Equity Big Shot- Indian Market View, Vol 122

Settlement Price

Nifty: 14981.75 (-0.91%)

Bank Nifty: 35841.60(-2.04%)

USDINR: 72.57. (-0.28%)

FII Data (Approx.)

Institution/Daily Net Position/Monthly Net Position (Derivatives, In Crores...)

FII (+118cr.) (+23874cr.)

DII (-1274cr) (-16638cr.) 

Put Call Ratio/Maximum Pain

NIFTY 1.19/14900

BANK NIFTY 0.76/35700

Stocks in the news

Narayana Hrudayalaya - The company will invest USD 100 million for capacity expansion in Cayman Islands.

Jubilant FoodWorks - Wholly-owned subsidiary Jubilant Foodworks Netherlands B.V. has entered into a purchase agreement to fully acquire Fides Food Systems Coöperatief U.A.

Lincoln Pharmaceuticals - ICRA has upgraded the company's long-term rating to ICRA A and short-term rating to ICRA A1.

Foseco India - Approved the appointment of Mohit Mangal, as the chief financial officer (CFO) in place of R Umesh.

Aarti Drugs - The company wound up UAE-based subsidiary Pinnacle Life Science LLC.

NTPC - On successful commissioning, 5 MW last part capacity for 20 MW Auraiya Solar PV Project at Auraiya, UP, has been declared on Commercial Operation w.e.f. 00:00 Hrs. of 20.02.2021.

Nifty Spot

Nifty has support at 14900 and resistance at 15265---15450

Nifty took exact support of 14900 and bounced back. Nifty has crucial support at 14900. Break and close below 14900 will take it to 14500 levels else it could test it's resistance level of 15080---15150 levels.

More and more upside rally we will see on a close above 15150 levels only.

Bank Nifty Spot

Bank Nifty has support at 35700---35400 and resistance at 36700

Either side break or close with volume will decide further. Till then traders can trade within a range and wait for confirmation.

Top Pick

(Holding) Buy Thermax in cash above 1180. Stop loss below 1100. Target 1400+++

Some stocks looks positive on the weekly chart are-

Jagran... Above 50, target looks 76. Stop loss below 40

Heritage Food... Above 325, target looks 480. Stop loss below 250.

Jindal Saw... Looks positive above 79. Stop loss below 69.00

Supreme Industries... Looks positiveAbove 2000. Stop loss below 1850.

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