Stocks in News*
*JTL Infra:* The Company registered highest sales volume ever of 34,612 Metric Tonnes in Q3 FY22. The volume increased by 77.39% YoY (Positive)
*Stove Craft:* Business Transfer Agreement between the Company and SKAVA Electric Pvt Ltd (Positive)
*Likhita Infra:* Company has received orders worth Rs. 250 Crores (approx.) excluding GST from various City Gas Distribution Companies. (Positive)
*Eicher Motors:* VECV (Volvo eicher commercial vehicles) sales rise 50.6% in December. Eicher RE: Total sales at 73739 units in Dec 2021 (up 7%). Estimates 65500 units (Positive)
*NBCC:* Company has received work orders of Rs 392.0 crore (Positive)
*SML Isuzu:* Total sales at 4706 units in Dec 2021 (up 68%). 2796 units Dec 2020 (Positive)
*VST Tillers:* Power tillers sales at 3089 units in Dec 2021 (up 38%). 2230 units Dec 2020. (Positive)
*Bhageria Ind:* Company has successfully Commissioned 9.50 MW Solar Power Projects at Village-Kombhalne (Positive)
*Adani Ent:* Company has incorporated a WOS to undertake business of developing and operating projects for the synthesis of low carbon fuels and chemicals. (Positive)
*Rama Steel:* Foreign investor Saint Capital Fund acquired 1 lakh equity shares in the company at Rs 327.71 per share on the BSE (Positive)
*United Spirits:* Long-term rating upgraded to 'CRISIL AAA/Stable'; short-term rating reaffirmed (Positive)
*Avenue Supermarts Q3:* Standalone revenue from operations at Rs 9,065.02 cr vs Rs 7,432.69 cr YoY (Positive)
*Sunflag Iron:* Long-term rating upgraded to 'CARE A+/Stable (Positive)
*KNR Constructions:* Company has transferred its 49% stake in subsidiary company ie KNR Tirumala Infra Private Limited ("SPV") to Cube Highways (Positive)
*PNB:* Board has approved Divestment of entire stake in India SME Asset Reconstruction Company Ltd. (Positive)
*GMR Infrastructure:* NCLT clear merger of GMR Power Infra, GMR Infra; clear demerger of non-airport business of GIL (Positive)
*HDFC Life Insurance* Gets regulatory approval for Exide deal (Positive)
*Aurobindo Pharma:* Approves transfer of vaccines business to unit (Positive)
*H.G. Infra:* Company has received the provisional completion certificate for the project (Positive)
*Khaitan Chemicals:* India Ratings & Research has upgrade the ratings from BBB+ to A- of the bank facilities of the company (Positive)
*Indian Oil:* Sri Lanka To Give Oil Tank Leases to India in Exchange for Aid (Positive)
*Cola India:* December production jumped by 3.3 percent (Positive)
*Shriram Transport:* Shriram Transport Finance to Upsize MTN Program to $3.5B (Positive)
*NTPC:* Company incorporated first part capacity of 49.92 MW out of 296 MW Fatehgarh Solar PV Project at Jaisalmer (Positive)
*Tata Motors:* Total domestic sales at 66,307 units in Dec 2021 Vs 53,430 units YoY (up 24%). Estimates 66000 units. (Neutral)
*Hero MotoCorp:* Dec. sales 394,773 units vs 447,335 Y/Y Est 383000 (Neutral)
*Maruti:* Total domestic sales at 153000 units in Dec 2021, Estimates 152000 units. (Neutral)
*Atul Auto:* Total sales at 11499 units in Dec 2021 (up 1.8%). 11302 units in Dec 2020. (Neutral)
