Strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is 15192-15218 and the larger registration zone is 15246-15265. The base zone is 15054–15014 and the larger base zone is 14961–14945. A big goal was also achieved yesterday. The sell-off of DIIs put the brakes on the boom. The Nifty has 15265 interruptions and 15014 bases. Above 14961, keep a buying strategy in the fall. Take the trade by choosing fairly and being cautious.
The results of 4 Nifty companies, HINDALCO, TITAN, GAIL and EICHER MOTORS are coming today. The results of futures AUROBINDO PHARMA PAGE INDUSTRIES, IGL and BATA INDIA will also be awaited by the market.
6 new shares are being entered in FUTURES & OPTIONS. From 26 February, ALEMBIC PHARMA, GRANULES INDIA, GUJARAT GAS, MPHASIS, CITY UNION BANK and L&T TECH SERVISES will arrive.
Berger Paints reported a 51 percent increase in profits in the third quarter. Margins have also improved by over 2%. At the same time, MGL reached 52 WEEK HIGH also has good results. The company’s profits grew 17 percent.
TATA STEEL produced good results in the third quarter. The company has made a profit of about 4 thousand crores against a loss of 1166 crores. Margin has more than doubled to 24 per cent. Tata Steel’s stock has risen 9% in 1 week.
With the expectation of a recovery in supply cut and demand, crude is witnessing a boom for the 7th consecutive day. Brent price has crossed $ 61. Prices are around 13 months high. Action may also increase in stocks like HOEC, ONGC, IOC today.
DOW FUTURES is trading in the US with an increase. The DOW closed FLAT yesterday by improving about a hundred points from the lower levels. Asia has started sluggishly here, but SGX NIFTY is seeing mild strength.