PRE MARKET ACTION

March 7, 2024

22,639

+ 48

+ 75 + 26 + 95 - 75

? Fed Chair Powell Testimony ? ECB Interest Rate Decision. ? China Import, Export , Trade balance No's (Feb.) ? US Jobless Claim , Import and Export No's

7 March 2024

+ 2766 + 2149

HAL CMP (3230)

Company has signed an amendment to the LCA IOC Contract, value has been revised to 5,078 Crore from 2,701 Crore.

3220

POSITIVE 3242 | 3250

IGL (430)

Company reduces CNG prices in Delhi by Rs 2.5/kg to Rs 74.09/kg.

NEGATIVE

418

434 | 437

Subex CMP (36)

Company wins a deal witha telecom operator in Southeast Asia.

POSITIVE

35

38 | 40

7 March 2024

Jupiter Wagon CMP (364)

Ministry of Railways has placed an offer for manufacture and supply of 2,237 numbers of BOSM Wagons for a contract value of 957 crores.

POSITIVE

358

372 | 378

Prestige Estates CMP (1195)

Company launchedluxury residential project inBengaluruwitha revenue potential of 800 crore.

1187

POSITIVE 1209 | 1215

March 07, 2024

(CMP 22474.05)

Short term trend Positive

Upper Boundary ? 23000 Lower Boundary ? 21000

22400 22550

22300 22650

Buy near 22450 with a stop loss of 22350 tgt 22550/22600

(CMP 47965.40)

Short term trend Positive

Upper Boundary - 49000 Lower Boundary - 46500

47800 48100

47600 48300

Buy near 47800 with a sl of 47600 tgt 48100/48200

1. SUNPHARMA

2. SBILIFE

1. ABFRL

2. PEL

March 07, 2024

TECHNICAL VIEW

FINNIFTY (CMP ? 20986.15)

Short-term Trend Positive

Upper Boundary - 22000 Lower Boundary ? 20000

S1: 20900 S2: 20800 R1: 21050 R2: 21150

Strategy for the Day Buy near 20900 with a sl of 20800 tgt 21000/21100

Nifty Midcap Select (CMP ? 10882.55)

Short-term Trend; Positive

Upper Boundary ? 11500 Lower Boundary - 10500

S1: 10850 S2: 10750 R1: 10950 R2: 11000

Strategy for the Day Buy near 10850 with a sl of 10750 tgt 10950/11000

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