DEAL DAY : RELIANCE & FB

Kotak Equities on RIL-FB deal

1. FB's invst comes in as a stamp of approval

2. Commercial pact with WhatsAPP sets course for an accelerated rollout of new commerce retail venture

3. Kick-starts deleveraging for RIL

Reiterate BUY, FV Rs.1700

>>>>>>>>> Breaking | Facebook invests Rs 43,574 crore in Reliance Jio

Global setup
- US markets closed in red thanks to crude oil
- Dow futures trading up
- Heavy volatility in crude oil
- June futures for crude oil also down
- The US approves home testing kits for corona

IT's a CRUDE bloodbath !!

Good morning ,



Going Forward #NIFTY 9400 would remain crucial resistance i would be cautious here ..Fresh long for me would be at least 2 consecutive closing above the 9400 mark with a follow through else we may retrace all the way back to 9175 to 9040 back again !! #justview




21-04-2020 09:26:17 : ADVISORY CALL FOR THE WEEK:

SELL RBLBANK 30April2020 FUT CMP 114  SL 117 TGT 108
SELL PVR 30April2020 FUT CMP 1020  SL 1051 TGT 959
SELL JSWSTEEL 30April2020 FUT CMP 161 SL 166 TGT 151



IT stocks facing the heat today

1) Infosys commentary was cautious

2) Trump says will sign executive order to temporarily suspend immigration into US

3) IBM is withdrawing its full-year 2020 guidance in light of COVID-19 crisis

STOCK MARKET @ 20.04

ICICI Bank falls sharply after source-based reports of co not aware of losses of Hin Leong. ICICI Bank has an exposure of $100 m to oil trader Hin Leong by way of cargo financing. Bank hopes to arrest vessels of ocean tanking, a unit of oil trader Hin Leong..



BULL CALL SPREAD IN BANKBARODA
Leg 1:  BUY BANKBARODA 50 CALL @ Rs. 5.15
Leg 2:  SELL BANKBARODA 55 CALL @ Rs. 2.70

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CORONA UPDATE :

Stock Market & India

GOOD MORNING INDIA,

TODAY IS HOLIDAY FOR STOCK MARKET

#MOUnscramble - Can you Unscramble the word?