Dhandrona

RISK OFF AHEAD OF FED! US markets nervous ahead of May 4 meet Nasdaq all set to break 52-w lows ICICI nos strong, can it save the bulls? Analysts: ICICI Bk now what HDFC Bk was 3 yrs back ((SGX Nifty)) TRADE SETUP Global equities in some kind of risk off mode again Indian market has been resilient, well above Mar lows FIIs selling again, in cash and in futures For Nifty, Tuesday low and close important levels Tuesday low of 16,824 and close of 16,958 levels to defend Bank Nifty weak, closed at monthly lows Resumption of selling seen in HDFC twins IT as a space has to negotiate valuation de-rating Reliance and ICICI Bank need to bat for the bulls again

THE FRIDAY FACTOR! 2 days for bears, 2 for bulls, decider today Nasdaq’s decline again leads to global weakness Nifty closed well above the 200 DMA FII selling down to a trickle ((SGX Nifty)) TRADE SETUP SGX Nifty indicating a retest of 200 DMA Indian market has shown some decoupling signs Markets are making sharp moves in both directions Tough to take any call beyond 1-2 days in this market If 200 DMA of 17,185 holds, a rally is possible FII selling is down, IT and HDFC twins stabilized Reliance has carried bulls, stock at all time high ICICI Bank nos tomorrow, Bank Nifty move could be interesting Bank Nifty trading at 20, 50, 100 and 200 DMA crossovers

Stocks To Watch ◆ Jindal Steel and Power: The company said that its offices in in Delhi and Gurugram were visited by officials from Enforcement Directorate for seeking business related information. ◆ JSW Energy: The company's subsidiary JSW Neo Energy has signed a memorandum of understanding with Government of Telangana for setting up 1,500 MW capacity of Hydro Pumped Storage Project. ◆ RailTel: The company has received a work order from National Informatics Centre Services Incorporated in relation to assignment of work of immigration visa and foreigner registration and tracking at a total cost of Rs. 29.75 crore. ◆ TVS Motor: The company will invest an addition £100 million in Norton Motorcycle, which was acquired in 2020. ◆ L&T Technology Services: The company was awarded over $100 million electric air mobility deal from Jaunt Air Mobility. As part of the contract, LTTS will open an Engineering and R&D Centre in Québec Province for the next-gen electric aircraft manufacturer to provide engineering services for the Jaunt Journey eVTOL air taxi. ◆31 Infotech: The company signed a premium high mar Digital Business Process Services transformational de worth Rs 12 crore with an insurance company. ◆NTPC: Collaborates with Delhi Jal Board to convert waste into energy.

Pledged Shares Details ◆ Max Financial Services: Max Ventures Investment Holding created a pledge on 50,000 shares on April 19. ◆ Mangalore Chemicals & Fertilizers: Zuari Agro revoked a pledge on 8 lakh shares on April 19. Bulk Deals ◆ Gland Pharma: Nicomac Machinery sold 53.79 lakh shares (3.27%) as Rs 3,200.66 apiece. ◆ HBL Power Systems Limited: Banyantree Growth Capital sold 18 lakhs shares (0.65%) at Rs 69.77 apiece. Trading Tweaks ◆ Price Band Revised From 10% To 5%: Alkali Metals, VIP Clothing ◆ Price Band Revised From 20% To 10%: Archies, Chennai Petroleum, MRPL ◆ Price Band Revised From 20% To 5%: Walchandnagar Industries Ex-Date Buyback: GAIL ◆ Ex-Date Interim Dividend: Nestle India