Stock Market Closing Report on 4 March 2021


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  • by Stocktry Expert
  • 04th Mar 2021

Stock Market Closing Report on 4 March 2021

NIFTY

MAX CALL OI : 16000

MAX PUT OI : 15000

PRICE RANGE : 14800 to 15250

50 DEMA : 14484

200 DEMA : 12310

TREND : Sideways

OVERVIEW : The index opened with a huge gap of around 200 points but however managed to rebound from the same and headed towards 15200 levels. However, it failed to sustain the same by the end of the session snapped the gains of previous session and closed with the loss of around 165 points. Index may continue to witness highly volatile sessions as indiavix is trading around 24 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 15250 then 15500 levels.

BANKNIFTY

MAX CALL OI : 36000

MAX PUT OI : 35700

PRICE RANGE : 35500 to 36250

50 DMA : 33684

200 DMA : 27038

TREND : Sideways

OVERVIEW : BankNifty failed to continue the positive price action of previous session and underperformed the broader market. 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 35500 then 35250 levels while on the upside the resistance is at the psychological 36250 levels.

STOCK OF THE DAY

  • ACC has surpassed its previous resistance of 1850 levels and is now set for a positive price action towards 1950 levels.
  • The stock is witnessing huge volumes increase and is performing in spite of selling seen across the board thus a possibility of rise towards 1950 levels is seen with support being intact at 1820 and 1800 levels.
    • in Rs. Crores FII DII
    CURRENT PREVIOUS CURRENT PREVIOUS
    CASH -223 2089 -788 393
    GAINERS LOSERS
    MEDIA, REALTY BANKING, AUTO, METAL, FINANCE

    NEWS AND EVENTS

    • *DEFENSE STOCK : India Signs key pact with Philippines for sale of defence equipment.
    • INOX LIESURE : Co. Informs that they Re opened unit located in state of Jharakhand pursuant to the notification issued by central government.
    • INDIABULLS HOUSING: Commitee approves allotment of U.S $ 150 million of 4.5 % secured Forign Currency Convertible bonds Due on 2026 into equity shares of Rs 2 each.
    • RAILTEL & ZEE : RailTel has roped in Margo Networks, a subsidiary of Zee Entertainment, to provide the service in trains and railway stations.
    • MTAR TECH IPO : IPO Subscribed 10.27 times on Day 2
    • * Qualified Inst. buyers : 0.96 Times
    • * Non Retail : 8.04 Times
    • * Retail : 16.55 Times
    • Wipro to acquire Capco
    • Consideration: $1.45 billion, Valuation: Deal at 2.1x CY20 revenues,
    • Alert: Capco is a global management & technology consultancy to banking and financial services industry.

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