The market is expected to open in the red mark today. SGX Nifty is down by 233 points, indicating that a gap down opening may be seen in India. The BSE Sensex closed at 58,153 with a fall of 773 points or 1.31 per cent on the last trading day. At the same time, Nifty closed at 17,375 with a fall of 231 points or 1.31 per cent and it had formed a bearish candle on the daily chart. Experts say that as long as Nifty holds the level of 17,300, then it will continue to have a positive trend. In the coming days, there is an important support for Nifty at 17000.
According to the Pivot Chart, there is an important support for Nifty at 17,300.27 and then at 17,225.73. If there is a rise in Nifty, then for this the first resistance will be at 17,452.07 and the big resistance will be at 17,529.33.
Russia-Ukraine crisis put pressure on global market
The fear of Russian attack on Ukraine is seeing selling pressure in the global market. Asia has got off to a weak start. SGX NIFTY is also down 1%. The US markets were down about 2 percent on Friday. But today the strength of 100 points is being seen in DOW FUTURES.
Boiling Crude, Brent near $96
Russo-Ukraine crisis is seeing a boil in crude. Brent is near $96. This will increase action in exploration companies like ONGC. ONGC’s results in the third quarter have been better than expected. There has been a jump of 17% in the earnings of the company. At the same time, profits have declined less than anticipated.
LIC files DRHP for IPO
The country’s largest government insurance company LIC has applied to SEBI for IPO. In this, through OFFER FOR SALE, the government will sell 5 percent stake i.e. 316 million shares. There will be no fresh issue in this in any way.
Voting in Uttarakhand, Goa and UP today
In the second phase, voting for 55 assembly seats of Uttar Pradesh is being held today. At the same time, votes will be cast for 70 assembly seats in Uttarakhand and 40 in Goa in a single phase today.
strategy on nifty
Talking about the strategy on Nifty, Virendra Kumar of CNBC-Awaaz says that its first resistance zone is 17422-17472 and the big resistance zone is 17505-17546. Its first base zone is 17240-17190 and the larger base zone is 17168-17110.
Was told to buy and take 17200 put on Friday. There has been no major sell-off from institutional investors. The monthly/weekly data shows supply zones 17472-505. 17000-17110 Good option support zone, take profit in Put at 17168-17110. Don’t go short at 17110-168, buy here. 17110-17000 Important for this week, if broken, the decline will increase.
strategy on nifty bank
Virendra Kumar says that this first resistance zone is 38626-38805 and the bigger resistance zone is 39916-39020. Its base zone is 38180-38080 and the larger base zone is 37859-37720. Looks like a very strong structure, it is all above the average. Don’t just think about shorting after the bottom opens. Do not short till it is above 38180-38080. Banks can also buy stock futures if found below. Axis, HDFC Bank, IndusInd Bank are looking very strong.
results coming today
Today Coal India, Eicher Motors, Grasim Industries, SpiceJet, Adani Enterprises, Adani Wilmar, Rossari Biotech, AGS Transact Technologies, Apex Frozen Foods, Apollo Micro Systems, Balkrishna Industries, Bharat Dynamics, BGR Energy Systems, Dish TV India, Equitas Holdings, Future Retail, Gateway Distriparks, Graphite India, Greenply Industries, Ipca Labs, IRCON International, IVRCL, Jet Airways, KNR Constructions, Manappuram Finance, MEP Infrastructure, MTNL, Nagarjuna Fertilizers, Natco Pharma, NBCC (India), Panacea Biotec, PC Jeweler , PTC India, RailTel Corporation of India, Repco Home Finance, Sadbhav Engineering, Shriram Properties, Spandana Sphoorty Financial, Sterling and Wilson Renewable Energy, Vivimed Labs and Zuari Global will see the results of 989 companies which will be eyeing the market.
FII and DII figures
On February 11, foreign institutional investors bought Rs 108.53 crore in the Indian markets. On the other hand, domestic institutional investors sold Rs 696.90 crore on this day.
Stocks coming under F&O ban on NSE
4 stocks are under F&O ban on NSE on 14th February. These include the names of BHEL, Punjab National Bank, SAIL and Tata Power Company. It is to be noted that the stocks included in the F&O segment are put in the ban category if the positions of the securities exceed their market wide position limits.
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