Equity Big Shot- Indian Market View, Vol 126

SGX Nifty down almost 300 points; Don't jump for aggressive buying in Index futures.

Settlement Price

Nifty: 15097.35 (+0.77%)

Bank Nifty: 36549.10 (+0.27%)

USDINR: 72.51 (+0.51%)

FII Data (Approx.)

Institution/Daily Net Position/Monthly Net Position (Derivatives, In Crores...)

FII (+188 cr.) (+50339 cr)

DII (-746 cr) (-17857 cr) 

Put Call Ratio/Maximum Pain

NIFTY 1.28/15050

BANK NIFTY 0.96/36600

Stocks in the news

RailTel Corporation of India: The company will list its equity shares on February 26. The issue price has been fixed at Rs 94 per share.

KSB: The company reported profit at Rs 32 crore in Q4CY20 against Rs 32.6 crore in Q4CY19, revenue rose to Rs 369.9 crore from Rs 337 crore YoY. The company recommended Rs 8.5 per share of Rs 10 each as dividend for the year ended December 2020.

Hatsun Agro Product: The company commenced commercial production at Solapur facility, Maharashtra.

Elecon Engineering: Promoter entity Prayas Engineering released pledge on 5.56% equity.

Vesuvius India: The company reported lower profit at Rs 16.24 crore in Q4CY20 against Rs 22.70 crore in Q4CY19. Revenue rose to Rs 234.46 crore from Rs 228.09 crore YoY.

Rain Industries: The company reported higher consolidated profit at Rs 321.98 crore in Q4CY20 against Rs 121.6 crore in Q4CY19, while revenue fell to Rs 2,640.2 crore from Rs 2,830.38 crore in the corresponding period of the previous fisca

Nifty Spot

Hope you all enjoyed levels in Nifty as intraday target almost hit successfully. Today, Nifty futures has support at 15050 and resistance at 15200

Break and sustain below 15050 will take it to 14800---14700 levels. More and more downside panic will see on a close below 14700 levels only.

Fresh buying we will do on a close above 15200 levels only.

Bank Nifty Spot

Bank Nifty has support at 36400 and resistance at 37200

Below 36400... Hold for the downside target of 35400---34900. More downside panic we will see below 34900 levels on a closing basis.

Top Pick

Positional: Buy HDFC Ltd. above 2725. Stop loss below 2600. Target 3200. (Hold long with strict stop loss)

Some stocks looks positive on the weekly chart as given on 22nd February-

Jagran... Above 50, target looks 76. Stop loss below 40

Heritage Food... Above 325, target looks 480. Stop loss below 250. (Profit booked)

Supreme Industries... Looks positive above 2000. Stop loss below 1850.

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