TUESDAY 

22-APR-2025

 

Nifty index managed to close in green for 5 days with above average volume -POI:24175

FLAT to POSITIVE

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 bullish candlestick pattern on the daily charts.
• India VIX up by 0.30 percent to 15.52 levels.
• Vedanta:Promoter entity Twin Star Holdings (borrower) has signed a Facility Agreement for $530 million with lenders. Vedanta Resources and Welter Trading are guarantors to the agreement. 
• Hindustan Unilever:The company has completed the acquisition of 90.5% shareholding in Uprising through a combination of primary infusion and secondary acquisition for a total cash consideration of Rs 2,706.4 crore.

Stocks in NEWS:-

• Tata Power Company:The company’s renewable energy subsidiary, Tata Power Renewable Energy (TPREL), has signed a Power Purchase Agreement (PPA) to co-develop a 131 MW wind-solar hybrid renewable energy project.

• HG Infra Engineering:HG Infra has been declared a qualified bidder by Gujarat Urja Vikas Nigam for 300 MW/600 MWh (out of the total project capacity of 500 MW/1000 MWh) for the setting up of standalone battery energy storage systems in Gujarat.

• Gandhar Oil Refinery (India):The company has signed a non-binding Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) to participate at Vadhvan Port for the development of a terminal for handling containers, bulk, and liquid cargo and to create supporting infrastructure. 

• One 97 Communications (Paytm):The company’s subsidiary, Paytm Money, has announced new cost-effective interest rates and a revised brokerage structure for its recently launched Pay Later (MTF - Margin Trading Facility) offering. The platform aims to enhance affordability for both retail and high-value investors.

• Nureca:The company has received formal approval from the Government of Punjab, Department of Industries & Commerce (Invest Punjab), for the establishment of a new manufacturing facility in Sundra, SAS Nagar, Punjab. 

• Coal India:The company has signed a non-binding Memorandum of Understanding (MoU) with Damodar Valley Corporation (DVC) to set up a 2×800 MW coal-fired ultra supercritical power plant in Jharkhand. DVC is a power generator operating in West Bengal and Jharkhand.

• Brigade Enterprises:The company has signed a Joint Development Agreement for a plotted development project in Malur, East Bengaluru, spanning approximately 20 acres. The gross development value of the project is around Rs 175 crore, with a total development potential of 0.45 million square feet.

• Gujarat Alkalies and Chemicals:The company has dispatched its first consignment of Benzyl Chloride from its new plant at Dahej. The company has established a 30,000 TPA Chlorotoluene plant at Dahej with an estimated project cost of Rs 350 crore.

• Mazagon Dock Shipbuilders:Capt (IN Retd) Jagmohan has been appointed as Chairman & Managing Director on the Board of the company, effective April 21 until his superannuation on September 30, 2029.

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, fell to 1.15 on April 21, against 1.17 in the previous session.

BULK Deals: AGS Transact Technologies etc. 

Stocks In F&O Ban Period:Tata Elxsi, Angel One, Hindustan Copper, IREDA, Manappuram Finance

Results Today:HCL Technologies, Mahindra & Mahindra Financial Services, Tata Communications, Havells India, AU Small Finance Bank, Waaree Energies, Cyient DLM, Delta Corp, Hathway Cable & Datacom, Choice International, Huhtamaki India, and Vardhman Special Steels

GIFT NIFTY:  (Negative) 

24130     -20.00    -0.08

FII-DII: DIIs net buy shares worth Rs 246.59 crore, FIIs net buy Rs 1970.17 crore.

NIFTY (24126) The support for the Nifty is: 23965-23895-23785 and the Resistance to the up move is at: 24180-24250-24360 levels.

BANKNIFTY (55305): The support for BankNifty is: 54845-54660-54360 and the Resistance to the up move is at 55450-55630-55935 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