Trading Idea for 11 Nov 20 (Wednesday): Important data to know before market opening

The nifty Support level is placed at 12500 followed by 12375. If Nifty starts going up, then the resistance level will be 12700 and 12775. While the Bank Nifty support level is placed at 28475 and 27950. If Bank Nifty starts going up, then the resistance level will be 29025 and 29500.

FII and DII data

Foreign Institutional Investors bought shares of Rs. 5627.32 crore while Domestic Institutional Investors sold shares of Rs. 2309.19 crore in the Indian equity market on November 10, as per data NSE data.

F&O Ban on NSE

Jindal Steel security is under the F&O ban for tomorrow (Nov 11).

Latest Corporate Action

• RCF Limited –  Q2 Profit at Rs. 10384 lakhs versus Rs. 2089 lakhs Loss, Revenue at Rs. 231694 lakhs versus Rs. 245660 lakhs, Other Income at Rs. 3209 lakhs Profit versus Rs. 3251 lakhs YoY (Good Result).

• Varroc Engineering Limited –  Q2 Profit at Rs. 246.94 millions versus Rs. 244.06 millions, Revenue at Rs. 6464.41 millions versus Rs. 5872.28 millions, Other Income at Rs. 115.77 millions versus Rs.124.60 millions YoY (Good Result).

• Pilani Investment And Industrial Corporation Limited –  Q2 Profit at Rs. 4644.70 lakhs versus Rs. 6055.10 lakhs Profit, Interest earned at Rs. 4315.52 lakhs versus Rs2324.94 lakhs, (Good Result).

• Aarti Industries Limited –  Q2 Profit at Rs. 16738 lakhs versus Rs. 17119 lakhs Profit, Revenue at Rs.127807 lakhs versus Rs. 101904 lakhs, Other Income at Rs. 02 lakhs Profit versus Rs. 557 lakhs YoY (Good Result).

• TD Power System Limited –  Q2 Profit at Rs. 1861.83 lakhs versus Rs. 557.59 lakhs Profit, Revenue at Rs. 18310.26 lakhs versus Rs. 13948.21 lakhs, Other Income at Rs. 183.16 lakhs Profit versus Rs. 281.26 lakhs YoY (Good Result).

• V-Mart Retail Limited –  Q2 Loss at Rs. 1896.39 lakhs versus Rs. 1804.14 lakhs Loss, Revenue at Rs. 17550.59 lakhs versus Rs. 31415.86 lakhs, Other Income at Rs. 1501.45 lakhs Profit versus Rs. 117.72 lakhs YoY (Poor Result).

• Gujarat Alkalies And Chemical Limited –  Q2 Profit at Rs. 6836 lakhs versus Rs. 10226 lakhs Profit, Revenue at Rs. 63825 lakhs versus Rs. 69881 lakhs, Other Income at Rs. 2814 lakhs Profit versus Rs. 3688 lakhs YoY (Good Result).

• NMDC Limited –  Q2 Profit at Rs. 773.66 crore versus Rs. 703.27 crore, Revenue at Rs. 2229.89 crore versus Rs. 2241.76 crore, Other Income at Rs. 88.36 crore Profit versus Rs. 127.54 crore Profit YoY.

• HIL Limited –  Q2 Profit at Rs. 4559 lakhs versus Rs. 208 lakhs, Revenue at Rs. 34782 lakhs versus Rs. 29199 lakhs, Other Income at Rs. 850 lakhs Profit versus Rs. 1251 lakhs YoY (Good Result).

• IG Petrochemicals Limited –  Q2 Profit at Rs. 2344.14 lakhs versus Rs. 340.33 lakhs, Revenue at Rs. 24236.37 lakhs versus Rs. 26660.02 lakhs, Other Income at Rs. 104.38 lakhs Profit versus Rs. 131.61 lakhs YoY (Good Result).

• Albert David Limited –  Q2 Profit at Rs. 979.30 lakhs versus Rs. 792.24 lakhs, Revenue at Rs. 7168.76 lakhs versus Rs. 8961.17 lakhs, Other Income at Rs. 302.98 lakhs Profit versus Rs. 145.68 lakhs YoY (Good Result).

Result on November 11

Orchid Pharma, NIACL, SH Kelkar Limited, Mishra Dhatu Nigam Limited, Metropolis, MAS Financial Services, Himadri Speciality Chemical and Sintex Plastic will declared Q2FY21 results on 11 Nov 20.