Stock Market Closing Report on 9 March 2021


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  • by Stocktry Expert
  • 09th Mar 2021

Stock Market Closing Report on 9 March 2021

NIFTY

MAX CALL OI : 15500

MAX PUT OI : 15000

PRICE RANGE : 14900 to 15250

50 DEMA : 14542

200 DEMA : 12370

TREND : Sideways to positive

OVERVIEW : Nifty kick started the day under the dominance of the bulls and surpassed the previous sessions high, however it failed to sustain it and drifted below it's 15000 zones. It is forming an inverted head and shoulder on daily chart and thus to complete the pattern it has to head towards 15200 the 15300 levels, while support is at 14900 levels. Index has been witnessing highly volatile session thus giving opportunities for both the bulls and the bears so maintaining stop losses is very important in current scenario. The support is at 14900 then 14700 while resistance is at 15150 then 15250 levels.

BANKNIFTY

MAX CALL OI : 37000

MAX PUT OI : 36000

PRICE RANGE : 35800 to 36500

50 DMA : 33804

200 DMA : 27102

TREND : Sideways to positive

OVERVIEW : BankNifty outperformed the Nifty index and the volatile session with the gains of around 600 points. Index all set to break the barrier of 36000 levels and head towards 36500 while support being intact at 35500 levels. A minor cool down in volatility index supported the bulls to move above 36000 zones. The support for the same is at 35800 then 35500 levels while on the upside the resistance is at the psychological 36500 levels.

STOCK OF THE DAY

  • TECHM surpassed the falling supply trend line after a long consolidation of last 8 weeks and is now all set to perform under the dominance of the bulls.
  • The stock witnessed built up of long position and now set to surpass its 1000 levels and move towards 1020 zones. RSI is also set to come in the bullish zone and thus supporting our view, Thus, a possibility of rise towards 1020 then 1050 levels is seen with support being seen at 980 levels.
    • in Rs. Crores FII DII
    CURRENT PREVIOUS CURRENT PREVIOUS
    CASH 2802 -1494 1250 484
    GAINERS LOSERS
    BANKING, FMCG, CONSUMPTION IT AUTO, METAL, PHARMA, INFRA, REALTY

    NEWS AND EVENTS

    • MAX HEALTH: QIP Issue Price fixed at Rs 195.4 /share.
    • INDIAN BANK : Indian Bank approves QIP of Rs 4,000 cr in 1 or more tranches (From Agencies).
    • JUBLIANT FOODWORKS : Co. completes 100 % stake acquisition in Netherlands FIDES Food which holds 32 % in DP Eurasia N.V .
    • EASY MY TRIP IPO Final day 2 : IPO Subscribed 4.97 times
    • Qualified Inst. : 0.27 Times
    • Non Retial : 1.28 Times
    • ‘Jio Business’ launches Enterprise grade fibre connectivity & digital solutions for MSMBs.
    • ALCARGO LOGISTICS: Board To meet on 15 march for interim dividend ... Record date on march 23
    • JSW ENERGY: Board Approved fund raising Upto Rs 2500 cr via redeemable non convertible debenture.
    • GODEREJ PROPERTIES :Godrej properties launches QIP with floor price of Rs 1513.4 per share... 3.3 % Premium on Current price of Rs 1463
    • Vedanta ::From PTI: National Green Tribunal (NGT) says Vedanta's mining plant in Goa can’t operate without obtaining environment nod,
    • METAL STOCKS: #CommodityAlert | China Dalian Iron Ore Futures slip 10%
    • NIFTY WEEKLY EXPIRY TOMORROW DUE TO MAHASHIVRATRI HOLIDAY ON THURSDAY.. NSE BSE WILL BE CLOSED ON THURSDAY 11 MARCH

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