Stock Market Trade setup for 10th September : Things to know

Today, BSE Sensex corrected 171.43 points to close at 38193.92 and NSE Nifty fell 39.35 points at 11278  and formed bearish candle on daily charts. India-China border problems, correction in global markets and delay in the COVID-19 vaccine have hit sentiment of the investors and this is the main reason of indian stock market correction.

According to pivot charts, the key support levels for the Nifty are placed at 11209.4, followed by 11140.8. If the index moves up, the key resistance levels to watch out for are 11322.4 and 11366.8.

BSE SENSEX CHART

NSE NIFTY CHART

High Delivery Stocks List :

Stocks in the news :

• DIPAM Secretary said Bharat Dynamics offer for sale concluded and received a total subscription at around 2.34 crore shares worth Rs 770 crore.
• Indiabulls Housing Finance company set floor price for QIP at Rs 206.7 per share and book building for QIP issue opened on 9th September.
• Pari Washington India Master Fund Ltd & Pari Washington Investment Fund acquired 4,709 shares in Elgi Equipments. 
• Ashapura Minechem promoter entity Ashapura Industrial Finance raised stake in the company to 14.68 percent from 14.63 percent earlier.
• Adani Power promoter entity Adani Tradeline LLP released 1 crore pledged shares.
• Adani Transmission promoters Gautam S Adani / Rajesh S Adani and Adani Tradeline LLP released a pledge on 4,49,56,300 equity shares and 94,60,000 shares respectively.
• Syngene International company received ICMR approval for HiMedia-Syngene's COVID-19 antibody test kit, ELISafe 19.

Hindustan Aeronautics, Jammu & Kashmir Bank, Bafna Pharmaceuticals, Commercial Engineers & Body Builders, Datamatics Global Services, Hindustan Copper, Jay Bharat Maruti, Jaypee Infratech, Kellton Tech Solutions, Nova Iron & Steel, Sintex Industries, SRG Housing Finance, Mandhana Retail Ventures, Visa Steel among 72 companies to announce results on 10th September.