What Happened Overnight
- Improved risk sentiment held up though volumes continue to dwindle
- S&P-500 +0.94%, Nasdaq +0.50%
- Fed pricing pulled back more; 10% probability of 50 bps March March hike vs 16% on Tuesday
- 5y/10y yields -1 bps each
- Brent +0.2% to $89.31/bbl
- Improved risk sentiment held up though volumes continue to dwindle
- S&P-500 +0.94%, Nasdaq +0.50%
- Fed pricing pulled back more; 10% probability of 50 bps March March hike vs 16% on Tuesday
- 5y/10y yields -1 bps each
- Brent +0.2% to $89.31/bbl
Stocks To Watch
PNB: The bank has received a communication from HSBC Insurance Holdings regarding its intention to buy PNB’s stake in Canara HSBC OBC Life Insurance.
Gokul Agro: The company is setting up a Refinery Unit at at Krishnapatnam, Andhra Pradesh with proposed capacity of 1400 TPD. The proposed investment for the unit is Rs 200 crore.
Max Ventures: The company completed transfer of 1, 71,89,601 shares constituting 41% of the share capital of its subsidiary Max Specialty Films to Toppan Inc.
Bharat Dynamics: The company has signed a contract with Indian Army for manufacture and supply of Konkurs - M AntiTank Guided Missiles to the Indian Army worth Rs 3,131.82 crore.
Indian Bank: The bank has revised its Marginal Cost of Funds Based Lending Rates by 0.05% (05 bps) for three monthstenors, effective from Feb. 3.
EClerx: The company approved appointment of Srinivasan Nadadhur as Chief Financial Officer with effect from May 12, 2022 in place of current CFO Rohitash Gupta, who has opted to step down from the CFO designation from the Company and take a leave of sabbatical.
CAMS: The company has launched Insta Purchase to enhance the service experience of investors in liquid and Overnight Scheme Categories
PNB: The bank has received a communication from HSBC Insurance Holdings regarding its intention to buy PNB’s stake in Canara HSBC OBC Life Insurance.
Gokul Agro: The company is setting up a Refinery Unit at at Krishnapatnam, Andhra Pradesh with proposed capacity of 1400 TPD. The proposed investment for the unit is Rs 200 crore.
Max Ventures: The company completed transfer of 1, 71,89,601 shares constituting 41% of the share capital of its subsidiary Max Specialty Films to Toppan Inc.
Bharat Dynamics: The company has signed a contract with Indian Army for manufacture and supply of Konkurs - M AntiTank Guided Missiles to the Indian Army worth Rs 3,131.82 crore.
Indian Bank: The bank has revised its Marginal Cost of Funds Based Lending Rates by 0.05% (05 bps) for three monthstenors, effective from Feb. 3.
EClerx: The company approved appointment of Srinivasan Nadadhur as Chief Financial Officer with effect from May 12, 2022 in place of current CFO Rohitash Gupta, who has opted to step down from the CFO designation from the Company and take a leave of sabbatical.
CAMS: The company has launched Insta Purchase to enhance the service experience of investors in liquid and Overnight Scheme Categories
NIFTY 50 17560.20 -219.80
NIFTY BANK 39010.00 -320.50
NIFTY IT 35056.80 -731.95
NIFTY PHARMA 13617.60 -26.05
NIFTY FINSRV25 50 17870.55 -249.75
NIFTY FMCG 37467.20 -114.30
NIFTY MNC 19135.35 -67.50
NIFTY AUTO 11683.40 +51.00
NIFTY METAL 5761.60 -18.10
NIFTY MEDIA 2273.55 -13.40
NIFTY BANK 39010.00 -320.50
NIFTY IT 35056.80 -731.95
NIFTY PHARMA 13617.60 -26.05
NIFTY FINSRV25 50 17870.55 -249.75
NIFTY FMCG 37467.20 -114.30
NIFTY MNC 19135.35 -67.50
NIFTY AUTO 11683.40 +51.00
NIFTY METAL 5761.60 -18.10
NIFTY MEDIA 2273.55 -13.40
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Good morning dears
Good morning dears
NIFTY_2022-02-07_00-26-56.png
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nifty will open tomorrow open flat to gap down 17600 look like major resistance if the nifty close tomorrow above 17600 with support and good green candle market will go like anything if the gap down continues we can expect 16850 will be support
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banknifty breaks previews resistance then took support on it so we can expect good move in banknifty if its open gap down wait for previews resistance to touch next resistance 41,000
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short term trade 1W TF stoploss below trend line