Archive · 8 Sep 2026
Depository Stocks Face Key Levels Ahead of NSE IPO
The article looks at three companies connected with stock-market services.
NSDL is moving sideways between Rs 800 and Rs 840.
Traders may become more positive if NSDL rises above Rs 840, but a fall below Rs 800 could be negative.
Protean has gained recently, but its overall chart still looks weak.
It may bounce toward Rs 540 if it stays above Rs 480, but traders are advised to wait for a clear breakout.
CDSL has a stronger trend because it is above its important moving averages.
However, CDSL still needs to cross Rs 1,453 before fresh buying is considered.
These levels are technical signals, not guarantees of what the stocks will do.
NSDL is consolidating between Rs 800 and Rs 840 while trading below key moving averages.
A breakout above NSDL’s Rs 840 resistance could signal renewed buying, while a fall below Rs 800 may increase selling pressure.
Protean eGov remains weak despite recent gains, with Rs 480 support and Rs 540 resistance.
Protean’s recovery toward Rs 540 should not be treated as fresh buying unless the stock decisively breaks above that level.
CDSL remains above its key moving averages, but fresh buying is advised only after a strong-volume breakout above Rs 1,453.
- Who
- National Securities Depository Limited, Protean eGov Technologies Limited, and Central Depository Services (India) Limited.
- What
- The article outlines support, resistance, and trading views for the three stocks.
- When
- The timing is not specified in the article.
- Where
- The article discusses stocks traded in the Indian market.
- Why
- The stocks are being assessed ahead of the NSE IPO.
- NSDL support
- Rs 800
- NSDL resistance
- Rs 840
- Protean support
- Rs 480
- Protean resistance
- Rs 540
- CDSL support
- Rs 1,350
- CDSL resistance
- Rs 1,453
- Overall strategy
- Wait for decisive breakouts before considering fresh buying.