Nifty support at 16750-16800 [25-01-2022]

On Monday, the US markets finished higher, with bargain hunters driving the indices into positive territory at the closing bell. Investors are anxious about the situation in Ukraine, and the outcome of the Fed’s scheduled policy review, thus Asian markets were trading in the red on Tuesday. Our research suggests that the levels of 16800-16750 may act as important support levels in the market. If the market sustained above the levels of 16800, We can expect the market to trade in the range of 16800-17300.

---

Nifty may fall to 16500 below 16950

In the short term, 16950 is the last resort of support for this market. If that breaks on a closing basis, we might plummet further to 16500-16550. On the upside, the resistance level is at 17400-17500. Traders can utilize upward corrections to sell this market.

---

Deepak Nitrite Falls The Most In Three Months On Q3 Miss

Shares of Deepak Nitrite Ltd. shed nearly 10%, the steepest intraday decline in three months, to Rs 2,129.05 apiece, after the company reported net income below the average analysts’ estimate in the quarter-ended December.

Deepak Nitrite Q3FY22 (Consolidated, YoY)

• Revenue up 39% at Rs 1,722.27 crore Vs Rs 1,234.69 crore
• Net profit up 12% at Rs 242.46 crore Vs Rs 216.56 crore
• Ebitda up 5% at Rs 351.85 crore Vs Rs 335.04 crore
• Margins at 20.4% Vs 27.1%

Of the 15 analysts tracking the company, 10 maintained ‘buy’, two maintained ‘hold’ and three maintained ‘sell’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 8%.

Source: Exchange Filing, Bloomberg

• Deepak Nitrite Falls The Most In Three Months On Q3 Miss [25-01-2022]
• Zomato share price falls more, down 32% in one week; Kotak Securities sees massive upside, stock may double
• Crude Oil Markets Forecast – Below $52 Sell 500 – 1000 Lots And Relaxx – Neal Bhai Reports
• Gold prices finished modestly lower to start Christmas week
• Gold Price Forecast – Gold continues to follow trend line – Christopher Lewis

सोशल मीडिया अपडेट्स के लिए हमें
Facebook ( https://www.facebook.com/goldsilverreports/ )
linkedin (https://www.linkedin.com/in/nealbhai/ )
 और Twitter ( https://twitter.com/goldsilverrepor ) पर फॉलो करें।

हमारी फ्री सर्विस और लोगो की paid सर्विस से कई गुना अच्छी है।
आपको हर दिन दिए जाएंगे 3 से 5 कॉल बिलकुल फ्री
हर CALL में PROFIT दिये जायेंगे
तो जल्दी से MCX CHANNEL को JOIN कर लो (NEAL BHAI REPORTS)
JOIN US CLICK HERE

EQUITY CHANNEL को JOIN कर लो (EQUITY FREE TIPS)
JOIN US CLICK HERE