07:59 AM
strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its resistance zone is visible at 18367-18410. The major resistance zone is at 18477-18542. The base zone is visible at 18292-18261 and the larger base zone at 18219-18178. Bullish everywhere, strong FII figures, also achieved last week’s 18310. According to the data, 18477-542 is also visible, keep increasing SL as the price increases. Stay Long, After Gap Up Opening bring SL to Thursday’s closing price. A decline up to 18292-261 is good for buying, don’t go short above the second base. We are far away from the smaller moving averages so let’s focus on SL, also take profit on Pivot Levels.
07:52 AM
strategy on nifty bank
Virendra Kumar on Nifty Bank says that its resistance zone is 39510-39730 and the bigger resistance zone is 39890-40030. The base zone is 38110-38020. The larger base zone is 38840-38687. New breakout has been given on Thursday on the basis of HDFC Bank. Stay long, new buys depend on how far we open above 40000. Heavy put writing at 39300-39000, blockage at 39500, 40000 is also possible. Good results of HDFC Bank will give new life.
07:45 AM
effect of anti dumping duty
Strong action can be seen in Jubilant Ingrevia, Laxmi Organics, Deepak Nitrit today. The government has imposed anti-dumping duty on ACETYL and its derivatives for 5 years.
07:38 AM
HCL TECH: Results weaker than expected
In the second quarter, HCL TECH has had weaker results than expected. DOLLER REVENUE has increased by 2.6% and profits have increased by about 1.5%. There was a slight decline in margin but the management has maintained the GUIDANCE of double digit revenue growth for FY22.
07:30 AM
DMART profits doubled
DMART also posted excellent results in Q2 with double profits. Revenue has increased by 47% to close to 7800 crores and margins have shown an improvement of more than 2%.
07:24 AM
Good Result of HDFC Bank
HDFC Bank has presented better than expected results in the second quarter. NII 12% so profits have jumped about 18%. NPAs have declined. Management said that further strong growth can be seen in RURAL and SME.
07:16 AM
Good signals from global markets
On the first trading day of the week, the signs of global markets are looking good. SGX NIFTY has crossed 18450. Asian market and DOW FUTURES are trading FLAT but DOW JONES has jumped around 900 points in 2 sessions.
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