Strategy on NIFTY
Virendra Kumar of CNBC-Awaaz says that its registration zone is 15096-15126, the larger registration zone is 15165-15180. The base zone is 14938-14890 and the larger base zone is 14828-14800. Consolidation was shown in the market yesterday. The Nifty maintained a level of 15000. Momentum may remain upwards. Buy, buy more in the fall. The first base for intraday traders is 14938-890. Buy on declines above 14938-890. The second base is important for the current Momentum. If 15126 is crossed then 15180 is also possible. Today’s scope is 15180-14950 possible.
Strategy on NIFTY BANK
Its registration zone is 33940-34060. Larger registration zone is 34370-34450. Its base zone is 33570-33440. The larger base zone is 33180-33130. Yesterday saw good consolidation between 34000-33600. Maintain the strategy of buying and declining above the first base. There are 34000 difficult zones according to call writing. If it crosses 34000, then we are seeing a spurt towards 400 point. Stay in BUY deals until 33130 is above.
Know today’s trading calls
Bata India buy tgt 1520 sl 1440
– Angel Broking
Buy Jubfood SL 2940 Tgt 3140
Buy Escorts 1178 SL 1166 TGT 1210
Corona: new cases 2.76 lakhs, recovery 3.68 lakhs
On the seventh consecutive day, the speed of recovery is more than the new cases of corona are being seen. Yesterday, 2 lakh 76 thousand cases were reported while 3 lakh 68 thousand patients were cured. There is also a sharp decline in the death toll.
Corona hit on crude, 3% slipped Brent
Crude 3 percent slipped due to rising cases of corona in Asia and rising inflation in the US. Brent’s price has come down to $ 67. On the other hand, Bitcoin has seen a huge decline. Bitcoin has recovered slightly from the lower levels after breaking 30 percent to 30 thousand dollars.
IBULLS HSG FIN Results Good
The results of Indiabulls Housing Finance in the fourth quarter have been good. 117 percent in profits and 18 percent in interest income has been seen. Today the market will be waiting for the results of HPCL, HAVELLSTORRENT POWER, ZEEL and BOSCH.
Government increases fertilizer subsidy by 140%
The farmers have got a big relief. The government has increased the subsidy by 140% on DAP fertilizer. The government will incur an additional burden of Rs 14 thousand 775 crore. Fertilizer shares action will increase today from the news.
DALMIA POWER may sell stake in IEX
According to the exclusive news of CNBC-Awaaz, DALMIA POWER can sell stake in IEX today through a block deal. The deal of 1 crore 34 lakh shares can be done at the price of 363 to 382 rupees per share.
Global signs mix for markets
Signs for the markets are mixed. SGX NIFTY is seeing a jump of 40 points but Asia has started weakly. On the other hand, the US markets are seeing pressure for the third consecutive day. The DOW had fallen by over 160 points yesterday.
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