Trading Idea for 09 Nov 20 (Monday): Important data to know before market opening

The nifty Support level is placed at 12220 followed by 12025. If Nifty starts going up, then the resistance level will be 12395 and 12445. While the Bank Nifty support level is placed at 26350 and 26150. If Bank Nifty starts going up, then the resistance level will be 27025 and 27300.

FII and DII data

Foreign Institutional Investors bought shares of Rs. 4869.87 crore while Domestic Institutional Investors sold shares of Rs. 2938.66 crore in Indian equity market on November  06, as per data NSE data.

Latest Corporate Action

• Astral Poly Limited –  Q2 Profit at Rs. 661 millions versus Rs. 697 millions, Revenue at Rs. 5670 millions versus Rs. 5446 millions, Other Income at Rs. 39 millions versus Rs. 27 millions YoY (Good Result).

• Venus Remedies Limited –  Q2 Profit at Rs. 73.25 millions versus Rs.18.56 millions, Revenue at Rs. 1184.08 millions versus Rs. 800.81 millions, Other Income at Rs. 117.39 millions versus Rs. 7.28 millions YoY (Good Result).

• Capri Global Capital Limited –  Q2 Profit at Rs. 518.87 millions versus Rs.341.75 millions, Revenue at Rs. 1466.65 millions versus Rs. 1471.22 millions, Other Income at Rs. 3.64 millions versus Rs. 2.47 millions YoY (Good Result).

• Cipla Limited –  Q2 Profit at Rs. 659.35 crore versus Rs. 474.50 crore, Revenue at Rs. 4972.58 crore versus Rs. 4264.24 crore, Other Income at Rs. 53.47 crore Profit versus Rs. 100.52 crore Profit YoY (Good Result).

• Chemcon Speciality Chemicals Limited –  Q2 Profit at Rs. 1558.09 lakhs versus Rs. 1362.24 lakhs, Revenue at Rs. 6153.70 lakhs versus Rs. 6534.07 lakhs, Other Income at Rs. 14.19 lakhs Profit versus Rs. 73.82 lakhs YoY (Good Result).

• ITC Limited –  Q2 Profit at Rs. 3418.69 crore versus Rs. 4173.72 crore, Revenue at Rs. 13147.81 crore versus Rs. 12867.39 crore, Other Income at Rs. 582.25 crore Profit versus Rs. 629.88 crore Profit YoY (Poor Result).

• Voltas Limited –  Q2 Profit at Rs. 79.66 crore versus Rs. 107.28 crore, Revenue at Rs. 1612.54 crore versus Rs. 1421.97 crore, Other Income at Rs. 38.26 crore Profit versus Rs. 72.62 crore Profit YoY (Mix Result).

• Divi’s Laboratories Limited –  Q2 Profit at Rs. 51330 lakhs versus Rs. 35283 lakhs, Revenue at Rs. 171378 lakhs versus Rs. 140392 lakhs, Other Income at Rs. 1364 lakhs Profit versus Rs. 4736 lakhs YoY (Good Result).

• Jocil Limited –  Q2 Profit at Rs. 412.22 lakhs versus Rs. 404.41 lakhs, Revenue at Rs. 15478.74 lakhs versus Rs. 10242.47 lakhs, Other Income at Rs. 49.04 lakhs Profit versus Rs. 142.38 lakhs YoY (Mix Result).

• Mangalam Cement Limited –  Q2 Profit at Rs. 2132.78 lakhs versus Rs. 1473.28 lakhs, Revenue at Rs. 32072.69 lakhs versus Rs. 28925.27 lakhs, Other Income at Rs. 927.10 lakhs Profit versus Rs. 733.21 lakhs YoY (Good Result).