The Nifty opened at 14816.85 with a gap up of 92 points. The index first moved up and recorded its intraday high at 14863.05. Prices then started drifting downwards. The index has fallen almost 100 points from its intraday high and recorded its intraday low at 14765.50. Prices again saw a mild rally of almost 80 points from the low and finally closed at 14823.15. All the sectoral indices have closed in green with minor gains led by Metal which ended with a gain of more than 5%. We had suggested a trade in the direction of the breakout. The trade was to buy above 14780 or sell below 14600. The index opened above 14780 and recorded a high of around 14855 so we went long there. We have suggested a stop of 100 points and a target of 180 points. Neither the stop or target have hit. So stay long with a stop at 14750 and a target at 15050.
The Nifty opened with a gap up but prices have seen a sharp intraday fall and almost filled the gap. However, another sharp surge in the second half helped the index to end above 14800.
Bank Nifty opened at 33041.65 with a gap up of 166 points. The index first moved up and recorded its intraday high at 33259.15. Prices then saw a sharp fall and recorded its intraday low at 32771.35. The index then traded sideways in the second half. PSU Banks continued its underperformance and closed lower while Private Banks outperform and closed higher. Within the index, HDFC Bank contributed highest while Kotak Bank the lowest.
We had suggested a trade in the direction of the breakout. The trade was to buy above 33100 while see below 32300. The index opens below 33100 and crossed this level intraday so our long trade was executed there. Stay long with a stop at 32700 and a target of 34000.
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|HDFC||2496.75||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 2470 and for the target 2540.|
|GLENMARK||591.50||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 580 and for the target 610.|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|MANAPPURAM||155 CE||BUY||5.55||CMP||4||8.5||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|SBILIFE.21.05 May||1003.35||3.2||38.06||9536250||SRF.21.05 May||6295.95||-8.41||26.43||678000|
|NATIONALUM.21.05 May||75.65||9.56||20.93||103615000||RAMCOCEM.21.05 May||968.3||-1.5||14.05||1773100|
|ALKEM.21.05 May||2917.25||1.36||10||288200||HDFCAMC.21.05 May||2737.05||-0.44||13.25||783000|
|GLENMARK.21.05 May||596.1||4.03||9.67||9237950||TATACONSUM.21.05 May||632||-3.28||11.54||8182350|
|MANAPPURAM.21.05 May||152.7||1.73||8.71||24192000||AUBANK.21.05 May||928||-3.5||10.41||3366500|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|FINNIFTYW.21.05 May||15788||0.93||-98.63||560||BHEL.21.05 May||58.05||-0.43||-8.81||118755000|
|NAM-INDIA.21.05 May||351.65||1.27||-5.21||1456000||BHARATFORG.21.05 May||637||-1.26||-2.53||6238500|
|ESCORTS.21.05 May||1162.7||2.05||-4.77||3262600||MPHASIS.21.05 May||1848||-0.55||-2.24||425425|
|BRITANNIA.21.05 May||3471.05||0.21||-4.22||1724000||LUPIN.21.05 May||1201.6||-0.22||-2.13||8952200|
|RBLBANK.21.05 May||185.7||0.19||-3.48||25969500||AMBUJACEM.21.05 May||313.7||-0.33||-1.95||16596000|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hindustan Unilever Ltd||2411.2||0.89||1169518||859797||62.41||Nifty Metal||5335.85||4.73||101475|
|Power Grid Corporation o||214.55||-0.39||7036647||5960554||56.29||Nifty Realty||307.65||0.75||101475|
|Torrent Power Limited||416.05||0.86||819608||581379||54.65||Nifty 50||14823.15||0.67||101475|
|Hdfc Asset Management Co||2718.65||-0.49||420702||150673||54.45||Nifty Energy||18295.6||0.65||101475|
|Mah & Mah Ltd.||767.4||2.68||4833670||1971586||53.83||Nifty Bank||32904.5||0.23||101475|
|Tech Mahindra Limited||980.95||0.31||2002597||2445659||52.93||Nifty Fmcg||34123.5||0.22||101475|
|Larsen & Toubro Infotech||3768.6||-1.15||269501||273024||52.77||Nifty Auto||9819.45||0.04||101475|
|Alembic Pharmaceuticals||941.7||0.05||513513||358661||52.14||Nifty it||26269.45||0.04||101475|
|Asian Paints Limited||2551.65||0.1||1416102||791365||52.13||Nifty Pharma||13747.1||0||101475|
UPCOMING ECONOMIC DATA
|INR: Industrial Production YoY MAR on 12th May, 2021
INR: CPI Inflation Rate YoY APR on 12th May, 2021
|•USD: EIA Short-Term Energy Outlook (US) on 11th May, 2021
•USD : CPI Inflation (US) on 12th May, 2021
|•UltraTech Cement Ltd.’s fourth-quarter profit rose surpassing estimates, aided by lower costs. The cement maker’s net profit rose 12% quarter-on-quarter to Rs 1,775 crore in the three months ended March, it said in an exchange filing. That compares with the Rs 1,645-crore consensus estimate of analysts tracked by Bloomberg. Revenue rose 17.5% over the preceding quarter to Rs 14,406 crore. Analysts polled by Bloomberg had projected Rs 13,460 crore.
