Trading Idea for 24 Nov 20 (Tuesday): Important data to know before market opening

The nifty Support level is placed at 12820 followed by 12775. If Nifty starts going up, then the resistance level will be 12975 and 13055. While the Bank Nifty support level is placed at 28475 and 28050. If Bank Nifty starts going up, then the resistance level will be 29175 and 29450.

FII and DII data

Foreign Institutional Investors bought shares of Rs. 4738.44 crore while Domestic Institutional Investors sold shares of Rs. 2944.05 crore in Indian equity market on November  23, as per data NSE data.

Latest Corporate Action

• Coal India Limited  –  Four Trade Union of Coal India Limited has served one day strike notice in Coal India & its subsidiaries on 26 Nov 20.

• Sreeleathers Limited– Meeting of Board of Directors of the Company will be held on Tuesday, November 24 for consideration of Buy-back of Fully Paid-up equity share of the Company.

• Prakash Pipes Limited  –  Meeting of Board of Directors of the company is scheduled to be held on Tuesday, November 24 to consider and approve issue of Equity Shares on Preferential basis to the promoters subject to the approval of the shareholders.

Stock of The Day (24 Nov 20)

• Garware Technical Fibres Limited – Garware Technical Fibres Limited is a Mid Cap Company (having 4534.22 Crore Market Cap) Operating in Textile Sector In Q2FY21, Garware Technical Fibres has posted 896.98 Crore Sales in last quarter.
• It is informed that meeting of Board of Directors of the Company will be held on Friday, November 27 for consideration of Buy-back of Fully Paid-up equity share of the Company.
• Garware Technical Fibres Limited Share Price Opened at Rs. 2161.95 and later go to day high of Rs. 2189.95 on NSE. The stock also hit day low of Rs. 2115.95 and Closed at Rs. 2165.80.
• Garware Technical Fibres Limited may hit upper circuit (2598.95) on 24 Nov 20. So You can focus on intraday basis this stocks for tomorrow.
• How To Trade Garware Technical Fibres Limited Limited on 24 Nov 20

Buy Garfibres, Target 1 = 2250, Target 2 = 2325, Target 3 = 2500 Stop Loss = 2100

Disclaimer :- All the posts are only for education purposes, Before investing or taking any decision on above posts please contact your Financial Advisor, Our Website is not responsible for your profit or loss.