NIFTY Spot View: 28/02/2024
CMP: 22198.35
Moving AVG (EMA) 20 Hour & 40 Hour: 22156 & 22132
Moving AVG (EMA) 20 Day & 40 Day: 21957 & 21721
Support & Downside Range: 22150—22130 zone, 22108—22075 zone, 22020—21990 zone
Resistance & Upside Range: 22222--22250—22280—22335--22405
Short Term Trend Reversal Level: -- 21875
Trading View Summary:
• In today's trading session key level to watch is 22150—22130 support after opening if this support zone manage to hold then we may immediate move upside towards 22250 to 22280 minimum and max 22335 to 22405 spot levels as projection.
• After opening if 22222 rest manage to hold and we break downside 22150—22130 then intraday trend again turns sideways to range bound and we may fall downside till minimum 22108 to 22075 & max 22020 to 21990 spot levels.
GIFT Nifty: 22223
Nifty Futures :
S1 - 22130 S2 - 22050
R1 - 22300 R2 - 22380
BankNifty Futures :
S1 - 46350 S2 - 46100
R1 - 46800 R2 - 47100
FinNifty Futures :
S1 - 20600 S2 - 20520
R1 - 20740 R2 - 20830
MIDCPNIFTY :
S1 - 10930 S2 - 10850
R1 - 11080 R2 - 11150
S&P BSESENSX :
S1 - 72800 S2 - 72500
R1 - 73300 R2 - 73600
Nifty Highest Open Interest (29th Feb Monthly expiry) : Call: 23000 / Put : 21500
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Today's Market at 7:16am
US Market
Nasdaq = +460.75
Dow Jones = +456.87
S&P 500 = +105.23
European
Ftse 100 = +21.98
Cac 40 = +99.51
Dax = +252.33
Asian
Nikkei 225 = +836.52
Straits Times = -30.08
Hang Seng = -88.27
Taiwan weighted = +109.98
Kospi = +22.80
Gift Nifty = 22313(+46)
On 22nd Feb
Fii sells 1410.05 crore stocks
Dii buys 1823.68 crore stocks
Good News :
Vodafone Idea: The board has approved a fundraise plan of Rs 20,000 crore via equity as the debt-laden telecom operator keeps the hunt on for new investors and fund rollout of 5G. The promoters will also participate in the proposed equity raise.
Axis Bank: The Reserve Bank of India has approved the appointment of Munish Sharda as executive director and full-time director of the company.
Zee Entertainment Enterprises: The company has expanded the scope of its recently constituted independent advisory committee to include an investigation to review the allegations levelled by regulators and other parties.
Hindustan Zinc: The company incorporated a new subsidiary to explore, discover, develop and tap critical mineral resources. It will also participate in the auctioning of mining blocks containing critical minerals.
SJVN: The company's unit bagged a 100 MW solar power project at a tariff of Rs 2.64 per unit through competitive tariff bidding conducted by Gujarat Urja Vikas Nigam. The power purchase agreement for the same has been signed with Gujarat Urja Vikas Nigam for 25 years. The cost of Development for this project is Rs 642 crore.
GE T&D India: The company secured orders worth Rs 370 crore from Power Grid Corp. for the supply of 765 kV shunt reactors for various transmission system projects in India.
Indostar Capital Finance: The company will raise over Rs 450 crore by preferential allotment of warrants to Brookfield AMC and Florintree Tecserv. Brookfield to invest Rs 256.6 crore, and Florintree to invest Rs 200 crore in the company.
Mahindra and Mahindra: The company launched Thar Earth Edition starting at Rs 15.4 lakh.
Aether Industries: The company appointed James W. Ringer as Chief Technology Officer.
Titan: The company buys the remaining 0.36% stake in Caratlane for Rs 60.1 crore.
Tata Elsi: The company and Telefónica collaborate to achieve true cloud-native infrastructure management, revolutionising the telecommunications landscape.
Ircon: The company has appointed Debajyoti Kumar as Executive Director/Technical and Vinod Kumar Gupta as Executive Director/Works of the Company.
Allcargo Logistics: The crisis in Red Sea delayed shipments, leading to January volumes being reduced by 3%, the company said in its monthly business update. A decline in volume was witnessed in Latin America, Europe, and America. Shipment volumes in India witnessed an increase in January.
Persistent Systems: The company has dissolved its step-down subsidiary, Persistent System S.R. L., Italy.
Uttam Sugar Mills: The company acquired a majority stake in Uttam Distillers, making it a subsidiary.
Exide Industries: The company invested Rs 24.99 crore in its wholly owned subsidiary, Exide Energy Solutions, on a rights basis. The total investment stands at Rs 1,925 crore.
Cochin Shipyard: The company will inaugurate a hydrogen fuel cell ferry in virtual mode from
Thoothukudi.
ONGC: The company will establish ONGC Green as a wholly-owned subsidiary focusing on renewable energy and green hydrogen value chains.