 59-60 per share and the IPO closed on 04th December.

The portion of shares reserved for Qualified institutional investors was subscribed 86.64 times, shares reserved for Non Institutional Investors was subscribed 354.11 times and shares reserved for retail investors was subscribed 68.15 times.


Detail of Burger King India Limited IPO :

Burger King is the India's fastest growing quick service restaurant chains. QSR Asia Pte. Ltd is the promoter of the company. It is the second largest fast food burger brand with having 216 Burger-King restaurants and 8 Sub-Franchised Burger King restaurants.It aims to cater to the Indian tastes and preferences through adding new food offerings to its product portfolio. Company establishes its branches in high traffic areas in key metropolitan areas and cities across the country.


Issue Size  - 135,000,000 Eq Shares of Rs 10 (aggregating up to Rs 810 Cr) 

Fresh Issue - 75,000,000 Eq Shares of Rs 10 (aggregating up to Rs 450 Cr) 

Offer for Sale - 60,000,000 Eq Shares of Rs 10 (aggregating up to Rs 360 Cr)

IPO Price - Rs  59 to Rs 60 per equity share

Market Lot - 250 Shares ( Min Order quantity )

Maximum Order Quantity for Retail  -  130 Shares (  13 Lots )

Finalisation of Basis of Allotment - Dec 09, 2020

Initiation of Refunds - Dec 10, 2020

Credit of Shares to Demat Account - Dec 11, 2020

IPO Shares Listing Date - Dec 14, 2020

Tuesday, November 24, 2020

Stock Market Trade Setup for November 25 : Things to know

On November 24, BSE Sensex rose 445.87 points to 44,523.02, and the Nifty50 gained 128.70 points at 13,055.15 and formed a bullish view on daily chart. Nifty reached first time above 13,000 mark. Most action was seen in banks, realty, auto, realty, finance, and healthcare stocks while some profit-taking was seen in the telecom index. Adani Ports, Axis Bank, HDFC Bank, Eicher Motor and Hindalco were among major gainers on the Nifty, while losers included Titan, HDFC, BPCL, Nestle and GAIL.

According to pivot charts, Pivot point for market is 13,037.42. The key support levels for the Nifty is placed at 12,995.73, followed by 12,936.32. If the index moves up, the key resistance levels to watch out for are 13,096.83 and 13,138.52.

Day High - 13,079.10         Day Low - 12,978.00            Market Close - 13,055.15

Pivot Point = (13,055.15+13,079.10+12,978.00)/3 = 13,037.42
Support 1 = 2*13,037.42-13,079.10 = 12,995.73
Support 2 = 13,037.42- (13,079.10-12,978.00) = 12,936.32
Resistance 1 = 2*13,037.42-12,978.00 = 13,096.83
Resistance 2 = 13,037.42+ (13,079.10-12,978.00) = 13,138.52

Nifty Chart
Sensex Chart

Stocks in News :

  • Visa, ICICI Bank partner to launch ‘Visa-in-a-box’ programme for fintech firms.
  • Coal India to setup 3 GW solar power projects worth Rs 5,650 crore by 2023-24.
  • Goa govt issues Rs 156 crore demand notice to JSW Steel.
  • Union Bank of India to raise Tier II capital aggregating Rs 1000 crore.
  • State Bank of India allots NCDs aggregating Rs 2500 crore.
  • Welspun Corp redeems commercial paper for Rs 20 crore.
  • Gayatri Projects receives Rs 208 crore under GoI scheme of monetisation of arbitral award.
  • Shriram Transport Finance Company allots NCDs aggregating Rs 25 crore.
  • Infosys to deploy Finacle solution suite for XacBank in Mongolia.

Monday, November 23, 2020

Stock Market Trade Setup for November 24 : Things to know

On November 23, BSE Sensex rose 194.90 points to 44,077.15, and the Nifty50 gained 67.40 points at 12,926.45. Most action was seen in IT, oil & gas, energy, healthcare while some selling pressure was seen in telecom, banks and consumer durables. ONGC, Indusind Bank, GAIL, Dr Reddy and Infosys were among major gainers on the Nifty, while losers included HDFC, Axis Bank, ICICI Bank, SBI Life and Titan.

According to pivot charts, Pivot point for market is 12,907.00. The key support levels for the Nifty is placed at 12,845.15, followed by 12,763.85. If the index moves up, the key resistance levels to watch out for are 12,988.30 and 13,050.15.

