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We believe
that LIC's IPO will play a crucial role in
meeting the targets for the upcoming financialyear, despite the higher divestment target set for the Union Budget.Even though there is volatility
pre and post Budget, the event hardly has any impact in the
two-week period.
It is
likely that the Center will miss its targets of divesting and selling strategic stakes in
FY2021-22. A further increase in disinvestment
and privatization is likely in the future.
There
are no changes to the capital gains tax for startups. Crypto startups seek clarity
over issues like taxation, legislation, exemptions and regulations.
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BUY 1 LOT ICICIBANK 840 CALL @ 11 TARGET 16
BUY 1 LOT HDFCLIFE 640 CALL @ 12.7 TARGET 18
BUY 1 LOT VEDL 350 CALL @ 5 TARGET 6
CIPLA FUT ACHIEVED BOTH TARGET 944/951
BUYING CALL GIVEN FROM 937
BOOKED PROFIT OF 13650
UPL FUT ACHIEVED BOTH TARGET 811/815
BUYING CALL GIVEN FROM 807
BOOKED PROFIT OF 15900
NIFTY FUT ALMOST ACHIEVED 1ST TARGET @ 17385
BUYING CALL GIVEN FROM 17310
BOOKED PROFIT OF 3750
BANK NIFTY ACHIEVED BOTH TARGET @ 38020/38200
BUYING CALL GIVEN FROM 37820
BOOKED PROFIT OF 14500
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BUY CIPLA FUT 2 LOTS ABOVE 937 TG 944/951 SL 929
BUY UPL FUT 2 LOTS ABOVE 807 TG 811/815 SL 802
BUY NIFTY FUT 2 LOTS ABOVE 17310 TG 17385/17450 SL 17228
BUY BANK NIFTY FUT 2 LOTS ABOVE 37820 TG 38020/38200 SL 37600
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SBI
For the past four weeks, SBI has been showing a higher high, higher low pattern after the prices formed a V-shaped
recovery near Rs 440. Our recommendation is that the prices are likely to move higher after a correction. Going forward, we expect the prices to move higher towards the Rs 540 mark
immediately, followed by Rs 584 being tested. We recommend a stop-loss of Rs 490 on a daily closing basis.