MONDAY 

20-JAN-2025

 

Bulls may get strength above 23275 (pivot level)

FLAT to POSITIVE

Today’s Market Prediction:

• Indian stock market Would open POSITIVE
• Technically, Nifty is in the Bearish zone- BankNifty is in the Bearish zone
• Nifty index formed a bearish candlestick pattern with a lower shadow on the daily charts.
• India VIX up by 1.82 percent to 15.75 levels.
• Minda Corporation:The company has completed the acquisition of a 49% stake in Flash Electronics (India) from existing shareholders.
• GMR Airports Infrastructure:Passenger traffic in December 2024 increased by 9% YoY and 6% MoM to 1.08 crore, while aircraft movements rose by 7% YoY and 5% MoM to 64,364.
• Dixon Technologies:The company's subsidiary, IsmartU India (IIPL), has entered into a binding Memorandum of Understanding with KHY Electronic India, whereby IIPL will acquire land, buildings, machinery, and other tangible assets from KHY for Rs 133 crore.

Stocks in NEWS:-

• KP Energy:The company has commissioned a 6.3 MW (Phase-XI) ISTS-connected wind power project at the Sidhpur site in Devbhoomi Dwarka. With this, the entire 252 MW project capacity has been commissioned.

• Gland Pharma:The company has received the Establishment Inspection Report for its Pashamylaram facility in Hyderabad from the US Food and Drug Administration (US FDA), indicating the closure of the inspection. 

• Camlin Fine Sciences:The Gujarat Pollution Control Board has issued an order to Camlin Fine Sciences for the closure of its operations at the Bharuch unit. 

• Fortis Healthcare:The company has acquired a 15.86% stake held by NYLIM Jacob Ballas India Fund III LLC and an 8.05% stake held by Resurgence PE Investments in Agilus Diagnostics. 

• Hitachi Energy:The Board has approved raising funds up to Rs 4,200 crore via public issue, rights issue, preferential allotment, private placement, including qualified institutional placement (QIP) in one or more tranches.

• Zydus Lifesciences:The pharma company has received approval from the USFDA to conduct a Phase II(b) clinical trial for Usnoflast. Usnoflast is a novel oral NLRP3 inflammasome inhibitor for patients with Amyotrophic Lateral Sclerosis (ALS).

• Hyundai Motor India, TVS Motor Company:Hyundai Motor Company is exploring the possibility of joining hands with TVS Motor to conceptualize the development of advanced electric three-wheelers and micro four-wheelers in India. 

• Ashapura Minechem:The company’s overseas subsidiary has entered into a long-term Memorandum of Understanding (MOU) with China Railway to jointly develop its Fako bauxite deposit in the Kindia region of Guinea.

• Adani Energy Solutions:The company's subsidiary, Adani Electricity Mumbai (AEML), has executed a Share Purchase Agreement (SPA) with Adani Properties Private for acquiring 100% equity shares of Superheights Infraspace. 

• DLF:The National Company Law Tribunal has approved the Scheme of Amalgamation involving the merger of seven wholly-owned subsidiary companies (namely Amon Estates, Calista Real Estates, Chevalier Builders & Constructions, Erasma Builders & Developers, Hestia Realtors, Laraine Builders & Constructions, and Snigdha Builders & Constructions) with DLF Southern Towns, a subsidiary of DLF.

• Unitech:The Board of Directors has approved the proposal for 100% equity disinvestment of Unitech Power Transmission (UPTL), a wholly-owned subsidiary of Unitech, at a price of Rs 50.89 crore, in favour of Auro Infra.

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 0.91 on January 17, from 1.01 level in the previous session.

BULK Deals:Apex Ecotech,Kamdhenu Ventures,Spacenet Enterprises India etc.

Stocks In F&O Ban Period:Can Fin Homes, Aarti Industries, Aditya Birla Fashion & Retail, Angel One, Bandhan Bank, Hindustan Copper, Kalyan Jewellers, L&T Finance, Manappuram Finance, RBL Bank

Results Today: One 97 Communications Paytm, Zomato, APL Apollo Tubes, Central Bank of India, Dixon Technologies, IDBI Bank, Indian Overseas Bank, Indian Railway Finance Corporation, ICICI Securities, Jammu & Kashmir Bank, L&T Finance, MCX India, Newgen Software Technologies, Oberoi Realty, and Sunteck Realty

GIFT NIFTY:  (Positive) 

23289    +52.00    +0.22

FII-DII: DIIs net buy shares worth Rs 2572.88 crore, FIIs net sell Rs 3318.06 crore.

NIFTY (23203) The support for the Nifty is: 23125-23080-23005 and the Resistance to the up move is at: 23272-23317-23390 levels.

BANKNIFTY (48541): The support for BankNifty is: 48351-48177-47895 and the Resistance to the up move is at 48914-49088-49370 levels.

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Note:

CHECK THE MARKET DIRECTION BEFORE YOU TRADE

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