BATA INDIA 1W TF

TORNTPHARM 1WEEK TF

*What Happened Overnight*

- January FOMC minutes read as dovish

- No new insights around balance sheet & pace/magnitude of rate hikes

- Equities partially reversed losses as a result; S&P-500 +0.09%, Nasdaq -0.11%

- UST yields & USD drifted lower

- Brent +1.6% to $94.81/bbl

Nomura on IPCA Labs

Upgrade to Buy, TP Rs 1194

Management expects gross margin to sustain at current levels, but overhead costs may rise further in near term

Think domestic price increases & easing of inflationary pressure in medium term could improve EBITDA margin

CITI on Tech Mahindra

Buy, TP Rs 1710

CEO NDR Takeaways
Deal pipeline is strong & win rate has improved.

Good revenue visibility given decent net new deal TCV trends; 5G will further aid.

Management outlined multiple steps taken for margins

Nifty looks like Positive open

The resistance 1 - 17400
The resistance 2 - 17600

If any candle above 15 minutes took support around 17400 go for buy

Banknifty open Flat
The resistance - 38800


Note - today weekly expairy don't buy today options always buy for away next week or more then that

Intraday stocks

Divis labs
Indian oil corporation
Crompton Greaves
Ruchi Soya
Hindustan petroleum

BYE-BYE COVID
Zoom stock down to USD 123, fallen 66% from 52-week high
PayPal stock down to USD 110, fallen 65% from 52-week high
Peloton stock down to USD 32; fallen 79% from 52-week high

WELCOME NORMAL ECONOMY
Expedia stock at USD 214; recovered 57% from 52-week low (52-week high is 218)
Hilton stock at USD 156; recovered 44% from 52-week low (52-week high is 161)
Hyatt stock at USD 107; recovered 60% from 52-week low (52-week high is 108)

STOCKS in ACTION 18 Feb

🙂Centerac Technologies Ltd approves fund raising through OCDs

🙂Ambuja Cement board approves capex of Rs. 3500 crores

🙂Prismx Global Ventures fixes March 3, 2022 as record date for rights issue

🙂Wanbury approves preferential allotment to promoter group at Rs. 105

🙂Uttam Sugar: has redeemed 50,000, 10% non-cumulative redeemable preference shares of Rs 100 each alongwith premium of Rs 109 on each share.

🙂Lupin announces FDA Approval of Supplemental New Drug Application for SOLOSEC

🙂Adani Ports & SEZ: has received NCLT approval for composite scheme of arrangement between Brahmi Tracks Management Services and Adani Ports and Special Economic Zone, and Adani Tracks Management Services and Sarguja Rail Corridor.

🙂Moneyboxx Finance Ltd opens new branch office at Haryana

🙂Puravankara Company : Provident Housing Limited, a Puravankara Company, Debuts its First Residential Offering in Kerala

🙂Kabra Extrusion: Batrixx to supply advanced lithium-ion battery packs designed by BGauss for its high-speed electric scooters

🙂Hero MotoCorp opens new state-of-the-art dealership in Jaipur, Rajasthan

🙂Apollo Micro Systems to participate in Defence Expo at Gandhi Nagar, Gujarat

🙂Toyam Industries : MX Studios to release first-of-its-kind MMA reality show, Kumite 1 Warrior Hunt, with Toyam Industries Limited

🙂JSW Ispat Special Products announces slump sale of Raipur facility to Mivaan Steels

🙂Rama Phosphates Ltd acquires land from MIDC for new project

🙂Mahindra & Mahindra Ltd increases stake in MITRA to 47.335

🙂HGS approves 20:63 share swap for acquisition of NXTDIGITAL's Digital, Media & Communications business

🙂Vascon Engineers completes acquisition of 92% in River Shore Developers Pvt Ltd

🙂Shree Cement Ltd arm to acquire balance stake in UCN

🙂Royal Orchid Hotels acquires 50% stake in Cosmos Premises Pvt Ltd

🙂Confidence Futuristic Energetech: has acquired 50% stake in Maruti Koatsu Cylinders based in Halol, Gujarat.

🙂Torrent Power Limited - Long-term rating upgraded to 'CRISIL AA+/ Stable', 'CRISIL AA+/ Stable' assigned to Non Convertible Debentures

#MarketsWithETNOW | 42.74% expect a bullish market in first six months of 2022, according to a @_groww survey. Take a look at the trends

#investing #StockMarket

🛑PAID PROMOTION CONTAIN
ONLY EDUCATION PEROUSE
CONSUMER ADVISORY BEFORE INVESTING

Buy MFS INTERCORP Ltd @ 41.85 in Equity BSE (Code - 513721)✅

Stoploss @30🛑

Target 60++

If sustains Above 60 Expect 80 🎯

Buy 1000/3000 shares

Few crucial events ahead -

1) 28th Feb - 50:50 cash stock margin implementation of SEBI rule.

2) 10th March election results of 5 states. BJP seats key watch

3) LIC IPO opens 10th March- Liquidity watch

4) FED rate meet 15-16 th March . 50bps or 100bps hike

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Support and resistance
Triangle Patterns
Channel pattern
Fibonacci retrament