Strategy on bank nifty
Virendra Kumar of CNBC-Awaaz says that it has registration zone 34000-33876, big registration zone 34210-34376, base zone 33200-33000 and big base zone 32840-32800. Not showing any strength, most stock futures are below 50 DEMA. Keep an eye on 14620-14550 after Gap Up, buy the hinges. It has a very important level of 34000.
Strategy on nifty
Virender Kumar states that its registration zone is 14668-14700, Bada registration zone 14756-14800, base zone 14620-14550 and Bada base zone 14450-14410. The US market is quite strong but not with the Yield, Dollar Index. Keep an eye on 14620-14550 after Gap Up. If you stay at these levels, then buy or sell below 14620-14550 again. Short covering is also possible if you stick to 14620. At the same time, large short coverings above 14756 are also possible.
Strong Earning Trading Calls
Prudent Broking Services
VEDL- Buy 226.85, SL-223, TGT-232
Buy alembic Pharma.. typo error SL-914 TGT-982
Buy Crompton SL-371 TGT-399
Buy Tata Steel @ 765 SL-749 TGT-820
Corona decreased slightly
The speed of the corona has decreased slightly. Yesterday, around 58 thousand new cases have surfaced in the country. There has been a decrease in new cases in Maharashtra, but the situation is still worrisome. The Government is considering increasing strictness.
NAZARA TECH’s listings today
Today the IPO of mobile gaming company NAZARA TECH will be listed. The IPO was 175 times full and its issue price is 1101 rupees.
Gold prices soften
Gold has lost its sheen due to a strong dollar and rising treasury yields in the US. COMEX GOLD has slipped below $ 1720.
Crude boom, Brent crosses $ 65, ship stranded in Suez Canal removed
Crude prices have seen a jump in hopes of continuing production cuts. Brent has crossed $ 65. It is possible to support the production cut from Russia at the OPEC + meeting on 1 April. Meanwhile, the container ship stranded at Suez Canal has been removed from shore. Now the traffic is normal.
Hedge fund Archegos defaults, US banks lose billions of dollars
Hedge Fund Archegos’s Defualt has dealt a blow to US banks. American banks like Nomura, Credit Suisse have lost billions of dollars. Banks have sold around $ 20 billion of Archegos’ holdings, triggering a margin call.
SGX Nifty Flat, Record Fast in Dow
The signal from global markets is not clear today. Mixed business is taking place in Asian markets in the morning. SGX Nifty is trading flat. Yesterday Dow Jones closed on a new record but Nasdaq and S&P saw slight weakness.
For social media updates, we need Facebook (https://www.facebook.com/moneycontrolhindi/) And Twitter (.).