BTST Trading Academy™

Today's Action Nifty, -0.62%; Sensex, -0.56%; Nifty Mid 100, -0.82%; Nifty Sml 100, -0.41%; Model Portfolio, -0.42%. Daily Market Review The benchmark index continued to fall for the fifth consecutive session and broke below its 50-DMA. Nifty50 opened with a gap down below 19,300 and traded in a narrow range of 19,230–19,340 for the entire day. As a result, the index formed a bearish candle with a lower-high and lower-low price structure on the daily chart. The broader market performed mixed compared to the benchmark index as Midcap fell 0.82% and Smallcap ended 0.41% lower. All sectoral indices closed lower. The advance-decline ratio was inclined towards decliners as the ratio stood around 0.46.

💸 Daily Market Updates - 25th August 2023 💸 Infosys: IT major Infosys announced a three-year partnership with tennis star Rafael Nadal. Globally acknowledged as one of the legends in sports. "Nadal is a perfect embodiment of what it takes individuals or business leaders to evolve and continually navigate their next," the company said in a statement. Zee Entertainment: As Zee Entertainment Enterprises Ltd (ZEEL) founder Subhash Chandra and his son Punit Goenka await a clean chit from the market regulator over financial irregularities in the media house, the company itself is entangled in a series of legal disputes, including tax claims. The filings showed that Zee is dealing with at least a dozen lawsuits, involving cases filed by the Income Tax department, the Commissioner of Service Tax, the Director General of GST Intelligence, and several lenders. One97 Communications: The parent company of Paytm, One97 Communications, promoter Antfin is expected to conduct a block deal today. They plan to sell approximately 3.6% of their stake, equivalent to around 2.3 crore shares. The proposed floor price is anticipated to be set at a discount of  ₹880.10 per share, representing a reduction of 2.7% from the closing price recorded on August 24. Adani Group: Adani Group said cash and profit generated from its infrastructure business can cover all the debt maturing each year in the coming decade, as billionaire Gautam Adani tries to restore investor confidence days before India’s market regulator is due to submit findings from a probe into the group’s alleged wrongdoings. In a credit report released Thursday, the conglomerate said its cash flow generated from business operations and balances stood at  ₹77,890 crore by the end of March. That provides enough liquidity for the company to cover debts that will mature within a year. Reliance Industries/EIH: Reliance Industries announced that it has entered into an understanding with The Oberoi Hotels and Resorts to jointly manage three properties across India and the UK. These include the upcoming Anant Vilas Hotel in Mumbai’s Bandra Kurla Complex (BKC), the iconic Stoke Park in the UK, and another planned project in Gujarat. Max Financial Services: Max Ventures Investment Holdings, one of the promoters of Max Financial Services, offloaded a 3.6 per cent stake in the company for  ₹1,091 crore through open market transactions. Prudential MF, Kotak MF, HDFC Standard Life Insurance, Morgan Stanley Asia Singapore and International Monetary Fund among others were the buyers of the shares of MFSL on both BSE and NSE.

Hi Friends, Good Morning  🌤️🌻🇮🇳 BTST Trading Academy Family Members, Welcome to Friday, 25 August 2023 Trading Session.  Welcome to Life Changing Wealth Creator Into the New World of BTST & Swing Trading...💐🙏

Today’s Action Nifty, -0.29%; Sensex, -0.28%; Nifty Mid 100, +0.24%; Nifty Sml 100, -0.35%; Model Portfolio, -0.37%. Daily Market Review Nifty started the session on a positive note and remained traded in positive territory for a while.Later, it started oscillating between positive and negative territories and finally closed in the red. Today, the index reclaimed its 21-DMA but was unable to hold that level. Currently, it is trending near its 50-DMA and has support around that level. It has formed a bearish engulfing candle on the daily chart. The momentum indicator RSI has slightly deteriorated and is currently placed at 47 along with a negative crossover on MACD. The index traded in the range of 19,584–19,369 and closed at 19,387. On the sectoral front, Nifty Healthcare (-0.78%), Nifty PSU Bank (-0.65%), and Nifty Pharma (-0.58%) declined the most. On the flip side, Nifty IT (+0.61%), Nifty FMCG (+0.29%), and Nifty Realty (+0.20%) gained the most. Today, it added a distribution day as the volume exceeded the previous session.

