Zee Business Stock & Trading Guide: Indian markets started the week on a weak note and lost around a percent, continuing the decline of the previous session. After the initial decline, the Nifty traded in a narrow band till the end and touched the day’s low at 18,159.95 levels.
The 30-share BSE Sensex was down 518.64 points, or 0.84 percent, at 61,144.84. It fell 604.15 points, or 0.97%, to 61,059.33 on the day. Most sectoral indices traded in line with the benchmark and ended lower, with real estate, IT and energy being the biggest losers.
Here is a list of things to watch out for on November 22, 2022
What should investors do?
Participants should consider the decline as a normal gain after the recent rally and we expect the 17950-18050 zone to act as an immediate support in the Nifty.
While we see a mixed trend across sectors, resilience in the banking sector has been playing an important role in overcoming the damage so far. We recommend continuing with an equity trading approach and maintaining positions on both sides.
– Ajit Mishra, VP – Research, Religare Broking Ltd
Key support and resistance levels for Nifty50:
The Nifty50 closed down 0.81 percent at 18,159. Key pivot points (Fibonacci) for the index are supported at 18135.89, 18105.44 and 18056.17, and resistance at 18234.44, 18264.89 and 18314.17.
Key support and resistance levels for Nifty Bank:
Nifty Bank rose 0.21 percent to close at 42,346. Key pivot points (Fibonacci) for the index are supported at 42241.64, 42198.17 and 42127.8, and resistance at 42382.37, 42425.84 and 42496.2.
Total Open Interest:
Open Interest means the number of open or pending contracts in futures trading on NSE at any given time. A seller and a buyer create a contract together.
Here are the total values of Open Interest Positions taken by four participants, ie Clients Clients are retail individual investors investing in derivatives, DIIs domestic individual investors, FIIs foreign institutional investors and Pro trading proprietary and brokerage firms. on his own behalf.
Image source – Stockedge
Stocks in the News:
Reliance Industries: Jio gets NCLT approval for acquisition of Reliance Infratel.
Oil stocks in focus: Brent & Nymex each fell 5% on OPEC members’ plan to increase output.
Punjab National Bank appoints Binod Kumar as managing director effective today.
Kirloskar Electricity Company has decided to recall 29 retrenched workers at the company’s Bhudihal (Section-15) facility with effect from December 1, 2022.
Lupine signs MoU with Rajasthan government for healthcare system.
ASM Technologies Limited: Ex-date interim dividend of 10% Rs.1 per share
Container Corporation of India: Ex-date interim dividend Rs.3 per 60% share
EID Parry: Ex-date interim dividend 550% Rs 5.5 per share
IPCA Lab: Ex-date interim dividend 400% Rs 4 per share
Pearl Global Industries: Ex-date interim dividend of Rs 2.5 per 25% share
Great Eastern Shipping: Ex-date interim dividend of 72% Rs 7.2 per share
FII Activity on Monday:
Foreign portfolio investors (FPIs) remained net sellers to the tune of Rs 1,593.83 crore in Indian markets, while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1,262.91 crore, provisional data showed on the NSE.
FII Index and Fund F&O:
Image source – Stockedge
Archean Chemical Ind Ltd: Quant Money Managers Limited sold 6,50,000 shares in the company at a weighted average price of Rs 452.59 per share on the NSE, bulk deal data showed.
Delhivery Limited: CA Swift Investments sold 1,84,04,607 shares in the company at a weighted average price of Rs 330.02 per share on the NSE, bulk deal data showed.
JTL Industries Limited: Dugar Growth Fund Private Limited sold 3,50,000 shares in the company at a weighted average price of Rs 295.1 per share on the NSE, bulk deal data showed.
Easy Trip Planners Ltd: Saint Capital Fund bought 22,00,000 shares in the company at a weighted average price of Rs 52.5 per share on the NSE, bulk deal data showed.
Stocks under F&O ban on NSE
Escorts, GNFC, PNB, Sun TV and Indiabulls Housing Finance are under F&O ban on Tuesday. Securities in the F&O segment ban period include companies whose securities exceed 95 percent of the market-wide position limit.