08:10 AM
strategy on nifty
Virendra Kumar of CNBC-Awaaz says that the resistance zone of Nifty is at 17621-17681. Its major resistance zone is 17731-17778 and base zone is 17521-17482. Its large base zone is at 17438-17390. Was told yesterday clearly stay long, hold 17500 call also. Today is the day of those who took long deals yesterday. Depends on the gap between the new Long Gap Up and the 17700-731. Stocks will move more than the index, focus on NBFCs.
08:00 AM
strategy on nifty bank
Virendra Kumar says that its resistance zone 37450-37610
Is. Its major resistance zone is 37750-37840 and base zone is 36866-36765. The larger base zone is 36657-36515. The base zone is between 37100-36800. There is heavy call writing at 37500-700-800-38000. Take a long trade if it stays above 37250. There is the difficult zone at 37450 and then the zone 37610. If it goes above 37610, there will be heavy short covering. Above 37610 then 3770-840 is also possible.
07:50 AM
Today’s trading tips
Nirmal Bang
Marico buy tgt 582 sl 558
Axis Securities
Buy Motherson Sumi 224 SL 220 target 234
LKP Securities
BUY ALEMBIC PHARMA FUT TG 840 SL 795
07:43 AM
Crude rises, Brent near $76
Crude oil prices will see a jump on the expectation of depleting reserves and increasing demand in the US. Brent has reached near $76. CRUDE INVENTORY in the US is at a three-year low.
07:38 AM
BHARTI AIRTEL: RIGHTS ISSUE RECORD DATE FIXED
The record date for the RIGHTS ISSUE of BHARTI AIRTEL has been fixed as September 28. Rights issue of Rs 21 thousand crore will be open from October 5 to October 21.
07:30 AM
PM Modi arrives in America on a 3-day visit
PM Modi arrived on a three-day visit to America. Today the Vice President will meet Kamala Harris. Will meet Biden tomorrow.
07:22 AM
US FED did not change interest rates
The US FED did not change interest rates but has said it will reduce bond purchases from November. There are also indications of a hike in interest rates from next year.
07:17 AM
Some relief from the Evergrande payment crisis
Evergrande is relieved from the payment crisis. The company clarified that today’s interest installment will be paid. Meanwhile, China’s Central Bank has injected $18 billion in cash into the system.
07:10 AM
Good signal from global market
The signs from the global market are looking good. SGX NIFTY is seeing a jump of half percent. DOW FUTURES is up 160 points. The DOW and S&P 500 closed strong yesterday after 4 days of decline. The market is buoyed by the Fed not changing interest rates. Here in Asia, there is a holiday in Japan’s market today.
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