Trading Idea for 18 Aug 20 (Tuesday): Important data to know before market opening

The nifty Support level is placed at 11175.25 followed by 11195.25. If Nifty starts going up, then the resistance level will be 11295.50 and 11345.25. While the Bank Nifty support level is placed at 21435.75 and 21150.25. If Bank Nifty starts going up, then the resistance level will be 21945.25 and 22175.25.

FII and DII data

Foreign Institutional Investors bought shares of Rs. 332.9 crore while Domestic Institutional Investors sold shares of Rs. 717.62 crore in the Indian equity market in August 17, as per data NSE data.

F&O Ban on NSE

Eleven security is under the F&O ban for tomorrow (Aug 18). List of Nine Stock as follows:-

Vodafone Idea, SAIL, Bata, Glenmark Pharma, , Manappuram Finance, Jindal Steel, Vedanta, Ashok Leyland, Aurobindo Pharma, BHEL and Sun TV.

Stock Latest News

RBL Bank – Meeting of Board of Directors Scheduled to be held on Aug 20, 2020 to consider and approve raising of funds by way of issue of equity shares of the Bank on a preferential basis.

Arihant Foundations & Housing Limited – Meeting of Board of Directors Scheduled to be held on Aug 24, 2020 to consider voluntary delisting of equity shares from National Stock Exchange.

HFCL Ltd – Q1 Profit at Rs. 20.61 crores versus Rs. 89.34 crores, Other Income Rs. 3.14 crores versus Rs. 3.20 crores & revenue at Rs. 659.38 crores versus Rs. 1203.81  crores YoY.

Petronet LNG – Q1 Profit at Rs. 49979 lakhs versus Rs. 56192 lakhs profit, Other Income Rs. 6838 lakhs versus Rs. 10441 lakhs & revenue at Rs. 495195 lakhs versus Rs. 871785 lakhs YoY.

Sakar Healthcare Ltd – Q1 Profit at Rs. 258.79 lakhs versus Rs. 161.23 lakhs profit, Other Income Rs. 23.32 lakhs versus Rs. 33.61 lakhs & revenue at Rs. 2038.08 lakhs versus Rs. 1672.36 lakhs YoY.

Result Scheduled On August 18

HAL, KNR Construction, Uflex, GTL Infra