08:10 AM
Strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is 14387-14411 and Bada registration zone 14471-14517. The base zone is 14186-14151 (10 * 20 DEMA) and the larger base zone is 14050-14000 (Maximum OI Base). Large institutional cash is not shopping. The market has gained momentum due to short covering. So 14471-14515 is the next target and has a base of 14000-14200. Take the trade keeping in mind the risk-reward. Shop in decline above first base. Buy 14500 calls for less risk.
08:00 AM
Hero Moto SALES in January has been better than anticipated. There has been a 5-fold jump in scooter sales but total sales have fallen by 3 per cent to 4.85 lakh units. On the other hand, Eicher has sold more than 8 percent of Royal Enfield.
07:50 AM
After yesterday’s 6% surge in silver, today there is profit-booking. Comex is down more than 2 percent but crude remains strong and Brent is above $ 56.
07:40 AM
Fertilizer companies will be paid a subsidy of 65 thousand crore rupees before March 31. In an exclusive conversation with CNBC Awaaz, the Expenditure Secretary said – from next year there will be no old arrears of fertilizer companies. Fertilizer shares will again increase in action today.
07:30 AM
Bad Bank will operate on the lines of a private company. The government will not be shareholders. In an exclusive conversation with CNBC-Awaaz, the banking secretary said, NPAs of more than Rs 5000 crore will come under the purview of bad bank.
07:20 AM
The disinvestment process will be completed in BPCL, CONCOR and AIR INDIA in the first quarter of the next business year. In a special conversation with CNBC-Awaaz, Disinvestment Secretary Tuheen Kanta Pandey said – the change in the Act to sell the stakes in IDBI and LIC is included in the Finance Bill.
07:10 AM
Nirmala Sitharaman, who spoke at INTERVIEW with Network Editor-in-Chief Rahul Joshi of Network 18 after the budget, did not want to pay the tax on the common people – Sarkara is throwing money on the budget that will increase the growth in lesser resources.
07:00 AM
There are great signs from global markets. US markets were strong yesterday. The NASDAQ has risen more than 2.5 percent. Asian markets were strong. SGX Nifty also saw a boom.