Stock Market Trade setup for 1st September : Things to know

Today, BSE Sensex corrected 839.02 points to 38628.29, and NSE Nifty corrected 260.1 points to 11387.50. In first hour of morning, market formed a bullish chart but after reports came on India-China border, market fell sharply and formed a high level of bearish line.

According to pivot charts, the key support levels for the Nifty is placed at 11210.80, followed by 11034.10. If the index moves up, the key resistance levels to watch out for are 11679.20 and 11970.90.

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Stocks in the news :

• Aditya Birla Sun Life AMC raised stake in Century Textiles to 5.23 percent from 4.94 percent earlier.
• Bharat Dynamics Q1 loss is Rs 78 crore and revenue is Rs 31.4 crore.
• Asia Investment Corporation (Mauritius) reduced stake in JVL Agro Industries to 3.01 percent from 5.03 percent earlier.
• Zensar Technologies received US patent for its innovative tool enabling direct conversation with the organisation's leadership - ZenVerse.
• JB Chemicals & Pharmaceuticals company Promoters sold 48,54,667 shares of company to Tau Investment Holdings, Singapore.
• BEML bagged Rs 842 crore order from the Ministry of Defence.

Oil and Natural Gas Corporation (ONGC), Anant Raj, Shalimar Paints etc will announce results on 1st September.

Stock Market Trade setup for 31st August : Things to know

The index gained 2.43% last week. On 28th August, BSE Sensex climbed 353.84 points to 39467.31 and Nifty50 reached 88.30 points high to 11647.60, the highest level since 26th Feb.

According to pivot charts, the key support levels for the Nifty is placed at 11596, followed by 11544.4. If the index moves up, the key resistance levels to watch out for are 11692.6 and 11737.6.

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Stocks in the news :

• Reliance Retail to acquire retail & wholesale and the logistics & warehousing business of the Future Group for Rs 24,713 crore.
• Vishwavir Ahuja, MD & CEO of RBL bank sold 18,92,900 shares of RBL Bank on 27th & 28th of August, 2020 for approximately Rs 38.52 crore.
• Paramount communications consolidated revenue for Q1FY21 stood at Rs 85.83 crore and net loss at Rs 1.6 crore.
• RITES company announced final dividend of Rs 6 per share in addition to already paid interim dividend of Rs 10 per share.
• Board of directors of ITC will meet on September 4 to consider amalgamating three subsidiaries (Sunrise Foods, Hobbits International Foods and Sunrise Sheetgrah) with itself.

Arvind, Bharat Dynamics, BF Utilities, BPL, Dredging Corporation of India, GMDC, Indosolar, JK Cement, Morepen Laboratories, NHPC, Shree Renuka Sugars, Sadbhav Infrastructure Project, Spandana Sphoorty Financial, Speciality Restaurants, Tera Software, Technocraft Industries etc will announce results on 31st August.

Sovereign Gold Bond (SGB) will be opened for subscription at Rs 5067/gm for period August 31 to Sep 04, 2020.

Sovereign Gold Bond (SGB) next tranche will be opened for subscription for period August 31 to Sep 04, 2020. 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 5067/gm for electronic application ( Rs 5117/gm for physical application).

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 foy 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.

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

Stock Market Trade setup for 28th August : Things to know

Today, Sensex closed 39.55 points higher at 39113.47and the Nifty settled at 11559.25 up 9.65 points. Stock market managed to end on little high despite a good gain in first half. 

According to pivot charts, the key support levels for the Nifty is placed at 11527.43 followed by 11495.67. If the index moves up, the key resistance levels to watch out for are 11604.13 and 11649.07.

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Stocks in the news :

• NMDC company reported a 55 percent decline in Q1 FY21 PAT at Rs 533 crore and revenue fell almost 41 percent to Rs 1,937.50 crore.
• GMR Infrastructure net loss for the June quarter more than 834 crore.
• PNC Infratech Q1 consolidated PAT declined 48 percent to Rs 92 crore and revenue declined 28 percent to Rs 1,093 crore.
• Mahindra & Mahindra company announced the introduction of the marazzo with BS-VI technology.

