buy paras defence half at 750

add more near 735

sl 669

Nifty supports and resistances for tomo

Crisil ltd - near breakout levels

Reliance intraday levels

Given last nite.. 5% up today

Bank nifty levels for tomo -

On breaking of orange rectangle ; 38025 , target is purple ray 38360

On breaking of green ray ; 37530 , target is blue ray37349

Nifty levels for tomo -

Below green ray 17640 ; target 17605 , below 17705 , 17505 also possible

Above orange trendline 17800 ; target 17840 , 17860

nifty moved exactly as per given view - below 17605 made low 17442

banknifty - below green ray - target blue ray - achieved

Sgx indicating sideways

Crude up by 7%

Nifty seems to be weak and
Banknifty comparatively strong

So there is a divergence in both indexes.

38030-38050 is breakout level for today or
37490-37400 is support in Banknifty.

sell deep OTM calls and puts for next week - 4 days holidays - 1 lot requires apx 1.10 lakhs margin

Have bought Tata chem at 996 with 929 as positional trade for next 3-4 months

LIC IPO synopsis

1 - largest insurance provider with 66% share in new business premium - positive


2 - poor policy growth - lost 8% market share in last 8 years - growth declined - negative


3 - Assets and PAT have been growing at slow growth rate - neutral to positive


4 - 100% OFS - money will be going to govt, not to LIC - negative


5 - at FV 10 bid at 904(after discount) seems to fav ok with only 1.1x - positive


6 - issuing 22 cr shares at one go - liquidity can be a issues which we have seen In earlier big IPOs as well - negative


7- as on while writing report by at 11 pm on last day, issues is Subscribed Nearly 2x - positive


8 - 3 out of 7 goes for positive and 3 goes for negative with 1 neutral


9- at valuations of 904 per share, valuations seems fare but liquidity size point is hitting hard this IPOs


10 - considering all the above points

- Safe traders avoid this IPO

- those who want to take risk can go for 4-5% listing gains