KIRLOSKAR FERROUS। The bid has been won for Bharath Mines & Minerals. The company will conduct a mining operation for the next 50 years. Here, the promoter of SRIKALAHASTHI PIPES has redeemed 1.9 crore pledged shares.
JET AIRWAYS। Jalan-Kalrock Consortium has assigned Affidavit for the slot. Task Force has been constituted for Jet’s slot in the consortium. Slot assets are very important for the revival of the company. The NCLT is awaiting the response of the Ministry of Aviation on the matter. The next hearing of the Jet Airways case in the NCLT will take place on 5 April.
UNION BANK। The bank can raise up to Rs 3000 crore through QIP. According to sources, there are plans to complete QIP before 31 March.
JUBILANT FOODS। Popeyes Restaurants will open in India, Bangladesh, Nepal and Bhutan. Popeyes Restaurants will also open in Bhutan. The company has tied up for the master franchise of Popeyes Restaurants. Popeyes Restaurants is an American fast food chain.
ASTRAZENECA। The company has released new figures for the Corona vaccine to take effect. The vaccine is 76% effective in treating corona.
WABCO INDIA। Today the company’s OFS will open for non-retail. There are plans to sell 18.10% stake from OFS. Promoter ZF International will sell a 9.05% stake. The company will sell an additional 9.05% stake through OFS. The floor price of OFS has been fixed at Rs 5450 per share. The floor price is at a discount of about 11% from the current price.
Strategy on bank nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is 33602-33822, Bada registration zone 34009-34119, base zone 33077-32800 and Bada base zone 32523-32364. Bank Nifty can be in poor condition below 33600-800 zone. Now 50-100 DEMA has come in new zones 32400-32000. Focus on the put, sell but keep the short position short. Get neutral above 33800-34000. It now has the most important level below 32000.
Strategy on nifty
Virendra Kumar states that its registration zone is 14657-14710, big registration zone 14750-14783, base zone 14487-14451 and big base zone 14388-14351. FIIs figures are extremely poor, it is difficult to base in the Nifty. Both Nifty, Nifty Bank is ready for new range of 50-100 DEMA. If you hold 14500 puts, then it would be advisable to sell at any speed. Keep short positions short in Nifty, neutralize above 14710.
Strong Earning Trading Calls
Buy Asian Paints abv 2460 SL-2420 TGT-2530
Buy L&T @ 1375 SL-1367 TGT-1391
Sell Tata Motors Apr fut SL-304 TGT-286-281
More than 54000 new cases of Corona
Increased cases of corona in the country have increased headaches. There are about 54 thousand new cases yesterday. There are about 32 thousand patients in Maharashtra. In most states, all ceremonies including Holi have been banned immediately.
LAXMI ORGANIC AND CRAFTSMAN AUTOMATION LISTING TODAY
Today, the primary market will be full of action. Laxmi Organic will have a listing today. The issue was 106 times full. Also, Craftsman Automation will also be listed on the exchange. On the first day, the IPO of Barbeque Nation was full.
SEBI board meeting today
The market regulator SEBI will have an important board meeting today. In this meeting many issues such as de-classification of promoters will be discussed along with major changes in delisting rules.
Rise in crude oil price
Crude oil prices have seen a surge due to the large cargo ship being trapped on Suez Canal, Egypt. Crude crossed over $ 64 with a rise of more than 5% yesterday. Today, keep an eye on the stocks of companies like ONGC, OIL and HOEC.
Better signal than global markets
Global markets are getting slightly better signals this morning. DOW FUTURES is seen above 50 POINTS. Asian markets have got off to a strong start. The SGX Nifty is flat but yesterday there was pressure from profit booking in technology stocks in the US.
For social media updates, we need Facebook (https://www.facebook.com/moneycontrolhindi/) And Twitter (.).