The Nifty opened at 15164.15 with a gap up of 49 points. Prices have initially traded choppy and sideways. Around 10:00 AM, the index started moving higher and recorded its intraday high at 15257.10. A sharp fall of almost 200 points in the last hour of trading brought prices to its intraday low around 15064.30. The Nifty finally closed at 15109.30. All the sectoral indices have closed with loss except Banks and Financials led by Pharma, Auto and Media.
We had suggested a trade no the long side. The trade was to buy either on a dip towards 14950 or breakout above 15150. Prices have first broken above 15150so our long trade got executed. We had suggested a stop of 100 points and target of 220 points. Prices have neither touched the stop nor the target so our trade remains intact.
The Nifty ended almost unchanged in a volatile trading session, taking a breather after a strong rally. The last two days have been very choppy. We can call it a pause in an ongoing uptrend. The Nifty continued recording its lifetime new highs and the index has touched 15250. This pause is normal as prices do not move in a straight line. They pause, correct and even see sharp dips giving us a trading opportunity.
Bank Nifty opened at 36058.80 with a gap up of 63 points. The index first went down and recorded its low at 35636.85 and then rallied more than 800 points to record its intraday high at 36447. Prices have seen another decline in the last hour of trading and finally closed at 36056. PSU Banks continued its underperformance for the second day while Private Banks have closed higher. Within the index,HDFC Bank contributed highest while SBIN the lowest.
We had suggested a long trade. The trade to buy on a dip towards to 35700. The index opened at 36058 and immediately went just below 35700 where out long trade was executed. A short term resistance is visible around 36500 as prices have tried breaking this for last 3 days/
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|LT||1566.45||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1545 and for the target 1600.|
|MFSL||738.05||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 725 and for the target 755|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|AUROPHARMA||960 CE||BUY||51.20||CMP||40||67||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|FINNIFTYW.21.02 Feb||16861.45||0.15||1377.78||5320||BALKRISIND.21.02 Feb||1658||-9.89||92.35||2765200|
|VOLTAS.21.02 Feb||1085||3.95||52.29||3786000||TORNTPHARM.21.02 Feb||2564.75||-6.66||62.79||1330000|
|TATACHEM.21.02 Feb||580.95||7.99||35||8856000||POWERGRID.21.02 Feb||210.9||-0.4||21.11||14412000|
|BERGEPAINT.21.02 Feb||768||1.84||14.86||3545300||ITC.21.02 Feb||227.25||-1.69||13.5||118857600|
|MRF.21.02 Feb||94900||4.08||14.54||55940||BANKBARODA.21.02 Feb||79.7||-0.69||11.2||75979800|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|JINDALSTEL.21.02 Feb||312.4||1.35||-3.15||23360000||SUNTV.21.02 Feb||520.3||-4.92||-8.22||11178000|
|IDFCFIRSTB.21.02 Feb||50.05||2.04||-1.16||164426000||RAMCOCEM.21.02 Feb||931.25||-0.51||-3.91||1818150|
|HDFCLIFE.21.02 Feb||710.9||3.37||-0.67||9245500||COFORGE.21.02 Feb||2556||-2.4||-2.49||425250|
|TATACONSUM.21.02 Feb||598.85||0.03||-0.47||15344100||DIVISLAB.21.02 Feb||3750||-1.01||-2.18||3084600|
|RELIANCE.21.02 Feb||1963.25||0.23||-0.14||29379500||TATASTEEL.21.02 Feb||702.55||-0.55||-1.39||41253900|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Icici Lombard General In||1512.8||2.7||1312996||590332||81.13||Nifty Bank||36056.5||0.2||85095|
|Sbi Life Insurance Compa||888.7||3.45||4311868||1238056||65.17||Nifty Energy||17685.4||0.12||85095|
|Torrent Power Limited||326||1.05||2018962||824166||61.61||Nifty 50||15109.3||-0.04||85095|
|Petronet Lng Limited||242.35||0.12||3824465||2342384||60.33||Nifty it||25779.15||-0.53||85095|
|Hindustan Unilever Ltd||2216.25||-0.91||3131481||1640042||58.98||Nifty Fmcg||34231.3||-0.64||85095|
|Dabur India Ltd.||525.15||1.3||4281247||1527090||57.25||Nifty Realty||345.8||-0.67||85095|
|Hdfc Ltd.||2747.05||0.5||5586584||2156322||56.63||Nifty Metal||3513.65||-1.09||85095|
|Colgate Palmolive (india||1585.4||-0.24||631437||251167||54.67||Nifty Pharma||12812.8||-1.22||85095|
|Indus Towers Limited||253.7||5.73||21502470||3519451||52.17||Nifty Media||1706.8||-1.87||85095|
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UPCOMING ECONOMIC DATA
|INR: CPI (YoY) (Jan) on 12th February, 2021
INR: Industrial Production (YoY) (Dec) on 12th February, 2021
|•USD : API Weekly Crude Oil Stock on 10th February, 2021
•USD : Core CPI (MoM) (Jan) on 10th February, 2021
|•Bharat Petroleum Corp. is looking to complete sale of its stake in the Assam-based Numaligarh Refinery Ltd. by the end of March. “We are hopeful that if the government approvals are there in the manner we work, then we will be able to close this by March 31 this year,” N Vijayagopal, director, finance at BPCL, told BloombergQuint in an interaction. The oil marketing company will sell its 61.65% holding in the refinery to state-owned peers and the Assam government ahead of its own planned strategic sale that will see the government cede control.
