Good morning, friends! I hope you're doing well & read to welcome tremendous Tuesday. We've witnessed back to back profit booking sessions with thick red candles tells the intensity & most probably opening in good red today as well. #NIFTY50 Witnessed back to back selling days and seemingly ready for hattrick. I'd want to go long around 17300-17350 zone for a small pull back. 17550-17700 are all resistances now and need to be watched. For Intraday, Buy above 17550 or Sell below 17400. #NIFTYBANK Broke 38600, a good support which was earlier a good resistance. Now 38000 is both technical & psychological level, which if broken, may see 37600- levels. But I expect it to hold and may see a good bounce from this level for short term to meet resistance at 38550-38700 zone. For Intraday, Buy above 38400 or Sell below 37950. Sector to focus: IT, Energy, PSU Banks & Entertainment for Long & Pharma, Metals & Realty for Short. Stocks to focus: #BAJAJELEC #SEAMECLTD #ELGIEQUIP Wishing you a profitable day ahead! @nikhilmaheshwari

Stocks in News 13-05-2022 : 1) Baba Arts Limited (Company is venturing into the music business. The company has already racordsd over 100+ songsand has rnanv more songsunder recording and production) 2)Confidence Petroleum (The board considered the proposal of Fund Raising through Issue of Shares /Share Warrants on the basis of preferential allotment in accordance with the provision of Companies Act) 3)Kesoram Industries Ltd (Approved the Scheme of Arrangement between Kesoram Industries Limited, its wholly owned subsidiary Cygnet Industries Limited and their respective shareholders as recommended by the Committee of Independent Director and Audit Committee) 4)V-Guard ( the Company has made further investment to the extent of Rs 29.89 crs in V-Guard Consumer Products Limited (VCPL), the Wholly Owned Subsidiary incorporated on July 19, 2021 and has allotted 2,98,98,757 equity shares of Rs.10/ each. The total amount of investment made till date of this disclosure is Rs:89,69,62,640/-) 5)Matrimony.com (The board has approved the buyback of equity shares in tender basis at price not exceeding Rs:1150/-) 6)TCS (Among Top 3 Insurance Service Providers: HFS Research) 7)RattanIndia Enterprises (Company backed Revolt Motors sets to open its 2 new Stores in South India) 8)Saksoft(Board Meeting on May 26th To Consider and approve the split of the Face Value of Shares from Rs 10/- to Re 1/- per share) 9)Wipro (Scania partners with Wipro to transform the digital workplace & Wipro Named an Industry Leader in ER&D for the 12th Consecutive Year by Zinnov) 10)Elgi Equipments Limited(Company has entered into a share purchase and shareholders agreement with First Energy Private Limited for acquisition of 7.8% of paid up share capital in First Energy TN 1 Private Limited) 11)Cipla (gets tentative US FDA nod for Ritonavir tablets. Ritonavir Tablet is used to control HIV infection) 12)Sun Pharma (The company received final approval from US FDA for its Abbreviated New Drug Application for generic Mesalamine extended release capsules) 13)Indiabulls Housing Finance (Raised reference rates on housing loans and loans against property by 40 basis points. The new rates will be applicable for existing borrowers from June 1) 14)NHPC/Adani Infra/Tata Power (NHPC issued contracts worth Rs 6,604.42 crore for development of grid-connected solar PV projects of 1,000 MW capacity and transmission line for power evacuation. - Adani Infra was awarded contract for 600 MW capacity worth Rs 4,295 crore in Gujarat. - Tata Power Solar Systems received 300 MW capacity contract worth Rs 1,732 crore in Rajasthan. - SSEL-ASR JV got contract for 100 MW capacity in Andhra Pradesh for Rs 577 crore) 15)Zydus Life Sciences (launches Bemdac in India which is used to treat uncontrolled LDL-Cholesterol) #CIPLA #NHPC #SUNPHARMA #WIPRO #ELGIEQUIP

Hot stocks for the day and short term #GLENMARK #ADANIENT #STAR #ELGIEQUIP

#ELGIEQUIP Looking good for long term SL 149