Strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is 14980-15017 and the larger registration zone 15054-15078. Base zone 14856-14802 and larger base zone 14715-14671. In the last few seasons, the decline is making money from purchases. Wait for new purchases to decline. Nifty 14850, 14920 is good for buying. It is difficult to stick to 15000 in Gap Up, if 15017 comes out then the level of 15088 is also possible. Buy 15000 calls with 14800s SL. Focus on Pharma Shares today.
The Dhauliganga River flooded due to the bursting of the Alaknanda glacier in Chamoli, Uttarakhand. The Tapovan power project of NTPC has suffered heavy losses. About 148 employees of the company are missing. The NDRF and army personnel are doing relief and rescue work. The situation is now under control.
ELECTRICITY DISTRIBUTION has large REFORM preparations. In an ESCLUSIVE conversation with Energy Minister RK Singh, it will open the way for new companies to enter the sector. There will be no need to take a license. The government may sell stake in some companies of POWER SECTOR in the next financial year.
Delhi real estate companies like DLF, GODREJ PROPERITIES, ASHIYANA HOUSING may look bright today. The Kejriwal government has reduced the circle rate by 20%. The reduced rates will be applicable for 6 months.
Today the results of BPCL will come. On a quarterly basis, earnings are expected to grow at 30 per cent, but margins may be under pressure. Results of BALKRISHNA IND and GODREJ CONSUMER PRODUCT will also be released today.
The results of DIVIS LABS have been excellent. There has been a 31 per cent jump in profits. And margins were also higher than expected but BHEL’s results were weaker than anticipated. The company has a loss of 218 crores from profits.
ADANI ENTERPRISES, which is trading close to LIFE HIGH, may see strong action today. The company has purchased a 23.5% stake in MUMBAI INTERNATIONAL AIRPORT through its SUBSIDARY. This deal has been done for 1700 crores rupees.
07: 00 AM
Great signs are seen from global markets. SGX Nifty is indicating the opening of over 15000 of Nifty. Asian markets are seeing strength. S&P and Nasdaq closed at record highs on Friday. Today Dow Futures is seen upwards of about 100 points.