NIFTY Spot View: 05/03/2024
CMP: 22405.60
Moving AVG (EMA) 20 Hour & 40 Hour: 22336 & 22258
Moving AVG (EMA) 20 Day & 40 Day: 22034 & 21804
Support & Downside Range: 22320—22235—22163---22092
Resistance & Upside Range: 22465--22508
Short Term Trend Reversal Level: -- 21860
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Trading View Summary:
• In today's trading session key levels to watch upside 22465—22508 rest zone & downside 22092—22163 support zone.
• As long as nifty remains between upside 22508 & downside 22092 entire trend of the market remains range bound, near 22163—22092 bulls will try to move upside again whereas near 22465—22508 bears will try to drag nifty down.
Key stock updates
🔸 Tata Motors
The company has approved a proposal to split the company into two separate listed entities for passenger and commercial vehicles as it looks to boost growth and improve accountability.
🔸 IIFL Finance
The RBI has directed the company to cease and desist from disbursing gold loans with immediate effect. However, the company can continue servicing its existing loans.
🔸 PVR Inox Ltd
The company opening of 6 screen cinema located at the Mall of Faridabad, Haryana.
🔸 Garden Reach Shipbuilders & Engineers Ltd
The Company has signed a MoU with Indian Register of Shipping (IRS) to develop Green Energy and Autonomous Vessels
🔸 Sarda Energy
The Company has incorporated a Joint Venture subsidiary company “Bartunga Coal Private Limited” on 2nd March 2024
🔸 SBI
The public sector bank has filed a plea before the Supreme Court seeking an extension of its March 6 deadline to furnish data pertaining to the electoral bonds scheme.
🔸 Macrotech Developers
The company has launched its qualified institutional placement to raise Rs 3,300 crore
🔸 Tanla Platforms
The company announced the launch of messaging as a platform for telcos to support Google Rich Business Messaging
🔸 LTIMindtree
The company's product division, Fosfor, announced the launch of the Fosfor Decision Cloud
🔸 NBCC
The company’s unit received an order worth Rs 92 crore from the PGIMER, Chandigarh
🔸 Krishna Institute of Medical Sciences
The company will establish a new 300-bed multi-specialty hospital in Thane, Mumbai with an investment of approximately Rs 500 crore