Strategy on bank nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is 33819-33939, Bada registration zone 34180-34260, base zone 33180-33050 and Bada base zone 32859-32800. Below 33500 is technically quite poor. Things will get worse below 33200 and then 32800 is also possible. Stability above 33500 is possible, then 34000 is also possible.
Strategy on nifty
Virendra Kumar says that its registration zone is 14810-14841, big registration zone 14890-14920, base zone 14627-14590 and big base zone 14550-14510. It is not a good day to take a side trade. Initially book profits in long deals. Trust will increase on the 14627-14590 (50 DEMA) zone. Do not buy the initial Gap Up. Buy and buy every fall to first base. Sell below the first base, then sell. FIIs data is quite poor for today.
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New fiscal year begins, many rules changed
The introduction of new finance has changed many rules related to income tax and PF. The government also reduced the interest on small deposit savings schemes by 1%, although it has given relief in providing PAN and Aadhaar link. Deadline has risen to 30 June.
Third phase of vaccination from today, vaccinations for those above 45 years of age
The third phase of corona vaccination will begin today. Vaccination will be of people over 45 years of age. Here in Maharashtra, the corona test rates have come down. On the other hand, Pfizer said that its vaccine is 100% effective for 12-15 year olds.
Vehicle sales figures in March today
Today’s March sales figures will be available. The effect of last year’s LOW BASE will be seen. Maruti sales could double. Sales of TATA MOTORS may see a 5-fold increase. Companies have also increased the prices of vehicles from today itself.
LIF size of NIFTY will be reduced to 50, TATA CONSUMER came in NIFTY
The LOT SIZE of NIFTY from JULY EXPIRY will be reduced from 75 to 50. On the other hand, NIFTY will include TATA CONSUMER in place of GAIL from today. There will be entry of AU SMALL BANK in Nifty Bank. BANK OF BARODA will be out. ORACLE will REPLACE INFO EDGE into NIFTY IT.
Nifty expiry possible between 14800-14900
Today the market will be watching the weekly expiry of Nifty and Nifty Bank. In the Awaaz Traders Poll, 50% experts said that the expiry of Nifty can be between 14800 to 14900.
Signal positive, Asia and SGX Nifty strong
Global signal is positive on the first day of the new business year. Asian markets have got off to a strong start. SGX NIFTY has seen a bounce of 100 points. In the US, the S&P 500 and NASDAQ have closed in the green mark due to the disclosure of Joe Biden’s $ 2.5 trillion infra plan.
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