Day High - 12,968.85         Day Low - 12,825.70            Market Close - 12,926.45

Pivot Point = (12,926.45+12,968.85+12,825.70)/3 = 12,907.00
Support 1 = 2*12,907.00-12,968.85 = 12,845.15
Support 2 = 12,907.00- (12,968.85-12,825.70) = 12,763.85
Resistance 1 = 2*12,907.00-12,825.70 = 12,988.30
Resistance 2 = 12,907.00+ (12,968.85-12,825.70) = 13,050.15

Nifty Chart
Sensex Chart

Stocks in News :
  • Max Estate to invest Rs 400 crore in new commercial project in Noida.
  • Tata Group, Singapore Airlines infuse Rs 585 crore in Vistara.
  • Strides Pharma Science gets USFDA nod for Prednisone tablets.
  • Coal India board approves hike of non-coking coal price by Rs 10 per tonne from next month.
  • BEML receives variation order from DMRC valued at Rs 501 crore.
  • Biocon to acquire 26% stake in Hinduja Renewables Two.
  • Ircon awarded orders of Rs 723 crore by NCRTC.

Sunday, November 22, 2020

Stock Market Trade Setup for November 23 : Things to know

On November 20, BSE Sensex rose 282.29 points to 43,882.25, and the Nifty50 gained 87.30 points at 12,859.05 after surging 10 percent in the previous two weeks. The real action was in broader markets last week as the Nifty Midcap index climbed 2.8 percent and Smallcap gained 1.5 percent. 

Bajaj Finserv, Titan , Gail, Bajaj Finance and Bharti Airtel were among major gainers on the Nifty, while losers included Reiliance, Adani Ports, Axis Bank, Indusind Bank, and Sun Pharma on 20th November.

According to pivot charts, Pivot point for market is 12,827.25. The key support levels for the Nifty is placed at 12,762.05, followed by 12,665.05. If the index moves up, the key resistance levels to watch out for are 12,924.25 and 12,989.45.

Day High - 12,892.45         Day Low - 12,730.25            Market Close - 12,859.05

Pivot Point = (12,859.05+12,892.45+12,730.25)/3 = 12,827.25
Support 1 = 2*12,827.25-12,892.45 = 12,762.05
Support 2 = 12,827.25- (12,892.45-12,730.25) = 12,665.05
Resistance 1 = 2*12,827.25-12,730.25 = 12,924.25
Resistance 2 = 12,827.25+ (12,892.45-12,730.25) = 12,989.45

Nifty Chart
Sensex Chart

Stocks in News :
  • Sical Logistics defaults on Rs281cr loan and interest to lenders.
  • Relaxo Footwears to set up new facility at Rs150cr investment this fiscal.
  • IOB expects resolution of NPAs worth Rs18,000cr in 2nd half of FY21.
  • Bharti Airtel to acquire 5.2% stake in Avaada MHBuldhana for Rs 4.55 crore.
  • Suzlon Energy allots 3.18 cr equity shares on conversion of bonds.
  • South Indian Bank acquires 6.67% stake in IBBIC.
  • Glenmark Pharmaceuticals issues notice for optional redemption of USD 200 mn 4.5% Senior Notes due 2021.
  • Private Trains: L&T, GMR Among 102 Applicants Qualified In First Stage.

Thursday, November 19, 2020

Stock Market Trade Setup for November 20 : Things to know

On November 19, BSE Sensex was down 580.09 points to close at 43,599.96, while the Nifty50 lost 166.60 points to 12,771.70, formed a bearish candle on daily chart and market closed in the red after six consecutive green session. Most selling pressure was visible in banks, finance, telecom, realty and metal stocks while some action was seen in consumer durables, power, and FMCG stocks. Power Grid, ITC, NTPC, Coal India and Tata Steel were among major gainers on the Nifty, while losers included SBI, Axis Bank, ICICI Bank, Tata Motors and JSW steel.

According to pivot charts, Pivot point for market is 12,826.82. The key support levels for the Nifty is placed at 12,690.63, followed by 12,609.57. If the index moves up, the key resistance levels to watch out for are 12,907.88 and 13,044.07.

