*From Today the price to earning of Nifty50 will increase a little bit*
Reason behind👇this change

*From tomorrow 2 low valuation companies are getting out of Nifty 50*
1. *BPCL* 👉trading @8X multiple(Price 2 Earning)
2. *Britainia*👉 @53X

*These two👆 low valuation cos going out and these 2👇 High Valuation Cos👇entering*

1. *ZOMATO* 👉trading @300X multiple (Price 2 Earning)
2. *JIO FIN* 👉 90X

*Bcz of this, the price to earning of Nifty will increase a little bit*

*Institutional Trading Activity*:

Yesterday,
*FIIs bought stocks* worth Rs 2458 Cr in the cash segment, bought index futures worth Rs 839 Cr also bought stocks futures worth Rs 2488 Cr.
*DIIs* were net sellers in the cash segment to the tune of Rs 696 Cr

*Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels*:

*Nifty* – Resistances 23920-24050; Supports 23700-23580

*Banknifty* – Resistances 52200-52400; Supports 51600-51400

*Finnifty* – Resistances 25300- 25400; Supports 25100-25000

*F&O Security in Ban Today*:
NIL

TCS good support zone 3300 to 3400 range

Infy in support right now, green lines are next supports

Ramzan Mubarak!

As the holy month of Ramzan begins, we extend our warmest wishes to all.

Let the spirit of Ramzan inspire kindness, discipline, and togetherness🙏

Wishing you and your family a joyful and blessed Ramzan!

Banknifty small resistance 51560 to 51620

Nifty resistance 23515 , if closes above that then 23590 to 23610 can be seen

Banknifty done

Nifty intraday resistance at 23310 to 23330 only if is taken out 23415 can be seen

Exactly at 23330

Nifty make or break levels for upside 23415 and downside support 23110
This range will decide further move

57% Discount stock👆

Nifty oversold in intraday timeframe

Without reversal don’t enter

80+ points done

Cautious day