marketfeed Team, Author at marketfeed.news

Vedanta Ltd’s board approves proposed de-listing from BSE, NSE. The next step is to seek shareholders’ approval for the de-listing proposal through postal ballot and e-voting
Bharti Airtel’s loss has increased 400% to Rs 5,237 crore in the last quarter. However, revenue has increased
TATA Consumer Products has made a strategic acquisition. Healthcare Global Enterprises and AU Small Finance Bank have received large foreign investor funding
FIIs and DIIs sold shares worth Rs 2,512.82 crore and Rs 152.42 crore, respectively, in the Indian equity market. Maximum Call Open Interest (OI) has shifted to 9000 and second most Put OI is at 8500. This can be the range for NIFTY in May
NIFTY fell heavily yesterday despite of positive global cues. Shows clear indication of how the market has rejected the Economic Package.
The entire global market closed high yesterday, thanks to a news regarding a Corona vaccine. SGX NIFTY closed 2.28% higher. Crude prices have also increased.
NIFTY seems to have a support at 8800 range. Expected to trade between 8800 and 9100 today.
All major banks had fallen yesterday as well. Short coverings and thus, at least a retracement should happen soon.

Reliance has raised another round of Private Equity funds. General Atlantic to invest Rs 6,598.38 crore in Jio Platforms.
Vedanta Ltd.’s board of directors will meet today to consider the delisting proposal
L&T Technology has reported increased profits in their Q4 results
FII sold Rs 2388 crores and DII sold Rs 1,225.53 crore in the Indian equity market on May 15. Clearly, the economic package was not appreciated
Maximum call open interest (OI) at 9,500 strike price. Maximum put open interest at 9,000 strike price. Clearly 9000 – 9500 should be the trading range for NIFTY
US and Asian markets had closed higher on Friday. SGX NIFTY down by 50 points
NIFTY expected to move between 9000 and 9250
NIFTY seems to have a support at 9000 range. Might break eventually. Watch carefully. Likewise, 18000 is a strong support range for BANKNIFTY
US-China trade tensions, increasing COVID-19 cases and an uninspiring economic package have negative impacts on the market
All major banks had fallen heavily last week. It will be interesting to watch for short coverings.