Day High - 12,963.00         Day Low - 12,745.75            Market Close - 12,771.70

Pivot Point = (12,771.70+12,963.00+12,745.75)/3= 12,826.82
Support 1 = 2*12,826.82-12,963.00 = 12,690.63
Support 2 = 12,826.82- (12,963.00-12,745.75) = 12,609.57
Resistance 1 = 2*12,826.82-12,745.75 = 12,907.88
Resistance 2 = 12,826.82+ (12,963.00-12,745.75) = 13,044.07

Nifty Chart
Sensex Chart


Stocks in News :

  • Nestle India on track to deliver 11th straight quarter of double-digit growth, says CMD Suresh Narayanan.
  • Adani has no guaranteed buyer for $6 billion Indian solar project.
  • L&T bags over Rs 7,000 crore order to construct part of Mumbai-Ahmedabad bullet train project.
  • Wipro fixes December 11 as record date for buyback.
  • Reliance Retail Ventures concludes fund raise of Rs 47,265 cr for 10.09% stake.
  • Wipro selected as Dow Jones Sustainability World Index (DJSI) Member.
  • Birlasoft to serve as implementation partner for Eskers P2P and O2C solutions.
  • Infosys wins TM Forum Excellence Award for its digital transformation work with Vodafone UK.

Wednesday, November 18, 2020

Stock Market Trade Setup for November 19 : Things to know

On November 18, BSE Sensex was up 227.34 points to close at 44,180.05, while the Nifty50 gained 64.05 points to 12,938.25, formed a bullish candle on daily chart and market closed in the green for the sixth consecutive day. Sensex closed first time at above 44,000. The Nifty Auto and Nifty PSU Bank indices jumped 3 percent each. Nifty Bank Index rose 1 percent, while Nifty FMCG index shed 1 percent. BSE Auto and Capital Goods indices gained 3 percent each, while BSE Bank rose 2 percent and Power index gained 1 percent each. However, BSE IT and FMCG indices shed 1 percent each. M&M, Tata Motors, Bajaj Finserv, L&T and IndusInd Bank were among major gainers on the Nifty, while losers included BPCL, HUL, Dr Reddy’s Labs, TCS and Titan Company.

According to pivot charts, Pivot point for market is 12,902.15. The key support levels for the Nifty is placed at 12,855.45, followed by 12,772.65. If the index moves up, the key resistance levels to watch out for are 12,984.95 and 13,031.65.

Day High - 12,948.85         Day Low - 12,819.35            Market Close - 12,938.25

Pivot Point = (12,938.25+12,948.85+12,819.35)/3 = 12,902.15
Support 1 = 2*12,902.15-12,948.85 = 12,855.45
Support 2 = 12,902.15- (12,948.85-12,819.35) = 12,772.65
Resistance 1 = 2*12,902.15-12,819.35 = 12,984.95
Resistance 2 = 12,902.15+ (12,948.85-12,819.35) = 13,031.65

Nifty Chart
Sensex Chart

Stocks in News :

  • Vedanta puts in expression of interest to buy govt stake in BPCL.
  • Cipla enters pact with Belgium-based Multi-G to distribute 10-minute COVID-19 antibody test kit.
  • Bombay Rayon Q2 Net Sales at Rs 20.00 crore, down 81.63%.
  • Khaitan Q2 Net Sales at Rs 10.50 crore, down 19.32%.
  • Kothari Product Q2 Net Sales at Rs 626.00 crore, down 41.1%.
  • JIM Q2 Net Sales at Rs 0.32 crore, up 408.08%.
  • Cyber Media Q2 Net Sales at Rs 8.09 crore, down 19.59%.
  • R Systems Intl Q2 Net Sales at Rs 224.30 crore, up 13.63%.
  • SIL Invest Q2 Net Sales at Rs 4.14 crore, down 61.49%.
  • Sayaji Hotels Q2 Net Sales at Rs 7.57 crore, down 82.11%.
  • Media Matrix Q2 Net Sales at Rs 444.05 crore, up 361.71%.
  • Satin Credit Q2 Net Sales at Rs 313.16 crore, down 9.19%.
  • Rajesh Exports Q2 Net Sales at Rs 317.15 crore, down 97.55%.

