Axis Direct Presents Daily Morning Note - 28 September 2022

Hello everyone, welcome to Popcorn by Axis Direct, a podcast that simplifies the world of

investing for you.

Let's know how the market is looking today, as we bring you the twits at a through the daily

morning note, starting with the overview of the markets.

Ancient markets were trading lower, tracking mixed use from Wall Street overnight.

In the case, trading lower by 1.73%, Shanghai is trading lower by 0.69%,

and Hanksing is trading lower by 2.03%.

Engine indices are expected to open lower, as GX50 was trading lower by 1%.

Nifty opened with an upward gap and witnessed selling for the first part of the session.

However, 200DMA provides a caution to recover some of the losses.

Nifty closed at 17,7% with the loss of 9 points.

Nifty futures closed at 17,9% on a negative note, with the 15.44% decrease in the open interest,

indicating long and winding.

Nifty futures closed at the premium of 11 points, compared to the previous days,

premium of 13 points. Now, let's jump to the market news. LIC has acquired an additional 2.0

person stake in Bharat Petroleum Corporation via open market transactions.

Torrent pharmaceuticals has acquired Curay's shoe health care, which has a strong presence in

the cosmetic dermatology segment with the portfolio of over 50 brands for Rs 2000.00.

And, IFCI's board of directors has approved the preferential issue of equity shares up to

Rs 100 crores for financial year 2023 to the government of India.

Moving ahead, here are the technical picks for the day.

Bharat 4ch with sell below at 700, stop loss at 707 and target price between 6.93 to 6.86.

And, habits in India, with viable at 1329, stop loss at 1315 and target price between 1342

to 1355. And now, let's have a look at stock futures.

Prompting griefs consumer electricals, united breweries,

alchum laboratories and addiction technologies fall under long build up,

whereas Bharat electronics, Ashok Leiland, Bharat 4ch and Deepak Night Red Limited fall

under short build up. That's it for today. We will see you back tomorrow morning with fresh

updates of the market right here at Popcorn by Axis Direct. Till then, happy trading.

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