NIFTY:
The nifty opened at 17906.45 with a gap up of 51 points. The index did not sustain there and started drifting downwards after recording its intraday high at 17912.85. A sharper down move came in the afternoon and the index recorded its intraday low at 17576.10. After that the index started moving on the downside. Prices rose almost 100 points in the last hour of trading and finally closed at 17748.60 with a loss of 106.5 points. The Realty sector underperformed and ended with a loss of more than 3% together with the IT sector that ended 2.20% lower. Metal and Pharma outperformed and ended with some gains.
The last two days were very narrow in the Nifty which led the index to a wide range day. A gap up opening did not sustain. Prices have first seen a decline of more than 300 points and then some recovery of almost 100 points. The index got nervous around a psychological level of 18000 and fell. We should look at the decline as a correction of an on going up move. Prices have moved very volatile and are likely to continue that movement till the Expiry on 30th September.
BANK NIFTY:
Bank Nifty opened at 38360 with a gap up of 189 points. The index recorded its intraday high at 38377.25 within the first 5 minutes of trading and then started moving down. A sharp downside move brought prices to its intraday low at 37315.20. Prices have seen a sharp up move afterwards and closed with a loss of about 300 points.
PSU Banks have outperformed and closed with a gain of 1.24%. On the other hand, Private Banks have underperformed and closed lower by 0.74%. Within the index, Kotak Bank contributed highest while ICICI Bank the lowest. Bank Nifty moved in a wide range and ended with a loss. A gap up opening did not sustain. Prices have seen a sharp intraday decline of more than 1000 points and then a rally of more than 500 points.
TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| SUNPHARMA | 775 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 760 and for the target 800 |
| HINDPETRO | 291.6 | BUY | The stock has given a breakout from a narrow trading range. The stock can be sold at CMP with a stop at 285 and for the target 300 |
DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| SBIN | 450 CE | BUY | 3.15 | CMP | 1 | 6 | OI increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| SIEMENS.21.09 Sep | 2105 | 0.24 | 35.66 | 2027575 | MPHASIS.21.09 Sep | 3151 | -2.21 | 35.85 | 1390350 | |
| ONGC.21.09 Sep | 141.6 | 0.85 | 28.42 | 50666000 | FEDERALBNK.21.09 Sep | 81.1 | -0.61 | 22.62 | 67060000 | |
| GODREJCP.21.09 Sep | 1054.1 | 1.37 | 20.66 | 4941000 | SHREECEM.21.09 Sep | 29230.05 | -1.1 | 20.03 | 158950 | |
| HINDPETRO.21.09 Sep | 293 | 5.21 | 14.65 | 18462600 | METROPOLIS.21.09 Sep | 2810.2 | -4.73 | 19.62 | 237800 | |
| POWERGRID.21.09 Sep | 184.15 | 4.33 | 14.03 | 28563548 | DEEPAKNTR.21.09 Sep | 2397.8 | -1.89 | 17.97 | 1867500 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI% | OI | Stocks | Price | Price % | OI % | OI | |
| RECLTD.21.09 Sep | 159.65 | 5.31 | -13.46 | 14388000 | ICICIGI.21.09 Sep | 1560 | -0.14 | -26.34 | 1701700 | |
| NMDC.21.09 Sep | 140.95 | 0.71 | -12.53 | 41439500 | MANAPPURAM.21.09 Sep | 169.65 | -1.77 | -25.72 | 10188000 | |
| HAL.21.09 Sep | 1345 | 0.35 | -12.38 | 1005100 | AARTIIND.21.09 Sep | 932.75 | -0.42 | -23.19 | 1613300 | |
| DRREDDY.21.09 Sep | 4859.95 | 1.44 | -11.46 | 1549125 | IBULHSGFIN.21.09 Sep | 227.15 | -3.4 | -18.33 | 23501100 | |
| JSWSTEEL.21.09 Sep | 661.45 | 1.75 | -11.35 | 15444000 | BOSCHLTD.21.09 Sep | 15724.95 | -0.76 | -15.92 | 77900 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Indraprastha Gas Limited | 516.6 | -1.54 | 3815517 | 1758793 | 72.22 | Nifty Energy | 22449.35 | 2.01 | 79485 | |
| Sun Pharma Ltd | 775.1 | 1.58 | 4938824 | 2017591 | 70.48 | Nifty Metal | 5534.6 | 0.55 | 79485 | |
| Hindustan Unilever Ltd | 2723.85 | 0.53 | 1078052 | 1014019 | 69.17 | Nifty Pharma | 14171.6 | 0.11 | 79485 | |
| Piind | 3114.55 | -1.1 | 287815 | 250347 | 68.76 | Nifty Fmcg | 40682.95 | -0.09 | 79485 | |
