Zee Business, Stock Guide, Trading Guide, Bulk Deals, Stocks in news, Corporate action, market on November 25: The Indian markets staged a strong up move on the monthly expiry day and gained over a percent. After the gap-up start, the benchmark indices gradually inched higher and gained noticeable momentum in the last half an hour.
Consequently, Sensex made a new record high, and Nifty also inched closer to that milestone and closed at 18,484 levels. All sectors contributed to the move wherein IT outshined others. The broader indices also posted modest gains, but the participation was restricted.
Markets have reclaimed buoyancy and we expect the tone to continue however participants shouldn’t go overboard and continue with selective buying, Ajit Mishra, VP – Research, Religare Broking Ltd said. “The banking and IT pack look firm to us while others are seeing a mixed trend.”
Mishra reiterates a preference for index majors and quality midcaps and suggests focusing more on overnight risk management.
Here is a list of things to watch out for on 25 November 2022
Technical View
Nifty: Technically, 16611 and 16888 are the next target levels for the Nifty, while 18400 and 18250 will act as immediate and strong support levels. There are no signs of weakness, and Nifty is respecting its immediate moving averages beautifully. Nifty IT is also showing signs of strength, and it may start to do well once it manages to take out the 30500 mark decisively.
Banknifty is continuing its outperformance, and it is likely to head towards the 44000 mark; however, 43333 is an immediate hurdle. On the downside, 42600 has become an immediate support level.
Santosh Meena, Head of Research, Swastika Investmart Ltd.
Key support & resistance levels for Nifty50:
The Nifty50 closed 0.13 per cent higher at 18,267. Key Pivot points (Fibonacci) support for the index is placed at 18346.04, 18290.46 and 18200.5 while resistance is placed at 18525.96, 18581.54, and 18671.5.
Key support & resistance levels for Nifty Bank:
The Nifty Bank closed 0.64 per cent higher at 42,729. Key Pivot points (Fibonacci) support for the index is placed at 42852.37, 42759.43, and 42609.0, while resistance is placed 43153.23, 43246.17, and 43396.6.
Gross Open Interest:
Open Interest means the number of contracts open or outstanding in futures trading in NSE at any one time. One seller and one buyer together create one contract.
Here the gross values of Open Interest Positions taken by the four participants namely Client are Clients are the retail individual investors who invest in the derivatives instruments, DIIs are domestic individual investors, FIIs are foreign institutional investors and Pro are the proprietors and brokerage firms who trade on their own behalf.
Image Source – Stockedge
Stocks in News:
Future Consumer: Board decides to to withdraw merger between Integrated Food Park Limited and company
PNB gets government approval to divest UTI AMC stake
Laurus Labs to buy 26 per cent stake in Ethan Energy at Rs 52.70/share; to use 100 per cent output of Ethan Energy’s 10 MW solar plant
G Rengarajan resigns as Chief Financial Officer (CFO) of BAL Pharma
PVR opens 12 screen superlex in Thiruvananthapuram, Kerala
Biocon Biologics allots shares to Biocon for Rs 2,205.63 cr ($270 m). Earlier this month, there was a proposed acquisition of biosimilars assets of Viatris, by Biocon Biologics
Corporate Action
Nile Ltd: Ex-date interim dividend 20% at Rs 2 per share
Manaksia Ltd: Ex-date interim dividend 30% at Rs 3 per share
Roni Households: Rights issue of 1 shares for every 5 shares held offered at Rs 70 per share
Ajooni Biotech: Rights issue of 29 shares for every 30 shares held offered at Rs 6 per share
Dev Information Tech: Split from Rs 10 to Rs 5
Global Education: Ex-date interim dividend 30% at Rs 1.5 per share
FII Activity on Thursday:
Foreign portfolio investors (FPIs) remained net buyers for Rs 1231.98 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net sellers to the tune of Rs 235.66 crore, provisional data showed on the NSE.
FII Index and Stock F&O:
Image Source – Stockedge
Bulk Deals:
Keystone Realtors Limited: Plutus Wealth Management LLP bought 17,10,000 equity shares in the company at the weighted average price Rs 555.03 per share on the NSE, the bulk deals data showed.
Fino Payments Bank Ltd: WF Asian Smaller Companies Fund Limited bought 34,21,845 equity shares in the company at the weighted average price Rs 228.77 per share on the NSE, the bulk deals data showed.
Venus Pipes & Tubes Ltd: Hemant Rajnikant Shah sold 1,05,000 equity shares in the company at the weighted average price Rs 649.46 per share on the NSE, the bulk deals data showed.
Vivo Collab Solutions Ltd: Desai Jagruti R bought 16,000 equity shares in the company at the weighted average price Rs 100.7 per share on the NSE, the bulk deals data showed.
Stocks under F&O ban on NSE
No stock was placed under the F&O ban for Friday. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.