💸 Daily Market Updates- 24th August 2023 💸 Tata Communications - announced the opening of its cloud-based, worldwide 5G Roaming Laboratory (Lab). This will allow Mobile Network Operators (MNOs) to test 5G standalone network use cases before rolling out the service to their customers. Oriana Power - has won a contract worth ₹138 crore from Bharat Coking Coal Limited (BCCL) to set up a 20MW AC ground-mounted solar photovoltaic power plant at Dugdha washery area, Dhanbad, Jharkhand. The EPC phase is slated for completion within 12 months. This comprehensive contract encompasses a spectrum of activities ranging from design and procurement of solar equipment to construction, integration with the transmission network, and a steadfast five-year operation and maintenance commitment. Muthoot Finance - Muthoot Fincorp Ltd (MFL), the flagship company of Muthoot Pappachan Group said its new digital financial platform Muthoot Fincorp One will introduce insurance, personal loans, two-wheeler, and housing loans in six months. Muthoot Fincorp One has reported over 20,000 daily transactions and over 200,000 app downloads. It plans to introduce these new products to reach 80,000 daily transactions and a million app downloads. TVS Motors - maker of the iQube electric scooter is launching its first born-electric two-wheeler, a crossover between a motorcycle and a scooter which is aimed at young customers in the premium-end of the Indian and international electric two-wheeler markets. The launch of TVS X will be followed by the introduction of the latest generation of iQube EV, electric three-wheeler cargo and electric bicycle space. GAIL India -  State-owned Gail India plans a capital expenditure of ₹30,000 crore, mainly in pipelines, petrochemical projects and city gas distribution, over the next three years. The company's total capital expenditure for FY23 was ₹10,000 crore. Reliance Industries -  Sovereign wealth fund Qatar Investment Authority (QIA) has agreed to invest ₹8,278 crore ($1 billion) into Reliance Retail Ventures Ltd (RRVL) after it raised ₹47,265 crore in 2021. QIA’s investment values RRVL at ₹8.28 trillion or $100 billion, twice its ₹4.21 trillion valuation in 2021. QIA’s investment will translate into a 0.99% stake in RRVL on a fully diluted basis.

Hi Friends, Good Morning  🌤️🌻🇮🇳 BTST Trading Academy Family Members, Welcome to Thursday, 24 August 2023 Trading Session.  Welcome to Life Changing Wealth Creator Into the New World of BTST & Swing Trading...💐🙏

Today's Action Nifty, +0.25%; Sensex, +0.33%; Nifty Mid 100, +0.39%; Nifty Sml 100, +0.91%; Model Portfolio, +0.75%. Daily Market Review The benchmark index continued to trade on a muted note and gained around 48 points. Nifty50 started the day on a muted note and slipped towards 19,360 within the initial hour of trade. However, after touching an intraday low at 19,360, the index reversed its trend and closed near day’s high. As a result, the index formed a doji candle on the daily chart. The broader market outperformed compared to the benchmark index as Midcap gained 0.39% and Smallcap ended 0.91% higher. Barring FMCG (-0.49%), all sectoral indices ended higher. Banks (+1.10%), Financial services (+0.92%), and Realty (+0.43%) gained the most. The advance-decline ratio was inclined towards decliners as the ratio stood at 1.47.

💸 Daily Market Updates- 23rd August 2023 💸 Piramal Enterprises - The company said the board has approved the public issuance of non-convertible debentures (NCDs) for up to ₹3,000 crore which will take place in one or more tranches. BEML - The state-owned entity has bagged an order worth ₹101 crore from the Ministry of Defence for the supply of command post vehicles to the Indian Army. Vodafone Idea - Debt-ridden telecom services provider Vodafone Idea plans to clear about ₹2,400 crore worth of dues to the government by September. It recently cleared dues of licence fees and spectrum usage charges of about ₹450 crores for the March quarter of 2022-23. It was required to pay around ₹770 crores by July and ₹1,680 crores as the first instalment for the spectrum it purchased in auctions held last year. TVS Supply Chain Solutions - The TVS Mobility Group company will make its debut on the BSE and NSE on 23 August at an issue price of ₹197 per share. Hindalco Industries - Is planning to invest about ₹2,000 crore to bring new extrusion and fabrication technologies to India which are critical to build Vande Bharat trains in the country and another ₹2,000 crore to establish a first-of-its-kind copper and e-waste recycling facility. Adani Energy - The BSE and NSE have imposed a fine of ₹2.24 lakh each on the company for non-compliance with the requirements pertaining to the composition of the Board, including failure to appoint a woman director.

Hi Friends, Good Morning  🌤️🌻🇮🇳 BTST Trading Academy Family Members, Welcome to Wednesday, 22 August 2023 Trading Session.  Welcome to Life Changing Wealth Creator Into the New World of BTST & Swing Trading...💐🙏

Today's Action Nifty, +0.01%; Sensex, +0.01%; Nifty Mid 100, +1.10%; Nifty Sml 100, +0.81%; Model Portfolio, +1.41%. Daily Market Review The benchmark continued to trade near its major support level i.e., 50-DMA, and closed on a flat note amid volatility. Nifty50 started the day on a muted note and traded largely in the range of 19,380–19,440 levels. As a result, the index formed a bearish candle with a higher high higher low price structure on the daily chart. The broader market has outperformed in comparison with the benchmark index as Midcap gained 1.10% and Smallcap ended 0.81% higher. On the sectoral front, except PSU Banks (-0.49%), all the sectoral indices ended higher. On the flip side, Metal (+0.85%), FMCG (+0.66%), and Auto (+0.52%) gained the most. The advance-decline ratio inclined towards decliners as the ratio stands around 1.79.