Trading Idea for 24 May 21 (Monday): Important data to know before market opening

The nifty Support level is placed at 15075 followed by 14975. If Nifty starts going up, then the resistance level will be 15375 and 15525 While the Bank Nifty support level is placed at 34500 and 34200. If Bank Nifty starts going up, then the resistance level will be 34975 and 35025.

FII and DII data

Foreign Institutional Investors bought shares of Rs. 510.16 crore while Domestic Institutional Investors bought shares of Rs. 649.10 crore in Indian equity market on May 21, as per data NSE data.

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Nifty and Bank Nifty Strategy for Tomorrow (24 May 21)

As per Live data at 1330 hrs on 23 May 21, Nifty showing down by 104 Points. Now Dow Jones showing 182 point up and Nasdaq showing 64.75 points down, FII Data is Positive and DII Data is also Positive, Following level keep in mind for Monday trading session.

FII Data : Positive

DII Data : Positive

F&O Data : Positive

Sentiment : Positive

Nifty Trading Strategy For Tomorrow (24 May 21)

If Nifty opens Gap down near 15025-15075 then must buy Immediate support 14975.

Bank Nifty Trading Strategy For Tomorrow (24 May 21)

If Bank Nifty opens Gap down near 34225-34525 then go for buy side Immediate support  34025

Important Support  & Resistance for Tomorrow

Support : (Nifty : 14975 & Bank Nifty : 34000)

Resistance : (Nifty : 15525 & Bank Nifty : 35025)

Latest Corporate Action

• DCW Limited –  Q4 Profit at Rs. 379.31 lakhs versus Loss of Rs. 2676.16 lakhs, Revenue at Rs. 145426.17 lakhs versus Rs. 127727.68 lakhs, Other Income at Rs. 1133.19 lakhs versus Rs. 853.87 lakhs YoY (Good Result).

• Gujarat Ambuja Exports Limited –  Q4 Profit at Rs. 338.07 crores versus profit of Rs. 145.84 crores, Revenue at Rs. 4705.30 crores versus Rs. 3816.59 crores, Other Income at Rs. 28.85 crores versus Rs. 9.79 crores YoY (Excellent Result).

• Spandana Sphoorty Financial Limited –  Q4 Profit at Rs. 1289.82 millions versus profit of Rs. 3366.94 millions, Revenue at Rs. 14429.05 millions versus Rs. 14094.86 millions, Other Income at Rs. 218.41 millions versus Rs. 319.28 millions YoY (Mixed Result).

• Gujarat Polyols Limited –  Q4 Profit at Rs. 6245.55 lakhs versus of Rs. 2058.40 lakhs, Revenue at Rs. 76603.44 lakhs versus Rs. 62079.77 lakhs, Other Income at Rs. 187.42 lakhs versus Rs. 94.72 lakhs YoY (Excellent Result).

• Amber Enterprises India Limited – Q4 Profit at Rs. 8327.92 lakhs versus of Rs. 16414.49 lakhs, Revenue at Rs. 303052.01 lakhs versus Rs. 396279.33 lakhs, Other Income at Rs. 3309.99 lakhs versus Rs. 815.81 lakhs YoY (Poor Result).

• Akzo Nobel India Limited –  Q4 Profit at Rs. 2076.00 millions versus profit of Rs. 2374.10 millions, Revenue at Rs. 24213.50 millions versus Rs. 26618.10 millions, Other Income at Rs. 232.50 millions versus Rs. 376.20 millions YoY (Poor Result).

• Mangalam Cement Limited –  Q4 Profit at Rs. 10897.88 lakhs versus of Rs. 7590.21 lakhs, Revenue at Rs. 129825.95 lakhs versus Rs. 122825.10 lakhs, Other Income at Rs. 3291.67 lakhs versus Rs. 2972.58 lakhs YoY (Mixed Result).

• TVS Electronics Limited –  Q4 Profit at Rs. 77 lakhs versus of Rs. 39 lakhs, Revenue at Rs. 22411 lakhs versus Rs. 25797 lakhs, Other Income at Rs. 49 lakhs versus Rs. 75 lakhs YoY (Good Result).

• Amara Raja Batteries Limited –  Q4 Profit at Rs. 189.48 crores versus profit of Rs. 193.19 crores, Revenue at Rs. 2102.70 crores versus Rs. 1960.12 crores, Other Income at Rs. 32.09 crores versus Rs. 35.20 crores YoY (Mixed Result).

• Sarda Energy & Mineral Limited –  Q4 Profit at Rs. 296.54 crores versus profit of Rs. 182.31crores, Revenue at Rs. 1594.07 crores versus Rs. 1418.59 crores, Other Income at Rs. 0.89 crores versus Rs. 5.32 crores YoY (Excellent Result).

• ELGI Equipment Limited –  Q4 Profit at Rs. 1050.90 millions versus profit of Rs. 1004.24 millions, Revenue at Rs. 11001.70 millions versus Rs. 10811.44 millions, Other Income at Rs. 240.60 millions versus Rs. 494.31 millions YoY (Good Result).

• HI Tech Corporation Limited –  Q4 Profit at Rs. 1695.90 lakhs versus of Rs. 235.90 lakhs, Revenue at Rs. 44708.36 lakhs versus Rs. 46008.71 lakhs, Other Income at Rs. 145.18 lakhs versus Rs. 54.83 lakhs YoY (Excellent Result).

• Crompton Greaves Consumer Electrical Limited –  Q4 Profit at Rs. 604.72 crores versus profit of Rs. 494.70 crores, Revenue at Rs. 4749.95 crores versus Rs. 4511.97 crores, Other Income at Rs 75.63 crores versus Rs. 58.87 crores YoY (Good Result).

• Kabra Extrusionetechnik Limited –  Q4 Profit at Rs. 2418.65 lakhs versus of Rs. 747.09 lakhs, Revenue at Rs. 27424.29 lakhs versus Rs. 22018.99 lakhs, Other Income at Rs. 286.76 lakhs versus Rs. 294.36 lakhs YoY (Excellent Result).

• Birlasoft Limited –  Q4 Profit at Rs. 3208.31 millions versus profit of Rs. 2243.48 millions, Revenue at Rs. 35557.20 millions versus Rs. 32909.69 millions, Other Income at Rs. 189.81 millions versus Rs. 429.91 millions YoY (Good Result).

• F&O Ban on NSE

BHEL, Jindal Steel, National Aluminium, PNB and SAIL securities are under the F&O ban for tomorrow (May 24).

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