The Nifty opened at 15119.05 with a gap up of just 10 points. The index traded very volatile. In this process, prices have recorded its intraday high at 15168.25 and intraday low at 14977.20. Prices have seen sharp intraday swings on both sides and finally closed at 15106.50. The Auto and Pharma have led the bulls while Bank and Financials have led the beards.
We were long in the index from 15150 with a stop just below 15050 and target of around 15350. The index broke the stop loss level so our long trade was closed with a loss of 100 points. The index continued trading volatile and range bound for the third day. The Nifty may be entering into a process of consolidation. This is normal after a sharp rally of more than 1200 points. This pause is an on going trend will give us a tradable opportunity soon.
The Nifty ended almost unchanged in a volatile trading session and prices have gone below 15000 levels during the day. Thanks to the rally in the last half an hour of trading, the index managed to close above 15000. A support zone is visible around 14950-15050 while short term resistance is visible around 15250-15300 zone.
Bank Nifty opened at 36042.34 with a gap up of 46 points. The index first recorded its intraday high at 36227.20 and then started drifting downwards. Sharp rallied did not last long and prices have continued moving down. Thanks to a sharp rally in the last hour of trading, the index managed to close at 35783. PSU Banks have outperformed and closed higher while Private Banks have closed lower. Within the index, in terms of points Kotak Bank contributed highest while HDFC Bank the lowest.
We were long in the index from 35700 with a stop at 35400 and target of 36700. Prices did not touch either of these levels.
Short term support is at 35500 and resistance at 36500.
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|CIPLA||863.45||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 850 and for the target 885.|
|HDFC||2767.10||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 2730 and for the target 3020|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|CHOLAFIN||470 CE||BUY||22.95||CMP||19||28||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|IBULHSGFIN.21.02 Feb||232.65||5.89||16.18||33929500||SAIL.21.02 Feb||67.05||-0.22||27.87||115083000|
|BERGEPAINT.21.02 Feb||764.3||0.11||12.43||3472700||ADANIPORTS.21.02 Feb||579.6||-0.97||10.94||49442500|
|VOLTAS.21.02 Feb||1094.45||1||10.08||3975000||EICHERMOT.21.02 Feb||2903.65||-1.71||8.33||2461900|
|MRF.21.02 Feb||97447.95||3.4||9.99||61640||BALKRISIND.21.02 Feb||1651.7||-0.18||7.16||2639200|
|PAGEIND.21.02 Feb||31891.6||4.99||9.2||107160||BOSCHLTD.21.02 Feb||16370.05||-0.05||6.8||94200|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|MUTHOOTFIN.21.02 Feb||1269.05||6.39||-16.22||4504500||ICICIGI.21.02 Feb||1502.9||-1.39||-13.83||1122850|
|MFSL.21.02 Feb||778||5.06||-13.34||4366700||INDUS TOWERS LIMITED.21.||248||-2.65||-7.89||12297600|
|ASIANPAINT.21.02 Feb||2514.3||0.13||-11.66||6186000||SUNTV.21.02 Feb||522.35||-0.12||-4.67||10141500|
|HDFCLIFE.21.02 Feb||720||1.8||-10.14||7660400||BHARTIARTL.21.02 Feb||591.05||-1.63||-4.6||99319107|
|JINDALSTEL.21.02 Feb||311.7||0.4||-8.03||20055000||HDFCBANK.21.02 Feb||1588.1||-1.12||-4.3||24539900|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Icici Lombard General In||1501||-0.78||1245064||906798||69.06||Nifty Realty||351.45||1.63||2147483500|
|Hindustan Unilever Ltd||2235.5||0.87||2055520||2018283||64.45||Nifty Auto||11010.85||0.95||71698454|
|Hdfc Ltd.||2767.1||0.73||5602915||3508869||62.81||Nifty Pharma||12905.55||0.72||61130770|
|Petronet Lng Limited||240.9||-0.6||5449342||2056600||53.77||Nifty it||25885.3||0.41||1307655|
|Rec Limited||146.8||0.17||3996999||3271359||52.32||Nifty Energy||17706.4||0.12||2817124|
|Bharat Electronics Ltd||139.85||1.38||11220712||8260430||51.3||Nifty Media||1707.35||0.03||460280211|
|United Spirits Limited||572.85||0.8||2102358||1407098||50.48||Nifty 50||15106.5||-0.02||52137317|
|Hero Motocorp Limited||3538.95||1.13||1477082||776626||50.33||Nifty Metal||3510.85||-0.08||223011786|
|Hdfc Asset Management Co||2999.3||-0.37||222359||155321||49.71||Nifty Fmcg||34188||-0.13||851853|
|Hindustan Petroleum Corp||224.9||-0.73||10528622||3404699||49.71||Nifty Bank||35783.1||-0.76||21930037|
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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 : Fed Monetray Policy Report on11th February, 2021
•USD : Initial jobless claims on 11th February, 2021
•JSW Group to scale up JSW One as tech-based biz platform, enter e-commerce May invest Rs 500-700 cr on e-commerce platform, extend JSW One platform to influencers in home-construction biz such as contractors, masons, engineers, architects, painters
•The Upper House of Parliament passed the Major Ports Authority Bill, 2020,that seeks to provide greater autonomy in decision-making to 12 major ports in the country. The bill aims to provide for regulation, operation and planning of major ports in India and to vest the administration, control and management of such ports upon the boards of major port authorities and for matters connected therewith or incidental thereto, be taken into consideration. In terms of volume, 70 per cent of cargo movement is through ports while 90 per cent in value terms.
