Daily Market Report 29th August 2019

Domestic Market View

Nifty Yesterday again in consolidation range, Today Expecting high volatility due to expiry, one side movement will be there in second half of trading session. A 200 point range is there for Nifty to trade for, 10980 lower range and 11180 upper range, As FII is still selling on daily basis so Market need a fresh trigger for some Buying or for Breaking of this Heavy resistance of 11180, Trigger can be Govt. decisions on reforms. FII Sold share worth 935 crore and DII Bought shares worth 359 crore, VIX at 16.84.

Global Market View

US Market closed with mixed gains, Still Recession fears hunting the US Market due to Yield inversion. Gold muted near 1550 levels, No major movement in global commodity market, Brent oil again in range of $59-60. European Market also in mixed gains. Gold at $1550, Brent oil $59.60.

Stocks in News

Nestle : It will be in Nifty Index from 27th September 2019. Link
Coal India : Bad news as Govt. of India open Coal Sector for 100% Commercial Mining.
IndiaBulls Housing : Stock will get exclude from Nifty Index From 27th Spetember 2019. Link
Commercial coal mining and Contract Manufacturing got 100% FDI.
Sugar export reforms : 60 lakh tonne sugar export subsidy, subsidy to go to direct farmer account.

Change in Circuit Limits

Sr. No.	Scrip Code	Scrip Name	Price Band % Revised to
1	540756	Kaarya Facilities and Services Ltd	10
2	520151	Shreyas Shipping & Logistics Ltd	5
3	537766	B.C. Power Controls Ltd	2
4	590126	Gradiente Infotainment Ltd	2
5	500142	FGP Ltd	2

Icici Pru is now above Pattern Breakout of Ascending Triangle, Next 2 months it will take for target of 472, In Between try to Book partial Profit near 445-450 levels, Stop loss is 367 on 4 Hour Closing basis.