•Avenue Supermarts Ltd.’s profit beat estimates in the quarter ended March as economic activity picked up. Net profit of the operator of the DMart chain of hypermarkets fell 8% quarter-on-quarter to Rs 434.9 crore, according to its exchange filing. That compares with the Rs 371.6-crore average estimate of analysts tracked by Bloomberg. Revenue fell 2% sequentially to Rs 7,303.1 crore compared with the Rs 7,238-crore estimate.
•Cadila Healthcare Ltd. plans to submit trial data for its Covid-19 vaccine by end of May and is looking for an approval in June, Financial Express reported citing Sharvil Patel, managing director of Cadila.
•Bandhan Bank Ltd.’s quarterly profit fell as provisions rose against an elevated level of bad loans. Net profit fell 80% year-on-year to Rs 103 crore in the January – March quarter, it said in an exchange filing. Analysts polled by Bloomberg had estimated a net profit of Rs 947 crore. Net interest income, or core income, rose 4.6% to Rs 1,757 cr. The bank’s gross non-performing asset ratio fell to 6% in the quarter ended March, from 7.1% on a pro forma basis as on Dec. 31. Its net NPA rose to 3.5% from 2.4% in the previous quarter.
•Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|APLAB||General;Right Issue of Equity Shares||10-May-21||INTELLECT||Audited Results||10-May-21|
|ARTEMISMED||Audited Results||10-May-21||JMCPROJECT||General;Final Dividend;Audited Results||10-May-21|
|CHAMBLFERT||Final Dividend;Audited Results||10-May-21||LESHAIND||General||10-May-21|
|DENORA||General;Dividend;Audited Results||10-May-21||NUTRICIRCLE||General;Audited Results||10-May-21|
|EMERALL||General;Stock Split||10-May-21||OAL||Audited Results||10-May-21|
|ESCORTSFIN||Quarterly Results;Audited Results||10-May-21||OIVL||Audited Results||10-May-21|
|GODAVARI||General||10-May-21||PAUSHAKLTD||Final Dividend;Audited Results||10-May-21|
|GYTRIPA||Quarterly Results;Audited Results||10-May-21||PPAP||General;Final Dividend;Audited Results||10-May-21|
|HFCL||Final Dividend;Audited Results||10-May-21||VENKYS||Final Dividend;Audited Results||10-May-21|
|HINDAPL||Voluntary Delisting of Shares||10-May-21||VINYLINDIA||Dividend;Audited Results||10-May-21|
|HSIL||Dividend;Audited Results||10-May-21||ZYDUSWELL||Final Dividend;Audited Results||10-May-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ALKYLAMINE||11-May-21||Stock Split From Rs.5/- to Rs.2/-||NCLIND||12-May-21||Interim Dividend – Rs. – 1.50|
|LAURUSLABS||11-May-21||Interim Dividend – Rs. – 0.80||OFSS||17-May-21||Interim Dividend – Rs. – 200.00|
|MAYUKH||11-May-21||Stock Split From Rs.10/- to Rs.5/-||CAPPL||18-May-21||Interim Dividend – Rs. – 1.50|
|PGHH||11-May-21||Special Dividend – Rs. – 150.00||COFORGE||18-May-21||Interim Dividend – Rs. – 13.00|
|QUESS||11-May-21||Interim Dividend – Rs. – 7.00||SUNDRMFAST||18-May-21||Interim Dividend – Rs. – 3.40|
|GILLETTE||12-May-21||Special Dividend – Rs. – 50.00||VISAKAIND||18-May-21||Final Dividend – Rs. – 10.00|
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