Trading Idea for 19 Aug 20 (Wednesday): Important data to know before market opening

The nifty Support level is placed at 11350 followed by 11300. If Nifty starts going up, then the resistance level will be 11485.50 and 11545.25. While the Bank Nifty support level is placed at 21805 and 21450.25. If Bank Nifty starts going up, then the resistance level will be 22395.25 and 22595.25.

FII and DII data

Foreign Institutional Investors bought shares of Rs. 1134.57 crore while Domestic Institutional Investors sold shares of Rs. 379.38 crore in the Indian equity market in August 18, as per data NSE data.

F&O Ban on NSE

Twelve security is under the F&O ban for tomorrow (Aug 19). List of Nine Stock as follows:-

Vodafone Idea, SAIL, Bank of India, Indiabulls Housing Finance, Manappuram Finance, Jindal Steel, Adani Enterprises , Ashok Leyland, Aurobindo Pharma, BHEL , Zeel and Sun TV.

Stock Latest News

Dixon Technologies Ltd – Meeting of Board of Directors Scheduled to be held on Aug 21, 2020 to consider and approve raising of funds by way of issue of equity shares, fully/partly convertible debentures, foreign currency convertible bonds, warrants in one or more tranches.

Autoline Industries Ltd – Meeting of Board of Directors Scheduled to be held on Aug 24, 2020 to consider and approve raising of funds by way of issue of equity shares, and optionally convertible debentures on preferential basis.

UFLEX Ltd – Q1 Profit at Rs. 19654 lakhs versus Rs. 9068 lakhs profit, Other Income Rs. 386 lakhs versus Rs. 445  lakhs & revenue at Rs. 199754 lakhs versus Rs. 198197 lakhs YoY

ZEEL – Q1 Profit at Rs. 30.04 crores versus Rs. 530.6 crores, revenue at Rs. 1312 crores versus Rs. 2008  crores YoY. Now New Chairman of the board is R Gopalan whereas  Company appointed Chairman Emeritus as Subhash Chandra.

The Peria Karamalai Tea & Produce Company Ltd – Q1 Profit at Rs. 468.48 lakhs versus Rs. 238.59 lakhs profit, Other Income Rs. 3.83 lakhs versus Rs. 12.31 lakhs & revenue at Rs. 1639.60 lakhs versus Rs. 1139.79 lakhs YoY

Result Scheduled On August 19

Muthoot Finance, Ruchi Soya, CSB Bank, V2 Retail, Global Spirits.