Outlook-11-06-2021NIFTY:

The Nifty opened at 15692.10 with a gap up of 57 points. The index recorded its intraday low at 15648.50 within the first 15 minutes of trading and then started an upside move. Prices have rallied more than 100 points for the whole day and also seen some minor dips in between. The index finally closed at 15737.75 near its intraday highs. The Media and Realty sectors outshone and closed higher by 4.64% and 3.34% respectively. All the sectoral indices have closed with gains except Auto. The Nifty has moved up after two days of decline and ended with gains.

We had seen a breakdown from a narrow trading range of 15600-15800 daybefore. Yesterday the index opened and remained inside this range. We should wait for the index to break out from this range again.

The range is very narrow and it should resolve one way or another.

BANK NIFTY:

Bank Nifty opened at 34903.60 with a gap up of 95 points. The index first moved down recorded its intraday low at 347343.40 within the first 15 minutes of trading and then takes a U Turn. PSU Banks have performed better and closed with a gain of almost 2% while Private Banks closed with a gain of almost 1%. Within the index, SBIN contributed highest while AU Bank the lowest.

It was a trend day on the upside. The index is back inside its range of 34900-35800.

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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
BAJAJFINSV 11993.10 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 11860 and for the target 12200
GODREJPROP 1438.95 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1425 and for the target 1465

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DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
LICHSGFIN 530 CE BUY 22 CMP 18 29 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IBULHSGFIN.21.06 Jun 280.4 6.41 38.12 35312100 EXIDEIND.21.06 Jun 193.1 -0.85 20.21 14130000
BATAINDIA.21.06 Jun 1640.95 5.08 37.39 1378300 NMDC.21.06 Jun 180.25 -0.08 19.98 83676300
MPHASIS.21.06 Jun 1974.65 3.38 25.37 467350 POWERGRID.21.06 Jun 241.7 -0.43 16.29 20932000
PFIZER.21.06 Jun 5557 2.73 16.43 369375 AUBANK.21.06 Jun 995.5 -0.21 10.64 2490500
LALPATHLAB.21.06 Jun 3199.9 7.05 16.25 474000 HAVELLS.21.06 Jun 1025.85 -0.1 9.45 4423500
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
FINNIFTYW.21.06 Jun 16671.25 1.01 -94.81 560 INDIGO.21.06 Jun 1797.9 -0.07 -1.3 3293500
MFSL.21.06 Jun 1033 2.97 -8.81 2603250 ONGC.21.06 Jun 124.35 -0.16 -0.16 67082400
IRCTC.21.06 Jun 2113 1.57 -4.47 1799850
AARTIIND.21.06 Jun 1815.2 1.96 -3.74 1215500
CANBK.21.06 Jun 157.8 0.9 -3.5 56748600

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TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Lombard General In 1501.65 1.88 717238 604300 69.74 Nifty Media 1900.1 4.64 93093
Infosys Limited 1424.3 0.64 3496575 3283589 60.87 Nifty Realty 361.6 3.34 93093
Itc Ltd. 209.3 -1.51 30719587 15123894 60.77 Nifty Pharma 14313.9 1.38 93093
Colgate Palmolive (india 1703.65 0.2 476038 199976 59.13 Nifty Metal 5265.2 1.07 93093
Tata Consultancy Serv Lt 3216.8 0.52 1874324 996569 58.25 Nifty Bank 35131.2 0.95 93093
Britannia Ind Ltd. 3576.3 0.04 355092 306263 56.07 Nifty it 27798 0.94 93093
Hdfc Asset Management Co 3077.75 1.59 382533 117609 55.37 Nifty 50 15737.75 0.65 93093
Hindustan Unilever Ltd 2378.8 0.97 1944339 587650 54.77 Nifty Fmcg 35731.3 0.4 93093
Tata Consumer Products l 707.7 0.69 2571253 1632068 53.69 Nifty Energy 20712.8 0.21 93093
Hdfc Ltd. 2561.9 0.67 2116122 1490414 53.52 Nifty Auto 10722.7 -0.11 93093

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Industrial Production YoY APR on 11th  June, 2021

INR: Foreign Exchange Reserves on 11th  June, 2021

•USD : Core Retail Sales (MoM) (May) on15th June, 2021

•USD   PPI (MoM) (May) on 15th June, 2021

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NEWS UPDATES

•Yes Bank on Thursday received board approval for raising up to Rs 10,000 crore by issuing debt securities. The board of directors in its meeting held on June 10, 2021, considered and approved seeking shareholders’ approval for borrowing funds in Indian/foreign currency up to Rs 10,000 crore by issuing debt securities, Yes Bank said in a regulatory filing.

