Stock Market Trade Ideas for 23rd September : Things to know

Today, BSE Sensex corrected 300.06 points to close at 37734.08 while NSE Nifty fell 96.90 points to 11153.65 formed a bearish candle on the daily charts. Most action was seen in IT space and selling action was visible in Oil & Gas, Capital Goods, Realty, Consumer etc. among others sectors.

According to pivot charts, Pivot point for market is 11180.17. The key support levels for the Nifty are placed at 11058.13, followed by 10962.62. If the index moves up, the key resistance levels to watch out for are 11275.68 and 11397.72.

Day High - 11302.20     Day Low - 11084.65       Market Close - 11153.65

Pivot Point = (11153.65+11302.20+11084.65) = 11180.17

Support 1 = 2*11180.17-11302.20 = 11058.13

Support 2 = 11180.17- (11302.20-11084.65) = 10962.62

Resistance 1 = 2*11180.17-11084.65 = 11275.68

Resistance 2 = 11180.17+ (11302.20-11084.65) = 11397.72

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News :

• Tanla Solutions allots 2.48 lakh equity shares under ESOP
• Shipping Corporation of India announced that H. K. Joshi, Chairperson & Managing Director, SCI will continue to hold the additional charge of the post of the Director (Finance).
• TCS deployed its Secure Borderless Workspaces model, enabling its workforce of over 443,000 across 46 countries to work remotely.
• Bajaj Finserv has ventured into the healthcare ecosystem with its new offering Bajaj Finserv Health.
• The Board of Anuh Pharma approved the allotment of 2,50,56,000 Equity Shares each aggregating Rs. 12,52,80,000/- issued by capitalization of reserves and distributed as fully paid-up Bonus Shares in the ratio of 1: 1 i.e. 1 (One) equity shares for every 1 (One) equity share at the closing of 21 September 2020 (Record Date).
• Indiabulls Housing Finance has decided to issue an offer to all Debenture holders for pre-mature redemption of its NCDs maturing till March 2021 for an aggregate amount of upto Rs 1000 crore, on mutually agreeable terms.
• Lupin announced the launch of Divalproex Sodium Extended-Release (ER) Tablets USP, 250 mg and 500 mg, having received an approval from the United States Food and Drug Administration (U.S. FDA) earlier.
• Blue Dart Express announced its general price increase effective 01 January 2021.
• Indian Oil Corporation announced that Vinoo Mathur, Samirendra Chatterjee, C. R. Biswal, Jagdish Kishwan, Sankar Chakraborti and D. S. Shekhawat have ceased to Independent Directors of the company with effect from 22 September 2020 consequent of their tenure.
• Vaibhav Global has allotted 43,490 Equity Shares of Rs. 10 each on 22 September, 2020 to Vaibhav Global Employee Stock Option Welfare Trust under VGL Employee Stock Option Plan (As Amended) - 2006.
• Tata Consultancy Services has expanded its partnership with Morrisons, a leading supermarket chain in the UK, through a five-year contract for application management services, data services and cyber security services.
• Strides Pharma arm gets USFDA nod for tension headache tablets.