08:13 AM
strategy on nifty
Virendra Kumar of CNBC-Awaaz says that the resistance zone of Nifty is at 17810-17856. Its major resistance zone is 17890-17931 and base zone is 17645-17561. Its major base zone is at 17526-17471. Yesterday the option level did not hold, the positional SL at 17690 is triggered. Yesterday in the closing also it was clearly said that now avoid long. Now wait for the market to open, it is difficult to guess the opening levels. Now pullback can come from two levels. 17650-628 First, if slips here, 17531-496 is also possible, short trade is possible between the two levels. The rising 20 DEMA at 17496 is at the Big Break level.
08:04 AM
strategy on nifty bank
Virendra Kumar says that its resistance zone is 38064-38210.
Is. Its major resistance zone is 38340-38560 and base zone is 37620-37500. The larger base zone is 37210-37050. There has been a good recovery from the lower levels yesterday led by Kotak Mah Bank. Avoid taking trades immediately after the bottom opens. After opening down, 37620-500 important base zone, if broken, the pressure will increase significantly. Will take trade after opening.
07:53 AM
Today’s Trading Calls
Globe Capital
Buy Kotak Bank tgt 2120 sl, 2040
KR Choksey Shares & Securities
Buy Sun pharma @763, stl 757, tgt 775
Religare Broking Limited
Buy Bajajauto @ CMP(3908.7) SL 3830 TGT 4060
07:49 AM
ABSL AMC IPO to open today
ADITYA BIRLA SUN LIFE AMC’s IPO will open today. The price band is between Rs 695 to 712. ANCHOR INVESTORS has invested Rs 800 crore in the company. The issue will close on 1 October.
07:42 AM
SEBI approves gold exchange framework
MARKET REGULATOR SEBI APPROVS THE FRAME WORK OF GOLD EXCHANGE. SOCIAL STOCK EXCHANGE MANUFACTURING IS ALSO STAMPED. It will be easier for NGOs to raise money. SEBI board also eased the listing rules.
07:35 AM
Big block deals at Max Health today
According to the EXCLUSIVE news of CNBC-AWAAZ, there may be a big block deal in MAX HEALTHCARE today. KAYAK INVESTMENTS plans to sell 6.5 percent stake. The deal can be done at 5 percent discount.
07:25 AM
Big block deals in HDFC AMC today
STANDARD LIFE will sell 1.6 crore shares i.e. 5 percent stake in HDFC AMC today. The FLOOR PRICE has been fixed at Rs.2870 with about 7.5 percent discount.
07:15 AM
Sharp decline in US market, Asia weak
Indications from the global market are looking weak. NIKKEI in Asia is broken by more than 2%. SGX NIFTY is also under pressure. On the other hand, the strength of bond yields in the US has led to a sharp fall in tech stocks. The NASDAQ slipped a quarter to three percent yesterday and the DOW also closed down 570 points. Although today there is a strength of 150 points in DOW FUTURES.
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