Trading Idea for 21 Apr 20 (Tuesday): Important data to know before market opening

The nifty Support level is placed at 9198.15 followed by 9145.50. If Nifty starts going up, then the resistance level will be 9255.25 and 9445.25. While the Bank Nifty support level is placed at 20265.45 and 20005.25. If Bank Nifty starts going up, then the resistance level will be 20950 and 21250.50.

FII and DII data

Foreign Institutional Investors sold shares of Rs. 265.8 crore while Domestic Institutional Investors sold shares of Rs. 788.8 crore in the Indian equity market on April 20, as per data NSE data.

F&O Ban on NSE

No security is under the F&O ban for tomorrow (Apr 21).

Board Meetings

• Kotak Mahindra Bank  – Meeting of Board of Directors of the company is scheduled to be held on Apr 22 to consider raising of the fund through private placement.

• Indian Hotels  – Meeting of Board of Directors is scheduled on April, 22 to consider the raising of funds through Non-Convertible Debentures.

• Infosys –  IT Firm reported profit fell 3.1 per cent while revenue rose 0.8% for the Q4 FY 20.
• ACC –     Board will announce audited standalone and consolidated financial results of the company for the Quarter and Year ended March 31, 2020, and recommendation of final dividend for the financial year ended March 31, 2020.

• CRISIL – Board will announce audited standalone and consolidated financial results of the company for the Quarter and Year ended March 31, 2020, and recommendation of final dividend for the financial year ended March 31, 2020.

• ICICI PRU Life Insurance – Board will announce audited standalone and consolidated financial results of the company for the Quarter and Year ended March 31, 2020, and recommendation of final dividend for the financial year ended March 31, 2020.

• Den Networks  – Board will announce audited standalone and consolidated financial results of the company for the Quarter and Year ended March 31, 2020.

• GTPL Hathway – Board will announce audited standalone and consolidated financial results of the company for the Quarter and Year ended March 31, 2020.