08: 20 AM
Strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its registration is zone14710-14748. The larger registration zone is 14780-18410. Its base zone is 14546-15510. The larger base zone is 14450–14410. US market, global sentiment good but domestic signal is quite poor. Corona figures, fear of lockdown dominates the market. There is a trading zone between 14700-14500. After the market opens, the direction will be decided, see the screen and trade. 14300 below 14500 and 14800 above 14700 is possible. Pharma, IT, FMCG have power in select companies.
Strategy on nifty bank
Virendra Kumar of CNBC-Awaaz says that its registration zone is 32208-32310. The larger registration zone is 32470–32550. Its base zone is 31710-31550. The larger base zone is 31350–31200. Corona may have a large negative impact on the index. Will take trade after opening but weakness will increase below 31700-550. Let’s see where the index opens due to HDFC Bank. The next support below 31500 is just 30800.
Know today’s trading calls
Prudent Broking Services
BUY AUROPHARMA AT 953 SL 925 TGT 982;
Buy LTI Stop 3970 Target 4320
Buy Wipro @ 468 SL 454 Tgt 490
Oxygen Bain for Industries
To overcome the shortage of OXYGEN, the government has banned oxygen supply to INDUSTRIES. Railways will run OXYGEN EXPRESS TRAINS to deliver supplies across the country.
2.74 lakh corona cases registered in the country yesterday
The second wave of Corona is not relieving. In the last 24 hours, about 2 lakh 75 thousand new cases surfaced. 1620 people died. On the other hand, companies like CADILA, DRL, CIPLA and SYNGNE have reduced the price of Remdesvir from 25 per cent to 65 per cent.
MACROTECH DEVELOPERS IPO LISTING TODAY
MACROTECH DEVELOPERS IPO will be listed today. Issue price is Rs. 486. The IPO was 1.3 times full.
Good results for MINDTREE
MINDTREE produced better-than-expected results in the fourth quarter. DOLLAR REVENUE has risen by more than 5 percent. But there is a slight pressure on the margin. At the same time, the profit of ICICI LOMBARD increased by 23 percent.
HDFC Bank good results
HDFC Bank has produced results close to the estimate. Profit in Q4 increased by 18 per cent and earnings by interest increased by 12 and a half per cent. NPA and Provising declined. HDFC BANK’s ADR is up nearly half a percent.
Global signs mix for market
Asia has had a sluggish start on the first day of the week. SGX NIFTY is getting 160 point and DOW FUTURES is getting 100 point pressure. However the DOW and S&P 500 closed at record highs on Friday.
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