Trading Idea for 20 Jan 21 (Wednesday): Important data to know before market opening

The nifty Support level is placed at 14475 followed by 14375. If Nifty starts going up, then the resistance level will be 14615 and 14695 While the Bank Nifty support level is placed at 32025and 31950. If Bank Nifty starts going up, then the resistance level will be 32775 and 32975.

FII and DII data

Foreign Institutional Investors bought shares of Rs. 257.55 crore while Domestic Institutional Investors sold shares of Rs. 199.30 crore in Indian equity market on January 19, as per data NSE data.

Latest Corporate Action

• Network 18 Limited –  Q3 Loss at Rs. 2784 lakhs versus Loss of Rs. 4055 lakhs, Revenue at Rs. 3492 lakhs versus Rs. 3242 lakhs, Other Income at Rs. 80 lakhs versus Rs. 287 lakhs YoY (Poor Result).

• Vaishali Pharma Limited –  Q3 Profit at Rs. 172.15 lakhs versus Profit of Rs. 24.44 lakhs, Revenue at Rs. 2129.63 lakhs versus Rs. 1035.81 lakhs, Other Income at Rs. 32.11 lakhs versus Rs. Nil lakhs YoY (Good Result).

• TV18 Broadcast Limited –  Q3 Profit at Rs. 2799 lakhs versus Profit of Rs. 2017 lakhs, Revenue at Rs. 30596 lakhs versus Rs. 28845 lakhs, Other Income at Rs. 777 lakhs versus Rs. 1484 lakhs YoY (Good Result).

• Ceat Limited –  Q3 Profit at Rs. 12755 lakhs versus Profit of Rs. 4778 lakhs, Revenue at Rs. 222244 lakhs versus Rs. 175353 lakhs, Other Income at Rs. 996 lakhs versus Rs. 314 lakhs YoY (Mix Result).

• Balaxi Limited – Q3 Profit at Rs.300.37 lakhs versus Profit of Rs. 247.39 lakhs, Revenue at Rs. 2091.19 lakhs versus Rs.1314.30 lakhs, Other Income at Rs. 22.00 lakhs Loss versus Rs. 69.85 lakhs YoY (Poor Result).

• Vardhman Special Steels Limited – Q3 Profit at Rs.2166.80 lakhs versus Profit of Rs. 181.01 lakhs, Revenue at Rs. 28765.21 lakhs versus Rs.18794.07 lakhs, Other Income at Rs. 318.92 lakhs versus Rs. 190.63 lakhs YoY (Good Result).

• Performance of Intraday Calls on 19 Jan 21

Buy Vishwaraj Sugar @ 125 Stop Loss @122 Target = 127/129 Tgt Hit

Buy Havells @ 997 Stop Loss @ 990 Target = 1002/1010 Tgt Hit

Buy ICICI Lombard @ 1535 Stop Loss @ 1520 Target 1540/1570 Tgt Hit

• F&O Ban on NSE

BHEL, Idea and SAIL securities are under the F&O ban for tomorrow (Jan 20).

• Results Scheduled on January 20

Bajaj Finance, Bajaj Finserv, Hindustan zinc, HDFC AMC, Havells India, L&T Technologies, Syngene, Federal Bank , Tinplate , Tejas Network, Confidence Petroleum, Sagar Cement, Phillips Carbon, VST Industries, Sterlite Tech AND Agro Tech will announce their Q3 results FY 20-21 on 20 Jan 21.

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