Before the credit policy, the market started with an edge. Sessex opened with a gain of 320 points at 50,934.33. At the same time, the Nifty is trading at a level of 14980 with a strength of about 85 points.
Strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is 14956-14977 and the larger registration zone 15017-15050. The base zone is 14811-14766 and the larger base zone is 14716-14676. The 15000 zone is difficult for the Nifty. Initially book profits at BTST. Shopping on the decline will benefit. 14811-14766 will be the important level after the policy. Avoid trade before the policy. Keep in mind the Friday factor, it has 14716 important levels.
Strategy on BANK NIFTY
Virendra Kumar of CNBC-Awaaz says that it has a registration zone 35488-35570 and a big registration zone 35740-35820. The base zone is 35010-34923 and the larger base zone is 34771-34598. The subsequent fall of the policy will be significant. The level of 34923-34471 in Bank Nifty is significant. Initially tie the profits in BTST trade. Try fast after the policy.
HOME APPLIANCE company STOVE KRAFT will be listed on the exchange today. This IPO was 18 times full. , Listing signs at an 8–10 per cent premium from GREY MARKET.
M&M is expected to report good results in the third quarter. The company’s profit is expected to grow by 56 percent. A jump in BRITANNIA’s earnings profits, margins and volume growth is possible. These two Nifty companies will present the results today.
In the third quarter, HERO MOTO produced impressive results. There has been a jump of 23 percent in profits. Income is at record levels. The company has announced an interim dividend of Rs 65 and a special dividend of Rs 100 crore.
Nifty banks, auto and housing stocks, standing strongly at the peak of 35000, may see increased action today. Credit policy will arrive at 10 am. According to the CNBC-Awaaz Bankers Poll, a change in interest rate and accommodative stance is not expected.
About 290 stocks of circuit filters will be replaced from today. In stocks like ADVANCE ENZYMES, BURGER KING, EQUITAS, SPICEJET, the limit increased from 10 to 20 percent. The circuit filter of YES BANK is also 20 percent. Today action will increase in these stocks.
There is a huge drop in gold prices. The price on MCX is at a 7-month low. On the other hand, silver is also seeing weakness of about 2 percent. But crude has gained momentum and Brent has reached extremely close to $ 60.
07: 00 AM
The signs are excellent from the global market. SGX NIFTY is pointing to NIFTY’s new HIGH opening. Nikkei has a strong start in Asia. There was a record closing of the S&P 500 in the US. The DOW also saw a jump of 330 points yesterday.