Strategy on bank nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is near 31000-31241, Bada registration zone 31500-31665, base zone 30500-30486 and Bada base zone 30297-30100. Quite weak, now has the highest OI at 30,000. There are now 200 DEMA zones at 29700-750. Sell by technical and data and sell till 31200 is achieved. Some stability is possible at the level of 29800-30000. Trading is a better strategy by looking at the screen.
Strategy on nifty
Virendra Kumar states that its registration zone is 14471-14548, Bada registration zone 14600-14633, base zone 14200-14131 (100 DEMA) and Bada base zone 14060-14000. Clear all-round selling by FIIs, not even put writing. 14500-14548 Now sell big registries, benches below it and in every pullback. A little relief is possible at 14131-14060. It is better strategy to trade by looking at the screen.
Strong Earning Trading Calls
SELL REC, SL 128, TGT 120
SELL MARUTI, SL 6700, TARGET 6000
DIVIS LAB BUY, STOP LOSS 3720, TARGET—3925/4000
1.60 lakh new corona cases filed in the country
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21% loan growth of BANDHAN BANK possible in Q4
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Sorry for IMPUT DUTY for Sputnik V
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Banks should keep the flow of debt: RBI
Banks have been alerted by RBI Governor Shaktikanta Das regarding Corona. Stressed sector and small businesses are said to continue giving loans. At the same time, banks have demanded a scheme like restructuring deadline and moratorium in case of lockdown. There was a meeting of RBI and banks yesterday.
Estimates of TCS results
TCS results are estimated. Dollar revenue has seen a jump of 5%. The highest margin has been in 22 quarters. The order book has reached the highest level with 920 million dollars. A dividend of Rs 15 per share has also been recommended.
Global signs mix for markets
The global signal is mixed. Prior to the retail inflation data, there has been a slight profit-booking in the US markets. The DOW closed 55 points yesterday. NIKKEI is up half a percent in Asia but SGX NIFTY is trading flat.