Equity Big Shot- Indian Market View, Vol 131

Settlement Price

Nifty: 15080.75 (-1.08%)

Bank Nifty: 35802.50 (+1.56%)

USDINR: 72.780 (-0.11%)

FII Data (Approx.)

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

FII (+-233cr) (+4213 cr)

DII (-788 cr) (-1444 cr)

Nifty Spot

Support at 14760

Resistance at 15050.

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

Our positive view turns negative on a close below 14760 levels only else it could test it's resistance level of 15050 again. More and more upside rally we will see above 15050 mark.

Trade safely.

Bank Nifty Spot

Support at 35000---34600

Resistance at 36500.

Took support of 35600 and bounced back again. Today, try to buy again around 35000 with stop loss below 34600 for the upside target of 35600---36000.

Top Pick

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

No fresh top pick for the day. Don't miss to read our weekly report

Some other stocks in the news

Wipro: The company has signed an agreement to acquire Capco, a global management and technology consultancy providing digital, consulting and technology services to financial institutions in America, Europe and the Asia Pacific.

Heranba Industries: The company is slated to list its shares on bourses on March 5; the issue price has been fixed at Rs 627 per share.

Unichem Labs: The company has received ANDA approval for its Guanfacine tablets, from USFDA to market a generic version of TENEX (Guanfacine) tablets of Promius Pharma LLC. Guanfacine tablets are indicated in the management of hypertension.

Nitin Spinners: Aditya Birla Sun Life Mutual Fund reduced stake in the company to 3.03% from 5.07% via open market sale.

ISGEC Heavy Engineering: The company has received order for waste heat recovery boilers from Shree Cement.

Laurus Labs: Dr Satyanarayana Chava, Founder Promoter, CEO & ED, sold shares worth Rs 191.67 crore of the company and Mrs. Nagarani Chava, one of the promoters of the company sold shares of Rs 66.04 crore. Significant part of the amount will be utilised to release the pledge on their equity shares of the company.

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