Centum Electronics, GP Petroleums, Industrial Investment Trust, Inox Wind, Khadim India, Kohinoor Foods, Magnum Ventures, SJVN, Polytex India etc will anounce results on 28th August.

Stock Market Trade setup for 27th August : Things to know

Today, Sensex closed 230.04 points higher at 39073.92 and the Nifty settled at 11549.60 up 77.35 points. Stock market managed to end with good gains despite a bearish first half. 

According to pivot charts, the key support levels for the Nifty is placed at 11487 followed by 11424.40. If the index moves up, the key resistance levels to watch out for are 11587 and 11624.40.

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Stocks in the news :

• Jindal Stainless board has approved raising funds up to Rs 162.80 crore.
• Mishtann Foods Q1 revenue from operation at Rs 26.98 crore and net profit came in near Rs 10 lakh.
• Ansal Housing Q1 revenue from operations stood at Rs 24.62 crore and loss of Rs 4.16 crore.
• Gillette India net profit fell to Rs 44.97 crore and total income declined to Rs 352.74 crore.
• Allcargo Logistics board of directors approve the voluntary delisting of shares.
• Hindustan Aeronautic will sell up to 15 percent stake in the stock through an OFS. The floor price for the offer has been fixed at Rs 1,001 per equity share.

Edelweiss Financial Services, NMDC, ARSS Infrastructure Projects, Avanti Feeds, BFL Asset Finvest, Chennai Ferrous Industries, Gayatri Projects, GMR Infrastructure, ICRA, IDFC, PNC Infratech etc will anounce results on 27th August.

Stock Market Trade setup for 26th August : Things to know

Today, Sensex closed 44.80 points higher at 38843.88 and the Nifty settled at 11472.25, up 5.80 points. Stock market ended almost flat due to profit-booking in select heavy weights amid mixed asian cues.

According to pivot charts, the key support level for the Nifty is placed at 11421.7, followed by 11371.2. If the index moves up, the key resistance levels to watch out for are 11524.3 and 11576.4.

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Stocks in the news :

• Moody's Investors Service has downgraded State Bank of India's standalone profile to BA2 from BA1 saying it sees the bank's asset quality and profitability deteriorating.
• Indokem Q1 income from operations is Rs 9.47 crore and profit from continued operations is Rs 6 lakh.
• Adhunik Industries Q1 revenue from operations is Rs 72.56 crore and profit is Rs 34 lakh.
• IRCON International Q1 consolidated revenue is Rs 526.87 crore and net profit is Rs 34.46 crore.
• Can Fin Homes Q1 total income is Rs 522.5 crore and net profit is Rs 93.16 crore.
• IL&FS Transportation Networks defaulted on interest payment on non-convertible debentures.
• Kalpataru Power Transmission Subsidiary JMC Projects secured new orders worth Rs 554 crore.

Agarwal Industrial Corporation, Ansal Housing, Cupid, DCM, Gillette India, Indraprastha Gas, Minda Finance, NACL Industries, Sharda Motor Industries, Shree Metalloys, Superb Papers etc will anounce results on 26th august.

STOCK MARKET TRADE SETUP FOR 25TH AUGUST 2020

Today, Sensex closed 364.36 points higher at 38799.08 and the Nifty settled at 11466.45, up 94.85 points.The Indian stock market ended in the green with tracking positive global cues.

According to pivot charts, the key support level for the Nifty is placed at 11419.07, followed by 11371.63. If the index moves up, the key resistance levels to watch out for are 11505.57 and 11544.63.

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Stocks in the news :

• Axis Bank proposed to acquire 17 percent share of Max Life.
• Wipro announced a partnership with a standard initial margin model vendor, Quaternion Risk Management to offer standard initial margin model-in-a-box to financial institutions covered under uncleared margin rules.
• IRB Infrastructure Developers Q1 loss is Rs 30.14 crore and revenue from operations is Rs 1,022.3 crore.
• NOCIL Q1 profit is Rs 11.95 crore and revenue from operations is Rs 106.51 crore.

Atul Auto, Can Fin Homes, IRCON International, Jyoti Resins and Adhesives, Kirloskar Electric Company, Phillips Carbon Black, Ruchira Papers, Panache Innovations, Goodluck India will anounce result on 25th august.