*Cyient:* To hive off the Software Design Radio (SDR) division of the Company to Innovation Communications Systems Limited (Neutral)
*NMDC:* Iron ore sales fell nearly 4% on year to 3.40 mln tn in December, and production was up 2.3% on year at 3.95 mln tn (Neutral)
*Reliance* to Raise Up to $5 Billion in Offshore Bond Offering (Neutral)
*Escorts:* Company sold 4,695 tractors Vs 7,733 tractors YoY Vs poll 6610. (Negative)
*M&M Auto:* Total sales at 39157 units in Dec 2021 (up 11%). Estimates 40102 units. (Negative)
*TVS Motor:* Dec. sales 250,933 units vs 272,084 Y/y, Estimates 275000 units. (Negative)
*RBLBank Q3:* Total deposits decline 2.58% QoQ to Rs 73,637 cr as on Dec 31, 2021. (Negative)
*Future Retail:* Misses $403 Million Debt Payment, ET Says (Negative)
*JTL Infra:* The Company registered highest sales volume ever of 34,612 Metric Tonnes in Q3 FY22. The volume increased by 77.39% YoY (Positive)
*Stove Craft:* Business Transfer Agreement between the Company and SKAVA Electric Pvt Ltd (Positive)
*Likhita Infra:* Company has received orders worth Rs. 250 Crores (approx.) excluding GST from various City Gas Distribution Companies. (Positive)
*Eicher Motors:* VECV (Volvo eicher commercial vehicles) sales rise 50.6% in December. Eicher RE: Total sales at 73739 units in Dec 2021 (up 7%). Estimates 65500 units (Positive)
*NBCC:* Company has received work orders of Rs 392.0 crore (Positive)
*SML Isuzu:* Total sales at 4706 units in Dec 2021 (up 68%). 2796 units Dec 2020 (Positive)
*VST Tillers:* Power tillers sales at 3089 units in Dec 2021 (up 38%). 2230 units Dec 2020. (Positive)
*Bhageria Ind:* Company has successfully Commissioned 9.50 MW Solar Power Projects at Village-Kombhalne (Positive)
*Adani Ent:* Company has incorporated a WOS to undertake business of developing and operating projects for the synthesis of low carbon fuels and chemicals. (Positive)
*Rama Steel:* Foreign investor Saint Capital Fund acquired 1 lakh equity shares in the company at Rs 327.71 per share on the BSE (Positive)
*United Spirits:* Long-term rating upgraded to 'CRISIL AAA/Stable'; short-term rating reaffirmed (Positive)
*Avenue Supermarts Q3:* Standalone revenue from operations at Rs 9,065.02 cr vs Rs 7,432.69 cr YoY (Positive)
*Sunflag Iron:* Long-term rating upgraded to 'CARE A+/Stable (Positive)
*KNR Constructions:* Company has transferred its 49% stake in subsidiary company ie KNR Tirumala Infra Private Limited ("SPV") to Cube Highways (Positive)
*PNB:* Board has approved Divestment of entire stake in India SME Asset Reconstruction Company Ltd. (Positive)
*GMR Infrastructure:* NCLT clear merger of GMR Power Infra, GMR Infra; clear demerger of non-airport business of GIL (Positive)
*HDFC Life Insurance* Gets regulatory approval for Exide deal (Positive)
*Aurobindo Pharma:* Approves transfer of vaccines business to unit (Positive)
*H.G. Infra:* Company has received the provisional completion certificate for the project (Positive)
*Khaitan Chemicals:* India Ratings & Research has upgrade the ratings from BBB+ to A- of the bank facilities of the company (Positive)
