How to think?
1. After opening market fall straight forward from 22300 to 22150
2. Bounced from 22150 to 22300 again
3. Fall again from 22300 to 22150
Now two scenarios:
1. Option writers added more positions at CE side as market fall 2 times
2. CE writers sitting on highest risk meanwhile it creates strong resistance at upside
So now thinking become simple, if market will break 22220 then it won't fall next time. Else it can stay in this range or may fall more.
1. After opening market fall straight forward from 22300 to 22150
2. Bounced from 22150 to 22300 again
3. Fall again from 22300 to 22150
Now two scenarios:
1. Option writers added more positions at CE side as market fall 2 times
2. CE writers sitting on highest risk meanwhile it creates strong resistance at upside
So now thinking become simple, if market will break 22220 then it won't fall next time. Else it can stay in this range or may fall more.
Market Update:
Nifty: 22,086.90 (-113.35 points)
Sensex: 72,636.20 (-350.25 points)
European Markets:
FTSE: 8,416.95(-0.35%)
CAC: 8,205.02 (-0.42%)
DAX: 18,845.65(-0.12%)
Nifty: 22,086.90 (-113.35 points)
Sensex: 72,636.20 (-350.25 points)
European Markets:
FTSE: 8,416.95(-0.35%)
CAC: 8,205.02 (-0.42%)
DAX: 18,845.65(-0.12%)
RESULTS TODAY
Nifty Stocks
--
F&O stocks
BHEL
METROPOLIS HEALTHCARE
NMDC
PI INDUSTRIES
Cash Stocks
ACTION CONSTRUCTION
ETHER INDUSTRIES
ARVIND FASHIONS
AZAD ENGINEERING
DOLLAR INDUSTRIES
ERIS LIFESCIENCES
FIEM INDUSTRIES
GALAXY SURFACTANTS
GE T&D INDIA
GODAWARI POWER
GREENPLY INDUSTRIES
GSFC
GULF OIL
IRCON INTERNATIONAL
JINDAL DRILLING
JK TYRE
LAXMI ORGANIC
MAHARASHTRA SEAMLESS
HITACHI ENERGY
RATE GAIN
TILAKNAGAR INDUSTRIES
VA TECH WABAG
Nifty Stocks
--
F&O stocks
BHEL
METROPOLIS HEALTHCARE
NMDC
PI INDUSTRIES
Cash Stocks
ACTION CONSTRUCTION
ETHER INDUSTRIES
ARVIND FASHIONS
AZAD ENGINEERING
DOLLAR INDUSTRIES
ERIS LIFESCIENCES
FIEM INDUSTRIES
GALAXY SURFACTANTS
GE T&D INDIA
GODAWARI POWER
GREENPLY INDUSTRIES
GSFC
GULF OIL
IRCON INTERNATIONAL
JINDAL DRILLING
JK TYRE
LAXMI ORGANIC
MAHARASHTRA SEAMLESS
HITACHI ENERGY
RATE GAIN
TILAKNAGAR INDUSTRIES
VA TECH WABAG
Opening bell
🔸#BharatElectronics revenue increased by 32.6% YoY (+105.8% QoQ) to Rs 8564.1 crore in Q4FY24. EBITDA margin stood at 26.7% (-156 bps YoY, +94 bps QoQ).
🔸#ZeeEntertainment reported double digit ad revenues growth, albeit on depressed base. The ad revenues 10.4% YoY to ₹ 1110 crore, with domestic ad growth of ~10.6% YoY.
🔸#JSWSTeel total operating income on consolidated basis for Q4FY24 came in at ₹46,269 crore (flat YoY, up 10% QoQ) with steel sales volume of 6.7 MT (up 3% YoY, 12% QoQ). Reported EBITDA for the quarter came in at ₹6,124 crore vs ₹7,180 crore in Q3FY24, largely attributed to higher raw material cost at its Indian operations and drop in metal realisations.
🔸#SobhaLtd sales value for Q4FY24 grew by 2.8% YoY to ₹ 1,504 crore (the company's share in sales value at ₹ 1,273.5 crore up 5.5%) The average price realization in Q4FY24 jumped 13.5% YoY to ₹ 11,230 per sq ft.
🔸#SAIL reported steady performance in Q4FY24. Standalone sales for the quarter stood at ₹27,958 crore (up 20% QoQ and down 4% YoY) with EBITDA coming at ₹3,475 crore with margins at 12.4%. Consequently, PAT for the quarter stood at ₹1,011 crore vs. ₹1,049 crore in Q4FY23 and ₹333 crore in Q3FY24.
🔸#LandmarkCars has received Letter of acceptance (LOA) from Kia to operate one showroom and two workshops in Kolkata. This dealership will be established in one of the wholly owned subsidiaries of Landmark cars, namely Landmark Premium Cars Pvt Ltd.
