Strategy on bank nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is 34000-34200, Bada registration zone 34410-34535, base zone 33711-33656 and Bada base zone 33480-33350. Last week, 8 banking stock futures have achieved 50 DEMA. Base on 34000-33400. In the last session, 33800 calls have given good returns. Buy and buy every fall until 33800-33400 breaks. Up to 4000, up to 34500 is also possible. There will be good short covering after 34500.
Strategy on nifty
Virendra Kumar says that its registration zone is 14911-14955, big registration zone 14992-14522, base zone 14770-14742 and big base zone 14700-14640. Institutional investors do not have a clear view, short pressure is also less. Buy 14700-640 base, even every drop, in good condition by price. After metal, FMCG, Pharma, Cement, are leaving the bank base. Buy for today and buy every fall up to 14770. 14770-15022 is the important trading zone for today.
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Strictness in Maharashtra, lockdown on weekends
Due to uncontrollable corona, night curfew is being imposed throughout Maharashtra from 8 o’clock tonight. Hotel, restaurant and theater will remain closed. The entire lockdown, malls, multiplexes and hotel-related stocks could be under pressure today.
Second wave of corona intensified, corona cases in the country cross 1 lakh
The second wave of corona intensified. More than one lakh cases have surfaced in the country yesterday. Maharashtra has the highest number of 57 thousand new cases registered. Corona positive figure in Delhi has crossed 4 thousand. PM Modi has discussed with the top officials on the prevention and vaccination of corona yesterday.
Great increase in mutual fund inflow
Domestic mutual funds will boost the market in April. Mutual fund flow has become positive after 9 months. According to AMFI data, large inflows were seen in largecap and midcap funds in March.
MPC meeting on policy from today
MPC will have a meeting on credit policy from today. The policy will come on Wednesday. Changes in interest rates and ACCOMODATIVE stance are not expected.
HDFC Q4 results may be good
HDFC’s fourth quarter results may be good. The company said – RETAIL HOME LOAN SEGMENT has shown better growth. The loan to be transferred to HDFC Bank has increased by 37% to about Rs. 7.5 thousand crores.
ROYAL ENFIELD sales up 84%
Today, two-wheeler auto companies will show momentum. EICHER MOTORS ‘ROYAL ENFIELD sales have seen a jump of 84% in March. Sales figures for HERO MOTO and TVS have also been excellent but sales of BAJAJ AUTO have been mixed.
Great signs from US market
The American market is on a high with good job report data. The DOW FUTURES has seen a bounce of over 200 points. The S&P 500 closed above 4000 for the first time on Friday. NIKKEI has seen strength. Today, all markets of China, Hong Kong, Taiwan and Europe are closed.