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Driven by Fundamentals and Leveraging Technicals.

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Accmulate M
McDowell
597-600 Zone
Cmp - 601
T - 625/635/645
TF - 1 to 2 week.
S/L - 593 cbsl.
BEPL
Results not in line.
Profit declines.
Revenues declines by 50 crs.
Expansion project on hold.
Can revisit levels below Rs.100
Keep πŸ‘€πŸ‘€ on JSPL

ACCMULATION ZONE

190-193

Can get 10% Bounce in this week.
*FEDERAL BANK*:
# Q1 NET PROFIT (+25%) 2.63B RUPEES VS 2.1B (YOY); EST 2.16B
# Q1 INTEREST EARNED (+15%) 26.67B RUPEES VS 23.24B (YOY)
# GNPA: 3% VS 3.00% (QOQ)
# NNPA 1.72% VS 1.69% (QOQ)
# Q1 PROVISIONS 1.99B RUPEES VS 2.36B (YOY)
Federal Bank Up
19% πŸ’₯πŸ’₯
Resistance
92-93
Above that can expect 97–100
Keep booking profits as per Risk.
Nifty Support - 10880/10750

Nifty Resistance -11090/11175

Bank Nifty - Expected to
outperform.

Crude Down - Positive for Indian markets.