Trading Idea for 18 Nov 20 (Wednesday): Important data to know before market opening

The nifty Support level is placed at 12800 followed by 12775. If Nifty starts going up, then the resistance level will be 12910 and 12975. While the Bank Nifty support level is placed at 28875 and 28450. If Bank Nifty starts going up, then the resistance level will be 29525 and 29990.

FII and DII data

Foreign Institutional Investors bought shares of Rs. 4905.35 crore while Domestic Institutional Investors sold shares of Rs. 3829.16 crore in Indian equity market on November  17, as per data NSE data.

F&O Ban on NSE

BHEL, Canara Bank, Indiabulls Housing Finance, SAIL, Sun TV, Tata Motors , LIC Housing Finance and Jindal Steel & Power securities are under the F&O ban for tomorrow (Nov 18).

Stock of The Day (18 Nov 20)

  • IIFL Securities – IIFL Securities is a Small Cap Company and having 1350 Crore Market Cap. It Operating in Financial Service Sector and deals in Fee & commission income. In Q2FY21, IIFL Securities has posted 547.59 Crore Sales in last quarter.
  • It is informed that meeting of Board of Directors of the Company will be held on Friday, November 20 for consideration of Buy-back of Fully Paid-up equity share of the Company.
  • IIFL Securities Share Price Opened at Rs.42.95 and later go to day high of Rs. 43.75 on NSE. The stock also hit day low of Rs. 41.15 and Closed at Rs. 42.25.
  • IIFL Securities may hit upper circuit (50.70) on 18 Nov 20. So You can focus on intraday basis this stocks for tomorrow.
  • How To Trade IIFL Securities on 18 Nov 20

Buy IIFL Securities , Target 1 = 46, Target 2 = 48, Target 3 = 50.70 Stop Loss = 41

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