THURSDAY 

25-APR-2024

 

Bear will be active below 22375 - Nifty 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 small bearish candlestick pattern with minor upper shadow, which to some extent resembles Doji kind of pattern on the daily charts.
• India VIX up by 0.78 percent to 10.28 levels.
• Bajaj Finance to announce Q4 earnings
• Axis Bank posts Rs 7,130-cr net profit in Q4
• HUL Q4 net profit falls 6% to Rs 2,406 crore
• Tech Mahindra to announce Q4 results
• Vodafone Idea: The equity shares issued in the follow-on public offer (FPO) will be available for trading in a continuous trading session with effect from April 25.
• Indian Bank: The Financial Services Institutions Bureau (FSIB) has recommended Asheesh Pandey for the position of MD and CEO at Indian Bank.
• Mas Financial Services: The financial services company has reported consolidated net profit of Rs 69.4 crore for the January–March period of FY24, rising 23.3 percent over the same period last fiscal.

Stocks in NEWS  

• Kotak Mahindra Bank: The Reserve Bank of India barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards, citing supervisory concerns over its technology platforms.

• Hindustan Unilever: The FMCG major has recorded standalone net profit at Rs 2,406 crore for quarter ended March FY24, falling 5.7 percent compared to year-ago period, impacted by weak topline as well as operating numbers. 

• Axis Bank: The private sector lender has reported standalone net profit at Rs 7,130 crore for March FY24 quarter, against loss of Rs 5,728.4 crore in corresponding period of last fiscal, despite elevated provisions for bad loans. 

• ITC: The FMCG company said the meeting of ordinary shareholders will be taking place on June 6 through electronic mode for considering the proposed Scheme of Arrangement amongst ITC and ITC Hotels.

• LTIMindtree: The IT services company has recorded consolidated net profit at Rs 1,100.7 crore for March FY24 quarter, declining 5.9 percent compared to previous quarter, with weak topline and operating numbers. Revenue from operations during the quarter at Rs 8,893 crore fell by 1.4 percent on sequential basis.

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, declined to 1.04 on April 24, from 1.06 levels in the previous session.

BULK Deals: Laxmi Costpin limited, Joyti Structures Ltd etc.

Stocks In F&O Ban Period: Aditya Birla Fashion & Retail, SAIL, retaining Hindustan Copper

Results Today: Bajaj Finance, IndusInd Bank, Nestle India, Tech Mahindra, Vedanta, ACC, L&T Technology Services, AAVAS Financiers, Coromandel International, Cyient, Glenmark Life Sciences, Himadri Speciality Chemical, Laurus Labs, Mphasis, Olectra Greentech, Schaeffler India, Tanla Platforms, Tata Teleservices (Maharashtra), UTI Asset Management Company, and Zensar Technologies

GIFT NIFTY:  (Negative)

22350   -70.00    -0.31%

FII-DII: FIIs were net sellers of Rs.2511.74 crores whereas DIIs were net buyers of Rs.3809.90 crores in cash market for last trading session.

NIFTY (22402) The support for the Nifty is: 22386-22364-22330 and the Resistance to the up move is at: 22456-22478-22515 levels.

BANKNIFTY (48190): The support for BankNifty is: 48072-48020-47937 and the resistance to the up move is at 48238-48290-48370 levels.

 

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Note:

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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