BANKNIFTY Spot View: 27/02/2024
CMP: 46576.50
Moving AVG (EMA) 20 Hour & 40 Hour: 46744 & 46709
Moving AVG (EMA) 20 Day & 40 Day: 46330 & 46285
Support & Downside Range: 46320—46000---45560
Resistance & Upside Range: 46800—46965—47095--47365
Short Term Trend Reversal Level: --
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Trading View Summary:
• In today's intraday trading session key level to watch is 46320 support after opening if this support manage to hold then we may immediate see upside move towards minimum 46800 to 46965 & max 47095 to 47365 spot levels.
• After opening if 46320 manage to break on 15 to 30 mins sustain basis then we may see more downside move till 46000 minimum to max 45560 levels.
Key stock updates
🔸 Paytm
Vijay Shekhar Sharma will be stepping down as part-time non-executive chairman and board member at Paytm Payments Bank as part of a board restructuring.
🔸 Jindal Steel and Power
The company announced the deployment of 10 electric buses and 27 electric SUVs at its Angul unit in Odisha
🔸 Lemon Tree Hotels
The company announced the signing of two new properties at Vijayawada.
🔸 Power Mech Projects
The company received an order worth 396.3 crore from Southeast Central Railway for the execution of civil construction and electrical works.
🔸 TVS Motor
The company's Singapore arm will raise its stake in Germany-based Killwatt GmbH to 49% from 39.28%. The company acquired 8,000 shares of killwatt GmbH at €500 per share.
🔸 Hind Rectifiers
The company received the order worth Rs 200 crore from Indian Railways.
🔸 Sigachi Industries
The company and UAE-based Imass Investment have formed a joint venture, Sigachi Global, to enter the growing UAE food and pharma market
🔸 Indian Oil
State-run Indian Oil has cancelled the tender for setting up the first green hydrogen plant at the company's Panipat Refinery and Petrochemical Complex in Haryana.
🔸 CMS Infosystems
Promoter Sion Investment is likely to sell up to 26.7% stake in CMS Infosystems through block deals on Tuesday, according to reports.