"BUY 1 LOT M&M 900 CALL @ 26 TARGET 30"
"BUY 2 LOTS NIFTY 17800 3 FEB CALL @ 71 TARGET 90"
"BUY 1 LOT TCS 3800 CALL @ 70 TARGET 80"
"BUY 2 LOTS BANKNIFTY 37000 3 FEB PUT @ 280 TARGET 330"
"BUY 1 LOT HINDALCO 520 CALL @ 11.4 TARGET 13"
"BUY 1 LOT M&M 900 CALL @ 26 TARGET 30"
"BUY 2 LOTS NIFTY 17800 3 FEB CALL @ 71 TARGET 90"
"BUY 1 LOT TCS 3800 CALL @ 70 TARGET 80"
"BUY 2 LOTS BANKNIFTY 37000 3 FEB PUT @ 280 TARGET 330"
"BUY 1 LOT HINDALCO 520 CALL @ 11.4 TARGET 13"
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It is a budget time
and the countdown for the Union Budget 2022-23 has started. If the pandemic
doesn’t create havoc on the budget day, then Finance Minister Nirmala
Sitharaman will most likely present her fourth Budget on February 1 this year.The budget is expected to provide a push to both affordable and rental
housing ecosystems as well as bolstering existing financial infrastructure so
as to provide liquidity to stuck real estate projects. On the similar lines, it
is expected to focus on the infrastructure space so as to increase employment
potential of this sector.The hospitality sector is seeking lower taxes and incentives in terms of offering interest-free loans, subsidies and reduction in tax rates.
AXIS BANK FUT ACHIEVED BOTH TARGET 757/761 BUYING CALL GIVEN FROM 753 BOOKED PROFIT OF 14200
CIPLA FUT ACHIEVED 1ST TARGET 909 /916 BUYING CALL GIVEN FROM 902 BOOKED PROFIT OF 13650
NIFTY FUT ACHIEVED 1ST TARGET 17030 BUYING CALL GIVEN FROM 16955 BOOKED PROFIT OF 1875
SUNPHARMA(FEB)FUT ACHIEVED 1ST TARGET @ 804 BUYING CALL GIVEN FROM 797 BOOKED PROFIT OF 4900
BANKNIFTY FUT ACHIEVED BOTH TARGET 37400/37600 BUYING GIVEN FROM 37200 BOOKED PROFIT OF 25000
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BUY CIPLA(FEB) FUT 2 LOTS ABOVE 902 TG 909/916 SL 894
BUY AXIS BANK(FEB) FUT 2 LOTS ABOVE 753 TG 757/761 SL 748
BUY NIFTY(FEB) FUT 2 LOTS ABOVE 16955 TG 17030/17100 SL 16870
BUY SUNPHARMA(FEB)FUT 2 LOTS ABOVE 797 TG 804/811 SL 789
BUY BANK NIFTY(FEB) FUT 2 LOTS ABOVE 37200 TG 37400/37600 SL 36980
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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:๐๐
CANBK, RBLBANK, PNB, CENTRAL BANK, EQUITAS BANK, INDUSLAND BANK
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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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