Petrol Diesel Price Today : The new rates of petrol and diesel have been released today i.e. on Monday. Oil companies have not made any new hike in the prices of both diesel and petrol today. Diesel prices have increased by 36 paise yesterday. Petrol prices have also increased by 33 paise. Petrol in Delhi today is being sold at Rs 102.39 per liter and diesel at Rs 90.77 per liter.
Dalal Street this Week: Some important factors that will decide the condition and direction of the market this week
In the week ending October 1, the market’s five-week rally was halted. In the absence of any new trigger in the domestic market, Dalal Street showed bearish dominance. Global cues like rise in oil prices, rise in US bond yields and rising concerns over China’s economy weighed on the market sentiments. But strong core sector data and a strong manufacturing PMI in September prevented the market from falling too much.
Last week, Banking & Financial, FMCG, Capital Goods and Technology stocks put pressure on the market. But oil & gas, power, metal and auto stocks supported the market.
Market players say that the consolidation in the market is likely to continue in the coming week. Market watch will be on RBI’s commentary on the economy and global factors like oil prices, US bond yields, US employment data. Samco Security says that this week is going to be very action packed. The eyes of the market giants will remain on the RBI monetary policy. Apart from this, the market will also be watching the meeting of OPEC this week. Market participants should be prepared for huge volatility in crude prices.
strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its resistance zone is visible at 17605-17631. The major resistance zone is at 17694-17718. The base zone is visible at 17480-17450 and the larger base zone at 17371-17325. It was clearly said on Friday to play pullback, 17600 call is important. Some stability in the data of institutional investors, light buying by FIIs, some put writing. Take some profit booking at 17605-17631. The first is the Call Writers Zone. It is important to stay above 17631 for strength and big short covering. A level of 17694-718 is also possible if it stays above 17631. 17480-450 is now the most important zone and also the base of the series. Avoid short over it.
strategy on nifty bank
Virendra Kumar on Nifty Bank says that its resistance zone is 37371-37563 and the larger resistance zone is 37882-38026. The base zone is 37131-37010. The larger base zone is 36926-36820. Nifty bank has achieved 20 DEMA now will try to get 37500 (10 DEMA). If it hangs above 37500, then a little short covering is also possible. However, it is difficult to say which stock future will last.
Today’s Trading Calls
BUY SUNP HARMA FUT TG 865 SL 805
Buy TVS motor tgt 580 sl 556
Buy IDFC FIRST BANK Stop 45.20 Target 52
FEDERAL BK: Loan growth at 6-quarters high
FEDERAL BANK also had excellent Q2 numbers. Loan growth is at the peak of 6 quarters. There has been an increase of more than 9% in DEPOSITS and ADVANCES. At the same time, there has been an increase of 9 percent in the deposit of CSB Bank and 12 percent in the loan.
DMART Q2 Update: Earnings up 46%
Q2 update gives good signs for AVENUE SUPERMART Standalone earnings grew 46% and company opened 8 new stores in Q2.
HERO MOTO: Total sales down, exports up
HERO MOTO sales down 26% in September but exports
has increased by 35%. Eicher Motors has sold 44% less ROYAL ENFIELD than last year.
HDFC Q2 Update: 135% Loan Growth
HDFC has registered a strong loan growth of 135% in the second quarter on a year-on-year basis. According to the Q2 update, the company has disbursed loans worth about 7 thousand 130 crores.
Global cues mixed for the market
Global cues look mixed on the first day of the week. Nikkei has a weak start in Asia but SGX NIFTY is seeing a jump of 80 points. Today markets in China and Korea are closed. Flat trading is happening in DOW FUTURES. On Friday, the DOW closed up by 480 points.
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