Market update
Yesterday, Nifty and Banknifty witnessed Huge Short covering which Led Nifty to reach back to 17380 and Banknifty went up till 36590.
This also Led to Huge short covering in call options and Short Build up in Put options.
as of now 37k Banknifty call option is carrying excessive Long Position and Prices are trading at 196.
in these scenarios, generally Writer try to liquidate and melt the options premiums as much as possible.
So, Our expection today in the first half is Melting of Call options premiums and we are expecting expiry tomorrow to take place on a Bullish note only
Yesterday, Nifty and Banknifty witnessed Huge Short covering which Led Nifty to reach back to 17380 and Banknifty went up till 36590.
This also Led to Huge short covering in call options and Short Build up in Put options.
as of now 37k Banknifty call option is carrying excessive Long Position and Prices are trading at 196.
in these scenarios, generally Writer try to liquidate and melt the options premiums as much as possible.
So, Our expection today in the first half is Melting of Call options premiums and we are expecting expiry tomorrow to take place on a Bullish note only
Morning Alert..🚀🚀
Petrol and diesel prices hiked for first time in over four months
After a long hold-up owing to the Assembly elections in five states, public-sector oil-marketing companies (OMCs) on Tuesday raised petrol and diesel prices by 80 paise a litre each and that of domestic cooking gas by Rs 50 a cylinder. The increase comes after more than four and a half months since the last revision.
Markets shrug off US Federal Reserve's hawkish remarks, rise 1.2%
The Indian markets rose more than 1 per cent on Tuesday, led by gains in index heavyweight Reliance Industries (RIL) and information technology majors Infosys and Tata Consultancy Services (TCS), amid favourable global cues. The gains came despite hawkish statements by US Federal Reserve Chairman Jerome Powell and elevated oil prices. Tuesday’s gains came on the back of positive inflows from overseas investors to the tune of Rs 385 crore.
Discoms owe Rs 1 trillion to power generating firms till Feb: Power Min
Power distribution utilities outstanding dues stood at Rs one lakh crore at the end of February this year, Parliament was informed on Tuesday. "As per data provided by the power sector Generating companies, on the PRAAPTI Portal, at the end of February 2022, a total amount of Rs 1,00,931 crores is due from the DISCOMs," Power Minister RK Singh said in a written reply to the Rajya Sabha. According to the reply, this overdue amount does not include the disputed amount.
Commodity play
Gold – Rs 51301/10gm, Silver – Rs 67575/kg, Brcrude – Rs 8680/barrel, Degumsyoil – Rs 1490/10kg, Copper – Rs 822/kg.
Corporate News
Infosys - Co to acquire German digital marketing firm Oddity for Euro 50 mn.
TCS – Co
Sector in focus - Automobiles, Sugar, Oil and Gas & Consumer Durables
Petrol and diesel prices hiked for first time in over four months
After a long hold-up owing to the Assembly elections in five states, public-sector oil-marketing companies (OMCs) on Tuesday raised petrol and diesel prices by 80 paise a litre each and that of domestic cooking gas by Rs 50 a cylinder. The increase comes after more than four and a half months since the last revision.
Markets shrug off US Federal Reserve's hawkish remarks, rise 1.2%
The Indian markets rose more than 1 per cent on Tuesday, led by gains in index heavyweight Reliance Industries (RIL) and information technology majors Infosys and Tata Consultancy Services (TCS), amid favourable global cues. The gains came despite hawkish statements by US Federal Reserve Chairman Jerome Powell and elevated oil prices. Tuesday’s gains came on the back of positive inflows from overseas investors to the tune of Rs 385 crore.
Discoms owe Rs 1 trillion to power generating firms till Feb: Power Min
Power distribution utilities outstanding dues stood at Rs one lakh crore at the end of February this year, Parliament was informed on Tuesday. "As per data provided by the power sector Generating companies, on the PRAAPTI Portal, at the end of February 2022, a total amount of Rs 1,00,931 crores is due from the DISCOMs," Power Minister RK Singh said in a written reply to the Rajya Sabha. According to the reply, this overdue amount does not include the disputed amount.
Commodity play
Gold – Rs 51301/10gm, Silver – Rs 67575/kg, Brcrude – Rs 8680/barrel, Degumsyoil – Rs 1490/10kg, Copper – Rs 822/kg.
Corporate News
Infosys - Co to acquire German digital marketing firm Oddity for Euro 50 mn.
