Zee Business, Stock Guide, Trading Guide, Bulk Deals, Stocks in News, Corporate action on November 25, market: Indian markets showed a strong rally on the monthly closing day and gained more than percent. After the start of the gap, the benchmark indices rose gradually and gained significant momentum in the last half hour.
As a result, the Sensex hit a new high and the Nifty also came close to this milestone and closed at 18,484. All sectors have contributed to the movement of IT surpassing others. Broader indexes also posted modest gains, but participation was limited.
Markets have regained buoyancy and we expect the tone to continue, but participants should not go overboard and continue selective buying, said Ajit Mishra, VP – Research, Religare Broking Ltd. “The banking and IT package looks solid to us, while others see a mixed trend.”
Mishra reiterates his preference for index majors and quality averages and suggests a greater focus on overnight risk management.
A list of things to watch out for on November 25, 2022
Nifty: Technically, 16611 and 16888 are the next target levels for Nifty, while 18400 and 18250 will act as immediate and strong support levels. There is no sign of weakness and the Nifty is respecting its immediate moving averages nicely. Nifty IT is also showing signs of strength and may start doing well once it manages to clear the 30500 mark decisively.
Banknifty continues its outperformance and is likely to move towards the 44000 mark; however, 43333 is an immediate obstacle. On the downside, 42600 immediately became a support level.
Santosh Meena, Head of Research, Swastika Investmart Ltd.
Key support and resistance levels for Nifty50:
The Nifty50 closed up 0.13 percent at 18,267. Key pivot points (Fibonacci) for the index are supported at 18346.04, 18290.46 and 18200.5, and resistance at 18525.96, 18581.54 and 18671.5.
Key support and resistance levels for Nifty Bank:
Nifty Bank closed up 0.64 percent at 42,729. Key pivot points (Fibonacci) for the index are supported at 42852.37, 42759.43 and 42609.0, and resistance at 43153.23, 43246.17 and 43396.6.
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:
Future Consumer: The Board has decided to withdraw the merger between Integrated Food Park Limited and the company
PNB gets government approval to divest UTI AMC stake
Laurus Labs to buy 26 percent stake in Ethan Energy at Rs 52.70/share; 100 percent utilization of Ethan Energy’s 10 MW solar plant
G Rengarajan has resigned as Chief Financial Officer (CFO) of BAL Pharma
PVR is opening a 12 screen superplex in Thiruvananthapuram, Kerala
Biocon Biologics allots shares worth 2,205.63 cr ($270 million) to Biocon. Earlier this month, Biocon Biologics proposed to acquire the biosimilar assets of Viatris.
Nile Ltd: Ex-date interim dividend Rs.2 per 20% share
Manaksia Ltd: Ex-date interim dividend Rs.3 per 30% share
Roni Households: Rights issue of 1 share for every 5 shares offered at Rs 70 per share
Ajooni Biotech: Rights issue of 29 shares for every 30 shares offered at Rs 6 per share
Dev Information Technology: Divide Rs 10 to Rs 5
Global Education: Ex-date interim dividend of Rs 1.5 per 30% share
FII Activity on Thursday:
Foreign portfolio investors (FPIs) remained net buyers for Rs 1,231.98 crore in Indian markets, while Domestic Institutional Investors (DIIs) were net sellers for Rs 235.66 crore, provisional data showed on the NSE.
FII Index and Fund F&O:
Image source – Stockedge
Keystone Realtors Limited: Plutus Wealth Management LLP bought 17,10,000 shares in the company at a weighted average price of Rs 555.03 per share on the NSE, bulk deal data showed.
Fino Payments Bank Ltd: WF Asian Smaller Companies Fund Limited bought 34,21,845 shares in the company at a weighted average price of Rs 228.77 per share on the NSE, bulk deal data showed.
Venus Tubes & Tubes Ltd: Hemant Rajnikant Shah sold 1,05,000 shares in the company at a weighted average price of Rs 649.46 per share on the NSE, bulk deal data showed.
Vivo Collab Solutions Ltd: Desai Jagruti R bought 16,000 shares in the company at a weighted average price of Rs 100.7 per share on the NSE, bulk deals data showed.
Stocks under F&O ban on NSE
No shares were placed under the F&O ban on Friday. Securities in the F&O segment ban period include companies whose securities exceed 95 percent of the market-wide position limit.