•Sun TV is planning to invest around Rs 500 crore in its digital initiative Sun Nxt, to strengthen its regional channels and acquire movies. Of the proposed amount, some Rs 250 crore will be spent on Sun NXT, while sizeable investments will go to Bengali and Marathi channels, which it sees as larger markets than Malayalam.
•Adani Ports & Special Economic Zone Ltd.’s quarterly profit rose, beating estimates, as acquisition of the Krishnapatnam port in October last year boosted volumes of India’s largest port operator. Net profit rose 15% over the preceding year to Rs 1,561.5 crore in the quarter ended December, according to its exchange filing.
•Godrej Consumer Products Ltd. will increase prices of soaps for the second straight quarter as input costs rise. Godrej Consumer’s larger peer Hindustan Unilever Ltd., the nation’s biggest consumer goods maker, also increased prices of soaps by 2.5% in the previous quarter and plans to raise prices of cleansing products by another 2.5%.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ASAHIINDIA||General;Quarterly Results||10-Feb-21||NBCC||Quarterly Results||10-Feb-21|
|ASIANTILES||Quarterly Results||10-Feb-21||NLCINDIA||Interim Dividend;Quarterly Results||10-Feb-21|
|AWHCL||Quarterly Results||10-Feb-21||PAGEIND||Interim Dividend;Quarterly Results||10-Feb-21|
|BANCOINDIA||Quarterly Results||10-Feb-21||PGHL||Quarterly Results||10-Feb-21|
|BANKINDIA||Quarterly Results||10-Feb-21||RELIGARE||Quarterly Results||10-Feb-21|
|BATAINDIA||Quarterly Results||10-Feb-21||RELTD||General;Quarterly Results||10-Feb-21|
|BEML||Interim Dividend;Quarterly Results||10-Feb-21||RUCHISOYA||Quarterly Results||10-Feb-21|
|BLUECHIP||Quarterly Results||10-Feb-21||SHANTIGEAR||Interim Dividend;Quarterly Results||10-Feb-21|
|EICHERMOT||Quarterly Results||10-Feb-21||SPICEJET||Quarterly Results||10-Feb-21|
|ESABINDIA||Interim Dividend;Quarterly Results||10-Feb-21||STARTECK||Quarterly Results||10-Feb-21|
|GREAVESCOT||Quarterly Results||10-Feb-21||SUPRAJIT||Interim Dividend;Results;Buy Back||10-Feb-21|
|HINDALCO||Quarterly Results||10-Feb-21||SUVENPHAR||Interim Dividend;Quarterly Results||10-Feb-21|
|IGL||Quarterly Results||10-Feb-21||TTKPRESTIG||Quarterly Results||10-Feb-21|
|IOLCP||Quarterly Results||10-Feb-21||UGARSUGAR||General;Quarterly Results||10-Feb-21|
|MAXINDIA||Quarterly Results||10-Feb-21||UJJIVAN||Quarterly Results||10-Feb-21|
|METROPOLIS||Interim Dividend;Quarterly Results||10-Feb-21||WABCOINDIA||Quarterly Results||10-Feb-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|COROMANDEL||10-Feb-21||Interim Dividend – Rs. – 6.00||TCI||10-Feb-21||Interim Dividend – Rs. – 1.20|
|DCW||10-Feb-21||E.G.M.||ALKEM||11-Feb-21||Interim Dividend – Rs. – 25.00|
|KPRMILL||10-Feb-21||Interim Dividend – Rs. – 3.7500||APCOTEXIND||11-Feb-21||Interim Dividend – Rs. – 1.50|
|MANAPPURAM||10-Feb-21||Interim Dividend – Rs. – 0.6500||BAJAJCON||11-Feb-21||Interim Dividend – Rs. – 6.00|
|PGHH||10-Feb-21||Interim Dividend – Rs. – 85.00||BALRAMCHIN||11-Feb-21||Interim Dividend – Rs. – 2.50|
|SUBEX||10-Feb-21||Interim Dividend – Rs. – 0.50||BLS||11-Feb-21||Interim Dividend – Rs. – 0.2500|
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