Stock Market Closing Report on 3 March 2021


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  • by Stocktry Expert
  • 03rd Mar 2021

Stock Market Closing Report on 3 March 2021

NIFTY

MAX CALL OI : 15500

MAX PUT OI : 15000

PRICE RANGE : 15000 to 15500

50 DEMA : 14460

200 DEMA : 12290

TREND : Sideways to positive

OVERVIEW : The index is in the process of making higher highs higher lows formation after taking support at its 50 EMA, thus trading under the dominance of the bulls. It has given the perfect example of resistance becoming support as the index reclaims its 15000 zones. Index may continue to witness highly volatile sessions as indiavix is trading around 22 levels thus giving opportunities for both the bulls and the bears so maintaining stop losses is very important in current scenario. The support is at 15000 then 14800 while resistance is at 15550 levels.

BANKNIFTY

MAX CALL OI : 37000

MAX PUT OI : 35500

PRICE RANGE : 35800 to 37000

50 DMA : 33597

200 DMA : 26987

TREND : Sideways to positive

OVERVIEW : BankNifty witnessed a strong move after consolidating for three trading sessions. Slowly but steadily index managed to reclaim its 36000 zones and traded in line with nifty index. Index is currently near the upper range of the trading band thus hedging your buy positions will be advisable. Buy on declines and sell on rise strategy should be followed in the current scenario. The support for the same is at 36000 then 35800 levels while on the upside the resistance is at the psychological 36800 then 37000 levels.

STOCK OF THE DAY

  • BANDHAN BANK has surpassed Its falling supply trend line after consolidating in a range of 322 to 350 for last four weeks and is giving signs to pull back towards 380 then 400 levels.
  • The stock is witnessing huge volumes increase and is turning from the lower levels thus a possibility of rise towards 380 then 400 levels is seen with support being intact at 350 and 340 levels.
    • in Rs. Crores FII DII
    CURRENT PREVIOUS CURRENT PREVIOUS
    CASH 2088.7 2223 -392 -854
    GAINERS LOSERS
    IT, MEDIA, BANKING, METAL, REALTY AUTO

    NEWS AND EVENTS

    • *INFOSYS WINS $500 MILLION ALL-DIGITAL DEAL FROM GOOGLE - ET*
    • GUJARATBUDGET : 50 ELECTRIC BUSES THROUGH GSRTC AND 50 CNG VEHICLES WILL BE MADE OPERATIONAL; GOVT TO INTRODUCE 1000 NEW BUSES AND 500 VOLVO BUSES
    • RITES LIMITED WINS AN ORDER WORTH 61 CRS
    • SBI CARD: CO LAUNCHES SBI CARD PORTFOLIO ENABLED ON JIO PAY SERVICE
    • Kalpataru Power bags new orders/notification of award worth Rs 1,554 cr
    • SHREE DIGVIJAY CEMENT SAYS CEMENT PRICES HAVE BEEN HIKED BY ROUGHLY RS.5 TO 10/BAG TARGET MARGINS WILL EXCEED 20%
    • VAIBHAV GLOBAL: CO TO CONSIDER SUB-DIVISION/SPLIT OF EQUITY SHARE
    • Positive for HINDALCO (Unit Novelis, Aleris to benfit) U.S. Commerce sets anti-dumping duties on aluminum sheet from 18 countries investigated, including up to 242.8% on imports from Germany and 4.83% on imports from Bahrain.
    • MTAR IPO subscribed 3.68 times on day1: Retail investment. Subscribed 6.9 times.
    • BARBEQUE-NATION HOSPITALITY
    • Files for IPO , SAYAJI HOTELS - Promoter of Barbeque Nations

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