Stock Market Trade Setup for 05th October : Things to know

On 1st October, BSE Sensex surged 629.12 points to 38697.05 while the NSE Nifty50 jumped 169.50 points to 11417 and formed a bullish candle on the daily charts. For the week, the index gained 3.3% forming a Bullish pattern on the weekly scale.

According to pivot charts, Pivot point for market is 11397.53. The key support levels for the Nifty are placed at 11366.47, followed by 11315.93. If the index moves up, the key resistance levels to watch out for are 11448.07 and 11479.13.

Day High - 11428.60     Day Low - 11347.05      Market Close - 11416.95

Pivot Point = (11416.95+11428.60+11347.05) = 11397.53

Support 1 = 2*11397.53-11428.60 = 11366.47

Support 2 = 11397.53- (11428.60-11347.05) = 11315.93

Resistance 1 = 2*11397.53-11347.05 = 11448.07

Resistance 2 = 11397.53+ (11428.60-11347.05) = 11479.13

NSE NIFTY50 CHART

BSE SENSEX CHART

Stocks in News :

• AGC Networks Subsidiary Black Box Holdings has completed the acquisition of Fujisoft Technology LLC (Dubai) and Fujisoft Security Solutions LLC (Dubai).
• ITI Company signed contract with Ministry of Defense to implement Rs 7,796 crore ASCON Phase-IV project.
• VST Tillers and Tractors Company sold 2,246 power tillers in September 2020 and sold 1,004 tractors also.
• Route Mobile Company completed the acquisition of primarily intellectual property and associated identified customer contracts of TeleDNA Communications, on a slump sale basis.
• Mubadala Investment Company, GIC and TPG will invest Rs 13,597.5 crore into RIL's subsidiary Reliance Retail Ventures.
• Tata Motors Company sold 44,444 vehicles in September 2020 sales in Q2 increased 13%.
• Hero MotoCorp Company sold 7,15,718 units in September 2020.
• Angel Broking Company to list shares on October 5. Issue price is fixed at Rs 306 per share.