WEDNESDAY 

02-APR-2025

 

Nifty fall below 10 EMA in previous session - POI 23125

FLAT to NEGATIVE

Today’s Market Prediction:

• Indian stock market Would open FLAT
• Technically, Nifty is in the Bearish zone- BankNifty is in the Bearish zone
• Nifty index formed a bearish candle with an upper shadow on the daily charts.
• India VIX up by 8.37 percent to 13.78 levels.
• Maruti Suzuki India:The country's largest car maker has announced a total production of 1,94,901 units in March, up 16.9% from the production of 1,66,730 units in the same month last year.
• Siemens:The National Company Law Tribunal (NCLT), Mumbai, has sanctioned the Scheme of Arrangement between Siemens and Siemens Energy India, providing for the demerger of the company's energy business to Siemens Energy India.
• Tata Steel:The company acquired 1,24,90,000 equity shares worth Rs 12.49 crore in the Indian Foundation for Quality Management (IFQM). Post the acquisition, the company’s aggregate shareholding in IFQM has increased from 9.09% to 16.66%.

Stocks in NEWS:-

• Coal India:The Board has approved an increase in the notified price of coal by Rs 10 per tonne (i.e., from the existing Rs 10 per tonne to Rs 20 per tonne for non-coking and Rs 10 per tonne for coking coal for regulated and non-regulated sectors across Coal India), effective April 16.

• RITES:The company has mutually agreed with UP State Bridge Corporation (UPSBCL) to foreclose the agreement for consultancy services for construction supervision of civil works. Due to interpretation issues of certain provisions of the agreement,

• Zaggle Prepaid Ocean Services:The company has signed a Master Services Agreement with Truecaller International LLP, providing the Zaggle Save (employee expense management & benefits) for one year.

• Syngene International:The Board approved the appointment of Peter Bains as an Additional Director, designated as Managing Director & Chief Executive Officer of the company, effective April 1, subject to the approval of the shareholders of the company.

• Vaibhav Global:The company has received a draft assessment order from the Income Tax Department, Jaipur, for the assessment year 2022-23, wherein major adjustments amounting to Rs 204.86 crore on transfer pricing issues have been proposed. 

• Hindustan Copper:In FY25, the Matanjkhand Copper Project (MCP), the company's flagship unit in Madhya Pradesh, achieved an annual ore production of 27.25 lakh tonnes (the highest-ever yearly ore production since inception), which is 103% of the annual target. MCP has processed 24.34 lakh tonnes of copper ore during the year and achieved 97% of the annual target. 

• Tata Consumer Products:The company has received an assessment order for the financial year 2021-22, demanding tax of Rs 262.08 crore (including interest). The Assessing Officer has proposed certain additions/disallowances with respect to the returned income. 

• MOIL:The prices of all ferro grades of manganese ore with manganese content of Mn-44% and above have been increased by 3%, effective April 1 for the month of April.

• JSW Energy:The company has added 3.6 GW of generation capacity during FY25, marking the highest annual capacity addition. The installed generation capacity at the end of FY25 stands at 10.9 GW, significantly surpassing the 10 GW capacity target set for FY25. 

• Indian Bank:The Government has appointed Venkatachalam Anand as the Chief Vigilance Officer (CVO) of the bank, effective April 1. The current CVO, Vishesh Kumar Srivastava, has been transferred to Bank of Baroda as CVO.

• Pidilite Industries:The Board has approved the appointment of Sudhanshu Vats as Managing Director and the appointment of Kavinder Singh as Joint Managing Director, effective April 10.

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 market, dropped further to 0.76 on April 1, against 0.92 in the previous session.

BULK Deals:Galaxy Surfactants,Resourceful Automobile etc. 

Stocks In F&O Ban Period:Nil

Results Today: Nil

GIFT NIFTY:  (Positive) 

23325    +39.00    +0.17

FII-DII: DIIs net buy shares worth Rs 4322.58 crore, FIIs net sell Rs 5901.63 crore.

NIFTY (23166) The support for the Nifty is: 23125-23025-22860 and the Resistance to the up move is at: 23455-23555-23720 levels.

BANKNIFTY (50828): The support for BankNifty is: 50725-50500-50145 and the Resistance to the up move is at 51445-51665-52025 levels.

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Note:

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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