Trading Idea for 21 Jan 21 (Thursday): Important data to know before market opening

The nifty Support level is placed at 14575 followed by 14495. If Nifty starts going up, then the resistance level will be 14715 and 14785 While the Bank Nifty support level is placed at 32275 and 31950. If Bank Nifty starts going up, then the resistance level will be 32775 and 32975.

FII and DII data

Foreign Institutional Investors bought shares of Rs. 2289.05 crore while Domestic Institutional Investors sold shares of Rs. 864.62 crore in Indian equity market on January 20, as per data NSE data.

Latest Corporate Action

• VST Industries Limited –  Q3 Profit at Rs. 7371 lakhs versus Profit of Rs. 8148 lakhs, Revenue at Rs. 38040 lakhs versus Rs. 36846 lakhs, Other Income at Rs. 918 lakhs versus Rs. 1106 lakhs YoY (Poor Result).

• Phillips Carbon Black Limited –  Q3 Profit at Rs. 125.03 Crore versus Profit of Rs. 69.52 Crore, Revenue at Rs. 769.40 Crore versus Rs. 768.65 Crore, Other Income at Rs. 1.79 Crore versus Rs. 5.17 Crore YoY (Good Result).

• Tinplate Limited –  Q3 Profit at Rs. 3282.07 lakhs versus Profit of Rs. 4645.11 lakhs, Revenue at Rs. 61513.76 lakhs versus Rs. 53364.36 lakhs, Other Income at Rs. 677.09 lakhs versus Rs. 514.90 lakhs YoY (Mix Result).

• Havells Limited –  Q3 Profit at Rs. 349.13 Crore versus Profit of Rs. 199.47 Crore, Revenue at Rs. 3165.85 Crore versus Rs. 2269.87 Crore, Other Income at Rs. 39.17 Crore versus Rs. 23.90 Crore YoY (Good Result).

• Gulshan Polyols Limited –  Q3 Profit at Rs. 1860.48 lakhs versus Profit of Rs. 477.64 lakhs, Revenue at Rs. 20912.89 lakhs versus Rs. 14045.85 lakhs, Other Income at Rs. 13.45 lakhs versus Loss Rs. 4.04 lakhs YoY (Good Result).

• Tejas Network Limited – Q3 Profit at Rs. 9.24 Crore versus Loss of Rs. 111.89 Crore, Revenue at Rs. 134.71 Crore versus Rs. 85.32 Crore, Other Income at Rs. 8.55 Crore versus Rs. 6.18 Crore YoY (Good Result).

• Oriental Aromatics Limited – Q3 Profit at Rs. 3635.51 lakhs versus Profit of Rs. 1774.69 lakhs, Revenue at Rs. 19067.86 lakhs versus Rs.17543.56 lakhs, Other Income at Rs. 28.89 lakhs versus Rs. 172.31 lakhs YoY (Good Result).

• F&O Ban on NSE

Sun TV, Idea and SAIL securities are under the F&O ban for tomorrow (Jan 21).

• Results Scheduled on January 21

Asian Paints, Bajaj Auto, SBI Card, Bandhan Bank, Biocon, SRF, Mphasis, Jindal Steel & Power, Aavas Financiers, Kajaria Ceramics, MCX, IEX, Apollo Tricot Tubes, JK Tyre, IIFL Securities  and Cyient will announce their Q3 results FY 20-21 on 21 Jan 21.

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