*Indian Oil:* Sri Lanka To Give Oil Tank Leases to India in Exchange for Aid (Positive)
*Cola India:* December production jumped by 3.3 percent (Positive)
*Shriram Transport:* Shriram Transport Finance to Upsize MTN Program to $3.5B (Positive)
*NTPC:* Company incorporated first part capacity of 49.92 MW out of 296 MW Fatehgarh Solar PV Project at Jaisalmer (Positive)
*Tata Motors:* Total domestic sales at 66,307 units in Dec 2021 Vs 53,430 units YoY (up 24%). Estimates 66000 units. (Neutral)
*Hero MotoCorp:* Dec. sales 394,773 units vs 447,335 Y/Y Est 383000 (Neutral)
*Maruti:* Total domestic sales at 153000 units in Dec 2021, Estimates 152000 units. (Neutral)
*Atul Auto:* Total sales at 11499 units in Dec 2021 (up 1.8%). 11302 units in Dec 2020. (Neutral)
*Cyient:* To hive off the Software Design Radio (SDR) division of the Company to Innovation Communications Systems Limited (Neutral)
*NMDC:* Iron ore sales fell nearly 4% on year to 3.40 mln tn in December, and production was up 2.3% on year at 3.95 mln tn (Neutral)
*Reliance* to Raise Up to $5 Billion in Offshore Bond Offering (Neutral)
*Escorts:* Company sold 4,695 tractors Vs 7,733 tractors YoY Vs poll 6610. (Negative)
*M&M Auto:* Total sales at 39157 units in Dec 2021 (up 11%). Estimates 40102 units. (Negative)
*TVS Motor:* Dec. sales 250,933 units vs 272,084 Y/y, Estimates 275000 units. (Negative)
*RBLBank Q3:* Total deposits decline 2.58% QoQ to Rs 73,637 cr as on Dec 31, 2021. (Negative)
*Future Retail:* Misses $403 Million Debt Payment, ET Says (Negative)
NIFTY BUYING ZONE SUPPORT 17150 AND SELLING ZONE 17680. AND BANKNIFTY BUYING ZONE 35300 AND SELLING ZONE 36010
*Sector Update*
Tech stocks seen Buying move and trading at day’s high.
*Top Picks*
LTI CMP 7390.0 Support 7352.0 TGT 7490.0
INFY CMP 1901.0 Support 1887.0 TGT 1940.0
MINDTREE CMP 4810.0 Support 4770.0 TGT 4890.0
COFORGE CMP 5930.0 Support 5901.0 TGT 5999.0
BIRLASOFT CMP 552.0 Support 578.0 TGT 540.0
Tech stocks seen Buying move and trading at day’s high.
*Top Picks*
LTI CMP 7390.0 Support 7352.0 TGT 7490.0
INFY CMP 1901.0 Support 1887.0 TGT 1940.0
MINDTREE CMP 4810.0 Support 4770.0 TGT 4890.0
COFORGE CMP 5930.0 Support 5901.0 TGT 5999.0
BIRLASOFT CMP 552.0 Support 578.0 TGT 540.0
*Sector Update*
Realty stocks seen Buying move and trading at day’s high.
*Top Picks*
DLF CMP 292.0 Support 289.0 TGT 301.0
OBEROI CMP 890.0 Support 872.0 TGT 910.0
PRESTIGE CMP 480.0 Support 474.0 TGT 498.0
GODPROP CMP 1888.0 Support 1860.0 TGT 1928.0
SUNTECK CMP 487.0 Support 480.0 TGT 498.0
Realty stocks seen Buying move and trading at day’s high.
*Top Picks*
DLF CMP 292.0 Support 289.0 TGT 301.0
OBEROI CMP 890.0 Support 872.0 TGT 910.0
PRESTIGE CMP 480.0 Support 474.0 TGT 498.0
GODPROP CMP 1888.0 Support 1860.0 TGT 1928.0
SUNTECK CMP 487.0 Support 480.0 TGT 498.0
NIFTY
17300 - Support. Long build up and Short covering.
Longs - 48.90L (Intraday - 12.34L)
Shorts - 16.77L (Intraday - minus 6.40L)
17400 - Support.
Longs - 38.62L (Intraday - 25.03L)
Shorts - 27.37L (Intraday - 4.01L)
17500 - Resistance. Both Long and Short build up.
