Market Live: SGX NIFTY is giving indications, the beginning of Indian markets may be weak

08:15 AM

strategy on nifty

Virendra Kumar of CNBC-Awaaz says that its resistance zone is 15920-15981 and the larger resistance zone is 16040-16080. The base zone is 15781-15750 and the larger base zone is 15700-15671 (10 DEMA). Yesterday the target of 15900 was achieved. Momentum strong but 15900 call has high OI. Lots of writing in 5800 put, 15781-750 is a good intraday base. Buy and sell every drop till 15781-750. If you stay above 15920 then 15981-16000 is also possible.

08:02 AM

strategy on nifty bank

Virendra Kumar says that its resistance zone is 35360-35520.
is. The major resistance zone is 36680-36840. The base zone is 35030-34940 (10 DEMA) and the larger base zone is 34780-34700 (20 DEMA). Worked hard to build base, now base is 35200-34900. Stay long above 35000, buy too. Stay long above 35000, buy also. Keep an eye on ICICI Bank today as it is leaving the Slopping Zone.

07:52 AM

Today’s Trading Calls

KR Choksey Shares & Securities
Buy Guj Gas @ 652, stl 648, tgt 660

Angel Broking

Sell TITAN SL- 1752 Tgt -1685

YES Securities
Buy Bharti Airtel June Fut Sl- 530 TGT- 565

07:43 AM

LIC HSG Results Mixed

LIC Housing Finance results in Q4 were MIXED. Earnings from interest have increased by 39%. Improvement in NIM but profit figures have been lower than expected. ASSET QUALITY IS WORSE. Provisions have increased manifold.

07:36 AM

SHYAM METALICS IPO: Filled 3.65 times so far

The IPO of SHYAM METALICS has received a good response. So far it is more than three and a half times full. , SONA BLW PRECISION’s issue is 27% subscribed. Today is the last day of both the IPOs.

07:30 AM

Action will increase in the primary market, today IPO of DODLA DIARY will open

DODLA DIARY IPO will open today. The price bands are between Rs 421 to 428. ANCHOR ALLOTMENT happened to be Rs 156 crore. You will also be able to invest in the issue of KIMS from today. The price band has been fixed between Rs 815 to Rs 825. Raised about 900 and a half crores from ANCHOR INVESTOR.

07:23 AM

Baltic Index at one-month high

Action will be seen in shipping companies today. BALTIC INDEX reached one month peak due to huge jump in shipping rates. The focus will be on companies like SCI, GE SHIPPING.

07:16 AM

Brent crosses $74

Crude oil prices continue to rise on signs of lack of supply from Iran. Brent has crossed $74. The price has reached the highest level since April 2019. Oil and Exploration stocks will increase enthusiasm

07:10 AM

Global cues mixed for the market

Indications from Asian markets look mixed. SGX NIFTY is seeing a quarter percent pressure. Today, before Fed’s decision, DOW FUTURES is trading flat. US markets closed weak yesterday. However, there was a correction of 100 points in the DOW from the lower levels.

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