Stock Market Trade setup for 7th September : Things to know

Market losing 2.7 percent after rising 4.2 percent in the previous two weeks. On 4th September, BSE Sensex corrected 633.76 points to 38357.18, and NSE Nifty fell 193.60 points to 11333.85 due to gobal market cues. It formed a bearish candle, which looks like a Doji kind of pattern on the daily charts, and witnessed a Bearish formation on the weekly charts. 

According to pivot charts, the key support levels for the Nifty is placed at 11274.33, followed by 11214.87. If the index moves up, the key resistance levels to watch out for are 11422.63 and 11511.47.

NSE NIFTY CHART

BSE SENSEX CHART

High Delivery Stocks List :

Stocks in the news :

• REC company subsidiary received a 10 MW solar power project order in Rajasthan.
• National Aluminium Company Q1 profit at Rs 16.7 crore and revenue at Rs 1,380.6 crore.
• Moody's cuts deposit ratings of Bank of Baroda, Bank of India, Canara Bank and Union Bank of India to Ba1 and revised PNB's rating outlook to 'Negative' from 'Stable'.
• Based on an eligibility certificate from the Maharashtra government, Endurance Technologies is entitled to a cumulative incentive of Rs 466.39 crore under the package scheme of incentives.
• Jubilant Industries approved sale of land and building of manufacturing unit at Nimbut, Pune for Rs 12.35 crore, and plant and machinery for Rs 0.95 crore to Jubilant Life Sciences.
• Repco Home Finance Q1 profit at Rs 69.50 crore and revenue at Rs 337.71 crore.

CG Power and Industrial Solutions, Future Lifestyle Fashions, Future Market Networks, General Insurance Corporation of India, Aurionpro Solutions, Hindustan Oil Exploration, Bharat Engineering, Orchid Pharma, RPP Infra Projects, among 50 companies will results on7th September.

Route Mobile IPO opens on 09th September - Things to know

Route Mobile IPO is coming in market on 09th September 2020 and closes on 11th September 2020. Sandipkumar Gupta and Rajdipkumar Gupta are the promoters of the company.The company is based in Mumbai and plan to raise around Rs 600 crore through through fresh issue and offer for sale.

Route MobileiIncorporated in 2004, Route Mobile Limited is among the leading Communications Platform as a Service provider and a tier-one application-to-peer service provider. Its enterprise communication services include new age solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. The company operates in three business verticals: First, the Company provides a cloud-communication platform as a service to enterprises, over-the-top players, and mobile network operators around the world. Second, services in this segment include SMS analytics, firewall, filtering, monetization, and hubbing solutions. Third, the Company provides a range of BPO services including client support, technical support, booking, and collection services.The company's clients include some of the world's largest organizations, including several Fortune Global 500 companies.

Competitive Strengths:

1. Leading cloud communications service provider offering CPaaS.

2. Omni channel Platform for easy campaign scheduling and reporting.

3. Easy to use the console to plan, deploy & monitor campaigns.

4. Global & Local customization expertise.

5. Consultative and Lean approach for better customer engagement.

Happiest Minds IPO opens on 07th September - Things to know

Happiest Minds IPO to open in market on 7th September and closes on 9th September. Happiest Minds Technologies is an IT services company based in Bangalore. They provide services in three categories - Digital Business Service, Product Engineering Service and Infrastructure and Management Security Service. The IPO worth Rs 702 crore with 42290091 equity shares face value of Rs.2. The price band is fixed at Rs.165-166 with market lot of 90 shares.

Ashok Soota, the Promoter, Executive Chairman and Director has several years of experience in the IT industry. Prior to founding this Company, Mr. Soota was associated with Wipro Limited as its Vice Chairman and Mindtree Limited as its Chairman and Chief Executive Officer. He has been conferred with a Dataquest IT Man of the Year 2017, a Dataquest Lifetime Achievement Award for outstanding contribution in organizing and building the Indian software industry, an IT Lifetime Achievement Award from the Financial Express, and a Lifetime Achievement Award from Chiratae Ventures. The Company is led by a professional management team with extensive experience in the IT Services industry, in-depth understanding of managing complex projects and a proven performance track record.

Some of the qualitative factors :

• Strong brand in Digital IT services
• Growing high revenue generating customer accounts with a high proportion of repeat revenues and revenues from mature markets
• Scalable business model with multiple drivers of steady growth
• End to End capabilities spanning the digital lifecycle from roadmap to deployment and maintenance
• Strong R&D capability with depth in disruptive technologies creating value through newly engineered solutions
• Agile Engineering and Delivery
• Mindful approach towards systems, employee policies and practices led by an experienced leadership and senior management team focused on sound corporate governance practice.

Stock Market Trade setup for 4th September : Things to know

Today, BSE Sensex corrected 95.09 points to 38990.94, and NSE Nifty fell 7.55 points to 11527.45. Stock Market snapped their two-day winning streak on 3rd September and formed a bearing candle on daily chart.

According to pivot charts, the key support levels for the Nifty is placed at 11495.13, followed by 11462.77. If the index moves up, the key resistance levels to watch out for are 11572.43 and 11617.37.

BSE SENSEX CHART

NSE NIFTY CHART

High Delivery Stocks List :

Stocks in the news :

• Government to sell 5,02,462 equity shares to HAL company's eligible employees at Rs 950.95 per share via an offer for sale during September 4-9.
• Jindal Steel & Power promoter entity Danta Enterprises released over 1 crore pledged shares during August 25-31. Another promoter entity Glebe Trading also released 1.4 lakh pledged shares.
• Infosys will acquire product design and development firm, Kaleidoscope Innovation.
• Usha Martin promoter entity Neutral Publishing House raised stake in company to 3.25% from 3.08% earlier on September 2.
• Jubilant Industries Q1 loss at Rs 3.1 crore and revenue at Rs 94.3 crore.

National Aluminium Company, Future Retail, Jubilant Life Sciences, NLC India, Repco Home Finance, RattanIndia Infrastructure, RattanIndia Power, Simbhaoli Sugars among 68 companies will announce results 4th September.

Stock Market Trade setup for 3rd September : Things to know

Today, BSE Sensex reached 185.23 points to 39086.03 and NSE Nifty50 rose 64.70 points to 11,535 forming bullish chart.The last-hour rally and positive global cues in Auto, IT, Metals stocks uptrend for the second consecutive session on 2nd September.

According to pivot charts, the key support levels for the Nifty are placed at 11458.67, followed by 11382.33. If the index moves up, the key resistance levels to watch out for are 11583.07 and 11631.13.

BSE SENSEX CHART

NSE NIFTY CHART

High Delivery Stocks List :

Stocks in the news :

• Coal India Q1 Profit at Rs 2,077.5 crore and revenue at Rs 18,486.8 crore.
• Bannari Amman Sugars Q1 Profit at Rs 12.8 crore and revenue at Rs 325.8 crore.
• Infibeam Avenues Q1 Profit at Rs 11.9 crore and revenue at Rs 102.66 crore.
• Dish TV India Q1 Profit at Rs 75.94 crore and revenue at Rs 835.58 crore.
• Engineers India received an order worth Rs 450 crore from GAIL.
• Ontario Teachers' partnered with Edelweiss Alternative Asset to invest $350 million in Indian private credit.

Page Industries, Jubilant Industries, Bilcare, Essar Shipping, IL&FS Engineering, Panacea Biotec, Zuari Agro Chemicals, etc. will announce results on  3rd September.

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.