Longs - 23.84L (Intraday - 18.67L)
Shorts - 39.87L (Intraday - 13.14L)
BANKNIFTY
35500 - Support. Long build up and Short covering.
Longs - 19.34L (Intraday - 9.75L)
Shorts - 11.42L (Intraday - minus 1.32L)
35800 - Congestion zone. Both Long and Short build up.
Longs - 8.32L (Intraday - 7.81L)
Shorts - 11.34L (Intraday - 5.55L)
36000 - Resistance.
Longs - 4.93L (Intraday - 3.38L)
Shorts - 16.60L (Intraday - 4.19L)
\36000 - Resistance.
Longs - 4.93L (Intraday - 3.38L)
Shorts - 16.60L (Intraday - 4.19L)
17300 - Support. Long build up and Short covering.
Longs - 48.90L (Intraday - 12.34L)
Shorts - 16.77L (Intraday - minus 6.40L)
17400 - Support.
Longs - 38.62L (Intraday - 25.03L)
Shorts - 27.37L (Intraday - 4.01L)
17500 - Resistance. Both Long and Short build up.
Longs - 23.84L (Intraday - 18.67L)
Shorts - 39.87L (Intraday - 13.14L)
BANKNIFTY
35500 - Support. Long build up and Short covering.
Longs - 19.34L (Intraday - 9.75L)
Shorts - 11.42L (Intraday - minus 1.32L)
35800 - Congestion zone. Both Long and Short build up.
Longs - 8.32L (Intraday - 7.81L)
Shorts - 11.34L (Intraday - 5.55L)
36000 - Resistance.
Longs - 4.93L (Intraday - 3.38L)
Shorts - 16.60L (Intraday - 4.19L)
\36000 - Resistance.
Longs - 4.93L (Intraday - 3.38L)
Shorts - 16.60L (Intraday - 4.19L)
Sector Update*
Oil upstream stocks seen Buying move and trading at day’s high.
*Top Picks*
HINDOIL CMP 187.0 Support 183.0 TGT 196.0
SELAN CMP 133.0 Support 130.0 TGT 140.0
TAMILPETRO CMP 114.8 Support 111.0 TGT 122.0
JINDAL DRIL CMP 134.0 Support 131.0 TGT 140.5
ONGC CMP 142.2 Support 140.0 TGT 147.0
Oil upstream stocks seen Buying move and trading at day’s high.
*Top Picks*
HINDOIL CMP 187.0 Support 183.0 TGT 196.0
SELAN CMP 133.0 Support 130.0 TGT 140.0
TAMILPETRO CMP 114.8 Support 111.0 TGT 122.0
JINDAL DRIL CMP 134.0 Support 131.0 TGT 140.5
ONGC CMP 142.2 Support 140.0 TGT 147.0
*BAJAJ AUTO:* Company to hike prices while to launch EV (Supportive for stock prices)
Forwarded from Stock Market, IPO, Mutual Funds & Personal Finance News
#Mutualfund - Nippon India Mutual Fund launches Nifty Auto ETF
Read - https://ipoinfo.co.in/nippon-india-mutual-fund-launches-nifty-auto-etf/
Read - https://ipoinfo.co.in/nippon-india-mutual-fund-launches-nifty-auto-etf/
Nifty 17400 CALL OPTION 06th January TGT 230 has been achieved, can hold position for TGT 288.0
Nifty Bank 35500.0 CALL OPTION 06th January TGT 680.0 has been achieved, can hold position for TGT 820.0
Nifty Bank 35500.0 CALL OPTION 06th January TGT 680.0 has been achieved, can hold position for TGT 820.0
Stocks in News*
*Maruti:* December production has seen at 152029 units versus 155127 units YoY (Positive)
*Hindustan Zinc:* Company recorded highest ever production of saleable metals during Q3 (Positive)
*Vedanta:* The company announced total aluminium production at 5.79 lakh tonnes for Q3FY22, up 16 percent from 4.97 lakh tonnes in Q3FY21. (Positive)
*Borosil:* Additional investment in Subsidiary Company by way of subscription towards Rights Issue. (Positive)
*Tata Power:* Sanjeev Churiwala joins Tata Power as the new Chief Financial Officer (Positive)
*HDFC:* Loans sold in the preceding 12 months amounted to Rs 27,591 crore (Previous Year: Rs 16,956 crore ) (Positive)
