Trading Idea for 13 Jan 21 (Wednesday): Important data to know before market opening

The nifty Support level is placed at 14518 followed by 14475. If Nifty starts going up, then the resistance level will be 14625 and 14700. While the Bank Nifty support level is placed at 32000 and 31750. If Bank Nifty starts going up, then the resistance level will be 32745 and 32975.

FII and DII data

Foreign Institutional Investors bought shares of Rs. 571.47 crore while Domestic Institutional Investors sold shares of Rs. 1334.50 crore in the Indian equity market on January 12, as per data NSE data.

Latest Corporate Action

• Tata Motors Limited –  Tata Motors has not taken any decision regarding a strategic partner for its PV business and categorically denies any and all rumours suggesting the same as per official statement.

• Tata Elxsi Limited –  Q3 Profit at Rs. 10520.11 lakhs versus Rs. 7542.01 lakhs, Revenue at Rs. 47709.71 lakhs versus Rs. 42343.81 lakhs, Other Income at Rs. 1508.50  lakhs Profit versus Rs. 2052.46 lakhs YoY (Good Result).

• Filatex Limited –  Q3 Profit at Rs. 6604 lakhs versus Rs. 1857 lakhs, Revenue at Rs. 72159 lakhs versus Rs. 73773 lakhs, Other Income at Rs. 180  lakhs Profit versus Rs. 144 lakhs YoY (Good Result).

• HPL Electric & Power Limited –  Q3 Profit at Rs.840.97 lakhs versus Rs. 675.93 lakhs, Revenue at Rs. 24398.77 lakhs versus Rs. 24413.64 lakhs, Other Income at Rs. 79.89  lakhs Profit versus Rs. 75.36 lakhs YoY (Good Result).

• Vikas Multicorp Limited –  Q3 Profit at Rs. 6.62 lakhs versus Rs. 113.43 lakhs, Revenue at Rs. 942.95 lakhs versus Rs. 4713.60 lakhs, Other Income at Rs. 375.68  lakhs Profit versus Rs. 113.94 lakhs YoY (Poor Result).

• Bharti Airtel Limited – It is informed that in compliance of the FDI approval dated Jan 20, 2020 granted to the company by the Department of Telecommunications, the company has received approvals for its relevant downstream investments. Accordingly, the company is initiating the process to revise its foreign investment limit, as notified to its depositories, to 100% with immediate effect.

• F&O Ban on NSE

SAIL securities are under the F&O ban for tomorrow (Jan 13).

• Result Scheduled On January 13

Infosys, Wipro, Varroc Engineering, 5 Paisa Capital, CESC, GTPL, Amtek Auto will announce their quarterly results on 13 Jan 21.