Strategy on bank nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is 33281-33365, Bada registration zone 33484-33555, base zone 32673-32538 and Bada base zone 32374-32200. It is in the Oversold Zone, so it will take trade after the market opens.
Strategy on nifty
Virendra Kumar states that its registration zone is 14433-14459, Bada registration zone 14500-14537, base zone 14282-14234 and Bada base zone 14152-14103. Gap Up Opening, Friday Factor will be difficult session. Belgaum Corona and Dollar Index are a big problem. FIIs have also been sold heavily. 14500-537 hinges after up then short covering is possible. 14600-660 levels are also possible in short coverings. If the level of 14500-14537 is not maintained then the weakness will deepen. Trade will come out in the second part of the session. Short coverings above 14280 and 14537 are possible.
Strong Earning Trading Calls
Maruti- Sell below 6750, SL-6850, TGT-6450
Bajaj Finance -Sell, SL-5250 , TGT-5000
PEL – Sell, SL-1865, TGT-1660
BHEL – Buy, SL-47, TGT-52
I-bull HSG Fin – Buy SL-194 ,TGT- 210
60000 new cases of corona in 1 day
The second wave of Corona in the country has raised concerns. There are about 60 thousand new cases in 1 day. Maharashtra has the highest number of cases. Strictness has increased in districts such as Wardha, Solapur.
Listing of KALYAN JEWELLERS today
There will be a stir in the primary market. Today there will be a listing of Kalyan Jewelers. The issue price is Rs 87. Suryoday SFB will also be listed on the exchange today. At the same time, the issue of BARBEQUE NATION will be closed today. The issue of BARBEQUE NATION is 2 times full so far.
SC will pronounce verdict in Tata-Mistry case
The Supreme Court will give its verdict today in the Tata Sons and Cyrus Mistry case. Court will give JUDGEMENT in case of Cyrus Mistry being removed from Tata Sons.
Hathway to open today, OFS of DEN
Today, OFFER FOR SALE of Hathway Cable will open. The promoters will sell 19% stake through OFS. The floor price was fixed at 25 rupees 25 paise at a 12% discount. Promoters of DEN Networks will also sell around 12% stake in OFS.
Signal positive from US and Asia
Global markets are showing good signs on the first day of April series. The DOW in the US closed up 200 points yesterday. Asia has a strong start. SGX NIFTY is also seen above the quarter percent.
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