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Nifty 24200 PE ABOVE 185 BUY

Morning Update 28th November : NIFTY: Index was trading in a range. Index is in consolidation phase. View is sideways to bullish till index sustains above 24000. BANK NIFTY: Index continues to consolidate. Past three sessions have been rangebound. This is crucial for a strong move. View is sideways to bullish. Nifty 50 Support Level : 24000 Resistance Level : 24500 Bank Nifty Support Level : 51500 Resistance Level : 52500 Stocks in news - RCF Company received approval from the Ministry of Chemicals and Fertilizers to amend its Articles of Association. - SONATSOFTW Company wins multi-million dollar modernization deal in Australia - BIOCON Biocon Biologics partners with Diabetes Africa & St. Paul's Hospital to improve diabetes care in Ethiopia - HUDCO Company signs Memorandum of Understanding with -NBCC- for development of 10 acres of land parcel in Noida. - GODREJPROP Company seeks to sell 5.5% equity (1.54 crore shares) of the company via QIP to raise up to ₹4,000 crore, sources to CNBC. - VEDL Moody's upgrades Vedanta Resources' corporate family rating to B2 - LICI Company gets GST demand, interest & penalty order of ₹529.6 crore for FY19-20. - ADANIGREEN Adani Saur Urja incorporates wholly-owned arms AHE2L & AHE3L on November 27. - GOPAL Company launched a new product in its wafers category. - KEC Company bags order worth ₹1,704 crore in transmission & distribution business from Power Grid Corp - INDOAMIN Company announces NCLT approval for the amalgamation of Pious Engineering Pvt Ltd. Quick Takeaways -Total debt on major telcos hits Rs 4.09 lakh crore in FY24; BSNL debt lowest at Rs 23,297 crore -India-Russia trade hits USD 66bn in 2024; target of USD 100bn by 2030 on track: Russian envoy -Arunachal govt inks tripartite pact for haemodialysis machines under PMNDP

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