Chinese regulators have ordered Ant Group, the world's largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country's internet sector.

The Centre plans to permit sale of 50 per cent of coal/lignite produced by captive blocks, a move aimed at augmenting the production and increasing the availability of dry fuel. The government plans to do so through incorporation of a provision in the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR).

*12-03-2021Pr sundar view on Market*

Global cues are positive.

Asian markets are higher.

SGX Nifty indicating a 200 points gap up for Nifty.

Local Holidays like yesterday is always have this proble.

We will react for two days of good or bad Global cues.


Just two weeks before, the same Firday, Nifty fell more than 700 points and Bank Nifty fell more than 2000 points.

Just two weeks, fast forward, we are looking at the markets looking to break all time high.

Nasdaq was sold off 10% but equally shot up in just few days.

European Central Bank assured of lose monetary policy, vowed to buy more bonds.

US$1.9 Trillion stimulus bill signed by President.

US markets are all time high.

Now in March series, we consolidated with huge violent moves, it looks like rally in the next two weeks.

Positionally, people have 15000 short straddle.

If Nifty crosses 15600-15700, these people have to run for cover.

If that happens, Nifty 16K is possible within this series.

Incidentally, Nifty 16000CE has the highest Open Interest from the beginning.

If you can remember, on first trading day, suggested 14K PE nd 16K CE.

But this gap up by more than 200 points may come under selling pressure.

Usually big moves happen after opening flat or with some positive bias, will sustain better.

Usually huge gap ups will see at least one wave of selling pressure.
Let us see what happens today.

Nifty future may trade between 15320 and 15520.

While acknowledging that the present situation has become far more difficult than it was in the past due to rising coronavirus infections, Kumar remained hopeful that the country's economy will grow 11 per cent in the current fiscal ending March 31, 2022.

*20-04-2021


US markets came under profit booking.

Asian markets are mixed.

SGX Nifty is higher by about 50 points.

We have not been following Global cues due to strong Local cues.

Yesterday Nifty broke two months low.

But buying emerged at the lower levels, triggered by huge buying by DIIs.

DIIs have bought for more than Rs 2000 crores.

Particularly HDFC Bank did well, falling just 1% even after not so good results.

Bank Nifty, as usual, making very big moves.

For the last two months, Bank Nifty has been making more than 1000 point move on many occasions..

Markets are likely to react to Headline news for next few days.

More than 3 weeks into April expiry, Nifty is almost flat.

March expiry, on March 25, Nifty closed at 14325.

Yesterday, Nifty closed at 14360.

But given the fact that Corona Virus wave 2, this is a commendable performance.

Banking and Financials took the hit and doing very badly.

Now there are some good news on Corona front.

(i) All adults will be given vaccine, (ii) States and private hospitals can buy vaccine direct from manufacturers, (iii) Reported cases in last 24 hours is less compared to previous day, (iv) PM will be meeting vaccine manufacturers today, etc

ACC and ICICI Pru came with good results.

But volatility is likely to continue.

SGX Nifty has already swung 120 points, from 14312 to 14440.

Bank Nifty is likely to be more volatile.

Nifty Future took support between 14200 and 14300 on multiple times.

That should act as a good support.

Since tomorrow is a holiday, we can expect today's trade to be highly volatile.

If markets open higher, continue to trade higher, then we can expect some selling in the afternoon around 1 pm.

Last one hour will be interesting, as tomorrow is a holiday, markets are likely to make big gap up or gap down opening.

If you remember last week, SGX Nifty was up 250 points while we were closed last Wednesday.

So traders may like to close their positions towards the end of the day which can make markets more volatile.

Nifty future may trade between 14280 and 14520.

Bezos, 57, was set to hand over the job of Amazon chief executive on Monday to Andy Jassy and turn his attention to his private space exploration firm, philanthropy and other endeavors. He will retain a key role, however, as executive chair at the technology and e-commerce colossus he founded 27 years ago.

Bezos, 57, was set to hand over the job of Amazon chief executive on Monday to Andy Jassy and turn his attention to his private space exploration firm, philanthropy and other endeavors. He will retain a key role, however, as executive chair at the technology and e-commerce colossus he founded 27 years ago.

TRENDING
1. ABM Knowledgeware,
2. Alphageo (India),
3. Apex Frozen Foods,
4. Atul Auto,
5. Antony Waste Handling Cell,
6. Finolex Industries,
7. Godfrey Phillips,
8. HCL Infosystems,
9. Hindustan Copper,
10. Indraprastha Gas,
11. Inox Wind,
12. JSW Energy,
13. MSTC,
14. PNC Infratech,
15. RailTel Corporation of India,
16. Shree Renuka Sugars,
17. Selan Exploration Technology,
18. State Trading Corporation of India,
19. Texmo Pipes & Products,
20. Voltamp Transformers.

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Good evening