•The Reserve Bank of India (RBI) on Thursday allowed an increase in the interchange fee structure for ATM transactions after almost 9 years, considering the increasing cost of Automated Teller Machines (ATM) deployment and expenses towards ATM maintenance incurred by the banks and white label ATM operators. Accordingly, the RBI has hiked the interchange fee per transaction from Rs 15 to Rs 17 for financial transactions and from Rs 5 to Rs 6 for non-financial transactions in all centres, effective August 1, 2021.

•Tata Motors rolled out the 2,00,000th Nexon from its Ranjangaon facility in Pune. Since the 150K roll-out in November 2020, the last 50K units have been recorded in less than 6 months. Tata Motors has claimed that the Nexon is among the top three highest selling compact SUVs, in India. Nexon earned a 5-star safety rating by Global NCAP which is an international automotive safety accreditation body.

•With decline in number of fresh COVID-19 cases and easing of restrictions, the country’s gross domestic product (GDP) will grow at 8.5 per cent in FY2021-22, according to credit rating agency Icra Ratings. It expects the gross value added (GVA) at basic prices (at constant 2011-12 prices) to grow at 7.3 per cent in FY2022.

Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AXISCADES Audited Results 11-Jun-21 RADHEDE Audited Results 11-Jun-21
BEML Audited Results;Final Dividend 11-Jun-21 SAB Quarterly Results;Audited Results 11-Jun-21
BHARATGEAR Audited Results 11-Jun-21 SDL A.G.M.;Final Dividend;Audited Results 11-Jun-21
BHEL Audited Results 11-Jun-21 SHINDL Audited Results 11-Jun-21
CGPOWER Audited Results 11-Jun-21 SHRENTI Quarterly Results;Audited Results 11-Jun-21
COCHINSHIP Audited Results;Final Dividend 11-Jun-21 STLSTRINF Quarterly Results;Audited Results 11-Jun-21
DLF Audited Results 11-Jun-21 STRATMONT Audited Results 11-Jun-21
EDELWEISS Final Dividend;Audited Results 11-Jun-21 STRIPMT Quarterly Results;Audited Results 11-Jun-21
HERANBA Final Dividend;Quarterly Results 11-Jun-21 STURDY Audited Results 11-Jun-21
LIKHITHA Audited Results;Dividend 11-Jun-21 SUNTV Quarterly Results;Audited Results 11-Jun-21
LUMAXIND Audited Results;Final Dividend 11-Jun-21 TAALENT Audited Results 11-Jun-21
MAXVIL Audited Results 11-Jun-21 TDSL General 11-Jun-21
ORIENTREF Scheme of Arrangement 11-Jun-21 VISHAL General;Audited Results 11-Jun-21
PARSOLI Audited Results 11-Jun-21 WIMPLAST Final Dividend;Quarterly Results 11-Jun-21
PATELENG Quarterly Results;Audited Results 11-Jun-21 ZPARICIN Audited Results 11-Jun-21
PRESSURS Audited Results 11-Jun-21 ZSOUTGAS Audited Results 11-Jun-21

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BAJAJCON 11-Jun-21 Final Dividend – Rs. – 4.00 TATACHEM 14-Jun-21 Final Dividend – Rs. – 10.00
BRPL 11-Jun-21 Final Dividend – Rs. – 1.00 KRANTI 15-Jun-21 Bonus issue 1:5
FOSECOIND 11-Jun-21 Final Dividend – Rs. – 10.00 ICICIPRULI 16-Jun-21 Final Dividend – Rs. – 2.00
RELIANCE 11-Jun-21 Final Dividend – Rs. – 7.00 LINDEINDIA 16-Jun-21 Final Dividend – Rs. – 3.00
HINDUNILVR 14-Jun-21 Final Dividend – Rs. – 17.00 SRTRANSFIN 16-Jun-21 Final Dividend – Rs. – 6.00
INDHOTEL 14-Jun-21 Final Dividend – Rs. – 0.40 TATAINVEST 16-Jun-21 Dividend – Rs. – 24.00

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