Cochin Shipyard, Gail India, KRBL, Chennai Petroleum could turn a profit this week

Last week saw a surge in Indian stock markets on the global front as a result of geopolitical tensions, fears of a new variant of the Corona and economic worries. With the start of Corporate India’s quarterly results season at the end of March 2022, every rise in stocks has been cautious.

With rising petrol and diesel prices spiraling out of control, there are signs that industrial units will be hit hard and even at the local level, rising to a 17-month high. , And amid concerns over Corona’s growing nuisance with geopolitical tensions, local funds, along with foreign funds, are also cautiously manipulating portfolios in the Indian stock market.

Nifty Future Technical Level

Nifty Futures Close (17519): Strong Stop Loss of 17606 points and 17676 points is likely to touch the critical level of 17474 points to 17404 points, 17373 points. Carefully position around 17676 points.

Bank Nifty Future Technical Level
Bank Nifty Future Closed (37576): The next fluctuation is likely to touch the very important level of Bank Nifty Future at 37003 points to 37007 points, 36808 points in terms of the first and 38303 points of the most important strong stoploss trading. Carefully position around 38008 points.

Future Traders Stock Specific Technical Level
Godrej Properties (1602): As per technical chart, this futures stock is worth Rs. Purchased from 1570 support. The stock of the residential and commercial projects sector has risen to Rs. 1647 to Rs. 1670 is likely to be quoted.

Muthoot Finance (1320): The stock is trading at Rs. The first of 1297 as well as Rs. 1280 has another very important support. With regard to futures trading, the fundamental stock is trading at Rs. 1347 to Rs. Will point to a boom up to 1360.
Indigo (1897): This stock with a futures of 250 shares is trading at Rs. Purchased from the first 1860 as well as strong support of Rs.1844. The stock of the airline sector is trading at Rs. 1933 to Rs. Prices are likely to touch up to 1770.

Grasim Industries (1764): Rs. The stock was sold at around Rs. With the strong support of 1808, Rs. 1737 to Rs. 1717 is likely to show the price. Rs. Positive breakout over 1818.

Havells India (1275): Rs. The stock is trading at Rs. 1309 stoploss for sale. In the short run, Rs. 1260 to Rs. It is likely to show a price of 1244. Rs. Bullish focus on 1320.

Max Financial Services (785): Rs. The stock is for sale at around Rs. 808 with strong support of Rs. 767 to Rs. The price of 755 is likely to show. Rs. Positive breakout over 818.

Investment oriented stock for investors
Cochin Shipyard (337): The share price of this leading company of Shipbuilding & Allied Services Group is currently Rs. 323 has prevailed around. Rs. The stock, which can be bought with a stoploss of 316, has risen to Rs. 353 to Rs. 360 is likely to be quoted. Rs. 373 on bullish focus.

Mazagon Dock Shipbuilders (303): Rs. Positive breakout around 288. Rs. The stock is worth Rs. 318 to Rs. 330 is likely to be quoted.

Rights Limited (280): Rs. 262 first as well as Rs. With the second support of 247, the stock has been trading at Rs. 293 to Rs. A bullish trend of up to 303 will indicate a trend.

Garden Reach Shipbuilders (300): The stock of the aerospace & defense sector is trading at Rs. 317 to Rs. Has a price potential of 330. Rs. Take a non-stop look at 288.

KRBL Limited (245): Rs. The first of 233 as well as Rs. With the support of 218, the investment-oriented stock of the agricultural products sector has risen to Rs. 262 to Rs. Likely to touch a price level of up to 270.

Alicon Engineering (187): The stock is likely to raise Rs. 173 Deliverybase investment from support around Rs. 196 to Rs. 202 is likely to show a price level.

Chennai Petroleum (173): The nearest first Rs. Strong stoploss of 160 is estimated at Rs. 183 to Rs. A potential price of 190 is possible.

Gail (India) Ltd. (167): As per technical chart, this stock of gas transmission / marketing sector is worth Rs. Investors around Rs 160. 176 to Rs. Invest in phases with the possibility of a target price of 188. In the short run, Rs. Note the non-stop of 147.

The future direction of the market

Like the Iraq war, the Ukraine-Russia war is becoming a non-event. The Fed’s aggressive policy on rate hikes comes as inflation in the US hit a new four-decade high in March and later in February. The Fed raised interest rates by 25 basis points for the first time in three years. The Fed is likely to raise interest rates by 2.75% in phases at its next meeting.

The biggest challenges for India’s economy are the volatility in global crude oil prices and rising interest rates due to the expected rise in the US Federal Reserve in the coming days, and the continued sell-off in shares of foreign portfolio investors – FPIs. With geopolitical tensions still lingering and global factors uncertain with the inflation factor now that the corporate results season has begun, the Indian stock market is likely to see a two-way fluctuation with global markets in anticipation of corporate results in the coming days.