Stock Market Trade setup for 24th August : Things to know

On 21st August, Sensex gained 214.33 points to close at 38434.72 and Nifty50 reached 59.40 points to 11371.60, formed bearish candle on the daily charts as its closing level was lower than opening level. 

According to pivot charts, the key support level for the Nifty is placed at 11349.7, followed by 11327.8. If the index moves up, the key resistance levels to watch out for are 11406 and 11440.4.

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Stocks in the news :

• Indiabulls Housing Finance Q1 Profit is Rs 272.8 crore and revenue is Rs 2,574.6 crore.
• SMS Lifesciences Q1 Profit is Rs 2.48 crore and revenue is Rs 54.7 crore.
• Rossari Biotech Q1 Profit is Rs 15.5 crore and revenue is Rs 109.5 crore.
• AGC Networks Q1 Profit is Rs 4.33 crore and revenue is Rs 993.86 crore.
• Genus Paper & Boards Q1 Loss is Rs 5.48 crore and revenue is Rs 31.35 crore.
• Union Bank of India Q1 Profit is Rs 332.74 crore and NII is Rs 6,403.2 crore.

LIC Housing Finance, IRB Infrastructure Developers, Globus Spirits, Indraprastha Medical Corporation, Ingersoll-Rand India, NOCIL, Parabolic Drugs, Suzlon Energy etc will announce result on 24th August.

Stock Market Trade setup for 21st August : Things to know

Today, BSE Sensex dropped 394.40 points to close at 38,220.39, while NSE Nifty50 declined 96.20 points to 11,312.20 and formed a bearish candle.Stock market got loss after  three days gains and closed at around 1% low level.

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Stocks in the news :

• Wipro company set up blockchain-based gas trading platform for Uniper Global Commodities.
• Indian Overseas Bank Q1 Profit at Rs 120.69 crore and NII at Rs 1,412.32 crore.
• HealthCare Global Enterprises Q1 Loss at Rs 45.61 crore and revenue at Rs 193.46 crore.
• J Kumar Infraprojects Q1 Loss at Rs 20.81 crore and revenue at Rs 285.25 crore.
• MOIL Q1 Profit at Rs 1.88 crore and revenue at Rs 152.3 crore.

Punjab National Bank, Union Bank of India, Oil India, Indiabulls Housing Finance, Genus Paper & Boards, Harrisons Malayalam, Rossari Biotech, SMS Lifesciences, Suprajit Engineering, Venus Remedies etc. will announce their results on 21st August.

Stock Market Trade setup for 20th August : Things to know

Today, BSE Sensex climbed 86.47 points to 38614.79 and the NSE Nifty reached 23.05 points to 11408.40, formed a bullish candle.Stock market extended gains for third day and closed at the highest level since last six month despite mixed global cues.

TODAY NSE NIFTY50 CHART

TODAY BSE SENSEX CHART

Key support and resistance levels on the Nifty

According to pivot charts, the key support level for the Nifty is placed at 11,381.57, followed by 11,354.73. If the index moves up, the key resistance levels to watch out for are 11,447.77 and 11,487.13.

Stocks in the news

• Ajey Kumar resigned as Managing Director from Zee Learn.
• L&T Finance Holdings board approved raising up to Rs 200 crore via non-convertible debentures.
• Sobha company promoter group Ravi PNC Menon and persons acting in consort (PACs) raised stake in company to 3.28 percent from 3.27 percent earlier.
• Ramky Infrastructure Q1 loss at Rs 61.96 crore and revenue at Rs 238 crore.
• Ruchi Soya Industries Q1 profit at Rs 12.3 crore and revenue at Rs 3,043 crore.
• Sunflag Iron & Steel promotor Veena Ravi Bhushan Bhardwaj acquired 10,62,050 equity shares in the company and increasing stake to 1.99 percent.
• PNB Housing Finance board approved raising up to Rs 1,800 crore equity capital.

HealthCare Global Enterprises, MOIL, Indian Overseas Bank, Accelya Solutions India, Foods & Inns, IRB InvIT Fund, Madhucon Projects, McDowell Holdings, Metalyst Forgings, Sheela Foam, Valecha Engineering etc will announce result earnings on 20th August.

