10:05 AM
The rupee has strengthened 2 paise against the dollar to open at 73.63 against 73.65.
09:25 AM
Indian markets have made a strong start amidst strong global cues. The Sensex is seen at 46,356, up 257 points or 0.56 per cent. At the same time, the Nifty is seen at 13,592 level with a gain of 78.15 points i.e. 0.58 per cent.
08:45 AM
Global Signs Spectacular
Global signs are looking great on the first day of the week. DOW FUTURES is up 180 points in the US. Asia has also started at the edge. SGX NIFTY is looking up by 50 points. These signals are expected to hit record highs in the Indian market today. On the other hand, there will be a lockdown in Germany from December 16 to January 10. In China, iron ore prices have risen 10 per cent to record highs. Negotiations on the Brexit Agreement will continue after the EU and the UK agree.
Stock Market LIVE News: Nifty near 13550, Sensex at new high; FMCG shares rise, ONGC-SBI top gainers
BURGER KING’s IPO listing today
Today, BURGER KING INDIA will have an IPO list on the exchange. Its issue price is Rs 60 per share. The IPO was about 157 times full, indicating the listing at an 80 per cent premium from the gray market.
October IIP rises 3.6%
There is a big relief on the economy front, with industrial output rising from 0.2 per cent to 3.6 per cent on a monthly basis in October. Manufacturing, consumer goods and infra sectors have shown good growth.
Government’s emphasis on major reform: FM
The government’s emphasis is on systemic reforms. In exclusive talks with CNN, Finance Minister Nirmala Sitharaman said that the reform will continue in the future.
FM’s pre-budget meeting from today
The Finance Minister’s round of pre-budget meetings starts today. Will discuss the budget with other industry chambers including CII.
Corona vaccine will be introduced from today in the US
Corona will be supported in America from today. The PFIZER vaccine has been approved by the USFDA for emergency use. Here Serum has said that vaccination will start in the country from January, hoping to have life normal by October.
Strategy on nifty
Virendra Kumar of CNBC-Awaaz says that it has a registration zone 13569-13590 and a big registration zone 13640-13687. The base zone is 13390-13365. The larger base zone is 13300–13270. Dow then closed above 10 DEMA, with Dow Futures appearing 150 points above. Buy, Buy Every Fall is the base for 13390 traders. Hold 13500 calls purchased during closing on Friday. According to the Weekly Contract, 13690 levels are possible. Remember 10 DEMA (13300-270).
Strategy on nifty bank
It has a registration zone 30780-30840 and a larger registration zone: 30050-30200. The base zone is 30274-30300. The larger base zone is 30050-29980. The 30000 critical base is the base for 30300 Day Traders. Buy, buy every fall, is 30840 supply zone. Above the 31050, you will now see a big boom.
Know today’s trading calls
IDBI Capital
Buy NESTLE Stop 17965 Target 19100
Derivative trading research
Buy HUL @ 2374 SL 2350 Tgt 2420
Motilal oswal
BUY JUBLFOOD SL 2580 TGT 2784
