Nifty moved in a range of 100 points throughout the session and formed an Inside Bar on the daily chart, suggesting the ongoing consolidation in the market.
ETMarkets.com
F&O: VIX remains high
India VIX remained flattish and closed at 23.34 level. Now, the VIX needs to hold below 20 zone for continuation of the ongoing momentum. While some Call writing was seen at 15,000 and 14,700 levels, there was unwinding at strike prices 14,000 and 14,500. Maximum Put open interest was seen at 14,000 followed by 13,500 level, while maximum Call OI was at 15,000 followed by 14,500 levels. Options data suggested a wider trading range between 14,300 and 15,000 levels.
Stocks showing bullish bias
Momentum indicator Moving Average Convergence Divergence (MACD) on Tuesday showed bullish trade setup on the counters of Tata Motors, SBI, Ashok Leyland, Federal Bank, Zee Entertainment, Axis Bank, NCC, HDFC Bank, L&T, Indian Bank, Ambuja Cements, Shriram Transport Finance, Havells India, Sanghi Industries, Bajaj Finance, City Union Bank, Voltas, Orient Cement, Minda Corporation, Jain Irrigation, UltraTech Cement, Century Textiles, Redington (India), The Ra
J. Kumar Infraprojects jumped 3.83% to Rs 150.40 after the construction company received a letter of acceptance (LoA) from Gujarat Metro Rail Corporation (GMRC).
The contracy is for design, construction and completion of underground stations and tunnel from Surat Railway station to Chowk Bazar Ramp worth Rs 866 crore. The announcement was made during trading hours today, 11 January 2021.
J. Kumar Infraprojects net profit tumbled 87.3% to Rs 7.11 crore on a 24.5% decline in net sales to Rs 477.39 crore in Q2 September 2020 over Q2 September 2019.
J Kumar Infraprojects is a construction company based in Mumbai.
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