Trading Idea for 19 May 21 (Wednesday): Important data to know before market opening

The nifty Support level is placed at 15025 followed by 15075. If Nifty starts going up, then the resistance level will be 15200 and 15275 While the Bank Nifty support level is placed at 33750 and 33500. If Bank Nifty starts going up, then the resistance level will be 34175 and 34475.

FII and DII data

Foreign Institutional Investors bought shares of Rs. 618.49 crore while Domestic Institutional Investors bought shares of Rs. 449.52 crore in Indian equity market on May 18, as per data NSE data.

Nifty and Bank Nifty Strategy for Tomorrow (19 May 21)

As per Live data at 2100 hrs on 18 May 21, Nifty showing down by 17 Points Now, Dow Jones showing 74 point down and Nasdaq showing 61 points up. COVID cases is also falling since last one week but FII Data is still mild postive but DII Data is positive, Following level keep in mind for wednesday trading session.

FII Data : Mild Positive

DII Data : Postive

F&O Data : Positive

Sentiment : Positive

Nifty Trading Strategy For Tomorrow (19 May 21)

If Nifty opens Gap down near 15050-15075 then must buy Immediate resistance 15175

If Nifty opens near 15175 then attempt for sell side so index may approach 15075-15050 then Immediate Resistance will be 15175.

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Bank Nifty Trading Strategy For Tomorrow (19 May 21)

If Bank Nifty opens Gap Up near 34100-34200 then Immediate support 33750/33500

If Bank Nifty opens near 34150-34250 then Immediate Resistance will be 34500

Important Support  & Resistance for Tomorrow

Support : (Nifty : 15025 & Bank Nifty : 33500)

Resistance : (Nifty : 15175 & Bank Nifty : 34175/34500)

Latest Corporate Action

• Minda Corporation Limited –  Q4 Profit at Rs. 8367 lakhs versus Loss of Rs. 24102 lakhs, Revenue at Rs. 228875 lakhs versus Rs. 213051 lakhs, Income at Rs. 3034 lakhs versus Rs. 4749 lakhs YoY (Good Result).

• Gujarat Alkalies and chemical Limited –  Q4 Profit at Rs.16685 lakhs versus profit of Rs. 33264 lakhs, Revenue at Rs. 242948 lakhs versus Rs. 272459 lakhs, Other Income at Rs. 6745 lakhs versus Rs. 8978 lakhs YoY (Mixed Result).

• ESTER Industries Limited –  Q4 Profit at Rs. 14207.77 lakhs versus profit of Rs. 9949.87 lakhs, Revenue at Rs. 99175.88 lakhs versus Rs. 103870.15 lakhs, Other Income at Rs. 797.83 lakhs versus Rs. 889.93 lakhs YoY (Good Result).

• Jindal Stainless (Hisar) Limited –  Q4 Profit at Rs. 477.78 crores versus Profit of Rs. 320.33 crores, Revenue at Rs. 8399.70 crores versus Rs. 8339.69 crores, Other Income at Rs. 95.26 crores versus Rs. 97.88 crores YoY (Good Result).

• Astral Limited – Q4 Profit at Rs. 3269 million versus Profit of Rs. 2008 million, Revenue at Rs. 24863 million versus Rs. 20428 million, Other Income at Rs. 207million versus Rs. 109 million YoY (Excellent Result).

• Torrent Pharma Limited –  Q4 Profit at Rs. 1138 crores versus Profit of Rs. 939 crores, Revenue at Rs. 6333 crores versus Rs. 6026 crores, Other Income at Rs. 118 crores versus Rs. 142 crores YoY (Good Result).

• F&O Ban on NSE

Cadila, NALCO, PNB, Sun TV, BHEL and SAIL securities are under the F&O ban for tomorrow (May 19).

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