//]]> //]]> Indian Stock Market Analysis: Stock Market Trade setup for 27th August : Things to know

Wednesday, August 26, 2020

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.


BSE SENSEX CHART


NSE NIFTY50 CHART

High Delivery Stocks List :


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.