Stock Market Trade Setup for 24th September : Things to know

Today, BSE Sensex corrected 65.66 points to close at 37668.42 while NSE Nifty fell 21.80 points to 11131.85 formed a bearish candle on the daily charts. Stock markets fell for the 5th consecutive day in a row but a mild recovery seen in the second half of the trading session.

According to pivot charts, Pivot point for market is 11138.60. The key support levels for the Nifty are placed at 11017.65, followed by 10903.45. If the index moves up, the key resistance levels to watch out for are 11252.80 and 11373.75.

Day High - 11259.55     Day Low - 11,024.40       Market Close - 11131.85

Pivot Point = (11131.85+11259.55+11024.40) = 11138.60

Support 1 = 2*11138.60-11259.55 = 11017.65

Support 2 = 11138.60- (11259.55-11024.40) = 10903.45

Resistance 1 = 2*11138.60-11024.40 = 11252.80

Resistance 2 = 11138.60+ (11259.55-11024.40) = 11373.75

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News :

• Ircon International wins contracts worth over Rs 40 million from Railways.
• NIIT venture StackRoute™ launches data engineering programs.
• Hester acquires technology to develop Brucella Abortus S19 Delta Per vaccine.
• Tech Mahindra collaborate with Rakuten Mobile lnc., a Rakuten Group company for responsible of mobile communications.
• IT solutions provider Mphasis on Wednesday announced a strategic partnership with US-based fintech startup Upswot.
• Lupin has allotted 86297 fully paid-up equity shares of s 2/- each. These shares have been allotted upon exercising of options granted to the employees under Stock option plans of the Company.
• Sequent Scientific Limited has entered into a definitive agreement with Huseyin Aydin for the acquisition of 40% stake from him in Provet Veteriner Urunleri San.
• Oracle Financial Services Software allots 9368 equity shares under ESOS.
• Sun Pharma gains 2% on launching psoriasis drug in Japan.
• American buyout firm KKR & Co will invest Rs 5500 crore in Reliance Retail in exchange for a 1.28 percent stake.
• Computer Age Management Services Ltd IPO subscribed 46.92 times and Retail part subscribed 5.44 times on last day.
• Chemcon Speciality Chemicals Ltd IPO subscribed 148.86 times and Retail part subscribed 40.27 times on last day.
• UTI AMC IPO opens on Sep 29, 2020 and closes on Oct 01, 2020.
• MDL IPO opens on Sep 29, 2020 and closes on Oct 01, 2020.