BASIC2BEMISAL | NIFTY I BANKNIFTY | BTST 📶☺️👍

Book profit in Nifty made high 18794.70, 1st🎯 From our buying level 18731,

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STOCKS IN NEWS:- Coal India: The offer for sale issue by country's largest coal mining company has been subscribed 3.457 times the base size. The offer size for non-retail investors is 8.31 crore shares, and retail investors 92.44 lakh shares in the base issue. Now, the government has decided to exercise the green shoe option to the extent of up to 9.24 crore shares or 1.5% stake, in addition to base issue size of 9.24 crore shares. Accordingly, the total offer size will be 18.48 crore shares, and of which 1.84 crore shares would be reserved for allocation to retail investors, as part of the offer on June 2. Tata Motors: The Tata Group company has sold 74,973 units of commercial and passenger vehicles in May 2023, falling 1.6% from 76,210 units in May 2022, but were above analysts' estimates. Domestic sales dropped 2% YoY to 73,448 units, but exports grew by 4.8% to 1,525 units in same period. Maruti Suzuki India: The country's largest car maker announced production of 1.8 lakh vehicles in May 2023, increasing 9.3% over 1.64 lakh units produced in May 2022. Passenger vehicle production stood at 1.76 lakh units, up 9.8% over same month last year. Eicher Motors: The company announced sale of 77,461 units of Royal Enfield in May 2023, increasing 22% over 63,643 units sold in same month last year, beating analysts' estimates, driven by domestic business. Exports fell 34% YoY to 6,666 units in May 2023. Adani Enterprises: Subsidiary Adani Road Transport has terminated share purchase agreement with MAIF for acquisition of 100% stake in Swarna Tollway, and 56.8% stake in Gujarat Road and Infrastructure Company. Adani Road Transport had signed share purchase agreement with MAIF Investments India PTE Limited and MAIF Investments India 3 PTE in August 2022. Paras Defence and Space Technologies: The company has entered into a joint venture agreement with Israel-based CONTROP Precision Technologies. Both will undertake business of manufacturing, implementation/installation, integrated logistics support, after sale support, training etc., in the electro optic (EO)/infra-red (IR) field in accordance with the Government of India's Make in India initiative. Paras will hold 30% stake in joint venture and the rest 70% is held by CONTROP. GAIL India: The state-owned natural gas company has infused Rs 2,101 crore, comprising Rs 625 crore equity and Rs 1,476.00 crore debt, towards total resolution plan amount in JBF Petrochemicals. Accordingly, JBF Petrochemicals has become a wholly-owned subsidiary of GAIL with effect from June 1, 2023. NHPC: The state-owned hydropower development organization has entered into a Memorandum of Understanding (MoU) with Vidhyut Utpadan Company (VUCL), Nepal for joint development of Phukot Karnali HE Project (480 MW). This is a run-of-the-river hydropower project in Kalikot district of Karnali Province, Nepal. Info Edge India: The investments into shares of 4B Networks by subsidiary Allcheckdeals India, and its loan have been fully impaired due to various factors including excessive cash burn, prevailing liquidity issues and significant uncertainty towards funding options. Allcheckdeals India had made financial investment and provided funding from time to time to 4B Networks, amounting to Rs 288 crore. Hence, Allcheckdeals India is initiating a forensic audit into the affairs of 4B Networks and has appointed Deloitte Touche Tohmatsu India LLP as the forensic auditor for the said forensic audit.

Book profit in Nifty made low 18576.05, 1st 🎯 Achieved from our short level 18633,✈️✈️✈️✈️✈️ Banknifty made low 44035.10, 1st 🎯 Achieved from our short level 44195✈️✈️✈️✈️✈️

Updates Nifty made low 18581.20, Banknifty made low 44123.40