FRIDAY 

26-Jul-2024

 

Break and sustain above 24425 will be further strength to bull-Sensex Expiry

FLAT to POSITIVE

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 bullish candlestick pattern on the daily charts.
• India VIX up by 7.26 percent to 12.62 levels.
• ITC:Subsidiary ITC Infotech India has incorporated a wholly owned subsidiary in Italy under the name ITC Infotech Italia s.r.l.
• Magadh Sugar & Energy:Sudershan Bajaj has resigned as Chief Financial Officer of the company due to personal reasons, effective July 31.

Stocks in NEWS:-

• SJVN:The company has received a Letter of Intent for the allotment of the Darzo Lui pumped storage project from the Government of Mizoram. With an installed capacity of 2,400 MW, the estimated cost of the project upon completion is Rs 13,947.50 crore.

• Sobha:Anamudi Real Estates LLP, a privately-held arm of the Godrej family, is likely to sell a 5% stake in Sobha through block deals for $100 million, CNBC-TV18 reported citing sources. Anamudi Real Estates holds a 9.99% stake in the real estate company.

• Mankind Pharma:The company has entered into a definitive agreement to acquire a 100% stake in Bharat Serums and Vaccines Limited (BSV) from Advent International, for an enterprise value of Rs 13,630 crore.

• RBL Bank:Foreign investors Morgan Stanley Asia Singapore Pte and Societe Generale bought a 3.2% stake in the bank at an average price of Rs 228 per share. However, foreign portfolio investor Maple II B V exited RBL by selling its entire shareholding of 7.89% at an average price of Rs 228.08 per share.

• Ramco Cements:Profit tanks 50.8% to Rs 36.57 crore Vs Rs 74.4 crore,Revenue declines 6.8% to Rs 2,093.6 crore Vs Rs 2,246.7 crore.

• Praj Industries: Profit jumps 43.5% to Rs 84.2 crore Vs Rs 58.7 crore,Revenue falls 5% to Rs 699.1 crore Vs Rs 736.7 crore.

• Motilal Oswal Financial Services:Profit grows 68% to Rs 883.6 crore Vs Rs 526.1 crore,Revenue jumps 54% to Rs 2,312.3 crore Vs Rs 1,501.5 crore.

Market Indication:

Global: FLAT to POSITIVE

NIFTY: FLAT to POSITIVE

BANKNIFTY: FLAT to POSITIVE

PCR:The Nifty Put-Call ratio (PCR), which indicates the mood of the market, jumped to 1.21 on July 25, from 0.87 levels in the previous session.

BULK Deals: RBL Bank etc.

Stocks In F&O Ban Period:Nil

Results Today:IndusInd Bank, Power Grid Corporation, Shriram Finance, Cipla, InterGlobe Aviation, Bandhan Bank, Aarti Drugs, Amber Enterprises India, Cholamandalam Investment and Finance, City Union Bank, Equitas Small Finance Bank, ESAF Small Finance Bank, KEC International, KFin Technologies, Latent View Analytics, Nuvama Wealth Management, Piramal Pharma, SBI Cards and Payment Services, TTK Prestige, and Zenotech Laboratories  

GIFT NIFTY:  (Positive)

24488   +32.50    +0.13%

FII-DII: FIIs were net sellers of Rs.2605.49 crores whereas DIIs were net buyers of Rs.2431.69 crores in cash market for last trading session.

NIFTY (24406) The support for the Nifty is: 24265-24215-24130 and the Resistance to the up move is at: 24426-24480-24565 levels.

BANKNIFTY (50889): The support for BankNifty is: 50648-50542-50370 and the Resistance to the up move is at 50930-51094-51265 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