FRIDAY 

29-AUG-2025

 

Nifty index closed bearish-continued LH-LL structure-running below 20-50 EMA-RSI around 40:-POI: 24645

FLAT to NEGATIVE

Today’s Market Prediction:

• Indian stock market Would open POSITIVE
• Technically, Nifty is in the Bullish zone- BankNifty is in the Bullsh zone
• Nifty index formed another long bearish candle on the daily timeframe.
• India VIX fell by 0.12 percent to 12.18 levels.
• Shukra Pharmaceuticals:The company has received a Letter of Award (LoA) from HSCC (India) — a Government of India enterprise — for the supply of medicines and diagnostic kits to Afghanistan. The contract value is Rs 24.06 crore.
• Muthoot Finance:The company has infused Rs 500 crore in its wholly owned subsidiary, Muthoot Money, against the allotment of 3,25,139 shares on a rights basis. The additional equity infusion has been made in order to strengthen the capital base and improve the capital adequacy ratio.

Stocks in NEWS:-

• Hexaware Technologies:The IT services and solutions provider announced a strategic partnership with Replit, the leading agentic software creation platform, to revolutionize enterprise software development through secure, governed Vibe Coding.

• ICICI Bank:The Board has accepted the early retirement request received from Subir Saha, Group Chief Compliance Officer (GCCO), effective August 28, and appointed Anish Madhavan, an existing SMP, as the GCCO effective August 29, in place of Saha.

• NTPC:The company has approved the transfer of its coal mining business to its wholly owned subsidiary, NTPC Mining.

• Himatsingka Seide:The Board of Directors will meet on September 2 to consider the raising of funds via the issuance of any eligible securities.

• Lemon Tree Hotels:The company has signed a License Agreement for a new hotel property — Lemon Tree Hotel — in Mohkampur, Dehradun. The property will be managed by its subsidiary, Carnation Hotels.

• Afcons Infrastructure:The flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group said the Board has elevated existing Chairman Shapoorji Mistry as Chairman Emeritus, and Krishnamurthy Subramanian as Executive Chairman, while Pallon S. Mistry was inducted to the Board of Afcons.

• Federal Bank:Srinivasan P has been appointed as the Executive Vice President & Head – Business Initiatives (Wholesale Banking) and a Senior Management Personnel of the bank.

• CG Power and Industrial Solutions:The company's subsidiary, CG Semi Private, has launched its first outsourced semiconductor assembly and test (OSAT) facility in Sanand, Gujarat. CG Semi is investing over Rs 7,600 crore over five years to develop two facilities (G1 and G2) in Sanand.

• Welcure Drugs & Pharmaceuticals:The Board has approved raising of funds up to Rs 80 crore via qualified institutions placement, in one or more tranches.

• AGI Infra:The company is going to acquire a 60% stake by investing Rs 30 crore in WorldNext Realty LLP.

• Power & Instrumentation (Gujarat):The company has received a work order worth Rs 9.5 crore from Sadashiv Projects India for the supply, erection, installation, testing, and commissioning of material/equipment for a 5.00 MWP ground-mounted solar project.

• Mahindra Lifespace Developers:The Board has approved the appointment of Parijat Dey as Chief Technology Officer of the company, effective September 1.

• Allcargo Logistics:LCL (Less than Container Load) volume stood at 774 cubic meters in July, an increase of 10% over last month and a decline of 5% over last year. FCL (Full Container Load) volume in July grew by 9% MoM and YoY to 59,443 TEUs.

• Sammaan Capital:The company has raised $300 million via the allotment of $30,00,00,000 8.95% Senior Secured Social Bonds due 2028. The said bonds are expected to be listed on the Global Securities Market of India International Exchange (IFSC).

• PG Electroplast:The Board of Directors of the company's subsidiary, PG Technoplast, has appointed Girish Chander as Chief Executive Officer (CEO), effective August 29.

• Everest Industries:The company has completed its investment of Rs 1.76 crore for 17.6 lakh shares (3.12% stake) in Amplus Ampere

   

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, rose to 0.86 on August 28, compared to 0.72 in the previous session.

BULK Deals:InterGlobe Aviation,RBL Bank etc. 

Stocks In F&O Ban Period:Nil

Results Today: Nil

GIFT NIFTY:  (Positive) 

24669     +43.50     +0.18

FII-DII: DIIs net buy shares worth Rs 6346 crore, FIIs net sell Rs 3592 crore.

NIFTY (24501) The support for the Nifty is: 24475-24425-24340 and the Resistance to the up move is at: 24645-24700-24785 levels.

BANKNIFTY (53820): The support for BankNifty is: 53755-53610-53375 and the Resistance to the up move is at 54225-54370-54605 levels.

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Our views are based on candlestick charts,patterns,Mathematical based calculation ( pivot)
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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