08:05 AM
What should be your strategy on Nifty
CNBC-Awaaz editor – F&O, Virendra Kumar says that the major registration zone in the Nifty remains around 1414205-14221 while the larger base zone in it is around the level of 13730-13690. FIIs have made a big sell. Therefore, consolidation is necessary for new purchases in it. Nifty, Nifty Bank has made a low of 50 DEMA. Let the index stabilize after the market opens. Short covering is possible when the index is kept above 13980-14030 after opening. The large registration point after short covering is at the level of 14200-14221. If the Nifty slips below 13850, then the pressure will build up.
07:50 AM
Today will be the listing of IRFC. The IPO was nearly 3 and a half times full. There are signs of sluggish listings from the GREY market. The same yesterday, STOVEKRAFT’s ISSUE closed 18 times.
07:40 AM
Today is a big day in terms of results. 8 NIFTY companies including Tata Motors, CIPA, Dr REDDYS, INDUSIND BANK will offer RESULTS. 9 companies involved in F&O like Dabur, DLF, SAIL will also announce the results.
07:30 AM
In the third quarter, PIDILTE produced good results from the estimates. The company’s profits grew 29 percent. There is also an improvement in margins. The company’s consumer business saw a volume growth of 22%. At the same time, UBL has mixed results. The company’s profits grew 19% but there was pressure on revenue and margins.
07:20 AM
Before the budget, understand the mood of the market. In the CNBC-Awaaz Brokers poll, 44% said the budget for the stock market would remain POSITVE, while 47% opinion could see a 10 percent upside in 2021 after the budget.
07:10 AM
The budget session of Parliament will start from today. The President will address the joint session of both the Houses. The Economic Review of the current financial year will be presented in Parliament today. Due to Corona, only the digital version of the survey will be released.
07:00 AM
BULLS has a COMEBACK in US markets. The DOW 300 climbed and closed yesterday. In the morning, the Asian markets were also seen strong; SGX NIFTY has seen a rise of more than 100 POINT.