*Ajmera Realty: To Build High End Residence in Juhu, Focusing On Urban Rejuvenation" (Positive)
*GAIL India:* Company to pay Rs 4/share as dividend. (Positive)
*Pfizer:* The US Food and Drug Administration has approved the use of Pfizer-BioNTech COVID-19 vaccine for those aged 12-15 years (Positive)
*Lemon Tree:* Goldman Sachs (Singapore) Pte has bought 30 lk shares, representing 0.38% stake in Lemon Tree Hotels. (Positive)
*Granules:* Board has appointed Kandiraju Venkata Sitaram Rao as joint managing director and chief executive officer from Jan 5 (Positive)
*Dilip Buildcon:* Got order worth Rs 2,680 cr from Coal India arm (Positive)
*Hero MotoCorp:* To raise prices of two wheelers upto Rs 2000 (Positive)
*KIMS:* Goldman Sachs (Singapore) Pte.- ODI acquired 72,009 equity shares in the company at Rs 1,425.65 per share (Positive)
*Sugar Stocks:* Sugar Output in India Rises 4.3% in Quarter Ended December: ISMA (Positive)
*Mirza:* Promoters bought 1 lakh shares of Company. (Positive)
*Wockhardt:* To consider various fund raising options (Positive)
*Karnataka Bank:* The bank's deposits rose 6.3 percent YoY as of December 31 and gross loans were up 5 percent. (Positive)
*Biocon* Biologics approves merger of Covidshield Tech with self (From Agencies) (Positive)
*Marico:* Low teens consolidated revenue growth in Oct-Dec. (Neutral)
*Take:* Company default on repayment of principal amount on loans from banks. (Negative)
*Maruti:* December production has seen at 152029 units versus 155127 units YoY (Positive)
*Hindustan Zinc:* Company recorded highest ever production of saleable metals during Q3 (Positive)
*Vedanta:* The company announced total aluminium production at 5.79 lakh tonnes for Q3FY22, up 16 percent from 4.97 lakh tonnes in Q3FY21. (Positive)
*Borosil:* Additional investment in Subsidiary Company by way of subscription towards Rights Issue. (Positive)
*Tata Power:* Sanjeev Churiwala joins Tata Power as the new Chief Financial Officer (Positive)
*HDFC:* Loans sold in the preceding 12 months amounted to Rs 27,591 crore (Previous Year: Rs 16,956 crore ) (Positive)
*Ajmera Realty: To Build High End Residence in Juhu, Focusing On Urban Rejuvenation" (Positive)
*GAIL India:* Company to pay Rs 4/share as dividend. (Positive)
*Pfizer:* The US Food and Drug Administration has approved the use of Pfizer-BioNTech COVID-19 vaccine for those aged 12-15 years (Positive)
*Lemon Tree:* Goldman Sachs (Singapore) Pte has bought 30 lk shares, representing 0.38% stake in Lemon Tree Hotels. (Positive)
*Granules:* Board has appointed Kandiraju Venkata Sitaram Rao as joint managing director and chief executive officer from Jan 5 (Positive)
*Dilip Buildcon:* Got order worth Rs 2,680 cr from Coal India arm (Positive)
*Hero MotoCorp:* To raise prices of two wheelers upto Rs 2000 (Positive)
*KIMS:* Goldman Sachs (Singapore) Pte.- ODI acquired 72,009 equity shares in the company at Rs 1,425.65 per share (Positive)
*Sugar Stocks:* Sugar Output in India Rises 4.3% in Quarter Ended December: ISMA (Positive)
*Mirza:* Promoters bought 1 lakh shares of Company. (Positive)
*Wockhardt:* To consider various fund raising options (Positive)
*Karnataka Bank:* The bank's deposits rose 6.3 percent YoY as of December 31 and gross loans were up 5 percent. (Positive)
