NEWS UPDATE: UK Health Minister Javid: The Omicron Covid Variant Is Spreading At A Phenomenal Rate (Marginal negative for GBP)

#Cryptonews - US Congressman Joked About ‘HamsterCoin.’ The Very Real Cryptocurrency’s Value Surged

Read Full Article - https://ipoinfo.co.in/us-congressman-joked-about-hamstercoin-the-very-real-cryptocurrencys-value-surged/

SHIB - Meme Coin Takeover?

Similar to our analysis on Kishu, we may see Shib breakout too. We are seeing some bullish price action on the structure level right now which could be the start of a breakout. However, if we reject the descending red trendline and come back down, it would just give us another opportunity to get in at a lower price.

Trade Idea:
- Risk entry now with stops below the structure level
- If we come back down lower, watch the 2 structure levels indicated for a bounce and enter with stops below the structure
- Target the October highs and HODL the rest

Full Chart

NIFTY BUYING ZONE SUPPORT 17017 AND SELLING ZONE 17770. AND BANKNIFTY BUYING ZONE 36730 AND SELLING ZONE 37888

GOOD MORNING :- SHORT TERM BUY TATACOM 1440 TO 1465 T1 1616

*Adani Green* has signed an agreement with the Solar Energy Corporation of India (SECI) to supply 4,667 MW of green power

Sources tell ET NOW that *Reliance Industries* has started working on end-to-end Hydrogen Fuel Cell Powertrains for commercial vehicles

(Supportive for stock prices)

*L&T:* CO CONSTRUCTION AWARDED (LARGE*) CONTRACT FOR ITS BUILDINGS AND FACTORIES BUSINESS (SUPPORTIVE FOR STOCK PRICES)

Data Patterns IPO opens today. Should you subscribe to the issue?

Read: https://ipoinfo.co.in/data-patterns-ipo-opens-today-should-you-subscribe-to-the-issue/

*ABFRL*: CO HAS IN-PRINCIPALLY APPROVED ACQUIRING THE EXCLUSIVE ONLINE AND OFFLINE RIGHTS TO THE GLOBAL BRAND 'REEBOK' FOR THE INDIAN MARKET (SUPPORTIVE FOR STOCK PRICES)

*MARUTI:* TOYOTA PLANS 4T YEN EV INVESTMENTS BY 2030, NIKKEI. NOTE: TOYOTA WILL DO EV BUSINESS WITH MARUTI IN INDIA (SUPPORTIVE FOR MARUTI)

*News Update:*

RBI issues Prompt Corrective Action (PCA) framework for NBFCs

Stipulations for NBFCs under PCA to range from equity infusion by promoters to business restrictions.

(News seen positive for long term structure of NBFCs, however immediate effect likely to be seen on companies like M&M FIN, Equitas, Ujjivan etc)

NIFTY BUYING ZONE SUPPORT 17017 AND SELLING ZONE 17770. AND BANKNIFTY BUYING ZONE 37030 AND SELLING ZONE 37888

GOOD MORNING :- SHORT TERM BUY SUNPHARMA 770 TO 777 T1 810

*TORRENT PHARMA:* CO SAYS USFDA INSPECTION AT TORRENT S MANUFACTURING FACILITY AT LEVITTOWN, PENNSYLVANIA, USA || AT THE END OF THE INSPECTION, NO FORM 483 WAS ISSUED (SUPPORTIVE FOR STOCK PRICES)

*CADILA HEALTHCARE:* ZYDUS RECEIVES ORPHAN DRUG DESIGNATION FROM US FDA FOR ZY-19489, A NOVEL COMPOUND TO TREAT MALARIA (SUPPORTIVE FOR STOCK PRICES)

*CREDIT ACCESS GRAMEEN:* CO SAYS STRONG GROWTH MOMENTUM BACKED BY INCREASED CUSTOMER CONFIDENCE BRANCH EXPANSION IN NEWER MARKETS TO DRIVE FUTURE GROWTH WELL POISED TO GAIN MARKET SHARE IN THE MICROFINANCE INDUSTRY (SUPPORTIVE FOR STOCK PRICES)

*ASHOKA BUILDCON* WINS ORDER WORTH 262 CRS (SUPPORTIVE FOR STOCK PRICES)

*BHEL* ROLLS OUT FIRST ELECTRIC (EV) TRAIN BY BHEL ELECTRIC (SUPPORTIVE FOR STOCK PRICES)

#Cryptonews - Gita Gopinath: It’s difficult to implement a crypto ban.

Read: https://ipoinfo.co.in/gita-gopinath-difficult-to-implement-a-crypto-ban/

*Engineers India:* Company has signed a MoU with Institute of Chemical Technology for joint development of technology for large scale cultivation of algae and extraction of value added products. (Positive 70.8 Support 69.5 TGT 72.4)

*IRCTC:* Ahmedabad-Mumbai Tejas Express' frequency raised to 5 days (Positive 845.0 Support 834.0 TGT 868.0)

*Nykaa:* FSN E-Commerce's Nykaa, Nikhil Thampi launch partywear collection (Positive 2140.0 Support 2101.0 TGT 2210.0)

*Thyrocare:* Company to share financial information with API Holdings (Positive 1040.0 Support 1028.0 TGT 1068.0)

*Persistent Systems:* ATOSS, a Germany-based software provider for workforce management, has selected Persistent to transform its customer relationship management with the help of salesforce integrations. (Positive 4490.0 Support 4438.0 TGT 4570.0)

*Union Bank:* Life Insurance Corporation of India acquired 2.01 percent stake in the bank through open market transactions. (Positive 45.5 Support 44.0 TGT 48.2)

Macquarie on *Bajaj Auto:* Upgrade to outperform on company (Positive 3240.0 Support 3212.0 TGT 3280.0)

MS on *Amber:* Maintains Buy on company, target price at Rs 4350/Sh (Positive 3420.0 Support 3390.0 TGT 3470.0)