Equity Big Shot- Indian Market View, Vol 130

Settlement Price

Nifty: 15245.60 (+2.19%)

Bank Nifty: 36368.05 (+2.68%)

USDINR: 72.8750 (-0.66%)

FII Data (Approx.)

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

FII (+2088 cr) (+4437 cr)

DII (+392 cr) (-656 cr)

Nifty Spot

Support at 14900

Resistance at 15280.

Expect negative opening in today's trading session as SGX is almost 200 points down

Above 15150... Target looks 15230---15280. More and more upside rally we will see above 15280 levels only.

Fresh selling we will do on a close below 14900 levels only.

Bank Nifty Spot

Support at 35600---35000

Resistance at 36500.

Hope you all enjoyed rally in yesterday's trading session. Clearly told you that Bank Nifty looks positive on the chart. Today trade safely within a range and wait for confirmation.

Top Pick

Investment Pick- Buy Aarti Industries around 1260. Stop loss 1060. Target 1650. (Crossed 1300 mark. Hold long)

Buy AIA ENGINEERING above 1825. Stop loss below 1780. Target 1900+++ (Skyrocketed to 1877... Enjoy profit)

Stocks in the news

Indian Bank: CRISIL revised bank's Tier 1, Tier 2 and Infrastructure Bonds' ratings to 'stable' from 'negative'.

IRCON International: The government to sell 6% additional stake via offer for sale on March 4. The company bagged letter of award worth Rs 187.80 crore from Railway Ministry.

VST Tillers Tractors: The company will invest $1.5 million in Zimeno Inc.

IRCTC: The company will operate trips through Golden Chariot from March 14.

Union Bank of India: ICRA assigned AA+(HYB)/Negative as credit rating to the bank's proposed Basel III Compliant Tier-II bonds aggregating up to Rs 2,000 crore.

Techno Electric & Engineering Company: SBI MF reduced stake in the company to 6.13% from 7.12% via open market sale.

Bajaj Electricals: The company and Mahindra Logistics signed an agreement for innovative logistics optimisation and outsourcing arrangement.

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