Stock Market Trade setup for 2nd September : Things to know

Today, BSE Sensex reached 272.51 points to 38900.80 and  NSE Nifty50 climbed 82.80 points to 11470.30.Stock market got strength on 1st September after a day of major correction seen in the last couple of months.

According to pivot charts, the key support level for the Nifty is placed at 11373.57, followed by 11276.93. If the index moves up, the key resistance levels to watch out for are 11560.17 and 11650.13.

BSE SENSEX CHART

NSE NIFTY CHART

High Delivery Stocks List :

Stocks in the news :

• Coal India August provisional offtake rose to 44.3 million tonnes.

• Hero MotoCorp Sales in August 2020 jumped to 5.84 lakh units.

• NMDC total August iron ore sales at 1.79 million tonne.

• Spandana Sphoorty Financial Q1 Profit at Rs 58.93 crore and revenue at Rs 325.96 crore.

• ONGC Q1 Standalone profit at Rs 496 crore and revenue 13011.3 crore.

• Infosys increased the US hiring commitment to 25,000 by 2022.

• TVS Motor Total sales at 2.87 lakh units in August 2020 against 2.90 lakh units in August 2019.

• VST Tillers and Tractors Power Tillers sales at 2,638 units in August 2020 and Tractors at 897 units.

Coal India, Arvind Fashions, Bannari Amman Sugars, Dish TV India, Infibeam Avenues, Jubilant FoodWorks, Kernex Microsystems, Navkar Corporation, Sadbhav Engineering, Sandur Manganese, Satin Creditcare Network etc will announce results on 2nd september.