Market Live: SGX NIFTY is giving indications, Indian markets may start strong

08:15 AM

strategy on nifty

Virendra Kumar of CNBC-Awaaz says that its resistance zone is 15636-15681, the larger resistance zone is 15710-15771. The base zone is 15507–15459 and the larger base zone is 15420–15368. 15400 calls made good money, target of 15610 can also be achieved. Base key of 15507-459 for today, strong put writing was seen at 15500. Buy and buy every drop till first base. RIL is a bullish trend in the market due to bank shares. Now the zone of 15636-681 is open, according to Weekly data, now 15771 is also possible.

07:59 AM

Know today’s trading calls

Centrum Broking Ltd
BUY TATA STEEL SL 1110 TGT 1145

–IIFL Securities
Buy Lalpath SL- 2900 and Tgt 3050

— Quantify Capital

Buy AsianPaint  SL 2940          Target 3100

07:52 AM

Corona: New cases 1.26 lakh, recovery 2.54 lakh

The pace of Corona has stopped. Yesterday, more than two and a half lakh patients recovered from Corona, while 1.25 lakh new cases came in front. There has been a sharp drop in cases in Mumbai and Delhi. The number of active cases in the country has reached below 19 lakhs.

07:46 AM

PLI for Auto, Auto Ancillary Sector

Auto and auto ancillary stocks will see a stormy rise today. According to the EXCLUSIVE news of CNBC AWAAZ, the draft PRODUCTION LINKED SUBSIDY SCHEME for both the sectors has been prepared and a proposal has been sent to the cabinet. An allocation of 57 thousand crores has been made for the sector.

07:36 AM

Defense shares will be in focus today

FOCUS ON DEFENCE STOCKS TODAY. Ministry of Defense has released the second NEGETIVE LIST. 108 ITEMS will be procured from domestic companies only. These include a variety of weapon helicopters, tank engines and radars such as PRODUCTS.

07:30 AM

GDP stood at -7.3 per cent in FY21

GDP figures in FY21 were better than anticipated in the Corona epidemic. The minus GDP stood at 7.3%, thanks to improvements in construction, manufacturing and agriculture. At the same time, the economy reached the positive zone with a growth of 1.6 percent in the January-March quarter.

07:23 AM

ITC’s REVENUE may increase by 12%

ITC will present its fourth quarter results today. A rise of more than 12 per cent in REVENUE is possible but there may be pressure on MARGIN and profits. An increase of 7 to 8 percent is possible in CIGARETTE VOLUME.

07:16 AM

Vehicle sales may decrease in May

Today the SALES figures of May trains will arrive. The effect of lockdown can be seen on the cells. Sales of MARUTI and M&M may fall by more than 50%. The same can be seen on 2-WHEELERS.

07:10 AM

SGX NIFTY at record high, Asia strong

SGX NIFTY standing on RECORD HIGH is again showing signs of becoming a new high in the market. Asia has also made a strong start. DOW FUTURES is trading at a slight edge. Yesterday, American markets were closed on the occasion of Memorial Day.

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