*Biocon* Biologics approves merger of Covidshield Tech with self (From Agencies) (Positive)
*Marico:* Low teens consolidated revenue growth in Oct-Dec. (Neutral)
*Take:* Company default on repayment of principal amount on loans from banks. (Negative)
*Tradable Stocks in News*
CS reiterate outperform on *Ambuja Cem* with the target at Rs 450/sh. (Positive 388.0 Support 380.0 TGT 402.0)
CS reiterate outperform on *Ultratech Cem* with the target at Rs 9250/sh (Positive 7630.0 Support 7560.0 TGT 7780.0)
Jefferies on *ICICI Bank:* Maintains Buy on Bank, target price at Rs 1000/Sh (Positive 768.0 Support 760.0 TGT 784.0)
Jefferies on *Laurus Lab:* Maintains Buy on company, target price at Rs 628/Sh (Positive 516.0 Support 508.0 TGT 530.0)
CLSA on *JSPL:* Maintains Buy on company, target price at Rs 576/Sh (Positive 384.0 Support 378.0 TGT 397.0)
CLSA on *HDFC Bank:* Maintains Buy on Bank, target price at Rs 2025/Sh (Positive 1518.0 Support 1504.0 TGT 1545.0)
*Bharti Airtel:* Company to continue with existing corporate structure, pursuing plan to merge DTH ops with co. (Positive 695.0 Support 687.0 TGT 712.0)
*HUL:* Consumer products distributors resume supply of Hindustan Unilever products in Maharashtra (Positive 2390.0 Support 2362.0 TGT 2440.0)
*ITC:* Company forays into plant-based meat products under the Master Chef brand (Positive 218.0 Support 215.0 TGT 225.0)
*Grasim:* Promoters bought 59k shares of Company. (Positive 1680.0 Support 1660.0 TGT 1724.0)
*Navneet Education:* CARE revised rating on company's long term bank facilities to AA/stable, from AA+/Negative. (Positive 86.0 Support 84.0 TGT 91.0)
CS reiterate outperform on *Ambuja Cem* with the target at Rs 450/sh. (Positive 388.0 Support 380.0 TGT 402.0)
CS reiterate outperform on *Ultratech Cem* with the target at Rs 9250/sh (Positive 7630.0 Support 7560.0 TGT 7780.0)
Jefferies on *ICICI Bank:* Maintains Buy on Bank, target price at Rs 1000/Sh (Positive 768.0 Support 760.0 TGT 784.0)
Jefferies on *Laurus Lab:* Maintains Buy on company, target price at Rs 628/Sh (Positive 516.0 Support 508.0 TGT 530.0)
CLSA on *JSPL:* Maintains Buy on company, target price at Rs 576/Sh (Positive 384.0 Support 378.0 TGT 397.0)
CLSA on *HDFC Bank:* Maintains Buy on Bank, target price at Rs 2025/Sh (Positive 1518.0 Support 1504.0 TGT 1545.0)
*Bharti Airtel:* Company to continue with existing corporate structure, pursuing plan to merge DTH ops with co. (Positive 695.0 Support 687.0 TGT 712.0)
*HUL:* Consumer products distributors resume supply of Hindustan Unilever products in Maharashtra (Positive 2390.0 Support 2362.0 TGT 2440.0)
*ITC:* Company forays into plant-based meat products under the Master Chef brand (Positive 218.0 Support 215.0 TGT 225.0)
*Grasim:* Promoters bought 59k shares of Company. (Positive 1680.0 Support 1660.0 TGT 1724.0)
*Navneet Education:* CARE revised rating on company's long term bank facilities to AA/stable, from AA+/Negative. (Positive 86.0 Support 84.0 TGT 91.0)
NIFTY BUYING ZONE SUPPORT 17450 AND SELLING ZONE 17980. AND BANKNIFTY BUYING ZONE 36100 AND SELLING ZONE 37300
*Sector Update*
Fertilizer stocks seen Buying move and trading at day’s high.