Stock Market Trade Tips for 19th August : Things to know

Today, BSE Sensex climbed 477.54 points to 38,528.32 and the NSE Nifty reached 138.3 points to 11,385.4, formed a bullish candle.Stock market extended gains for second session and closed at the highest level since last six month despite mixed global cues.

                                         SENSEX - 30 STOCKS

Key support and resistance levels on NSE Nifty

According to pivot charts, the key support level for the Nifty is placed at 11,291.77, followed by 11,198.23. If the index moves up, the key resistance levels to watch out for are 11,440.27 and 11,495.23.

Stocks in the news :

• Zee Entertainment Enterprises Q1 profit at Rs 30.4 crore and revenue at Rs 1,312 crore.
• Hindustan Aeronautics Q1 profit at Rs 1,226 crore and revenue at Rs 10,239 crore.
• GTL Infrastructure Q1 loss at Rs 208.41 crore and revenue at Rs 343.71 crore.
• Ajanta Pharma promoter Ravi Agrawal and Trustee Ravi Agrawal Trust has de-pledged additional 240,000 shares.

CSB Bank, Muthoot Finance, Asian Granito India, GKB Ophthalmics, Globus Spirits, Kennametal India, Ramky Infrastructure, Ruchi Soya Industries, V2 Retail, etc will announce their quarterly results on 19th August.

Stock Market Trade Tips for 18th August : Things to know

Today, Sensex closed at 38,050.78 points and Nifty reached at 11,247.1.Stock market rebounded last week losses with the Nifty gaining 0.6% on 17th August backed by auto, FMCG, IT, metals and banks stocks.

According to pivot charts, the key support level for the Nifty is placed at 11,172.03 followed by 11,096.97. If the index moves up, the key resistance levels to watch out for are 11,294.63 and 11,342.17.

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Stocks in the news :

Bandhan Bank : RBI lifted regulatory restrictions on the remuneration of the bank's Managing Director and CEO.

Paisalo Digital : will consider raising funds through various options, including issue of debt securities by private placement.

Jump Networks : will grow its proprietary blockchain platform across India by partnering, investing and generate a revenue of over Rs 1,000 crore.

Bharti Airtel : Commercial papers issued on May 18 have been paid by the company on August 17.

Orient Paper & Industries : Q1 loss at Rs 17.4 crore and revenue at Rs 80.6 crore.

Results on 18th August :

HAL, Gujarat Industries Power, GTL Infrastructure, Indo Count Industries, KNR Constructions, SPML Infra, TCNS Clothing, Vascon Engineers etc

Stock Market Trade Tips for 17th August : Things to know

In last trading session, Sensex closed 433 points lower at 37,877.34 and the Nifty ended at 11,178.40, down 122 points. Indices got the red mark in the week gone by due to profit-booking amid mixed global reasons.

According to pivot charts, the key support level for the Nifty is placed at 11,071.2, followed by 10,964. If the index moves up, the key resistance levels to watch out for are 11,325.9 and 11,473.4

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Stocks in the news :

Fortis Healthcare Q1: Loss at Rs 187.9 crore and revenue at Rs 605.9 crore.

Sun TV Network Q1: Profit at Rs 282.8 crore and revenue at Rs 606.1 crore.

Berger Paints Q1: Profit at Rs 15.1 crore and revenue at Rs 930.8 crore.

NLC India: Company issued Commercial Paper of Rs 1,000 crore in favour of SBI Mutual Fund.

Borosil Q1: Loss at Rs 7.4 crore and  revenue at Rs 56 crore.

Jindal Steel & Power: SBICAP Trustee Company increased its stake in the company to 8.47 percent from 4.23 percent earlier.

Results on 17th August :

Petronet LNG, Can Fin Homes, Lux Industries, Orient Paper, Sical Logistics, Suven Pharma etc.

Stock Market Trade Tips for 14th August : Things to know

Today, Sensex closed 59 points lower at 38,310.49 and the Nifty ended at 11,300.45, with a loss of 8 points. Stock market opened in the green but failed to hold to their gains and ended in the red.

According to pivot charts, the key support level for the Nifty is placed at 11,260.57, followed by 11,220.63. If the index moves up, the key resistance levels to watch out for are 11,349.87 and 11,399.23.

