Zee Business Stock and Trading Guide: Indian markets remained subdued and fell nearly half a percent amid mixed readings. The Nifty index traded lackluster in a tight range for most of the session, but the decline over the past half hour pushed the index into the red.
Nifty and Sensex settled at 18,343.9 and 61,750, each down around 0.4%. The decline was widespread in which automotive, media and IT lost more than one percent each. The broader indexes also remained under pressure and fell nearly half a percent each on Thursday.
Here’s a list of things to watch out for on November 18, 2022
What should investors do?
The recent structure of the market indicates the possibility of profit taking or consolidation ahead. However, we expect Nifty to hold the 17800-18100 area.
The prevailing underperformance on the broader front is already hurting sentiment and could deteriorate further during the corrective phase. We therefore reaffirm our desire to remain selective and to focus on the sizing of positions.
– Ajit Mishra, Vice President – Research, Religare Broking Ltd
Key support and resistance levels for Nifty50:
The Nifty50 closed 0.36% higher at 18,343. Key pivot point (Fibonacci) support for the index is placed at 18318.14, 18293.43 and 18253.43, while resistance is placed at 18398.13, 18422.84 and 18462.83.
Key support and resistance levels for Nifty Bank:
Nifty Bank closed 0.18% higher at 42,458. Key pivot point (Fibonacci) support for the index is placed at 42384.64, 42324.17 and 42226.3, while resistance is placed at 42580.37, 42640.84 and 42738.7.
Gross open interest:
Open Interest means the number of open or open contracts in NSE Futures at any given time. A seller and a buyer together create a contract.
Here, the gross values of open interest positions taken by the four participants, i.e. Clients are Clients are individual retail investors who invest in derivatives, DIIs are domestic individual investors, FIIs are retail investors foreign institutional and Pro are the owners and brokerage firms that trade. in their own name.
Image source – Stockedge
Actions in the news:
CSB Bank: Reserve Bank of India approves appointment of Bhama Krishnamurthy as part-time chairman
Vedanta Board meeting on November 22 to consider the third interim dividend for FY23.
Fortis Healthcare: SEBI urges IHH to secure an order from Delhi HC to proceed with the open offer
BEL signs MoU with AWEI to meet domestic and export market needs
Ultratech Cement starts operations at the company’s third Birla White Wall Care Putty plant in Nathdwara, Rajasthan with a capacity of 4 lakh mt per year at a total cost of Rs 187 cr
Astral Limited: ex-date interim dividend of 120% at Rs 1.25 per share
Emami: ex-date interim dividend of 400% at Rs 4 per share
ESAB India: ex-date interim dividend of 300% at Rs 30 per share
HAL: ex-date interim dividend of 200% at Rs 20 per share
Info Edge: Interim dividend ex-date 100% at Rs 10 per share
La Opala RG: Interim dividend ex-date 100% at Rs 2 per share
MSTC: ex-date interim dividend of 55% at Rs 5 per share
FII activity on Thursday:
Foreign portfolio investors (REITs) remained net buyers at Rs 618.37 crore in Indian markets while domestic institutional investors (DIIs) were net buyers at Rs 449.22 crore, preliminary data showed on the NSE.
FII Index and F&O Stock:
Image source – Stockedge
One 97 Communications Ltd: SVF India Holdings (Cayman) Limited has sold 2,93,50,000 shares of the company at a weighted average price of 555.67 rupees per share on the NSE, according to wholesale trading data.
Hi-Tech Pipes Limited: Mahesh Dinkar Vaze has sold 1,35,000 shares of the company at a weighted average price of Rs 596.61 per share on the NSE, according to wholesale trading data.
CMS Info Systems Limited: Purvi Prabhatchandra Jain has sold 56,067 shares in the company at a weighted average price of Rs 235.22 per share on the NSE, according to wholesale trading data.
Amiable Logistics (I) Ltd: Prakashbhai Mahendrabhai Dave bought 17,600 shares in the company at a weighted average price of Rs 143.2 per share on the NSE, according to wholesale trading data.
Stocks under F&O ban on NSE
Balrampur Chini, BHEL, Delta Corp, GNFC, Sun TV and Indiabulls Housing Finance are placed under the F&O ban for Friday. Blackout securities in the F&O segment include companies in which the security has exceeded 95% of the market-wide position limit.