Strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is 15384-15401 and the larger registration zone is 15434-15444. The base zone is 15239-15210 and the larger base zone is 15173-15153. Weekly contract yesterday has achieved the best target of 15426. Buy in the fall but wait for the first drop. Shop if you fall on the first and second base.
NESTLE’s results in the December quarter were slightly weaker than anticipated. The company’s profit grew 2% to Rs 483 crore. There has been a slight improvement in the margin. The company has declared a final dividend of Rs 65 per share.
Both new players have received good response in the IPO market. RAILTEL’s IPO is more than two and a half times full on the first day. Its price band is between 93 to 94 rupees. Today is the last day of the issue of NURECA. So far it has been subscribed 15 times.
ADANI PORTS has completed the deal to buy Dighi Port for Rs 705 crore. The company will invest 10000 crore rupees in the development of the port. The stock of ADANI PORT has reached LIFE HIGH.
Tata Consumer, which is close to Life High, can see strong action today. According to EXCLUSIVE news of NETWORK 18, the deal to buy Big Basket of TATA GROUP has been finalized. A deal of 68% stake has been done for around 9200 crores.
The brightness of the son has decreased. COMEX has slipped nearly 2 percent to below $ 1800. The price of GOLD has shown a price pressure on rising Treasury Yield in the US. In the domestic market, gold has fallen by about Rs 380 to below 47 thousand.
The signal from the global market is mixed. There has been a record closing of DOW in the US but today the pressure of DOW FUTURES is getting 50 points. It has started with weakness in Asia and SGX NIFTY.