RELIANCE IND। Marcellus will sell the asset subsidiary to Shale Play for $ 250 million.
Strategy on nifty
Virendra Kumar of CNBC-Awaaz says that it has a registration zone 14859-14877 and a large registration zone 14934-14950. The base zone is 14719-14677 (EXPIRY BASE) and the larger base zone 14629-14590. The Nifty has 14950–15000 critical supply zones under the option. Buy in the fall. It is possible to trade between 14719-14950. Do not take long option trades today. Focus on metal stocks today.
Strategy on nifty bank
Virendra Kumar of CNBC-Awaaz says that its registration zone is 34867-34960 and the larger registration zone is 35230-35300. The base zone is 34580-34477 and the larger base zone is 34254-34112. Bank Nifty has 35000 big supply zone. Focus on initial decline. There is first support on 34580 and second support on 34254. There is a trade zone between 34354-34900.
07: 50 AM
The CNBC Awaaz Brokers poll has a 70 per cent opinion that Nifty’s expairy can cut between 14800 and 14900. At the same time, 80 percent of the brokers have given the range of 34700 to 35000 for Bank Nifty.
07: 40 AM
Bharti Airtel, which is close to Life Time High, may see increased action today. The company has produced good results. Losses resulted in profits. Revenue has grown by 6% to cross Rs 26,000 crore. BROKERAGE has given a target of up to Rs 690.
07: 30 AM
The three Nifty companies SBI, NTPC and HERO MOTO will be out today. On a quarterly basis, SBI’s profit could grow by over 16 per cent. HERO MOTO is also expected to yield good results.
07: 20 AM
Crude oil prices continue to rise. Brent has reached an upper level of 1 year. In the US, a new push has been found due to the decrease in inventories. Keep an eye on companies like ONGC, OIL, HOEC today.
07: 10 AM
The credit policy of RBI will come tomorrow. Veterans BANKERS and ECONOMIST involved in Awaaz MPC have expressed interest in not cutting interest rates. Veteran bankers said – inflation is not a big challenge right now.
07: 00 AM
NIFTY will try to touch the peak of 15000 today. SGX NIFTY is trading on the edge. There are also positive signs from DOW FUTURES. The S&P 500 has strengthened for the third consecutive day yesterday.