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Greetings of the Day to all the dear members and my colleagues

In Markets every day we are witnessing good Upmove in Nifty and in stocks too.
Taking position is becoming risky for Intraday and F&O at higher levels. There are concerns towards which side the market will show its move in future.

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Greetings of the Day to all the dear members and my colleagues

In Markets every day we are witnessing good Upmove in Nifty and in stocks too.
Taking position is becoming risky for Intraday and F&O at higher levels. There are concerns towards which side the market will show its move in future.

It's time now to Join Market Wizard Premium Group and also Renew your Membership to avail super gains.

All the members and colleagues who want to continue to be a part of our Premium Family or want to become a part of our Premium Family can do so , by renewing their membership.We have started accepting payment for the month of June and it will be solely on FIRST COME FIRST SERVE BASIS.

All those who make payment between 14th to 23rd Novemver, will be added on Evening of 23rd Novembet, so that they can get benefit of 1 week extra calls as early bird.

Existing members you'll can renew your membership ASAP.

Monthly - 1,500
Quarterly - 4,000
Yearly - 15,000

New members and existing members who make payment and send screenshots after the month end, shall have to compulsorily opt for quarterly or yearly.Monthly membership option is available only if payment is made before month end along with screenshot sent to any of the admins.

Please don't call admins... just send your message or queries

Important Announcement 📢

Payment Details of Market Wizard has changed. Please take note of New Payment Details.

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MARKET WIZARD Mobile No - 9820456934

⏩BANK TRANSFER

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ACC No - 54000371858
IFSC Code - SBIN0000552
Branch - CHINCHOLI MALAD (W)

⏩ UPI ID - marketwizard1234@okaxis


Anyone paying on Old Payment Details will not be considered. Take Note for the same.

So Guys PLEASE READ CAREFULLY & UNDERSTAND THE MATTER

To avail the paid services of our group , everyone needs to do the following set of activities :

1) Everyone needs to fill in the Google Forms with the correct and accueate details.The form needs to be read carefully and then give upon your consent.

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*Morning Action @ 7am – Tuesday, November 23rd 2021.*

President Joe Biden did what pundits largely expected Monday, nominating Powell for another four-year term as the head of America's central bank as it navigates a period of rising inflation.

*7 AM GLOBAL UPDATE:*

# SGX NIFTY (-74, 17372)
# Dow (+17, 35619)
# Nasdaq (-203, 15855)
# Bovespa (-913, 102122)
# Nikkei (CLOSED, 29774)
#. Hang Seng (-98, 24951)

Overnight at Wall Street, the key benchmarks did celebrate the likely continuation of Jerome Powell as the Federal Reserve's chair, but the party streamers ran out by the closing bell.

All of the major U.S indices turned tail late in the overnight session, giving up most or all of their early gains. The *Dow Jones Industrial Average* squeaked by with a marginal gain to 35,619. The *S&P 500* -- on pace to set a new record high for most of the day -- lost 0.3% to 4,682, and the *Nasdaq* coughed up 1.3% to finish at 15,854.

*MARKET TRENDS:*

# Global: Negative
# FII: Negative (-3439 Cr)
# DII: Positive (+2051 Cr)
# F&O: 17000 – 17800 zone
# INDIA VIX: 17.47
# Market Breadth: Negative
# Sentiment: Precarious
# Technicals: Bearish
# Outlook: Negative.

*CRUCIAL LEVELS: NIFTY & BANK NIFTY:*

*NIFTY (CMP 17416):*

# SUPPORT: 17013/16821
# RESISTANCE: 17635/17881
# RANGE: 17251-17701
# BIAS: Negative

*BANK NIFTY (CMP 37129):*

# SUPPORT: 36655/35627
# RESISTANCE: 37613/38751
# RANGE: 36011-37657
# BIAS: Negative.


*NEED TO KNOW:*

# U.S. stock benchmarks finished mixed on Monday as investors kicked off a holiday-shortened week, with the Dow Jones snapped a three-day losing streak and the Nasdaq Composite posted its biggest daily drop in almost two weeks.

