strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its resistance zone is 15821-15866 and the larger resistance zone is 15915-15950. The base zone is 15700-15665 and the larger base zone is 15640-15600. Yesterday, the fall in Adani Group companies showed a false breakdown of intraday. Yesterday 15700 was reclaimed, closed at the top of the day, buying strategy correct in the fall. Weekly, Monthly data is now giving clear indications of 15950-16000. Buy, buy even in the fall above 15700 and if the situation improves above 15821, then the first target will be 15866-15915. RIL, the B2 most important stock, will bring life to the index.
strategy on nifty bank
Virendra Kumar says that its resistance zone is 35080-35210. The major resistance zone is 35410-35520. The base zone is 34810-34700 and the larger base zone is 34610-34490. Yesterday the first phase gave a false breakdown. Today call writers dominate at 35000, will be bullish only above 35050-100. Take long trades only after holding above 35100, not before. Keep SL of first base for buy deals above 35100.
Today’s Trading Calls
Centrum Broking Ltd
BUY ICICIPRULI SL 580 TGT 606
Buy Icici securities SL 625 and TGT 675
Buy Godrej cp SL 900 Target 1000
Promoters of NEWGEN SOFT will sell 12% stake
According to CNBC-AWAAZ EXCLUSIVE news, promoters of NEWGEN SOFT will sell 12% stake through block deal. Deals are possible between Rs.440 to Rs.454 at around 4% discount.
COAL INDIA Q4 RESULTS GOOD
COAL INDIA produced strong results in the fourth quarter. Earnings, profit and margin figures have been higher than expected due to improvement in realisation. In FY21, the company has given a total dividend of Rs 16.
JUBILANT FOOD, LIC HSG FIN RESULTS TODAY
If the profit of JUBILANT FOODWORKS is more than 2 times then 7% increase in margin is possible. Wherein 14% SSSG is possible. Here LIC HSG FIN interest may increase by 16 per cent today. Today both companies will present Q4 results.
SHYAM METALICS IPO: Filled 1.2x on Day 1
Shyam Metalics’ IPO has received good response. The first day is about a quarter and a half full. The issue of Sona BLW Precision was subscribed 11%. Tomorrow is the last day of both the IPOs.
CLEANING ADANI GROUP, NSDL, 3 FIIS
ADANI Group, NSDL and three FIIS presented their clarification after clearing the market capitalization of about $ 7 billion, saying that all three DEMAT ACCOUNT is active. But sentiment has remained weak on the stock of ADANI. Even in today’s business, the shares of ADANI PORTS and ADANI ENT can remain quite volatile. Investors are advised to stay away. Only professional traders should take steps.
Mixed signals from overseas market
The signals from the overseas market are looking positive. Asia and SGX NIFTY are doing well. However, the US market is cautious ahead of the FED meeting. The S&P 500 and NASDAQ closed at record highs yesterday.
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