- by Stocktry Expert
- 26th Mar 2021
Stock Market Closing Report on 26 March 2021
NIFTY
MAX CALL OI : 15000
MAX PUT OI : 14000
PRICE RANGE : 14000 to 14800
50 DEMA : 14612
200 DEMA : 12635
TREND : Sideways to positive
OVERVIEW : Nifty opened on a very strong note and as the day progressed it witnessed volatile swings as bulls and bears both made their share of attempts to drag the index on either side. It failed to surpass the high of previous session but managed to close above 14500 levels, forming a DOJI candle on daily chart. The traders are requested to take hedged positions and trade cautiously ahead of the quarterly result season. The support is at 14000 then 13800 levels while the bulls might be at relief only if the index manages to close above 14800 levels.
BANKNIFTY
MAX CALL OI : 34000
MAX PUT OI : 32000
PRICE RANGE : 32800 to 33800
50 DMA : 33983
200 DMA : 27809
TREND : Sideways to positive
OVERVIEW : Banknifty although is trading below the support trend line but witnessed a relief rally as it opened on a strong positive note. It has been making lower top lower bottom formation since last 6 weeks. It made an attempt to bounce back but failed to hold the higher levels and closed around its 33300 zones. The support is at 32800 then 32500 zones, while on the upside we might see relief only above 34000 zones. India vix is around 20 levels thus cooling down and giving a sense of relief to the bulls. The support is at 33000 then 32800 while resistance is at 33800 then 34000.
STOCK OF THE DAY
- HAVELLS after a correction from 1231 to 986 is again showing signs of bouncing back and is giving indication of heading towards 1080 levels.
- It formed a bullish candle after forming a DOJI thus giving early signs of bottom formation.
- RSI is supporting our view thus a possibility of bounce towards 1080 and 1100 levels cannot be ruled out, while support is at 1015 levels.
| in Rs. Crores | FII | DII | |||
| CURRENT | PREVIOUS | CURRENT | PREVIOUS | ||
| CASH | 2598 | -3384 | -916 | 2268 | |
| GAINERS | LOSERS | ||||
| METAL, PHARMA, MEDIA, FMCG, BANKING, REALTY | |||||
NEWS AND EVENTS
- BarBeQue Nation IPO
- Qualified inst: 5.11 times
- Non Retail: 3.10 times
- Retail: 13.13 times
- Employee: 1.13 times
- BEL : Co. says 2nd interim dividend payment of Rs 1.40 /share will be paid to eligible shareholder on 30 march .
- IDBI BANK : Board Approves Rs 8000 cr Borrowing limit in FY 22
- COVID: India Records 60000 COVID cases in last 24 hrs.. Biggest surge since oct.
- SEIMENS , L&T & ABB : Govt sources say proposed power/renewable equipment manufacturing hubs may Get GST incentives
- Alert: Govt announced 3 manufacturing hubs for power equipment in the Budget 2021
- APTECH ,NIIT & Career Point: E Learning Unlisted BYJUS preparing for another Fund Raising at Incraesing Valuation of $ 1400 Cr from $ 1200 cr in Dec Fund Raising
- APPOLO PIPES : Rating agency CRISIL Upgrades to Possitive Outlook from stable
- MALL STOCKS & CINEMA STOCKS : From april Onwards Malls will charge Full Rental charges .Do Note : mall reduces Rental Charges due to covid .
- GEOFFREY PHILIP : #Sources to CNBC-TV18: Corporate Affairs Ministry issues inspection orders against Godfrey Phillips with respect to allegations regarding “serious corporate governance issues & malpractices” in the co.
