BUDGET UNLIKELY TO BOOST SENSEX

According to the short-term historical performance of the stock market before and after budgets in 2010 to 2020, volatility has significantly decreased. Based on the stock market's performance over the last five years, it is clear that the Budget outcome has not affected it. The event has been neutral, but there is volatility around elections, especially general elections.

In general, volatility is also observable during other major events such as quarterly results, and global factors. The five state elections this year, including those in UP and Punjab, are presumed to be a precursor to the national elections two years later. Another factor affecting the market is hawkish monetary policy, high inflation, and Q3 results. Nowadays, the real expectations from the Budget are low, rather high only on paper. And it is further low when key states or national elections are scheduled. Markets are now expected to follow the Q3 results and global market trends. It's been a good start to the earnings season, thanks in part to the evergreen IT sector. In its current form, the Budget is expected to be positive for the economy, but it is unlikely to provide a boost and momentum to the market.
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 M&M 900 CALL TARGET ACHIEVED @  30 BUYING CALL GIVEN FROM 27

BOOKED PROFIT OF 2800

NIFTY 17800 CALL TARGET ACHIEVED @ 90 BUYING CALL GIVEN FROM 71

 BOOKED PROFIT OF 1900

TCS 3800 CALL TARGET ACHIEVED @ 80 BUYING CALL GIVEN FROM 70

BOOKED PROFIT OF 1500

HINDALCO 520 CALL  TARGET ACHIEVED @ 13 BUYING CALL GIVEN FROM 11.4 BOOKED PROFIT OF 1720

BANKNIFTY 37000 3 FEB PUT TARGET ACHIEVED @ 330 BUYING CALL GIVEN FROM 280 BOOKED PROFIT 2500

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STOCK OPTION CALLS FOR 28 JAN 2022

 "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"

BUDGET 2022-23 AHEAD: FOCUS ON INFRA & HOSPITAILITY SECTOR👍👍👍

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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.

we are not expecting any major negative earnings impact on Nifty in the next couple of years, as the two heavy weight sectors – namely financials and technology look fine. It is crystal clear that long-term growth prospects of the Indian equities are still promising. It is recommended unequivocally that investors should use this opportunity to buy on dip strong fundamental stocks at reasonable pricing. Investor could keep following shares on radar for instance, Wipro, HCL Technologies, Tech Mahindra, HDFC Bank, ICICI Bank, KPR Mills, Fineotex Chemical, Aarti Industries, Tata Power, Olectra Greentech, KNR Construction and PNC infratech etc.
“TODAY BANKING SECTOR TRYING TO HELP MARKET TO COME ON TRACK”
Today Canara Bank 8.76 % reported over two-fold jump in its net profit on a standalone basis to Rs 1,502 crore for the December 2021 quarter on the back of lower provisioning. The bank had posted a net profit of Rs 696 crore in the year-ago quarter. Sequentially, the net profit was higher by 13 % from Rs 1,333 crore in the quarter ended September 2021. The bank's gross non-performing assets or bad loans rose to 8% of the gross advances as of December 31, 2021, from 8% at the end of December 2020.
TODAY RBLBANK UP 6%, AXISBANK UP 4% & PNB UP BY 5%
AS WE ALREADY PREDICTED IN OUR PREVIOUS POSThttps://beststockfuturecalls.blogspot.com/2022/01/budget-ahead-will-banks-bring-market.html

39625/- PROFIT BOOKED IN TODAY'S INTRADAY FUTURE CALLS

 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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STOCK FUTURE TRADING TIPS FOR 27 JAN 2022

 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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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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