Stock Market Trade setup for 8th September : Things to know

Today, BSE Sensex gained 60.05 points to close at 38417.23 and NSE Nifty was up 21.20 points at 11355.05. Stock market formed a Doji kind of pattern on the daily charts to follow a Bearish pattern formation last week. Stock market remained volatile during whole trading session and closed higher due to global cues supported by FMCG and IT stocks.

According to pivot charts, the key support levels for the Nifty is placed at 11277.4, followed by 11199.8. If the index moves up, the key resistance levels to watch out for are 11406.9 and 11458.8.

BSE SENSEX CHART

NSE NIFTY CHART

High Delivery Stocks List :

Stocks in the news :

• EIH board approved raising up to Rs 350 crore via right issue.
• Amber Enterprises India board approved QIP issue on September 7 at a floor price of Rs 1798.72 per share.
• Rushil Decor has fixed September 11 as record date to receive Rights Entitlement in the rights issue.
• LIC cut its stake in Orissa Minerals Development Company to 11.16 percent from 13.2 percent earlier.
• Dr Reddy's Laboratories launched Fulvestrant injection in the US market.
• McNally Bharat Engineering Company Q1 loss at Rs 30.67 crore and revenue at Rs 104.95 crore.
• Parag Milk Foods Q1 profit at Rs 3.23 crore and revenue at Rs 435.6 crore.

CESC, Dishman Carbogen Amcis, Future Consumer, Jindal Stainless, Mafatlal Industries, Bal Pharma, Simplex Projects, Spencer's Retail, Texmaco Rail & Engineering among 37 stocks will announce results on  8th September.