OutlookNIFTY:

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:

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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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
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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DERIVATIVE PICKS

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
Sectors Price Change % Quantity
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
Nestleind 17318.95 0.59 121012 64563 53.09 Nifty Auto 10907.6 -1.39 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

   Domestic                                                                                                                                                  International
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

NEWS UPDATES

•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

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BOARD MEETING

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

CORPORATE ACTION

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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