Good Morning Everyone,
Nifty looks like to be opening Flat Today. Important reference points for Nifty will be zone 1 (17189 to 17222 in spot prices) and 17097 on lower end.
If the prices are able to break prev low with volume, the we can expect Nifty to fill the remaining gap and reach down till 16900 but if prices take support from prev low or, gives breakout on upper end above Zone 1, then we can expect prices to reach back till 17300.
Overall we expect Nifty and Banknifty to go further down today
Stay Tuned and we will Keep you updated about the market
Nifty looks like to be opening Flat Today. Important reference points for Nifty will be zone 1 (17189 to 17222 in spot prices) and 17097 on lower end.
If the prices are able to break prev low with volume, the we can expect Nifty to fill the remaining gap and reach down till 16900 but if prices take support from prev low or, gives breakout on upper end above Zone 1, then we can expect prices to reach back till 17300.
Overall we expect Nifty and Banknifty to go further down today
Stay Tuned and we will Keep you updated about the market
*✍️Stocks in News*
*Deepak Nitrite:* ICRA has upgraded the long term rating from 'AA-' to 'AA', and re-affirmed the short term rating at 'A1+' for Rs 756.27 crore bank facilities of Deepak Phenolics, a wholly owned subsidiary of the company. The outlook on the long-term rating has been revised to Positive from Stable.
*REC:* The company approved the market borrowing programme of Rs 85,000 crore under different debt segments for the financial year 2022-23.
*Equitas Small Finance Bank:* The board has approved a Scheme of Amalgamation between Equitas Holdings and Equitas Small Finance Bank.
*Godawari Power & Ispat:* The company has signed a Share Purchase Agreement with Hira infra-Tek (HITL) to acquire 44,54,621 equity shares of Hira Ferro Alloys (HFAL) from HITL at a price of Rs 224 per share. With this, the company's stake in HFAL will be increased from 56.45 percent to 75.66 percent.
*NHPC:* Life Insurance Corporation of India sold 2.03 percent stake in the company via open market transactions. With this, LIC's stake in the power generation company stands at 7.23 percent, down from 9.26 percent earlier.
*Larsen & Toubro:* The board on March 24 will seek approval for raising funds including through issue of debt securities as part of the company's refinancing programme.
*Shankara Building Products & APL Apollo Tubes:* APL Apollo Tubes announced a minority equity investment by its subsidiary APL Apollo Mart in Shankara Building Products. The investment will be through a combination of purchase of secondary promoter shares and proposed preferential allotment of convertible warrants. Total investment by APL Apollo Mart in Shankara Building Products will be up to Rs 180.5 crore including an immediate investment of Rs 101.8 crore.
*Deepak Nitrite:* ICRA has upgraded the long term rating from 'AA-' to 'AA', and re-affirmed the short term rating at 'A1+' for Rs 756.27 crore bank facilities of Deepak Phenolics, a wholly owned subsidiary of the company. The outlook on the long-term rating has been revised to Positive from Stable.
*REC:* The company approved the market borrowing programme of Rs 85,000 crore under different debt segments for the financial year 2022-23.
*Equitas Small Finance Bank:* The board has approved a Scheme of Amalgamation between Equitas Holdings and Equitas Small Finance Bank.
*Godawari Power & Ispat:* The company has signed a Share Purchase Agreement with Hira infra-Tek (HITL) to acquire 44,54,621 equity shares of Hira Ferro Alloys (HFAL) from HITL at a price of Rs 224 per share. With this, the company's stake in HFAL will be increased from 56.45 percent to 75.66 percent.
*NHPC:* Life Insurance Corporation of India sold 2.03 percent stake in the company via open market transactions. With this, LIC's stake in the power generation company stands at 7.23 percent, down from 9.26 percent earlier.
*Larsen & Toubro:* The board on March 24 will seek approval for raising funds including through issue of debt securities as part of the company's refinancing programme.
*Shankara Building Products & APL Apollo Tubes:* APL Apollo Tubes announced a minority equity investment by its subsidiary APL Apollo Mart in Shankara Building Products. The investment will be through a combination of purchase of secondary promoter shares and proposed preferential allotment of convertible warrants. Total investment by APL Apollo Mart in Shankara Building Products will be up to Rs 180.5 crore including an immediate investment of Rs 101.8 crore.
✅POSITIONAL BUY✅
INTELLECT is good to buy above 810
with SL of 710
For target 900, 1000
INTELLECT is good to buy above 810
with SL of 710
For target 900, 1000
Elixir Order Flow Trading
✅POSITIONAL BUY✅ INTELLECT is good to buy above 810 with SL of 710 For target 900, 1000
Intellect made a high of 827🚀🚀