Positive signal from global market
There are positive signs from the global market. Asia is strong. SGX NIFTY is up by 100 points. On the other hand, the US markets closed with a boom yesterday due to less uncertainty about the Fed. Fed Chairman Jerome Powell has called policy strictness necessary to control inflation.
Crude rise, gold also shines
Oil prices jumped on the news of Omicron weakening soon. Brent is close to eighty-four dollars. On the other hand, gold has shined due to the softening of the dollar. COMEX GOLD is looking near $1825. Gold has got support from the Fed chairman’s statement.
Corona’s speed decreased in Maharashtra
The speed of corona has decreased in Maharashtra. In the last 24 hours, 34 thousand 424 new patients have been found. Mumbai’s positivity rate has come down to 18%, but Delhi is not getting any relief. More than 21 thousand cases have been found yesterday.
TCS, INFOSYS and WIPRO Q3 results today
The Q3 results of three IT giants TCS, INFOSYS and WIPRO will be out today. INFOSYS and WIPRO are projected to grow more than 3 per cent in dollar revenue, while TCS’ dollar revenue is expected to grow by 2.1 per cent. TCS will also consider the fourth buyback today.
Trade setup for today: Take a look at these figures before the market opens, it will be easy to catch profitable deals
Delta Corp: Fantastic Q3 results, online business IPO to come
Delta Corp has produced some of the best results ever. The company’s profit has increased from Rs 1.25 crore to Rs 76 crore in the third quarter on a year-on-year basis. There has also been a strong increase of 64 percent in income. Preparations have also started for the listing of the company’s online gaming business.
Tata Tele: Decision to give equity under moratorium
Tata Tele will issue equity to the government under the option of moratorium. The government will hold 9.5 per cent stake in the company. The interest amount related to AGR is around Rs 850 crore.
strategy on nifty
Talking about the strategy on Nifty, Virendra Kumar of CNBC-Awaaz said that its first resistance zone is 18088-18129 and the big resistance zone is 18161-18205. Its base zone is 17961-17913 and the larger base zone is 17856-17805. Stay long in Nifty and buy the downside, buying on first base gives great risk-reward. The chances of 18161-18205 above are pretty high. The way 18226-287 opens over 18205. Yesterday’s long was also asked to take us home.
strategy on nifty bank
Virendra Kumar of CNBC-Awaaz said that its resistance zone is 38640-38870 and the larger resistance zone is 39080-39340. Its base zone is 38225-38073 and the larger base zone is 37860-37710. Above 38500 looks very strong on the chart. 39300-500 shows the way. Be long and buy the downside.
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