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Stocks in the news :

BPCL: Q1 net profit stood at Rs 2,076 crore on account of operating income.

Eicher Motors: Q1 loss at Rs 55.2 crore and revenue at Rs 818.2 crore.

City Union Bank: Q1 profit at Rs 154.3 crore and net interest income at Rs 437 crore.

Redington: Q1 profit at Rs 99 crore and revenue at Rs 10,697.1 crore.

InterGlobe Aviation: IndiGo July passenger load factor stood at 60.2 percent and market share at 60.4 percent.

Praj Industries: Q1 loss at Rs 10.5 crore and revenue at Rs 129.5 crore.

Results on 14th August :

Hindalco Industries, NTPC, Glenmark Pharmaceuticals, Berger Paints, Borosil, Clariant Chemicals, Dilip Buildcon, Emkay Global, Finolex Cables, Fortis Healthcare, Greenply Industries, IIFL Wealth Management, Indian Bank, MRF, Nagarjuna Fertilizers, New India Assurance Company, Ramco Cements, United Breweries, Varroc Engineering, Voltas, VRL Logistics etc.

Stock Market Trade Tips for 13th August : Things to know

Today, Sensex closed 37 points lower at 38,369.63 and the Nifty ended at 11,308.40 with a loss of 14 points. Stock market witnessed profit-booking as the Nifty snapped its six-day winning streak while the Sensex closed with minor losses after four days of gains.

According to pivot charts, the key support level for the Nifty is placed at 11,260.07, followed by 11,211.73. If the index moves up, the key resistance levels to watch out for are 11,339.37 and 11,370.33.

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Stocks in the news :

Tata Power: Q1 profit at Rs 268.1 crore and revenue at Rs 6,453 crore.

Thermax: Q1 loss at Rs 15.3 crore and revenue at Rs 664.9 crore.

NCC: Q1 profit at Rs 16.9 crore and revenue at Rs 1,178.8 crore.

Aster DM Healthcare: Q1 loss at Rs 82.9 crore and revenue at Rs 1,760.6 crore.

Fine Organic Industries: Q1 profit at Rs 28.7 crore and revenue at Rs 240 crore.

Results on 13th August :

Eicher Motors, Bharat Petroleum Corporation, Hero MotoCorp, Tata Steel, GAIL India, Apollo Tubes, Balkrishna Industries, City Union Bank, Endurance Technologies, Engineers India, Godrej Industries, Grasim Industries, Greaves Cotton, Garden Reach Shipbuilders & Engineers, Kirloskar Industries, PFC, Sandhar Technologies, Shankara Building Products, Shriram Transport Finance, TTK Healthcare etc.

Stock Market Trade Tips for 12th August : Things to know

The Sensex closed 225 points higher at 38,407.01 and the Nifty ended at 11,322.50, with a gain of 52 points.Stock market continued to trade in the positive way, today with the Nifty logging gains for the sixth consecutive session and Sensex rising for the fourth session.

According to pivot charts, the key support level for the Nifty is placed at 11,289.93, followed by 11,257.37. If the index moves up, the key resistance levels to watch out for are 11,364.33 and 11,406.17.

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Stocks in the news :

Inox Leisure: Inox Benefit Trust offloaded its entire 4.23 percent equity stake in Inox Leisure on August 11 via open market transaction.

Adani Ports: Q1 profit at Rs 757.8 crore and revenue at Rs 2,292.7 crore.

Gujarat Alkalies and Chemicals: Q1 profit at Rs 31.8 crore and revenue at Rs 469.6 crore.

Godawari Power & Ispat: Q1 profit at Rs 46.49 crore and revenue at Rs 711.3 crore.

Star Cement: Q1 profit at Rs 43.3 crore and revenue at Rs 292 crore.

Results on 12th August :

Aurobindo Pharma, Bharat Forge, Ashok Leyland, Tata Power, Aarti Industries, Aster DM Healthcare, Balaji Amines, Century Plyboards, Cummins India, eClerx Services, Graphite India, GSFC, Gulf Oil Lubricants, Kalpataru Power Transmission, Natco Pharma, NCC, Transport Corporation of India, etc.