BASIC2BEMISAL | NIFTY I BANKNIFTY | BTST 📶☺️👍

Book profit in NIFTY made high 17259, 1st 🎯 from our buying levels 17200. BANKNIFTY made high 37606.95, 2nd 🎯 from our buying levels 37315

India Daybook – Stocks in News* *Axis Bank Q3:* Net Interest Income at Rs 8653 crore versus estimates of Rs 8220 crore, Net Interest Margin at 3.53% versus estimates of 3.46% (Positive) *SBI Cards:* NII Rs 996cr vs Rs 912cr yoy, PAT Rs 386cr vs Rs 209cr yoy, up 84% YoY. (Positive) *Linde India:* Board approved Capex of Rs 152 crore to build air separation unit which is expected to be online by December 2023 (Positive) *Indian Energy Exchange:* Net profit at Rs 80.73 crore against Rs 58.14 crore, revenue rose to Rs 117.54 crore from Rs 85.23 crore YoY (Positive) *Steel Strips Wheels Ltd:* Total revenue of Rs 860.52 crores for the December 2021 quarter, against Rs 524.54 crores for the December 2020 quarter, up by 64.05 percent YoY.. (Positive) *Burger Kings:* Loss at Rs 15 cr vs loss of Rs 29 cr. Revenue at Rs 280 cr vs Rs 163 cr. (Neutral) *Hero Motocorp:* To invest Rs 700 crore in Hero FinCorp. The NBFC is in process of raising Rs 2000 crore. (Neutral) *Shriram Transport:* PAT Rs 681cr vs Rs 728cr yoy, down 6.5%, NII Rs 2263cr vs Rs 2145cr yoy (Neutral) *Rane (Madras) Limited:* Revenue of Rs 440.50 crores for the quarter ending December 2021, against Rs 435.20 crore for the previous corresponding quarter, up by 1.2 percent YoY (Neutral) *Ramco Cement Q3:* PAT at Rs 82.5 cr vs Rs 201 cr, Revenue at Rs 1,549 cr vs Rs 1,339 cr (Negative) *Deepak NTR:* Net profit up 12% Rs 242.4 cr Vs Rs 216.5 cr (YoY) Revenue up 39.5% at Rs 1,722.2 cr Vs Rs 1,234.6 cr (YoY). (Negative) *Zensar tech:* $ rev up 3.7% qoq at 147 mn, Revenue up 4.9% qoq at 1102.5 cr, EBITDA down 1.7% qoq at 158.5 cr. (Negative) *Craftsman:* Net profit at Rs 37.6 crore against Rs 43.4 crore, revenue increased to Rs 554.1 crore from Rs 489 crore YoY (Negative) *Sudarshan Chemical:* Net profit at Rs 36.38 crore against Rs 39.16 crore, revenue jumped to Rs 601.75 crore from Rs 506.37 crore YoY. (Negative) Fund Houses Recommendations* CS on *Axis Bank:* Maintains outperform on Bank, target price at Rs 960/Sh (Positive) GS on *Axis Bank:* Maintains Buy on Bank, raise target price at Rs 927/Sh (Positive) Citi on *Axis Bank:* Maintains Buy on Bank, target price at Rs 1000/Sh (Positive) Nomura on *Axis Bank:* Maintains Buy on Bank, target price at Rs 980/Sh (Positive) CLSA on *Axis Bank:* Maintains Buy on Bank, target price at Rs 1080/Sh (Positive) MS on *SBI Cards:* Maintains Overweight on company, target price at Rs 1300/Sh (Positive) Jefferies on *Bharti Airtel:* Maintains Buy on company, target price at Rs 925/Sh (Positive) CLSA on *Shriram Trans:* Upgrade to Buy on company, target price at Rs 1600/Sh (Positive) JP Morgan on *HDFC AMC:* Maintains Neutral on company, target price at Rs 2500/Sh (Neutral) CS on *SBI Cards:* Maintains outperform on company, cut target price at Rs 1100/Sh (Neutral) CS on *L&T FH:* Maintains outperform on company, cut target price at Rs 90/Sh (Negative) CLSA on *Ramco Cement:* Maintains Underperform on company, cut target price at Rs 970/Sh (Negative) Jefferies on *Ramco Cement:* Maintains Hold on company, cut target price at Rs 981/Sh (Negative)

*Indian Equities Pre Open Update* Gap down opening expected to be seen for Indian equities on back of the weak cues from the global markets. *Global Peers Update:* Asian shares and U.S. futures tumbled on Tuesday after a tumultuous Wall Street session, with investors nervous about the situation in Ukraine and eyeing the U.S. Federal Reserve amid worries about a move to tighter monetary policy globally. *Sectors to Watch:* Selective Banks and Telecom Sector stocks expected to remain on focus while Chemicals, Metals, Cement and Technology stocks likely to remain cautious during the day. *SGX NIFTY Price* 16950.0 Change: -105.0 Points, Percent Change: -0.62% *Technical Levels: Nifty Near Future* *Support*: 16830.0/17704.0 *Resistance*: 17151.0/17258.0 *Technical Levels: Bank Nifty Near Future* *Support*: 36588.0/36240.0 *Resistance*: 37255.0/37544.0

Book profit in Nifty @17260, from our short level 17436🎯🎯🎯🚀🚀🚀🚀 BANKNIFTY @37000, , from our short level 37504🎯🎯🚀🚀🚀🚀🚀🚀