Zee Business Stock, Trading Guide: 10 things to know before market opens on 15 November 2022

Zee Business Stock and Trading Guide: The Indian markets started the week on a muted note and ended almost unchanged, taking a breather after the recent surge. After the initial uptick, the Nifty index hovered in a narrow band and finally settled around the day’s low to close at 18,332 levels.

Meanwhile, a mixed trend on the sectoral front kept the participants busy wherein metal, realty and IT posted decent gains. The broader indices also failed to attract much traction and ended flat to marginally in the green.

Here is a list of things to watch out for on 14 November 2022

What should investors do?

Though we’re just inches away from the record high, the absence of momentum is keeping the participants, especially traders, on their toes.  Besides, the lack of broader participation is further adding to their worries.

Amid all, we reiterate our view to focus on identifying the top performers from across sectors and utilise intermediate pauses & dips to add them gradually.

 - Ajit Mishra, VP - Research, Religare Broking Ltd

Key support & resistance levels for Nifty50:

The Nifty50 closed 0.11 per cent higher at 18,329. Key Pivot points (Fibonacci) support for the index is placed at 18313.05, 18292.28 and 18258.67, while resistance is placed at 18380.28, 18401.05, and 18434.67.

Key support & resistance levels for Nifty Bank:

The Nifty Bank closed 0.14 per cent higher at 42,076. Key Pivot points (Fibonacci) support for the index is placed at 41989.59, 41926.81 and 41825.2, while resistance is placed 42192.81, 42255.59, and 42357.2.

Gross Open Interest:

Open Interest means the number of contracts open or outstanding in futures trading in NSE at any one time. One seller and one buyer together create one contract.

Here the gross values of Open Interest Positions taken by the four participants namely Client are Clients are the retail individual investors who invest in the derivatives instruments, DIIs are domestic individual investors, FIIs are foreign institutional investors and Pro are the proprietors and brokerage firms who trade on their own behalf.

Image Source – Stockedge

Stocks in News:

SEBI approves Adani’s open offer for 26 per cent shares of NDTV

NBCC India secures total biz of Rs 332 cr in October against Rs 162 cr in September.

Thomas Cook India signs a long-term pact with KrisFlyer - the loyalty programme of Singapore Airlines.

Mindtree- L&T Infotech scheme of arrangement becomes effective Monday, November 14, 2022.

Q2 Earnings

Apollo Tyres’ consolidated net profit increased by 11 per cent to Rs 194 crore in the second quarter ended September, riding on the back of robust sales in domestic as well as international markets.

Mindspace Business Parks REIT reported a 16 per cent increase in its net operating income to Rs 417.2 crore for the quarter ended September.

SpiceJet reported widening of net loss to Rs 837.8 crore in the three months ended September as record fuel prices and depreciating rupee caused turbulence for the budget carrier.

NMDC posted a 62 per cent fall in its consolidated net profit to Rs 885.65 crore during the quarter ended September, mainly on account of lower income.

Goodyear India’s net profit declined by 31 per cent to Rs 27 crore in the second quarter ended September 30, 2022, hit by lower volumes and higher operating costs driven by inflation.

Strides Pharma Science reported a consolidated net profit of Rs 33 lakh for the second quarter ended September 30, 2022, versus a net loss of Rs 168 crore in the July-September period of FY22.

Bharat Forge reported a 48 per cent decline in its consolidated net profit to Rs 141 crore for the second quarter that ended September 30, 2022 against net profit of Rs 270 crore in Q2FY22.

FII Activity on Monday:

Foreign portfolio investors (FPIs) remained net buyers for Rs 1089.41 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 47.18 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Image Source - Stockedge

Bulk Deals:

Chembond Chemicals Ltd: Nasser Zaki Abbas bought 90,000 equity shares in the company at the weighted average price Rs 233.46 per share on the NSE, the bulk deals data showed.

HBL Power Systems Limited: Oman India Joint Investment Fund sold 40,27,666 equity shares in the company at the weighted average price Rs 98.16 per share on the NSE, the bulk deals data showed.

PB Fintech Limited: Tiger Global Eight Holdings sold 79,98,238 equity shares in the company at the weighted average price Rs 389.44per share on the NSE, the bulk deals data showed.

Royal Orchid Hotels Limit: Chander Kamal Baljee sold 2,50,000 equity shares in the company at the weighted average price Rs 275.01 per share on the NSE, the bulk deals data showed.