Trading Idea for 20 May 21 (Thursday): Important data to know before market opening

The nifty Support level is placed at 14975 followed by 14900. If Nifty starts going up, then the resistance level will be 15125 and 15175 While the Bank Nifty support level is placed at 33700 and 33500. If Bank Nifty starts going up, then the resistance level will be 34825 and 34025.

FII and DII data

Foreign Institutional Investors sold shares of Rs. 697.75 crore while Domestic Institutional Investors sold shares of Rs. 852.52 crore in Indian equity market on May 19, as per data NSE data.

Nifty and Bank Nifty Strategy for Tomorrow (20 May 21)

As per Live data at 2140 hrs on 19 May 21, Nifty showing up by 19 Points. Now Dow Jones showing 325 point down and Nasdaq showing 115 points down ahead of Fed Meeting. COVID cases is also falling since last one week but FII Data is still negative and DII Data is also negative, Following level keep in mind for Thursday trading session.

FII Data : Negative

DII Data : Negative

F&O Data : Positive

Sentiment : Positive but profit booking expected

Nifty Trading Strategy For Tomorrow (20 May 21)

If Nifty opens Gap down near 14925-14950 then must buy Immediate support 14900

If Nifty opens near 15075-15090 then attempt for sell side so index may approach 15050-15025  then Immediate Resistance will be 15125.

Bank Nifty Trading Strategy For Tomorrow (20 May 21)

If Bank Nifty opens Gap down near 33525-33575 then go for buy side Immediate support 33500

If Bank Nifty opens near 33950-33975 then go for sell side Immediate Resistance will be 34075

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Important Support  & Resistance for Tomorrow

Support : (Nifty : 14900 & Bank Nifty

: 33500)

Resistance : (Nifty : 15125 & Bank Nifty : 34075)

Latest Corporate Action

• Tanla Platform Limited –  Q4 Profit at Rs. 35613 lakhs versus Loss of Rs. 21116.56 lakhs, Revenue at Rs. 234146.55 lakhs versus Rs. 194283.97 lakhs, Other Income at Rs. 2193.48 lakhs versus Rs. 1236.46 lakhs YoY (Good Result).

• Indiabulls Housing Finance Limited –  Q4 Profit at Rs. 1201.59 crores versus Profit of Rs. 2185.92 crores, Revenue at Rs. 9721.96 crores versus Rs. 11548.60 crores, Other Income at Rs. 0.17 crores versus Rs. 863.04 crores YoY (Poor Result).

• MAS Financial Limited –  Q4 Profit at Rs. 14350.30 lakhs versus profit of Rs. 16655.35 lakhs, Revenue at Rs. 59218.31 lakhs versus Rs. 67200.09 lakhs, Other Income at Rs. 170.59 lakhs versus Rs. 71.75 lakhs YoY (Mixed Result).

• MAN Infra Limited –  Q4 Profit at Rs. 9241.99 lakhs versus profit of Rs. 6872.60 lakhs, Revenue at Rs. 11960.53 lakhs versus Rs. 10697.53 lakhs, Other Income at Rs. 11376.14 lakhs versus Rs. 9632.40 lakhs YoY (Excellent Result).

• Endurance Technologies Limited – Q4 Profit at Rs. 3921.99 million versus Profit of Rs. 4276.92 million, Revenue at Rs. 47730.30 million versus Rs. 49385.69 million, Other Income at Rs. 135.53 million versus Rs. 361.88 million YoY (Poor Result).

• TD Power System Limited –  Q4 Profit at Rs. 4520.44 lakhs versus profit of Rs. 2993.75 lakhs, Revenue at Rs. 59358.43 lakhs versus Rs. 51489.34 lakhs, Other Income at Rs. 932.25 lakhs versus Rs. 1318.76 lakhs YoY (Mixed Result).

• Vishnu Chemical Limited –  Q4 Profit at Rs. 3449.46 lakhs versus profit of Rs. 2222.91 lakhs, Revenue at Rs. 67176.15 lakhs versus Rs. 66385.87 lakhs, Other Income at Rs. 691.94 lakhs versus Rs. 964.36 lakhs YoY (Excellent Result).

• JK Tyre & Industries Limited –  Q4 Profit at Rs. 330.93 crores versus Profit of Rs. 141.31 crores, Revenue at Rs. 9102.20 crores versus Rs. 8722.70 crores, Other Income at Rs. 43.07 crores versus Rs. 30.59 crores YoY (Excellent Result).

• F&O Ban on NSE

Cadila, NALCO and SAIL securities are under the F&O ban for tomorrow (May 20).

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