Today Market Prediction

TUESDAY 

19-MAR-2024

 

Below 21950 Bears zone-Finnifty Expiry

FLAT to NEGATIVE

Today’s Market Prediction:

  • Indian stock market Would open FLAT
  • Technically, Nifty is in the Negative zone- BankNifty is in the Positive zone.
  • Nifty index formed a small bullish candlestick pattern with upper and lower shadows on the daily charts.
  • India VIX up by 1.49 percent to 13.90 levels.
  • Tata Sons to sell 0.65% stake in TCS for $1.1 billion
  • Aditya Birla Sun Life AMC: Promoters to sell up to 11.47% stake in OFS
  • Tata Steel UK to shut down coke ovens at Port Talbot plant in Wales
  • Devyani International: Rajat Luthra has resigned as CEO of KFC, with effect from March 29. Pradeep Das will be taking over the charge as CEO of KFC from Rajat Luthra. 
  • L&T Finance Holdings: The company has received approval from the Board of Directors for raising funds up to Rs 1.01 lakh crore through non-convertible debentures (NCDs) in one or more tranches.
  • Sonata Software: The modernization engineering company has signed a joint go-to-market agreement with Zones, LLC, a global provider of end-to-end IT solutions and cloud-managed services.

Stocks in NEWS  

  • Tata Consultancy Services: Tata Sons has offered to sell 2.34 crore shares of the IT major at Rs 4,001 per share through block deals to raise up to $1.1 billion, reported Bloomberg.

  • Aditya Birla Sun Life AMC: Promoters, Aditya Birla Capital and Sun Life (India) AMC Investments Inc will sell up to 2,01,66,293 equity shares of Aditya Birla Sun Life AMC (which is equivalent to 7 percent of the total paid-up equity) through offer-for-sale (OFS) issue, with an option to additionally sell up to 1,28,86,277 equity shares (4.47 percent of paid up equity) on March 19-20.

  • Tata Steel: Tata Steel UK has decided to cease operations of the coke ovens at the Port Talbot plant, in Wales, after a deterioration of operational stability. It will increase imports of coke to offset the impact of the coke oven closures.

  • Popular Vehicles and Services: The automobile dealer is set to list its equity shares on the bourses on March 19. The final issue price has been fixed at Rs 295 per share.

  • HG Infra Engineering: Jodhpur Vidyut Vitran Nigam has issued letters of award to Stockwell Solar Services JV consortium with HG Infra Engineering for four projects of solar business worth Rs 1,026 crore.

Market Indication:

Global: FLAT to NEGATIVE

NIFTY: FLAT to NEGATIVE

BANKNIFTY: FLAT to NEGATIVE

PCR :The Nifty Put Call ratio (PCR), which indicates the mood of the equity market, fell to 0.95 on March 18, from 0.99 in the previous session. Below 1 PCR indicates that the trading volume of Call options is more than Put options, which generally suggests a gradual increase in the bullish market trend ahead.

BULK Deals: Sundaram Finance ltd, Kopran limited etc.

Stocks In F&O Ban Period: Balrampur Chini Mills, Aditya Birla Fashion & Retail, BHEL, Biocon, Hindustan Copper, Manappuram Finance, National Aluminium Company, Piramal Enterprises, RBL Bank, SAIL, Tata Chemicals and Zee Entertainment Enterprises

Results Today: Nil

GIFT NIFTY (Negative)

22053   -83.00    -0.37%

FII-DII: FIIs were net sellers of Rs.2051.09 crores whereas DIIs were net buyers of Rs.2260.88 crores in cash market for last trading session.

NIFTY (22056) The support for the Nifty is: 21953-21904-21825 and the Resistance to the up move is at: 22111-22160-22240 levels.

BANKNIFTY (46576): The support for BankNifty is: 46172-46003-45730 and the resistance to the up move is at 46720-46890-47165 levels.

 

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Note:

CHECK THE MARKET DIRECTION BEFORE YOU TRADE

WE ARE NOT ADVISORY or TIPS PROVIDERS
we are not SEBI registered . you may consult your Financial advisor before taking trade.
Our views are based on candlestick charts,patterns,Mathematical based calculation ( pivot)
we are not responsible for any profit/loss as views are for Educational/Observation Purpose

Maintain your daily risk as per your capital and risk management. daily risk should not cross more than 2 % of your Total capital . managing your risk is important in any kind of trading . If you are in direction of Profit then Trail your SL . without SL no trade. 

If you are Trading in Equity : then you may use this calculation for risk management
If Daily Risk in Equity is Rs. 250 and SL is of 5 points ( from entry point to SL point)  then Qty should be taken as per this Risk: 250/5 = Qty 50


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