HAPPY REPUBLIC DAY 2022 ⚑⚑

BUDGET AHEAD: WILL BANKS BRING MARKET BACK TO TRACK??

AXISBANK UP TO 45%UPSIDE
Axis Bank's three-fold jump in the December quarter net profit sent its shares up 5% amid wild swings in the market on Tuesday. The stock was the top Sensex performer as a host of brokerages maintained their bullish stance, with price targets suggesting up to 45 % potential upside in the counter.The private lender reported a profit of Rs 3614 crore for the December quarter against Rs 1117 crore in the corresponding quarter last year. We have seen a similar outcome in ICICI Bank as well and believe that the thesis is likely to play out for Axis Bank as well," it said while suggesting a target of Rs 960 on the stock.

SBI CARD JUMP NEARLY 5%
Shares of SBI Cards and Payment Services on Tuesday gained nearly 5 % after the firm reported an 84 %  jump in net profit for December quarter 2021. The company's stock zoomed 4.90 % to Rs 854 .Total revenues of the company rose 24% to Rs 3140 crore during the quarter under review, as against Rs 2,540 crore in the same period of 2020-21, SBI Card said in a release.The increase in income was primarily due to higher income from fees and services during the quarter, SBI Card. The company's asset quality improved as gross non-performing assets fell to 2.40% of gross credit, as against 4.51% as of the third quarter of 2020-21.

FEDERAL BANK  NET PROFIT RISE 29%
For the quarter ending December 2021, Federal Bank reported a 29% rise in its standalone net profit at ₹521.7 crore as compared to ₹404 crore in the same quarter last rise. Shares of Federal Bank were trading over 2% higher in Tuesday's afternoon deals. The bank’s capital and liquidity position is strong and would continue to be the focus area for the Bank during this period. The extent to which the Covid-19 pandemic will continue to impact the bank's results will depend on the future developments related to the situation, as well as the outcomes of the actions taken to contain the same.

UPCOMING BANKING SECTOR RESULTS:👇👍
CANBK, RBLBANK, PNB, CENTRAL BANK, EQUITAS BANK, INDUSLAND BANK

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NIFTY FUTURE BOTH TARGET ACHIEVED!!!!!!!

 NIFTY ACHIEVED BOTH TGT 17085/17020
SELLING  GIVEN FROM 17155
BOOKED PROFIT OF 10250

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NIFTY FUTURE LEVEL FOR 25 JAN 2022

SELL NIFTY FUTURE 2 LOTS BELOW 17155 TG 17085/17020
 SL 17232

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WHAT SHOULD BE INVESTORS' STRATEGY FOR EXPIRY WEEK & BUDGET 2022-23

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.

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METALS ARE THE BIGGEST MOVERS ON 24 JAN 2022

METALS IN TOP LOSERS TODAY

PERFECT PREDICTION GIVEN IN SATURDAY'S POST 👇

https://beststockfuturecalls.blogspot.com/2022/01/monday-market-prediction-for-24-jan-2022.html

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25000/- PROFIT BOOKED IN TODAY'S STOCK FUTURE CALLS

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

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STOCK FUTURE TIPS FOR 24 JAN 2022

 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