*Top Picks*
CHAMBAL CMP 416.0 Support 409.0 TGT 430.0
RCF CMP 79.0 Support 77.0 TGT 83.0
NFL 56.8 Support 55.0 TGT 60.0
DEEPAK CMP 418.0 Support 408.0 TGT 430.0
GSFC CMP 125.0 Support 122.0 TGT 130.0
Fertilizer stocks seen Buying move and trading at day’s high.
*Top Picks*
CHAMBAL CMP 416.0 Support 409.0 TGT 430.0
RCF CMP 79.0 Support 77.0 TGT 83.0
NFL 56.8 Support 55.0 TGT 60.0
DEEPAK CMP 418.0 Support 408.0 TGT 430.0
GSFC CMP 125.0 Support 122.0 TGT 130.0
Stock Update: *PIDILITE* At 52 week high as price pierced 2607.0 levels, Support 2585.0 TGT 2660.0
*ADANI ENTERPRISE:* CO WINS COAL TENDER (SUPPORTIVE FOR STOCK PRICES)
RBI SAYS SBI, ICICI BANK AND HDFC BANK CONTINUE TO BE IDENTIFIED AS DOMESTIC SYSTEMICALLY IMPORTANT BANKS
RBI ANNOUNCES INCLUSION OF AIRTEL PAYMENTS BANK IN SECOND SCHEDULE OF THE RESERVE BANK OF INDIA ACT, 1934
RBI ANNOUNCES INCLUSION OF AIRTEL PAYMENTS BANK IN SECOND SCHEDULE OF THE RESERVE BANK OF INDIA ACT, 1934
*ASTRAZENECA:* CO RECEIVED A PAYMENT OF $270M FROM COVIS PHARMA (SUPPORTIVE FOR STOCK PRICES)
*Sector Update*
PSU Banks stocks seen Buying move and trading at day’s high.
*Top Picks*
INDIAN BK CMP 144.0 Support 142.0 TGT 148.0
BOB CMP 84.0 Support 83.0 TGT 87.0
IDBI 48.0 Support 47.0 TGT 50.5
SBIN CMP 488.0 Support 480.0 TGT 498.0
PSU Banks stocks seen Buying move and trading at day’s high.
*Top Picks*
INDIAN BK CMP 144.0 Support 142.0 TGT 148.0
BOB CMP 84.0 Support 83.0 TGT 87.0
IDBI 48.0 Support 47.0 TGT 50.5
SBIN CMP 488.0 Support 480.0 TGT 498.0
*JINDAL STAINLESS* WINS ORDER TO SUPPLY 2000 TONS FOR KANPUR METRO PROJECT (SUPPORTIVE FOR STOCK PRICES)
SCRIPT: AXISBANK
- Holding period: Hold till (27JAN22) Monthly Expiry;
Step 1 Buy 740 Strike price (CE) around 14.4;
Step 2 Sell 760 Strike price (CE) around 8;
- Max profit: 16,320 P/Strategy
- Max loss: (-7680) P/Strategy .
- Risk to reward Ratio: 1 : 2.2 approx
- Holding period: Hold till (27JAN22) Monthly Expiry;
Step 1 Buy 740 Strike price (CE) around 14.4;
Step 2 Sell 760 Strike price (CE) around 8;
- Max profit: 16,320 P/Strategy
- Max loss: (-7680) P/Strategy .
- Risk to reward Ratio: 1 : 2.2 approx