NIFTY ACHIEVED BOTH TGT 17085/17020
SELLING GIVEN FROM 17155
BOOKED PROFIT OF 10250
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NIFTY ACHIEVED BOTH TGT 17085/17020
SELLING GIVEN FROM 17155
BOOKED PROFIT OF 10250
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SELL NIFTY FUTURE 2 LOTS BELOW 17155 TG 17085/17020
SL 17232
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The market has witnessed heavy selling today ,the week before the main event Budget 2022 lined-up.Next trading sessions could be equally volatile.The Nifty50 could witness strong moves in both directions as profit booking and short covering could intensify.Talking about the options data, strong Call writing is seen at 17,900 and 18,000 levels, indicating strong resistance for the week, whereas open interest in Put options indicates support at 17,500 followed by 17,000.We recommend a short strangle strategy where traders could write 17500 put and 17800 Call for a total premium of approximately 155 per pair and to cover the risk buy 17350 put and 17950 call for a total premium of 85 per pair.The maximum profit would be Rs. 3500 for the trade if Nifty ends the expiry week between 17500 and 17800.
Some stocks on which investors should keep an eye are:
L&T: There is multi-year revenue visibility from large order books and government is expected to increase road infrastructure spending in this year’s budget.The company’s order execution capabilities, effective capital utilization and reduced debt, all make it a good long-term performer.
Tata Power & Tata Motors: Renewable energy and electric vehicles could be an area of great focus in this year’s budget. The PM announced in Glasgow about net-zero carbon emissions by 2070. There might be some announcements about this.
Bharti Airtel: India has witnessed a revolution in the telecommunication sector over the past seven years which is expected to continue over the coming years.Government’s focus to bring 5G technology to India as soon as possible will give a good boost to the company. Price of data per Gigabyte has gone down from Rs. 200 in 2014 to Rs. 10 in recent years.
Based
on research stocks that can be bought in run up to the Union Budget 2022.
It recommended stocks ranging from banking, oil & gas, Power, infra and
Breweries and distilleries segments.The picks are: ICICI Bank, SBI,
HDFC Ltd, Reliance Industries, Thermax, Tata Power, L&T, BEL, Tata Motors,
Ultratech, M&M, DLF, Power Grid, HCG, Globus Spirits.
ICICI BANK FUT ACHIEVED 1ST TARGET @ 813
BUYING CALL GIVEN FROM 809
BOOKED PROFIT OF 5500
AXIS BANK FUT ACHIEVED 1ST TARGET @ 710
BUYING CALL GIVEN FROM 706
BOOKED PROFIT OF 4800
SUNPHARMA FUT ACHIEVED BOTH TARGET @ 818.50/825.50
BUYING CALL GIVEN FROM 811.50
BOOKED PROFIT OF 14700
FOR MORE LIVE MARKET TIPS PLEASE FILL UP THIS FORM------>
BUY ICICI BANK FUT 2 LOTS ABOVE 809 TG 813/817
SL 804
BUY AXIS BANK FUT 2 LOTS ABOVE 706 TG 710/714
SL 701
BUY SUNPHARMA FUT 2 LOTS ABOVE 811.50 TG 818.50/825.50
SL 803.50
Sector for Monday
"METAL & CEMENT "
For guidance ping me๐๐ฒ 7772909587
BUY DELTA CORP FUT 2 LOTS ABOVE 292 TARGET
296/298 SL 286.50
SELL DELTA CORP FUT 2 LOTS BELOW 290 TARGET 286/283 SL 295.50
Microsoft is buying gaming company and Call of duty maker
activision blizzard in a $68.7 billion all-cash acquisition, sparking a buzz in
the gaming industry across the globe.In India, too, players in the
gaming sector are wondering what impact this deal could have on the overall
market.