| Hcl Technologies Ltd. | 1269 | -2.02 | 8572321 | 5199330 | 67.93 | Nifty Bank | 37945 | -0.59 | 79485 | |
| Power Grid Corporation o | 183.95 | 4.52 | 29155220 | 2603800 | 66.69 | Nifty 50 | 17748.6 | -0.6 | 79485 | |
| Infosys Limited | 1687.1 | -1.98 | 6557197 | 3353897 | 66.48 | Nifty Auto | 10695.95 | -0.64 | 79485 | |
| Coromandel International | 799 | 0.23 | 804322 | 532359 | 65.45 | Nifty Media | 2152.1 | -1.66 | 79485 | |
| Hdfc Ltd. | 2804.95 | -1.23 | 2645677 | 1741306 | 64.87 | Nifty it | 35239.95 | -2.2 | 79485 | |
| Larsen & Toubro Limited | 1737.15 | -0.14 | 1442615 | 1067444 | 64.67 | Nifty Realty | 500.7 | -3.02 | 79485 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: Infrastructure Output YoY Aug on 30th September, 2021
INR: Government Budget Value Aug on 30th September, 2021 |
•USD: Crude Oil Inventories on 29th September, 2021
•USD: Pending Home Sales (MoM) (Aug) on 29th September, 2021 |
NEWS UPDATES
| •CRISIL Ratings has upgraded its long term rating on the bank facilities and debt programme of Bharti Airtel Limited (BAL) to ‘CRISIL AA+/Stable’ from ‘CRISIL AA/Stable’, and has reaffirmed the ‘CRISIL A1+’ rating on the commercial paper programme. CRISIL Ratings has withdrawn its rating on Rs 1,500 crore non-convertible debentures (NCDs) of BAL, as they have been fully repaid. CRISIL Ratings has received confirmation of no dues against these NCDs from the debenture trustee. The rating action is in line with the CRISIL Ratings policy on withdrawal of rating on NCDs.
•Direct-to-Home service provider Dish TV has got a breather, as the Registrar of Companies has granted the company an extension of two months to call an Annual General Meeting (AGM) from the due date by which it ought to have been held. Subsequently, the Essel Group firm, which is facing a notice from its minority shareholder Yes Bank to remove its Managing Director Jawahar Goel along with four other directors from the board, has postponed the AGM, which was scheduled to be held on September 27. •Tata Consultancy Services Ltd (TCS) has bagged a five-year IT transformation contract from NORD/LB, a leading German commercial bank that is targeting a new business model by 2024 with a more agile operating model. •Tata Motors on Tuesday rolled out the 1,00,000th unit of its hatchback Altroz, from the company’s manufacturing facility at Pune. The city-headquartered vehicle maker had commenced Altroz production at the fag-end of November 2019. It launched the vehicle in January 2020. Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint |
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| ARAMBHAN | General | 29-Sep-21 | APOLLO | General | 30-Sep-21 |
| EIS | Voluntary Delisting of Shares | 29-Sep-21 | DHANVARSHA | General | 30-Sep-21 |
| GOKULAGRO | Preferential Issue of shares | 29-Sep-21 | ESHAMEDIA | A.G.M. | 30-Sep-21 |
| INDOWIND | Right Issue of Equity Shares | 29-Sep-21 | GBGLOBAL | General | 30-Sep-21 |
| JAYATMA | Scheme of Arrangement;General | 29-Sep-21 | GENUSPAPER | General | 30-Sep-21 |
| KINGSINFR | General | 29-Sep-21 | HINDEVER | Stock Split | 30-Sep-21 |
| PANTH | General | 29-Sep-21 | NAVBLDR | Issue Of Warrants | 30-Sep-21 |
| PBAINFRA | General | 29-Sep-21 | RELTD | General | 30-Sep-21 |
| SHABCHM | A.G.M. | 29-Sep-21 | SANTETX | Issue Of Warrants | 30-Sep-21 |
| SINDHUTRAD | Quarterly Results | 29-Sep-21 | SOFTSOL | General | 30-Sep-21 |
| TECHNOFAB | Quarterly Results | 29-Sep-21 | VAICC | A.G.M. | 30-Sep-21 |
| AFEL | General | 30-Sep-21 | VISHWARAJ | Stock Split;General | 30-Sep-21 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| ECLERX | 29-Sep-21 | Buy Back of Shares | ALPHALOGIC | 05-Oct-21 | Stock Split From Rs.10/- to Rs.5/- |
| GKP | 29-Sep-21 | Bonus issue 1:1 | ANUPAM | 06-Oct-21 | Stock Split From Rs.10/- to Rs.1/- |
| CLEDUCATE | 30-Sep-21 | Stock Split From Rs.10/- to Rs.5/- | AFFLE | 07-Oct-21 | Stock Split From Rs.10/- to Rs.2/- |
| UNIAUTO | 30-Sep-21 | Final Dividend – Rs. – 0.50 | DCMSRMIND | 08-Oct-21 | Stock Split From Rs.10/- to Rs.2/- |
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