•Power Mech Projects on Wednesday said it has bagged four different orders worth Rs 1,068.36 crore. The first two orders are worth Rs 449 crore each and are regarding water supply pipeline construction from the State Water & Sanitation Mission, Government of Uttar Pradesh.It has also got an order of Rs 100.36 crore for Operation and Maintenance Works from Prayagyraj Power Generation Company Ltd, in Bara, Uttar Pradesh. Another order worth Rs 70 crore is for the operation of Wagon Trippler and Truck Tripplers for Tata Steel Bhushan Steel Ltd in Angul, Odisha.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|Coal India||Quarterly Results||11-Feb-21||Prestige Estates||Quarterly Results||11-Feb-21|
|Power Fin.Corpn.||Quarterly Results||11-Feb-21||Bayer Crop Sci.||Quarterly Results||11-Feb-21|
|ITC||Quarterly Results||11-Feb-21||ISGEC Heavy||Quarterly Results||11-Feb-21|
|General Insuranc||Quarterly Results||11-Feb-21||Natco Pharma||Quarterly Results||11-Feb-21|
|Power Grid Corpn||Quarterly Results||11-Feb-21||Tube Investments||Quarterly Results||11-Feb-21|
|Petronet LNG||Quarterly Results||11-Feb-21||Zee Media||Quarterly Results||11-Feb-21|
|MRF||Quarterly Results||11-Feb-21||Borosil||Quarterly Results||11-Feb-21|
|Ashok Leyland||Quarterly Results||11-Feb-21||Mangalam Drugs||Quarterly Results||11-Feb-21|
|ACC||Quarterly Results||11-Feb-21||Atul Auto||Quarterly Results||11-Feb-21|
|Piramal Enterp.||Quarterly Results||11-Feb-21||JSW Holdings||Quarterly Results||11-Feb-21|
|Rail Vikas||Quarterly Results||11-Feb-21||Auro Labs.||Quarterly Results||11-Feb-21|
|NHPC Ltd||Quarterly Results||11-Feb-21||Polylink Poly.||Quarterly Results||11-Feb-21|
|Bosch||Quarterly Results||11-Feb-21||Coromandel Agro||Quarterly Results||11-Feb-21|
|Allcargo Logist.||Quarterly Results||11-Feb-21||Jindal Poly Inve||Quarterly Results||11-Feb-21|
|Oil India||Quarterly Results||11-Feb-21||NCC||Quarterly Results||11-Feb-21|
|Uflex||Quarterly Results||11-Feb-21||TVS Srichakra||Quarterly Results||11-Feb-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|Alkem Laboratories Ltd||11-Feb-21||Interim Dividend – Rs. – 25.0000||BLS International Services Ltd||11-Feb-21||Interim Dividend – Rs. – 0.2500|
|APCOTEX INDUSTRIES LTD.||11-Feb-21||Interim Dividend – Rs. – 1.5000||CARBORUNDUM UNIVERSAL LTD.||11-Feb-21||Interim Dividend – Rs. – 1.5000|
|Bajaj Consumer Care Ltd||11-Feb-21||Interim Dividend – Rs. – 6.0000||BLS International Services Ltd||11-Feb-21||Interim Dividend – Rs. – 0.2500|
|BALRAMPUR CHINI MILLS LTD.||11-Feb-21||Interim Dividend – Rs. – 2.5000||GILLETTE INDIA LTD.||11-Feb-21||Interim Dividend – Rs. – 33.0000|
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