TCS – Co
s Rs 18,000 crore buyback subscribed 5.5 times a day before close.
Zomato – Cos 10-minute delivery plan faces ire from all quarters.Sector in focus - Automobiles, Sugar, Oil and Gas & Consumer Durables
Stocks in News
*Bhansali Engineering Polymers:* The company has received consent, from the MP Pollution Control Board, for expansion of high rubber graft - HRG (rubber rich acrylonitrile butadiene styrene) from 15000 TPA to 50000 TPA for Satnoor plant at Chhindwara in Madhya Pradesh.
*Adani Ports and Special Economic Zone:* Its cargo volumes accelerated to 300 million metric tonnes. The largest transport utility is on course to achieve 500 MMT by 2025.
*Kirloskar Pneumatic Company:* The company has converted about 5.58 lakh square metres Government Grant land at Eklahare, Nashik Road, Maharashtra, to Freehold Land at a cost of approximately Rs 58 crore as per the order of Nashik Collector, to meet its future growth requirements.
*Brigade Enterprises:* The south-based real estate company has entered into the plotted development space with a 66-acre residential project in Devanahalli, Bangalore. The project is a strategic joint development that will offer plot sizes ranging from 1,200 square feet to 2,400 square feet.
*RailTel Corporation of India:* The company has received work order from Rail Vikas Nigam (RVNL) for installation of RailTel's MPLS-VPN services for 5 years. The work order is worth Rs 11.57 crore.
*Infosys:* The country's second largest IT services company will acquire oddity, a Germany-based digital marketing, experience, and commerce agency. Oddity will become part of WONGDOODY, an Infosys company, and join its network of studios across Seattle, Los Angeles, New York, Providence, Houston, and London, and design hubs in five cities in India.
*Tata Consultancy Services:* The buyback issue of the company will close on March 23. It was opened on March 9. The company had planned to buy back up to 4 crore equity shares from eligible
*Bhansali Engineering Polymers:* The company has received consent, from the MP Pollution Control Board, for expansion of high rubber graft - HRG (rubber rich acrylonitrile butadiene styrene) from 15000 TPA to 50000 TPA for Satnoor plant at Chhindwara in Madhya Pradesh.
*Adani Ports and Special Economic Zone:* Its cargo volumes accelerated to 300 million metric tonnes. The largest transport utility is on course to achieve 500 MMT by 2025.
*Kirloskar Pneumatic Company:* The company has converted about 5.58 lakh square metres Government Grant land at Eklahare, Nashik Road, Maharashtra, to Freehold Land at a cost of approximately Rs 58 crore as per the order of Nashik Collector, to meet its future growth requirements.
*Brigade Enterprises:* The south-based real estate company has entered into the plotted development space with a 66-acre residential project in Devanahalli, Bangalore. The project is a strategic joint development that will offer plot sizes ranging from 1,200 square feet to 2,400 square feet.
*RailTel Corporation of India:* The company has received work order from Rail Vikas Nigam (RVNL) for installation of RailTel's MPLS-VPN services for 5 years. The work order is worth Rs 11.57 crore.
*Infosys:* The country's second largest IT services company will acquire oddity, a Germany-based digital marketing, experience, and commerce agency. Oddity will become part of WONGDOODY, an Infosys company, and join its network of studios across Seattle, Los Angeles, New York, Providence, Houston, and London, and design hubs in five cities in India.
*Tata Consultancy Services:* The buyback issue of the company will close on March 23. It was opened on March 9. The company had planned to buy back up to 4 crore equity shares from eligible
Elixir Order Flow Trading
✅POSITIONAL BUY✅ APOLLOPIPE is good to buy above 525 with SL of 460 For target 600, 650
Keep an eye on APOLLOPIPE entry might trigger
Elixir Order Flow Trading
Market update Yesterday, Nifty and Banknifty witnessed Huge Short covering which Led Nifty to reach back to 17380 and Banknifty went up till 36590. This also Led to Huge short covering in call options and Short Build up in Put options. as of now 37k Banknifty…
Please Read again If you have not yet read our morning View
✅POSITIONAL BUY✅
ADVANI HOTEL is good to buy above 95
with SL of 85, one can add on dips till 88
For target 105, 120
ADVANI HOTEL is good to buy above 95
with SL of 85, one can add on dips till 88
For target 105, 120