Strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is 14631-14674 (10/20/50 DEMA), the larger registration zone is 14718-14754. The base zone is 14434–14411 and the larger base zone is 14277–14423 (100 DEMA). Today FIIs figures out of a very poor, short put is not a good sign. The atmosphere has been disturbed by the news of 3 months and the Moratorium. 14434-411 critical support for range, can buy even fall. Slipping below 14411 is also possible 14277-223. 14550-600 up to 14700-718 pullback will be available.
Strategy on nifty bank
Its registration zone is 32560-32640. The larger registration zone is 32880-32940. Its base zone is 32000-31910. The larger base zone is 31650–31510. There was a sharp sell-off in the closing yesterday but 32000 is still intact. 32000-31910 Buy every fall unless broken. Level 31650-31510 will open below 32000-31910. If you hold 32000 and remove 32300-400 then it will go up.
Know today’s trading calls
Sell Bandhan Bank @ cmp (317.65) – SL-327 TGT- 304
BUY GAIL FUT- SL -142 , TGT 151
– Angel Broking
Buy Exide -SL- 177 ,TGT- 188
Jamnagar: Big initiative of Reliance Foundation
Reliance Foundation’s Covid Care Hospital has been started in Jamnagar, Gujarat. Chief Minister Vijay Rupani has inaugurated the hospital’s virtual. Corona patients will have free treatment. There will be a hospital with a total of one thousand beds
New cases 3.82 lakhs, recover 3.37 lakhs
Recovery of corona patients has accelerated. About 3 lakh 40 thousand patients have been cured yesterday. In the last 24 hours, 3 lakh 80 thousand new cases have been found. Things started improving in Mumbai and Delhi. Less than 2700 new cases were found on the second day in Mumbai.
Good results possible for TATA STEEL
Today will be the Q4 results of TATA STEEL. The company can turn a profit from a loss. REVENUE expects a jump of over 40 per cent. On the other hand, the PROFIT of SRF can increase by 75%. The results of ADANI ENT and DEEPAK NITRITE will also be watched.
RBL BANK’s NPA reduced
In Q4, the RII BANK’s NII declined by 11 per cent to 34 per cent, but the bank’s ASSET QUALITY has shown improvement. The NET NPA has decreased by 40 BASIS POINT. Pressure is reduced on BALANCE SHEET.
Good results of Adani Port
Results of ADANI PORTS in the fourth quarter have been good. The company’s REVENUE grew by over 23 percent. There was a jump of more than three times in profits. At the same time, PROFIT of ADANI GAS has increased by more than 19 percent.
Edge in DOW FUTURES, SGX NIFTY FLAT
DOW JONES in the US has witnessed a spectacular recovery of 350 points from the lower levels yesterday. Today DOW FUTURES is also trading above 70 points. Japan’s market in Asia is still closed today. SGX seems to be doing flat business in NIFTY.
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