Market Live: Signal from SGX NIFTY, Indian market may start strong

08:10 AM

strategy on nifty

Virendra Kumar of CNBC-Awaaz says that its resistance zone is 15790-15810 and the larger resistance zone is 15840-15871. The base zone is 15670-15655 and the larger base zone is 15550-15510. FII data bad, DIIs are stalling decline. Now in the chart, our market seems to have changed slightly from the US. Do not short before first base (20 DEMA) is broken. Stay long above 15719-15720 and buy downside though investors can stay away. Long positions target – 15810-15840 is possible while short positions will be second base. Place an SL of 15720-15710 on the short trade below the first base. It would be more beneficial to hold stock futures.

08:00 AM

strategy on nifty bank

Virendra Kumar says that its resistance zone is 39911-35050. The major resistance zone is 35230-35340. Base zone is 34640-34550 and bigger base zone is 34372-34200. Weak and breaking 20 DEMA. Tomorrow’s low and first base are very important. You can short below this, the target will be 2nd base (50 DEMA) + 100 points and for this, put a stop loss of 34760. Bank Nifty has been slipping since many days. Friday Reversal is possible.

07:50 AM

Today’s Trading Calls

Securities Box
Buy AURO PHARMA TGT 1000 SL 960

–  MOFSL
Buy  Divis lab 4435 SL 4335 TGT 4635

– Angel Broking
BUY DR REDDY SL 5450 TGT 5720

07:40 AM

Hero Moto sales up 4% in June

Hero Moto sold 4 lakh 69 thousand bikes in June. Sales were better than anticipated and sales have increased by about 4%. At the same time, Royal Enfield sales of Eicher Motors have increased by 13 percent.

07:30 AM

Banks are capable of handling NPAs: RBI

Bank shares will be monitored today. RBI said in FINANCIAL STABILITY REPORT – NPAs may increase by 11.22 percent next year but banks have enough capital. Capable of meeting the challenge of NPA.

07:30 AM

14 companies selected in IT Hardware PLI

The Ministry of Electronics and IT has approved 14 companies under the Production Linked Incentive Scheme. Incentive of Rs 7325 crore will be available in 4 years. Action can be seen in Dixon Tech’s stock.

07:20 AM

Crude surge, OPEC+ meeting today

OPEC+ meeting will be held today instead of tomorrow. On the other hand, crude oil reached a height of about 3 years before the meeting. The price of Brent has reached near $76. Oil producing countries can decide on increasing production.

07:10 AM

AURO PHARMA to separate injectable business

The news of the voice has been stamped. Unit-4 transfer of subsidiary Eugia Pharma has been approved by the board of AUROBINDO PHARMA. The company wants to bring the injectable business under one roof. The decision may increase the action in the stock today.

07:00 AM

Good signals from Asia and US markets

Global cues are looking good on the last day of the week. There is strength in Asia, SGX NIFTY and DOW FUTURES. On the other hand, the S&P 500 again closed the record yesterday in the US. DOW also closed up by 130 points.

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