On 17th September, BSE Sensex corrected 323 points to close at 38979.85 while NSE Nifty fell 88.45 points to 11516.10 formed a bearish candle on the daily charts and most action was seen in healthcare, and IT stocks while selling pressure was seen in realty, metal, finance, capital goods and the power index.
According to pivot charts, Pivot point for market is 11533.93. The key support levels for the Nifty are placed at 11480.67, followed by 11445.23. If the index moves up, the key resistance levels to watch out for are 11569.37 and 11622.63.
Pivot Point = (11516.10+11587.20+11498.50) = 11533.93
Support 1 = 2*11533.93-11587.20 = 11480.67
Support 2 = 11533.93- (11587.20-11498.50) = 11445.23
Resistance 1 = 2*11533.93-11498.50 = 11569.37
Resistance 2 = 11533.93 + (11587.20-11498.50) = 11622.63
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NSE NIFTY CHART |
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BSE SENSEX CHART |
Stocks in News :
- lrcon International Limited has secured railway electrification works for various routes of 2251 Route Kilo meter worth approximately Rs 1,900 crore from the Ministry of Railways, Government of India.
- Sadbhav Engineering promoter Shashin V Patel created a pledge of 1.85 percent of total paid-up equity of the company.
- L&T Construction bagged Rs 1,000-2,500 crore contracts for its metallurgical and material-handling business.
- Manksia steels has acquired 13.25 lakh shares of Manaksia Limited on September 16 through market purchase and shareholding of the company in Manaksia Limited has been increased from 4.08 percent to 6.10 percent.
- JMC Projects (India) Limited has secured new orders of approximately Rs 1,342 crore including infrastructure project in East Asia of approximately Rs 725 crore, water supply projects in Odisha totalling Rs 471 crore and building project in North India of Rs 146 crore.
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