🔸As per media sources, #TataSteel has signed an agreement with the National Grid Electricity System Operator to develop the power infrastructure needed to transition its Port Talbot site to a green steel project.
🔸#Wipro has appointed Sanjeev Jain as its COO, succeeding Amit Choudhary. He will oversee various functions, including Global Business Operations and Enterprise Risk Management.
🔸#BharatElectronics revenue increased by 32.6% YoY (+105.8% QoQ) to Rs 8564.1 crore in Q4FY24. EBITDA margin stood at 26.7% (-156 bps YoY, +94 bps QoQ).
🔸#ZeeEntertainment reported double digit ad revenues growth, albeit on depressed base. The ad revenues 10.4% YoY to ₹ 1110 crore, with domestic ad growth of ~10.6% YoY.
🔸#JSWSTeel total operating income on consolidated basis for Q4FY24 came in at ₹46,269 crore (flat YoY, up 10% QoQ) with steel sales volume of 6.7 MT (up 3% YoY, 12% QoQ). Reported EBITDA for the quarter came in at ₹6,124 crore vs ₹7,180 crore in Q3FY24, largely attributed to higher raw material cost at its Indian operations and drop in metal realisations.
🔸#SobhaLtd sales value for Q4FY24 grew by 2.8% YoY to ₹ 1,504 crore (the company's share in sales value at ₹ 1,273.5 crore up 5.5%) The average price realization in Q4FY24 jumped 13.5% YoY to ₹ 11,230 per sq ft.
🔸#SAIL reported steady performance in Q4FY24. Standalone sales for the quarter stood at ₹27,958 crore (up 20% QoQ and down 4% YoY) with EBITDA coming at ₹3,475 crore with margins at 12.4%. Consequently, PAT for the quarter stood at ₹1,011 crore vs. ₹1,049 crore in Q4FY23 and ₹333 crore in Q3FY24.
🔸#LandmarkCars has received Letter of acceptance (LOA) from Kia to operate one showroom and two workshops in Kolkata. This dealership will be established in one of the wholly owned subsidiaries of Landmark cars, namely Landmark Premium Cars Pvt Ltd.
🔸As per media sources, #TataSteel has signed an agreement with the National Grid Electricity System Operator to develop the power infrastructure needed to transition its Port Talbot site to a green steel project.
🔸#Wipro has appointed Sanjeev Jain as its COO, succeeding Amit Choudhary. He will oversee various functions, including Global Business Operations and Enterprise Risk Management.
Stocks ka Gyan 💬
🔸On Tuesday, the Indian benchmark indices ended flat in the volatile session. At close, the #Sensex was down 52.63 points or 0.07 percent at 73,953.31, and the #Nifty was up 27 points or 0.12 percent at 22,529.
🔸#Greenply consolidated topline was at ₹ 599.8 crore, up 40% YoY. This was largely driven by ramp up in new MDF plant (started from Q1FY24). MDF revenues stood at ₹ 131.1 crore with volumes of 45764 CBM (up 9% QoQ).
🔸#JKTyre Consolidated sales for the quarter came at ₹ 3,699 crore, up 2% YoY. EBITDA for the quarter came in at ₹ 481 crore with corresponding EBITDA margin at 13% (down 190 bps QoQ).
🔸#Mphasis informed the stock exchange that it has inaugurated a Global Centre of Excellence for Advanced Computing in Hyderabad. The center will focus on AI, Gen-AI, and Quantum Computing solutions to accelerate digital adoption for global clients.
🔸#HCLTech has been recognized as a Leader in #Gartner®️ Magic QuadrantTM for Outsourced Digital Workplace Services.
🔸#JSWCement plans to invest about Rs 3000 crores to set up 3.30 million tons (mtpa) of clinker unit & 2.50 mtpa of grinding unit along with 18 MW of waste heat recovery facility at Nagpura district in Rajasthan.
🔸#Mahindra&Mahindra Financial Services has appointed Mahesh Rajaraman as its new Chief Risk Officer.
🔸As per media sources, #IREDA is planning to raise capital through FPO, amid rising financing opportunities in the energy transition space and to bolster the company's growth.
🔸#Dr.Reddy and #Alvotech have entered into an in-licensing deal to register and commercialize the biosimilar product, ‘Denosumab’ developed by Alvotech, to bring a critical biosimilar product for the highly regulated markets (exclusive rights for the US market and semi exclusive rights for the Europe markets).
🔸On Tuesday, the Indian benchmark indices ended flat in the volatile session. At close, the #Sensex was down 52.63 points or 0.07 percent at 73,953.31, and the #Nifty was up 27 points or 0.12 percent at 22,529.
