//]]> //]]> Indian Stock Market Analysis: Stock Market Trade setup for 20th August : Things to know

Wednesday, August 19, 2020

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.