BENGALURU TRADER CLUB

Nifty opening at 24207
Support 1 - 24175
Support 2 - 24100

Resistance 1 - 24260
Resistance 2 - 24300

Have a profitable day🙌

As expected Nifty fell to 24300 downside after breaking 24400 👆

Now 24200 crucial levels to watch👀

Nifty 24500 to 24540 PDH Resistance zone for the day if breaks with good volume then we can expect good movement

Below 24400 support zone if breaks 24320 to 24300 we can expect to fall

Have profitable expiry day🙌

Nifty opening at 23916
If breaks below 23810 to 23800 good support levels (yesterdays bounce back zone)
Upper side 24000 Resistance

Nifty and banknifty pre market charts👆

USA ELECTION Results erodrindha markets extremely volatile trade ago chances erutte e week so careful agi trade maadi with proper risk management ✅
Have a profitable day🙌

Nifty pre market details ⬇️
Nifty opening flat at 24315 levels
Support 1 - 24300 to 24280
Support 2 - 24200
Resistance 24400

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ಮನೆ ಮತ್ತು ಅಂಗಳದಲ್ಲಿ ದೀಪಗಳು ಬೆಳಗಲಿ, ಸಂತೋಷದ ದೀಪಗಳು ಮನೆ ಮತ್ತು ಅಂಗಳದಲ್ಲಿ ಸಮೃದ್ಧಿ ತರಲಿ

ಹಿರಿಯರ ಆಶೀರ್ವಾದದಿಂದ ನಿಮ್ಮ ಬದುಕು ಸದಾ ದೀಪದಂತೆ ಪ್ರಕಾಶಮಾನವಾಗಿರಲಿ

ದೀಪಾವಳಿಯ ಶುಭಾಶಯಗಳು🙏❣️

Sector overview 👆

Live market Analysis

Banknifty 51500 to 51590 Resistance
51160 Support
51000 Support 2

Nifty 24400 Resistance
24300 make or break levels
If breaks 24200 next support

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Good morning

Nifty50's lot size has been increased from 25 contracts to 75, a 3x jump. Nifty Bank lot size has been doubled to 30 from 15 at present. Nifty Financial Services, also known as Fin Nifty, will see the lot size going up from 25 to 65. Nifty Midcap Select's lot size increases from 50 to 120.

Pre Market Update (18-10-2024) :

NIFTY: Nifty ended in red on Thursday as FIIs were still net sellers. GIFT Nifty indicates a negative opening. It has support

Result corner

- Axis Bank Ltd. Q2FY25 consolidated revenues rise by 17% YoY to ₹37,142 cr and net profits rise 18% YoY to ₹6,917.57 cr
- Infosys Ltd. Q2FY25 consolidated revenues rise by 5.1% YoY to ₹40,986 cr and net profits rise by 4.7% YoY to ₹6,506 cr
Key results today: HINDZINC, ICICIGI, JIOFIN, TATACONSUM and more.

Stocks in news

- BLS  Company completed the acquisition of 51% stake in SLW Media Private Limited on October 17, 2024.

-  MGL Company's allocation for CNG (Transport) has been reduced by 20%, effective October 16, 2024. The reduction in allocation will have an adverse impact on the profitability of the company.

- IRCTC  Advance reservation period for railway tickets reduced to 60 days.

-  ONGC Company to reduce arbitration, use IIAC services.

- NESTLEIND  Company says it will soon launch Cerelac variants with no refined sugar.

- ZOMATO  Company's board to consider raising funds via QIP on October 22.

- MARUTI  Company's Manesar plant becomes fastest to hit 1 crore production milestone
globally.

- ITC  Company launches 9.45 MW solar plant in Karnataka to boost renewable energy
goals.

- BORORENEW  Company urges govt on imposing anti-dumping duty on Chinese solar glass.

- LICHSGFIN   Company accepts bids worth Rs 1,300 cr for 5-year bonds. 

Quick Takeaways

-China announces fresh round of measures to boost property sector.

-Mutual Fund AUM at all-time high of Rs 67.90 lakh crore in September: AMFI

-Cargo volume at 12 major ports rises 5% to 413.747 MMT in September: Ports ministry.

Morning Update (16-10-2024) :

NIFTY: Nifty ended in red on Tuesday and FIIs were still net sellers. Following global cues, our view is neutral to negative for today. It has support at 24900.



Result corner

- HDFC AMC Ltd. Q2FY25 consolidated revenues rise by 38% YoY to ₹1,058.19 cr and net profits rise 32% YoY to ₹576.61 cr
- HDFC Life Insurance Company Ltd. Q2FY25 consolidated net premium income rise by 12% YoY to ₹16,570 cr and net profits rise by 14.8% YoY to ₹433 cr
Key results today: BAJAJ-AUTO, CRISIL, LTTS  and more.

Stocks in news

- GRINFRA  Company gets Letter of Acceptance worth ₹1,885.6 crore from Maharashtra State Road Development Corp.

- PNCINFRA  Company bags order worth ₹4,630 crore for two projects from Maharashtra State Road Development Corporation.

- ASHOKA  Company has received the letter of acceptance from Brihanmumbai Municipal Corporation for the construction of Flyover Arm1 Arm-2 at T Junction on Sion Panvel Highway Maharashtra Nagar in M/E Ward. The accepted Bid Price for the Project is Rs.1,126.58 crore, including taxes.

- BHAGERIA  Company gets LOA for solar power developer, LOA for solar photovoltaic power generating stations of capacity of 32 MW (AC).

- CEIGALL  Company emerged as L1 bidder for construction of 4 lane elevated road, Company declared L1 bidder with bid project cost of Rs 2.07 billion. 

- RAILTEL  Company secures Rs. 79.84 Cr order from MHADA.

- CGCL  Company enters green financing with rooftop solar finance, partners with credit fair as loan service providers aims to build a separate Rs 1000 Cr loan-book in coming years

- COCHINSHIP  India government to sell up to 5% stake in cochin shipyard via offer for sale, floor price for India GOVT's stake sale in cochin shipyard at Rs 1,540 rupees/share. 

- COALINDIA   Company's process for signing fuel supply pacts becomes digital.

- BEML  Company has been awarded a contract valued at ₹866.87 crore by Integral Coach Factory (ICF), Chennai,

RBI Monetary policy today @10am
Maket may react based on policy reports keep eye on RBI meeting

Have a profitable day📈📉

Nifty opening flat + 36 points

Higher levels resistance at 24900
Resistance 2 at 25000
Lower levels support at 24700

Live market analysis ⬇️

Nifty 25100 important make or break levels
Nifty 25100 important make or break levels

25000 crucial support zone
25200 Resistance