BASIC2BEMISAL | NIFTY I BANKNIFTY | BTST 📶☺️👍

Updates Book profit in Nifty Made low 19724.05, Nr. 2nd 🎯 Achieved from our short level 19795✈️✈️✈️ Banknifty made low 45851.20, 3rd 🎯 Achieved from our short level 46175✈️✈️✈️✈️

Stocks in the news Axis Bank: The private sector lender has recorded a profit lower than analysts' estimates at Rs 5,797.1 crore for the quarter ended June FY24. The profit rose 40.5 percent year-on-year despite a sharp spike in provisions, driven by a surge in other income and pre-provision operating profit. Net interest income grew by 27.4 percent to Rs 11,959 crore compared to the year-ago period, with net interest margin expanding 50 bps YoY to 4.1 percent. Dr Reddy's Laboratories: The pharma major has registered an 18 percent on-year increase in consolidated profit to Rs 1,402.5 crore for June FY24 quarter despite a drop in operating margin. Revenue from operations grew by 29 percent YoY to Rs 6,738.4 crore with double-digit healthy growth in North America (up 79 percent YoY), Europe (up 22 percent) and Emerging Markets (up 28 percent). Tech Mahindra: The IT services provider has started off the financial year 2023-24 on a disappointing note as the profit tanked 38 percent sequentially to Rs 692.5 crore. Rohit Anand, Chief Financial Officer, said the quarter was a challenging one as revenue growth faced strong headwinds, which had an impact on profitability. Revenue fell 4 percent QoQ to Rs 13,159 crore. Tata Consumer Products: The FMCG company has clocked 22 percent on-year growth in consolidated profit at Rs 338 crore for the quarter ended June FY24, with strong growth in the India branded business and improved performance in international and non-branded business. Revenue from operations grew by 12.5 percent year-on-year to Rs 3,741.2 crore. RBL Bank: Mahindra & Mahindra said it has acquired a 3.53 percent stake in RBL Bank for Rs 417 crore, and may consider raising the stake in the bank further, but won't exceed 9.99 percent. The acquisition price was Rs 197 per share. Poonawalla Fincorp: The non-banking finance company announced the consummation of its controlling stake sale in its housing finance subsidiary Poonawalla Housing Finance (PHFL) to Perseus SG Pte Ltd, an entity affiliated to TPG Global LLC. With this stake sale, PHFL has ceased to be a subsidiary of PFL and Perseus SG Pte Ltd now holds a controlling equity stake in PHFL. PFL received a post-tax consideration of Rs 3,004 crore for its stake sale. Rail Vikas Nigam: The Government of India is going to sell up to 7.09 crore equity shares or a 3.4 percent stake in Rail Vikas Nigam, with an option to additionally sell 4.08 crore shares or 1.96 percent via an offer for sale (OFS). The OFS will take place on July 27 for non-retail investors and July 28 for retail investors. The floor price has been fixed at Rs 119 per share.

SUMMARY OF FED DECISION (7/26/23): 1. Fed raises interest rates by 25 bps 2. Rate hike was a "unanimous" decision 3. Fed will "continue to assess additional information" 4. Future decisions depend on upcoming economic data Interest rates are now at their highest since 2001.

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Positionally Looks Good to Buy "EMAMILTD"

Photo from VIJAY SHARMA ☺️👍

Photo from VIJAY SHARMA ☺️👍 Positionally Looks Good to Buy "OAL"

GUJGAS 480 CALL Buy at 15.0 TGT 25.0 Stoploss 9.0

#timing correction 13:36

GUJGAS 480 CALL Buy at 15.0 TGT 25.0 Stoploss 9.0 (09.22)

BUY BANKNIFTY 46100 PE ABOVE 341 SL 310 TRGT 360/400/450

LT 2600 CE Above 58 SL 50 TGT 62 70 80