# The announcement of Biden nominating Powell to a second 4-year term removed some uncertainty for financial markets as investors hoped to maintain continuity in the Fed’s top leadership during the economic recovery from the COVID-19 pandemic. Powell, viewed as a moderate Republican with a career in investment banking, originally was nominated to be chairman in 2017 by Donald Trump.

# Some doubts about Powell being renamed to the head of the Fed were lingering, with investors anxious about rising inflation and talk of the need for more aggressive Fed monetary policy.


*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.

GM jsk stock in news hfcl,iex, spicejet, on mobile,bel,tatacom,bharati,centrumcap,lykalab,zentech. Negative stocks ril,idea,finpayment. Nifty range 17250-17525.

NEW: (Bloomberg) --President Joe Biden selected Jerome Powell for a second four-year term as Federal Reserve chair while elevating Governor Lael Brainard to vice chair, keeping consistency at the U.S. central bank

Deal Details for Vedanta Ltd block deal

Promoter looking to buy 17 cr shares or 4.57% stake in block deal

Offer price at Rs 350 per share , a 6.6% premium to today's closing price

Alert: Remember last time promoters bought block at Rs 160 per share and stock rallied sharply

_*〽arket 〽⭕⭕D as on*_ 2️⃣2️⃣➖1️⃣1️⃣➖2⃣1️⃣ provisional @ 07:29 pm

*BSE Sensex-30* *_(P/E 27.42)_* *- 1,170 (58,466)* ↘️😟

*BSEmidcap-150* *_(P/E 32.17)_* *- 261 (8,753)* ↘️😟

*BSE small cap-250* *_(P/E 35.16)_* *- 107 (3,831)* ↘️😟

*NSE Nifty-50* *_(P/E 24.03)_* *- 348 (17,417)* ↘️😟

*NSE* *Bank Nifty* *_(P/E 22.94)_* *- 847 (37,129)* ↘️😟

_*Fii Cash - 3,439 Crs*_ 😭
*_Dii Cash + 2,051 Crs_* 😊

_*New 10 Yrs G'Sec. Benchmark 6.10 GS-2031 (Rs. 98.20) YTM 6.3513 %*_ 🔼☹️

*Call:* - _*3.33 % (3.44 %)*_ 🔽
*TREP* : - _*3.82 % (3.67 %)*_ ↗️
_*REPO 3.71 % (3.48 %)*_ ↗️

*BrntCrude* _*78.84*_ *$/brl* _*₹. 5,634*_ ↘️

*Gold Comex* _*1,843*_ *$/oz* *₹/10 gms* _*48,376*_ 🔽

*Silver Comexx* _*24.91*_ *$/oz* _*65,502* *₹/kg*_ 🔽

*ForeX*
*$/₹* *_74.40_* 🔽☹️
*€/₹* *_83.64_* 🔼☺️
*£/₹* *_99.76_* 🔼😊

Data Compiled by: - _*Hitesh R. Pujara*_
_*Baroda Mutual Fund*_
(Not Responsible for Any Error)

*Baltic Exchange Dry Index + 98 (2,552)* ↗️

*_DJIA Future_* _*+ 163 (35,765)*_ 🔼🙂

*NASDAQ Future* _*+ 81 (16,654)*_🔼🙂

_*BTC / US$*_ Future *- 100 (58,750)* 🔽

Redbox India@REDBOXINDIA

FII SELL NET RUPEES 3438.76 CR OF INDIA SHARES TODAY

DII BUY NET RUPEES 2051.18 CR

6:52 PM · Nov 22, 2021·Twitter Web App

DLF Cyber City Developers, the rental arm of DLF raises NCD of Rs.1,000 crore at 6.7% annual coupon (~6.5% papm) from Debt Capital Markets https://t.co/l9Qhuwoihr

India's FY22 GDP projection upgraded to 9.3%-9.6% range: SBI Ecowrap
https://mybs.in/2Zj4bx9

*Everest Kanto Cylinder Q2FY22 Concall Update*
(Nirmal Bang Securities)

