08:05 AM
strategy on nifty
Virendra Kumar of CNBC-Awaaz says that the Nifty’s resistance zone is at 17591-17627. Its major resistance zone is 17671-17709 and base zone is 17443-17409. Its major base zone is at 17354-17310. Strong money made in yesterday’s 17500 call in closing. FIIs buying has halted, first base being the key. The index appears to be in range right now, with data from FIIs indicating the same right now. 17700-800 is the zone of call writers and heavy put writing is possible at 17400. 17443/409-17627/671 is the trading zone. Stay long, hold 17500 call, buy decline above 17443. Long as long as the second base zone is on the screen.
07:57 AM
strategy on nifty bank
Virendra Kumar says that its resistance zone is 37426-37544. Its major resistance zone is 37709-37827 and base zone is 37048-36883. The larger base zone is 36742-36550. Heavy Call writing at 37500-38000, Put writers dominating at 36500. Stay long, buy every drop above 36800.
07:52 AM
Today’s Trading Calls
YES SECURITIES
Buy Britannia No. 4070-4050 SL- 3070 TGT- 4270
KR Choksey Shares & Securities
Buy MCX @1635, stl 1625, tgt 1655
The Streets
Buy Canara Bank, SL- 152, TGT-160
07:44 AM
PM Modi will leave for America today
Today PM Modi will leave for a three-day visit to America. On September 24, the US President will meet with Biden. Discussions will also be held with QUAD leaders. There will also be talk on Taliban, climate change.
07:34 AM
Gold strengthens ahead of Fed’s decision
Before China’s Evergrande crisis and Fed’s decision today, gold prices are seeing a rise. The price of COMEX GOLD is near $1775.
07:29 AM
Home registration becomes cheaper in Karnataka
Action will increase in realty stocks like SOBHA, PRESTIGE and PURVANKARA today. The Karnataka government has reduced STAMP duty by 2% on flats priced below Rs 45 lakh. Those who register for the first time will get the benefit of deduction.
07:25 AM
PARAS DEFENCE IPO filled 16.5x on Day 1
The IPO of PARAS DEFENCE is getting a great response. IPO filled more than 16 times on the first day. RETAIL’s share is subscribed 31 times. The price band is between 165 to 175 rupees. The issue will close tomorrow.
07:15 AM
Weak signals from global market
The signals from the global market are getting weak. In Asia NIKKEI and SGX NIFTY are witnessing weakness of more than a quarter percent. Markets in South Korea and Hong Kong are closed today. On the other hand, DOW FUTURES in America has also slipped by one hundred and fifty points. Yesterday the DOW JONES and S&P 500 closed down.
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