Tuesday, November 17, 2020

Stock Market Trade Setup for November 18 : Things to know

On November 17, BSE Sensex was up 314.73 points to close at 43,952.71, while the Nifty50 gained 93.95 points to 12,874.20, formed a small body bearish candle on daily chart and market closed in the green for the fifth consecutive day. Most action was seen in industrials, metals, capital goods, banks, and realty stocks. The top gainers on the Nifty included Tata Motors, Tata Steel, HDFC life, SBI, Adaniports and top losers are BPCL, Hero Motor, NTPC, IOC and ONGC.

According to pivot charts, Pivot point for market is 12,868.45. The key support levels for the Nifty is placed at 12,802.85, followed by 12,731.50. If the index moves up, the key resistance levels to watch out for are 12,939.80 and 13,005.40.

Day High - 12,934.05         Day Low - 12,797.10            Market Close - 12,874.20

Pivot Point = (12,874.20+12,934.05+12,797.10)/3 = 12,868.45
Support 1 = 2*12,868.45-12,934.05 = 12,802.85
Support 2 = 12,868.45- (12,934.05-12,797.10) = 12,731.50
Resistance 1 = 2*12,868.45-12,797.10 = 12,939.80
Resistance 2 = 12,868.45+ (12,934.05-12,797.10) = 13,005.40


Nifty Chart

Sensex Chart

Stocks in News :

  • Insurtech platform Turtlemint raises $30 million in funding led by GGV Capital.
  • NSE Academy acquires technology education firm TalentSprint.
  • TCS to build investment insights solution for capital markets industry.
  • Kris Gopalakrishnan appointed first chairperson of Reserve Bank Innovation Hub.
  • M&M to manufacture K2 tractor series in Telangana.
  • Govt places Lakshmi Vilas Bank under moratorium till December 16, imposes Rs 25,000 withdrawal limit and RBI says Lakshmi Vilas Bank to merge with DBS Bank.
  • State Bank of India is set to offer a Rs 5,000 crore loan to Adani Enterprises Ltd's Australian mining company, now renamed Bravus Mining & Resources.
  • Fortis Healthcare today announced that Dr Bishnu Panigrahi has re-joined the company as Group Head, Medical Strategy and Operations.

Sunday, November 15, 2020

Stock Market Trade Setup for November 17 : Things to know

Last Week, BSE Sensex was up 1745 points to close at 43,637.98, while the Nifty50 gained 516.70 points to 12,780.30, formed a bullish candle on weekly chart and market closed in green position. Most action was seen across sectors barring IT which ended third of a percent higher, while other sectors gained 1-8 percent during the week. On 14th Nov, the top gainers on the Nifty included BPCL, IOC, Tata Motors, HDFC Life, Sun Pharma and top losers are Hindalco, Hero Motor, JSW steel, SBI and Bajaj Finanace.

According to pivot charts, Pivot point for market is 12,786.15. The key support levels for the Nifty is placed at 12,743.60, followed by 12,706.90. If the index moves up, the key resistance levels to watch out for are 12,822.85 and 12,865.40.

Day High - 12,828.70         Day Low - 12,749.45            Market Close - 12,780.30

Pivot Point = (12,780.30+12,828.70+12,749.45)/3 = 12,786.15
Support 1 = 2*12,786.15-12,828.70 = 12,743.60
Support 2 = 12,786.15- (12,828.70-12,749.45) = 12,706.90
Resistance 1 = 2*12,786.15-12,749.45 = 12,822.85
Resistance 2 = 12,786.15+ (12,828.70-12,749.45) = 12,865.40


NIFTY CHART FOR 13 AND 14 NOV

SENSEX CHART FOR 13 AND 14 NOV

Stocks in News :

  • NCLT approves Rs 103 crore resolution plan for NIIL Infrastructures.
  • Escorts plans to raise annual tractor production capacity to 1.8 lakh units.
  • ONGC books Rs 1,238 crore impairment loss, Q2 net profit down 55%.
  • Reliance buys furniture retailer Urban Ladder for Rs 182 crore.
  • Gold imports dip 47% in April-October to $9.28 billion.
  • Prestige Group's Q2 sales booking up 9% at Rs 1,123 crore despite slowdown in property market.
  • Toyota Kirloskar logs 12% increase in retail sales on Dhanteras.
  • GIC Re posts Rs 230 crore net profit for September quarter.
  • Indiabulls Real Estate posts Rs 76 crore net loss in September quarter.
  • Satin Creditcare Q2 net drops 70% to Rs 16 crore.