AXIS BANK, MARUTI SUZUKI & BIOCON CAN DELIVER DOUBLE-DIGIT RETURNS NEXT WEEK 07 FEB 2022

FOR LIVE MARKET TRADING TIPS CALL OR WHATSAPP ON 7772909587

AXISBANK-The stock has been forming a higher high higher low pattern since it bounced off the Rs 648 mark. In the week started January 24, 2022, the stock broke above the 20-Week SMA (Rs 734) following which prices continued to climb.. On the weekly timeframe, the RSI has moved above the 50 mark and is now moving higher towards the overbought level, indicating that bullish momentum is increasing.. The price is expected to move higher towards the previous swing high of Rs 870, after which we might see a move towards Rs 936. On a daily closing basis, we recommend a stop-loss of Rs 760.

MARUTI SUZUKI-It has been witnessing a rangebound move since January 2021, moving between Rs 6,400 and Rs 8,353. In the week started, the prices not only broke through but also closed above the Rs 8,350 mark.. The volume buildup indicated participation in the up move.The RSI plotted on the weekly chart is above the 50 mark, moving higher, indicating increasing bullish momentum in the markets.. If the prices manage to breach the Rs 9,600 mark, we may see further up movement towards the Rs 10,000 level. We recommend a strict stop-loss of Rs 8,200 on a daily basis.

BIOCON- Biocon has broken out of the 6 months consolidation. Along with the breakout, the stock has also broken above the 50-week SMA resistance and formed a bullish candlestick. The RSI indicator plotted has also broken out of the range and confirms the breakout. Stock is expected to move higher towards Rs 430 and if it crosses above Rs 430, then eventually towards Rs 460 level. One should maintain a strict stop-loss of Rs 370 on a daily closing basis for this trade.

RESULTS EXPECTATION HIGH 👍 FOR SBI& WEAK 👎FOR BOB

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Tomorrow,SBI & Bank of Baroda will announce their quarterly results.SBI is expected to show continued strength in its operating performance, supported by modest business growth, while Bank of Baroda is expected to have a weak Q3 earnings report.
In SBI's case, it can benefit from modest business growth and a gradual reduction in provisions, while BoB may see a weak Q3 earnings show. On the other hand, an increase in bond yields could affect treasury performance. The stock of SBI and BoB has outperformed the benchmark Sensex, so far this year. The former has risen about 17 percent YTD, while the latter has risen by 34%.
SBI-We expect 14% operating profit growth at Rs 19796.1 crore, driven by lower operating expenses, and 9% NII growth at Rs 31,505 crore, supported by subdued loan growth of 7%. Treasury income is likely to be lower and wage costs may not be one-offs during this quarter. Net profit is predicted at Rs 8,032.3 crores. We expect slippages at 2 per cent of loans and lower sequential provisions at Rs 2,429.1 crores.

BOB-We expect pre-provision operating profits to decline 12% YoY to Rs 4,902.7 crore on weak revenue growth  and elevated costs.We expect an unchanged loan book as demand for credit, especially corporate, is subdued. NII is pegged at Rs 8,048.6 crore; net profit at Rs 1,934.7 crore; and NIM at 3%.

28550/- PROFIT BOOKED IN INTRADAY FUTURE CALLS

VOLTAS  FUT ACHIEVED BOTH TARGET 1228/1238
BUYING CALL GIVEN FROM  1218 BOOKED PROFIT OF 15000

 TATA MOTORS FUT ACHIEVED 1ST TARGET @ 508.30
BUYING CALL GIVEN FROM 505.30 BOOKED PROFIT OF 8550

 HAVELLS FUT 1ST TARGET ACHIEVED @ 1225
BUYING CALL GIVEN FROM 1215 BOOKED PROFIT OF 5000

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STOCK FUTURE CALLS FOR 04 FEB 2022

BUY  VOLTAS  FUT 2 LOTS ABOVE 1218 TG 1228/1238 SL 1207

BUY TATA MOTORS FUT 2 LOTS ABOVE 505.30 TG 508.30/511.30 SL 501.50

 BUY HAVELLS FUT 2 LOTS ABOVE 1215 TG 1225/1235 SL 1204

NIFTY FUTURE PREDICTION FOR 04 FEB 2022

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Today the nifty found resistance at 17775-17800. On the lower end, it found support at 17530. The nifty was down 97 points,17683 points while the sensex was at 59202, down 0.6%.on the higher end, resistance remains at 17700/17800. The trend is expected to remain positive as long as nifty trades above 17400 on a closing basis.except for the auto index, all other indices ended in the red with oil & gas, it, realty, and capital goods down 1%. Hero motocorp, bajaj auto, divis labs, maruti suzuki, and itc were the top losers on the nifty index, while gainers included hdfc, ntpc, sbi life insurance, grasim industries, and infosys.

NIFTY IMPORTANT LEVELS FOR TOMORROW

SUPPORT	17410	17313	17029
RESISTANCE	17694	17881	18165

NIFTY TRADING LEVELS FOR  04-02-2022

	RATE	TARGET	STOPLOSS
BUY ABOVE	17610	17700	17490
SELL BELOW	17357	17267	17477

12500/- PROFIT BOOKED IN BANK NIFTY FUTURE CALL

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BANKNIFTY TAREGT ACHIEVED @ 39140 SELLING  GIVEN FROM 39390 BOOKED PROFIT OF 12500

 SELLING CALL GIVEN IN YESTERDAY’S POST 👇
https://beststockfuturecalls.blogspot.com/2022/02/banknifty-future-prediction-on-03-feb.html

30450/- PROFIT BOOKED IN TODAY'S STOCK FUTURE CALLS

TATA MOTORS FUT TARGET ACHIEVED @ 513/516 BUYING CALL GIVEN FROM 510 BOOKED PROFIT OF 25650

 AXIS BANK FUT 1ST TARGET ACHIEVED @ 806 BUYING CALL GIVEN FROM 802 BOOKED PROFIT OF 4800

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STOCK FUTURE TIPS FOR 03 FEB 2022

 BUY TATA MOTORS FUT 2 LOTS ABOVE 510 TG 513/516
SL 506.50

BUY AXIS BANK FUT 2 LOTS  ABOVE 802 TG 806/810
 SL 797