🔸#Greenply consolidated topline was at ₹ 599.8 crore, up 40% YoY. This was largely driven by ramp up in new MDF plant (started from Q1FY24). MDF revenues stood at ₹ 131.1 crore with volumes of 45764 CBM (up 9% QoQ).
🔸#JKTyre Consolidated sales for the quarter came at ₹ 3,699 crore, up 2% YoY. EBITDA for the quarter came in at ₹ 481 crore with corresponding EBITDA margin at 13% (down 190 bps QoQ).
🔸#Mphasis informed the stock exchange that it has inaugurated a Global Centre of Excellence for Advanced Computing in Hyderabad. The center will focus on AI, Gen-AI, and Quantum Computing solutions to accelerate digital adoption for global clients.
🔸#HCLTech has been recognized as a Leader in #Gartner®️ Magic QuadrantTM for Outsourced Digital Workplace Services.
🔸#JSWCement plans to invest about Rs 3000 crores to set up 3.30 million tons (mtpa) of clinker unit & 2.50 mtpa of grinding unit along with 18 MW of waste heat recovery facility at Nagpura district in Rajasthan.
🔸#Mahindra&Mahindra Financial Services has appointed Mahesh Rajaraman as its new Chief Risk Officer.
🔸As per media sources, #IREDA is planning to raise capital through FPO, amid rising financing opportunities in the energy transition space and to bolster the company's growth.
🔸#Dr.Reddy and #Alvotech have entered into an in-licensing deal to register and commercialize the biosimilar product, ‘Denosumab’ developed by Alvotech, to bring a critical biosimilar product for the highly regulated markets (exclusive rights for the US market and semi exclusive rights for the Europe markets).
BSE reaches a major milestone!
🔸 Its total market capitalization previously hit $4 trillion in November 2023 and has now increased by $1 trillion within just six months.
🔸 The market cap of BSE-listed companies reached $1 trillion in May 2007 and has grown majorly ever since.
🔸 Currently, only four other stock markets worldwide are in the $5-trillion-plus club: the USA, China, Japan, and Hong Kong.
🔸 In 2024 so far, India’s market capitalisation has risen nearly 12%, while the US has increased by 10%, and Hong Kong’s by 16 percent.
🔸 Its total market capitalization previously hit $4 trillion in November 2023 and has now increased by $1 trillion within just six months.
🔸 The market cap of BSE-listed companies reached $1 trillion in May 2007 and has grown majorly ever since.
🔸 Currently, only four other stock markets worldwide are in the $5-trillion-plus club: the USA, China, Japan, and Hong Kong.
🔸 In 2024 so far, India’s market capitalisation has risen nearly 12%, while the US has increased by 10%, and Hong Kong’s by 16 percent.
INTRADAY BUY NAUKRI CASH CMP 6484 SL 6400 TGT- 6568 / 6652
INTRADAY BUY RVNL CASH CMP 359.5 SL 350 TGT- 369 / 378
INTRADAY BUY PERSISTENT CASH CMP 3534 SL 3510 TGT- 3558 / 3582
INTRADAY BUY RVNL CASH CMP 359.5 SL 350 TGT- 369 / 378
INTRADAY BUY PERSISTENT CASH CMP 3534 SL 3510 TGT- 3558 / 3582
Core Durable Goods Orders m/m: Positive for USD
Actual: 0.4%
Survey: 0.1%
Prior: 0.0%
Durable Goods Orders m/m: Positive for USD
Actual: 0.7%
Survey: -0.9%
Prior: 0.9%
Source: forexfactory
Actual: 0.4%
Survey: 0.1%
Prior: 0.0%
Durable Goods Orders m/m: Positive for USD
Actual: 0.7%
Survey: -0.9%
Prior: 0.9%
Source: forexfactory
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प्रिय डिमैट ग्राहक अगर आपका खाता हमारे रेफरल लिंक से ओपन हूवा हैं और आप अभी तक हमारे प्रीमियम लर्निंग ग्रुप के साथ नही जुड़े हो तो आप आज ही जुड़े और अपनी ट्रेडिंग/ इन्वेस्टमेंट को प्रॉफिटेबल बनाए ।
https://choiceindia.com/open-free-demat-account?refercode=WUxT&source=Q0hPSUNFX0NPTk5FQ1RfQU5EUk9JRA
This offer is applicable for our existing demat account holders only
Those who have associated with us through brokers referral link program and have not joined our premium learning telegram channel, pls ping and get added in this group, enhance your trading and investing skills
A free learning premium group will be opened after opening an account with us by clicking simply on the following link ..
https://choiceindia.com/open-free-demat-account?refercode=WUxT&source=Q0hPSUNFX0NPTk5FQ1RfQU5EUk9JRA