2021-12-18 12:20

NIFTY 1 hr - 17650-1770 major support

NIFTY 5min

Tata Chemicals -

I am adding few niftybees at 178 _ long term

Tata motors - I will add few at 435-430 level , if it break 430 level then it may test 360-370.

TATA POWER - I will buy tata power at 190-185 level , next buy will be at 160. 140 as SL

Indiabulls Housing Prepares For A Makeover As Promoter Heads For Exit – Media report …Stock gains 3%

· Indiabulls Housing, the fifth-largest housing financier in the country, is preparing for a makeover after Sameer Gehlaut sold half of his stake, initiating a process to exit as promoter of the company. In a deal on Dec. 16, Gehlaut sold 11.9% of his 21.67% stake to Blackstone, Abu Dhabi Investment Authority, HSBC, Invesco and Quant Capital. Life Insurance Corp. of India, with 9.9%, is now the largest individual shareholder of the company.

· The transformation of Indiabulls Housing Finance started nearly two years ago, with Gehlaut exiting the real estate business, said chief executive Gagan Banga in a conversation with BloombergQuint.

· For now, Gehlaut continues to be classified as a promoter of Indiabulls Housing Finance. He will start the process of declassification over the next six months, after getting requisite regulatory approvals, Banga said.

India’s wedding market of about $80 billion is expected to grow at a CAGR or something like 20% over the next 10 years to get to $500 billion. So obviously, we are seeing a very strong demand recovery in the whole discretionary consumption basket across the board – be it retailers or alcohol manufacturers like Radico and United Spirits. As the economy and travel normalise, these companies should have a very strong demand tailwind backing them

Tata Chemicals - wait for breakout SL 820

RIL - Reliance SL 2240

MotherSon Sumi -

HERO MOTOCORP

HDFC BANK

NIFTY 1h - wait for break out and re-test. use lower time frame for intraday.

I will add few cdsl 1470-1480 level long term