# *Additional 4 lac brownfield capacity over and above the earlier announced 2 lac greenfield, paves way for strong growth phase beginning H2FY23*
# *Industry tailwinds remain strong*

*Outlook: Positive*

• Revenue came at Rs. 421 Cr (+26% QoQ, +71% YoY)
• India revenue came at Rs. 303 Cr (+58%), UAE at Rs. 70 Cr (+133%) and US at Rs. 49 Cr (+84%).
• EBITDA Margin came at 26.5% vs QoQ 26.4%, YoY 17.7%. Co was able to pass on increase in RM costs.
• *Co is confident of delivering sustainable margins of 22-24%* (and 27-29% on standalone basis going forward).
• Major growth over last 5 years has come from CNG (auto) and this will continue. Split between CNG (auto) & Industrial is at 60:40. CNG share will keep rising as new capacities are being put up with CNG in mind.
• CNG has higher margins.
• Industrial demand is mainly dependent on fire equipment/systems, medical, space and defense.
• EKC competes with 5-6 cos like Rama Cylinders, JFE, FJM, Euro. *EKC has the largest capacity in India with a 50% market share.*
• Life of a cylinder is 15-20 years.
• Co sources raw material / steel from China and is not facing any constraints.
• Co is planning to repay the promoter loan within a year.
• *Debt reduced from Rs. 203 Cr in March 2021 to Rs. 131 Cr in Sep 2021. Co should be debt free in FY23 and thus interest cost shall decline accordingly.*

*India*
• *Co has proposed a new brownfield expansion of 4,00,000 cylinders* by adding new manufacturing lines within its current locations (Tarapur & Kandla) with investment of Rs. 35 Cr financed completely from internal accruals and to be executed over the next eight months (commercialization by July 2023). *Co expects additional revenue of Rs. 300 Cr from this brownfield expansion.*
• *The above is in addition to the greenfield capacity of 200,000 cylinders that the co is pursuing in parallel. This 2,00,000 cylinders capacity will have potential to generate revenue of Rs. 200 Cr at a new greenfield facility in Gujarat which will cost 45 Cr and will be funded by internal accruals.* The facility will come up in 3 phases of which the first phase will complete in FY24 (will take 18 months).
• Thus current 7,17,000 cylinder capacity will increase to 13,17,000 in coming years.

*Domestic Industry Tailwinds*
• India’s natural gas consumption is targeted to rise over the next decade, from 170 mmscmd to 600 mmscmd.
• The government aims to add 100 districts and 9k CNG stations in coming years to the City Gas Distribution network which should further accelerate the pace of adoption of gas as a fuel. *Thus CNG stations will increase from current 2k to 11k by 2030.*
• Government has launched Hydrogen Energy Mission for generating hydrogen from green power. It is expected that demand for Hydrogen Cylinder will increase once trials are successful.

*UAE*
Co is targeting a growing number of emerging markets such as Egypt, other African countries, and South America.

*Hungary*
• Plans in Hungary are moving forward and co sees local production in EU allowing deeper access to this large market in the coming years.
• Co is working on expansion of 2 lacs cylinders in Hungary. It shall complete in next 18 months (by July 2023).
• Total capex required will be Rs. 134 Cr. EKC will invest Rs. 20 Cr. Govt of Hungary will provide an incentive of EUR 4.8 mn and remaining would be funded via debt.

*US*
• The recent announcements around infrastructure investments shall open new areas of expansion.
• Utilisation was at 40% in the qtr.

Share is trading at P/E of 7.6x TTM EPS

Dear All,


Nirmal Bang is inviting you to a Zoom webinar.

When: Nov 23, 2021 08:45 AM India

Topic: Morning Market Update


Register in advance for this webinar:

https://us06web.zoom.us/webinar/register/WN_sJ4c9d6bQpibjVdcXmFsYQ


After registering, you will receive a confirmation email containing information about joining the webinar.

Live webinar on "Commodity Strategies" by Mr. Kunal Shah, Head - Commodity Research at Nirmal Bang with Ms. Hiral Dadia, Anchor and Editor.
Click here to join: https://youtu.be/D2-n275HuPI