Trading Idea for 12 Aug 20 (Wednesday): Important data to know before market opening

The nifty Support level is placed at 11290.25 followed by 11255.75. If Nifty starts going up, then the resistance level will be 11365.50 and 11405.25. While the Bank Nifty support level is placed at 22085.75 and 21955.25. If Bank Nifty starts going up, then the resistance level will be 22325.75 and 22425.25.

FII and DII data

Foreign Institutional Investors bought shares of Rs. 1013.66 crore while Domestic Institutional Investors sold shares of Rs. 1415.54 crore in the Indian equity market in August 11, as per data NSE data.

F&O Ban on NSE

Nine security is under the F&O ban for tomorrow (Aug 12). List of Nine Stock as follows:-

Vodafone Idea, SAIL, Bata, Canara Bank, Glenmark Pharma, Indiabulls Housing Finance, Muthoot Finance, Century Textiles and Vedanta.

Stock Latest News

Embassy Office Parks REIT – Meeting of Board of Directors is scheduled on August, 14 to consider and approve availing debt at REIT Trust level by way of issuance of Non-Convertible debentures/Debt securities by Embassy Office Park REIT.

Sagar Deep – Meeting of Board of Directors is scheduled on August 21, to consider the proposal for issue of Bonus Shares.

ELGI Equipment – Meeting of Board of Directors is scheduled on August 14, to consider the proposal to recommend the issuance of bonus shares.

Take Solution – India Ratings & Research has revised Issuer Rating with IND A -, CARE Rating has revised Issuer Rating with CARE A-.

Nandan Denim Ltd – Brickwork India Rating has Downgraded cash credit – Long Term & Term Loan – Long Term with BWR BBB+ with Negative Implication.

Result Scheduled On August 12

Aarti Industries, Ashok Leyland, Auro Pharma, Brigade Enterprises, Graphite India, Natco Pharma, NCC, TCI, Tata Power, Bharat Forge.

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