Daily Report Of Nifty/Bank Nifty

Nifty Outlook:

On the newly-announced merger between Idea Cellular and Vodafone, the Idea stock may move close to the near term arbitrage between current market price and the deal price. “Going forward, you will have to take a business call based on earnings prospects,” he said but added that the sector will witness a “slugfest” thanks to Reliance Jio’s tariff war.
We Expect more bloodletting between players. That usually does not create shareholder value.

Bank Nifty Outlook:

India’s falling inflation rate gives the Reserve Bank of India (RBI) room to cut its policy rate to a more than six-year low to help an economy hit by a crackdown on cash. Two factors could let the RBI make its first cut since October to boost an economy dealt a major blow when Prime Minister Narendra Modi in November abolished high-value notes in a bid to target unaccounted cash. February rate cut is a better window than April as it complements the government’s affirmative step in the Budget towards fiscal consolidation.

Nifty 50 Gainers

Stock Price
GRASIM 1063.85
BHEL 171.50
EICHERMOT 25051.30

Nifty 50 Losers

Stock Price
IDEA 97.20
TCS 2476.10
INFY 1020.30
Nifty Resistance & Support

R1 / R2 9170/9240
S1 / S2 9080/9020