Trading Idea for 17 Apr 20 (Friday) : Important data to know before market opening

The nifty Support level is placed at 8865.50 followed by 8735.20. If Nifty starts going up, then the resistance level will be 9099.25 and 9199.25. While the Bank Nifty support level is placed at 18890.50 and 18395.75. If Bank Nifty starts going up, then the resistance level will be 19700.50 and 20050.50.

FII and DII data                              

Foreign Institutional Investors sold shares of Rs. 2920.36 crore, while Domestic Institutional Investors bought shares of Rs. 1321.44 crore in the Indian equity market on April 16, as per data NSE data.

F&O Ban on NSE

No security is under the F&O ban for tomorrow (Apr 17)            

Latest Corporate Action

• Dr Lal Path Lab  – CRISIL has revised Long Term Rating with CRISIL AA -, outlook stable and CRISIL A1+ for Short Term Rating for the debt instrument.

• Deepak Fertilisers and Petrochemical  – ICRA has withdrawn Non-Convertible Debenture to ICRA A+ with outlook stable and reaffirmed Term Loan and Cash Credit to ICRA A+ with outlook stable.

• TCS –      Tata Consultancy Services announced a consolidated profit of Rs. 8049 crores, decline of 0.85 per cent compared to QoQ.

• Future Life Style Fashion Ltd – CARE Reaffirmed Long Term Bank facilities & Non Convertible Debentures to CARE AA- with outlook revised from Positive to Negative.

Board Meetings

• Apollo Tyres – Meeting of Board of Directors of the company is scheduled to be held on Apr 17 to consider the issue of non-convertible debenture through private placement.

• RT Exports –  Meeting of Board of Directors of the company is scheduled to be held on Apr 17 for general purpose.