Market Live: SGX NIFTY signaling, Indian markets may start weak

08:13 AM

Strategy on NIFTY

Virendra Kumar of CNBC-Awaaz says that its registration zone is 15165-15210, big registration zone is 15238-15269. The base zone is 15010–14970 and the larger base zone is 14900–14864.
The figures for FIIs and DIIs have been good, cash buys. The options figures are also looking good. 15000 good psychological level but option base is at 14800. Sentiment will be better till the level of 15000 is maintained. Fluctuations are possible due to global markets. Keep shopping strategy in decline. A good level of buying above 15000 in the fall, the scope of trading may remain at 15269-15010. Call writers dominate the 15300 level.

08:00 AM

Strategy on NIFTY BANK

Its registration zone is 34386-34510. The larger registration zone is 34603-34821. Its base zone is 33610-33500. The larger base zone is 33310–33230. Momentum is visible in the big bank stocks. ICICI BANK / HDFC BANK has come out of the base. Shopping strategy will be effective in the fall. Shop around first base in the fall. Today the scope of trading is 34500-33610 possible.

07:50 AM

Know today’s trading calls

Kotak Securities
BUY SBI TGT 400 SL 374

The Streets
Buy Maruti, SL– 6700, TGT- 7000

KR Choksey Shares & Securities
Buy L&T @1415, SL- 1405, TGT- 1435

07:42 AM

PM Modi’s Gujarat tour today

Prime Minister Modi will visit Gujarat and Diu today to take stock of the damage caused by Cyclone Toute. After the aerial survey, there will be a review meeting in Ahmedabad.

07:35 AM

Corona: new cases 2.67 lakhs, recovery 3.87 lakhs

There is again more recovery from new cases of Corona. Yesterday, 2 lakh 67 thousand cases were reported while 3 lakh 87 thousand patients were cured. In Mumbai, the number of new cases has slipped below one thousand.

07:28 AM

Axis Bank will sell stake in SUUTI

The news of CNBC Awaaz is stamped. Through OFS, SUUTI will sell 3.6 crore shares in Axis Bank. The floor price of OFS has been fixed at Rs 680 per share.

07:21 AM

Results of PI IND and GUJARAT ALKALIES are good

Results of PI INDUSTRIES in the fourth quarter have been strong. There has been a jump of over 60% in profits. The results of AARTI INDUSTRIES were mixed. The company announced one bonus share each. The results of GUJARAT ALKALIES have been excellent. Profits have increased more than 2 times.

07:15 AM

Good results for TATA MOTORS in Q4

The results of the TATA MOTORS in Q4 have been good. Management told CNBC-Awaaz Exclusive – JLR expects good response from China and the US but is cautious about the impact of Covid in the domestic market. There are also signs of increasing the prices of cars and trucks due to the rise in commodity costs.

07:10 AM

Global signal weakens for market

The global signal for the market is weak. In the US, the DOW slipped nearly 270 points yesterday. Here SGX NIFTY is trading down one-fourth percent. NIKKEI remains under pressure in Asia. Korea on Buddha Jayanti and Hong Kong market on National Day is closed today.

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