Nifty Closed at 13109 and Sensex Closed at 44,655. GDP Number beat street expectation with record inflow by FII and Positive news regarding COVID-19 Vaccine News Pulled index upward and the trend remains on the upside on 02 Dec 20. Nifty Closed at 13109 Resistance at 13200 and support at 13050 and 13000. The index formed a bullish sign on a chart and heading towards 13200 in this expiry and 13500 by the end of this year. So Specially Focus on Banking, IT and Pharma Stocks.
Top Gainer
GAIL, Sun Pharma, Indusind Bank, UPL, TECHM
Top Losers
Nestle , Kotak Bank, Titan, Bajaj Fin, HDFC Bank
Most Active Securities (By Value)
Bajaj Finance, Reliance, HDFC, Kotak Bank, Sun Pharma, Indusind Bank, & TCS
Most Active Securities (By Volume)
Yes Bank, Vodafone Idea, GAIL, Tata Power, PNB, BOB, Tata Motors & BHEL.
Today Top News
Domestic Passenger vehicles sales was good in the last month & Commercial Passenger vehicles sales shows sign of recovery.
Vodafone Idea hiked tariff of two postpaid plan by Rs. 50/-. Shares of Vodafone Idea and Bharti Airtel was up by 2.5 and 3.5 percentage for the day.
Tomorrow Top Event
Burger King IPO : Price Bank Rs. 59-60/- , Lot Size – 250 , Issue Date – 02 to 04 Dec 20
Stock of The Day (02 Dec 20)
- Smartlink Holding Limited – Smartlink Holding Limited is a Small Cap Company (having 97.29 Crore Market Cap) Operating in Holding Company Sector In Q2FY21, Smartlink Holding Limited has reported a consolidated sales of Rs 16.60 Cr, up 17.35% from last quarter Sales of Rs. 14.14 Cr and down -18.45% from last year.
- It is informed that meeting of the Board of Directors of the Company will be held on Friday, December 04 for consideration of Buy-back of Fully Paid-up equity share of the Company.
- Smartlink Holding Limited Share Price Opened at Rs. 72.00 and later go today high of Rs. 74.40 on NSE. The stock also hit a day low of Rs. 72.00 and Closed at Rs. 73.15
- Smartlink Holding Limited may hit upper circuit (87.75) on 02 Dec 20. So You can focus on the intraday basis this stocks for tomorrow.
- How To Trade Smartlink Holding Limited on 02 Dec 20
Buy Smartlink, Target 1 = 77, Target 2 = 82, Target 3 = 87 Stop Loss = 72
FII and DII data
Foreign Institutional Investors bought shares of Rs. 3242 crore while Domestic Institutional Investors sold shares of Rs. 1043.21 crore in Indian equity market on December 01, as per data NSE data.
Nifty and Bank Nifty Analysis
The nifty Support level is placed at 13055 followed by 13000. If Nifty starts going up, then the resistance level will be 13150 and 13200. While the Bank Nifty support level is placed at 29500 and 29200. If Bank Nifty starts going up, then the resistance level will be 30000 and 30450. So focus following trade on 02 Dec 20.
Buy 13200CE @ 44-45 Target 1- 60 , Target 2 – 75, Target 3 – 100 Stop Loss = 15
Buy 30500CE @ 90-95 Target 1- 150, Target 2 – 225, Target 3 – 300 Stop Loss = 50
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