NIFTY FUTURE PREDICTION FOR TOMORROW 09-FEB 2022

Markets ended marginally up in a highly volatile trading session, taking a breather after the recent fall. The benchmark again fell after a flat start, however major indexes bounced back to help the index regain its losses. In the end, the Nifty index closed around 17,266 points.In terms of sectors, a mixed picture was observed where real estate, capital goods, and industrials ended with losses, while metal and PSU banking indexes posted modest gains. In the broader markets, both midcaps and small caps ended lower by 0.8% and 1.8%, respectively.Since the Union Budget, we've seen a rollercoaster ride and the coming MPC meeting is likely to keep volatility high. Additionally, global cues also don't look good, so participants should continue to take a cautious stance and limit leverage position.

RESISTANCE	R1	R2	R3
	17357	17459	17715
SUPPORT	S1	S2	S3
	17101	16947	16691

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26250/- PROFIT BOOKED IN INTRADAY NIFTY BANKNIFTY TODAY

NIFTY FUT BOTH TARGET ACHIEVED 17170 / 17050
 SELLING GIVEN FROM 17250

BOOKED PROFIT OF 10000

BANKNFITY FUT ACHIEVED BOTH TARGET 37799/37549
SELLING CALL GIVEN FROM 37999
BOOKED PROFIT OF 16250

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NIFTY FUTURE CALLS FOR 08-FEB 2022

SELL NIFTY FUT 2 LOTS BELOW 17250 TG 17170/17050
SL 17530

SELL BANKNFITY FUT 2 LOTS BELOW 37999 TARGET 37799/37549
SL 38349

NIFTY FUTURE LEVELS PREDICTION FOR 08 FEB 2022👍

During today's session, the market started weak and selling was accentuated throughout, as the market closed at the 17213.60 level with a loss of 302.70 points. The Bank Nifty ended at 37995.45, a loss of 793.90 points.
Since the last three trading sessions, the Nifty has been trading with lower highs and lower lows, indicating weakness in the counter for the time being. Further, the index has broken below the rising trend line and is trading below the middle band of Bollinger bands, which suggests downside movement in the stock.
Stock markets were under pressure as strong US jobs data led to fears of steeper than expected rate hikes by the Federal Reserve, resulting in a spike in bond yields. Due to domestic inflation and global central bank policies tightening, there is a high likelihood that the market will remain volatile.

RESISTANCE	R1	R2	R3
	17455	17697	18104
SUPPORT	S1	S2	S3
	17048	16883	16476

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Awesome Calls!! Proud Of our Research!

15500/- PROFIT BOOKED IN CASH CALLS  

LAURUSLAB  CASH BOTH TARGET ACHIEVED 530/536 BUYING CALL GIVEN FROM 524 BOOKED PROFIT OF 9000 (1000 SHARES)

HINDALCO CASH TARGET ACHIEVED @ 531 BUYING CALL GIVEN FROM 525 BOOKED PROFIT OF 3000 (500 SHARES )

JSW STEEL  CASH TARGET ACHIEVED @ 667 BUYING CALL GIVEN FROM 660 BOOKED PROFIT OF 3500 ( 500 SHARES )

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INTRADAY CASH CALL FOR 07 FEB 2022

BUY LAURUSLAB ABOVE 524 TG 530/536 SL 517

BUY HINDALCO  ABOVE 525 TG 531/537 SL 518

BUY JSW STEEL ABOVE 660 TG 667/674 SL 652

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

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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%.