Talking about the texture of Nifty, He said that the texture of Nifty is now selling in the Rally. Now the texture will change only if it closes above 21,764. Sell on every rally, and keep the SL of the day’s peak. First support: lies at 21,492-21,517 (low of last 2 days) while major support lies at 21,350 (20 DEMA). If 21,350 is broken then a fall to 20,800 is possible.
Stock Updates
🔸 Karnataka Bank
The Bank has partnered with fintech company Digivriddhi (DGV) to offer a host of financial services catering to the needs of dairy farmers & Milk Societies
🔸 PFC
The company receives No Objection Letter from the Reserve Bank of India (RBI) for setting up a Finance Company (as a wholly owned subsidiary) in the International Financial Services Centre (IFSC) situated in GIFT City
🔸 Lupin
The company received approval from the USFDA for the launch of Bromfenac Ophthalmic Solution, 0.07% in the United States
🔸 Shyam Metalics And Energy
The company raised Rs 1,385 crore through qualified institutional placement at Rs 576 per share, which indicated a discount of 9.70% to the current market price
🔸 LIC
LIC’s shareholding in “Navin Fluorine International Limited” has increased from 23,75,398 to 24,97,139 Equity Shares, increasing its shareholding from 4.792% to 5.037% of the paid-up capital of the said Company
🔸 Pondy Oxides and Chemicals Limited
The company has entered into an MoU with Tamil Nadu Guidance, the nodal agency of the Government of Tamil Nadu (GoTN) for investment promotion and facilitation, to set up state-of-the-art recycling and manufacturing plants for non-ferrous metals, lithium-ion batteries, paper, plastics, and rubber contributing to sustainability and circular economy to the state of Tamil Nadu
🔸 Colgate Palmolive
The company has received orders from GST Authorities of multiple states worth Rs. 2.11 cr
🔸 Mahindra and Mahindra
The company will collaborate with a US-based automobile technology company, Mobileye for software solutions and to explore building a full-stack autonomous driving system