In yesterday’s trade, the Indian market witnessed range bound trading amid volatility for the 6th consecutive trading day. Nifty 50 closed at 17,222 level with a gain of 69 points in yesterday’s trade and BSE Sensex rose 231 points at 57,593 level. At the same time, it closed at the level of 35,710 with an increase of 300 points. Market experts say that today buying can be seen from lower levels in the market.
Positive signal from global market
The signs from the global market are looking positive for the Indian markets today. Initial strength is visible in Asia. SGX NIFTY is up 0.5 per cent. But flat trading is visible in DOW FUTURES. Yesterday the US markets closed on the rise. In yesterday’s trading, 95 points in Dow and 185 points in Nasdaq were seen. At the same time, the S&P 500 closed at 4575 with a gain of 32 points. Tesla shares had seen a tremendous rise after the stock split in yesterday’s trading. This is the second stock split in Tesla’s shares since August 2020. Tesla shares closed with a jump of more than 8%.
In this correction of the market, there are good opportunities for earning in the pharma sector, know the opinion of the brokerage
Crude oil slips due to lack of demand
Crude oil has slipped due to lack of demand. The rising Omicron case in China has reduced the demand for crude. The price of Brent has come near $111. Russia and Ukraine may hold peace talks in Turkey. Fears of a sharp slowdown in bond yields have increased. Short-term bond yields have risen. The 10-year US bond yield is looking closer to 2.5%.
Big Block Deal in SBI LIFE
There will be a big block deal in SBI LIFE today. Canada Pension Fund will sell about 5.6 million shares. Deals can be had at a discount of up to 3.5% off the current price. The price band has been fixed at Rs 1039 to Rs 1077 per share.
SEBI strict on RUCHI SOYA
Market regulator SEBI has seen a tough stance on RUCHI SOYA. Retail investors have been given the option to withdraw the application from the FPO within 3 days. Actions have been taken due to SMS encouraging investment in the issue.
FII and DII figures
Foreign institutional investors sold Rs 801 crore in Indian markets on March 28. At the same time, domestic institutional investors bought Rs 1162 crore on this day. At the same time, FII bought Rs 1353 crore in Index Futures of F&O. At the same time, Rs 1806 crore was purchased in Index Options. Whereas in Stock Futures sold Rs 505 crore.
Strategy on Nifty and Bank Nifty by Manas Jaiswal of manasjaiswal.com
Sell NIFTY Below 17120,SL-17180 TGT-17000
Buy NIFTY above 17250, SL-17190 TGT-17375
Sell Bank NIFTY Below 35375,SL-35600 TGT-35000
Buy Bank NIFTY Above 35875,SL-35650 TGT-36400
Today’s Intraday Calls which can make huge profits
Intraday Calls by Samit Bagadia of Choice Broking
Gujarat State Fertilizers and Chemicals : Buy Current Price Target Rs.-165 -175 Stop Loss- Rs.145
Federal Bank: Momentum Buy at current price, Target – Rs 101-105, Stop Loss – Rs 96
Intraday calls from Anand Rathi to Mehul Kothari
ITC: Buy at current price, target Rs 268, stop loss – Rs 250
TCS: Buy at current price, target Rs -3750, stop loss – Rs 3670
Intraday Calls by Anuj Gupta of IIFL Securities
Axis Bank: Buy at current price, target Rs -770, stop loss – Rs 698
Mahindra & Mahindra: Buy at current price, target Rs -820, stop loss – Rs 734
,