The Nifty opened at 14928.25 with a gap up of 105 points. The index first moved down, recorded its intraday low at 14892.50 and then started moving higher. The rally did not last long and prices have recorded its intraday high at 14966.90 and then again fell. The index finally closed at 14942.35 with a gain of 119 points. All the sectoral indices have closed in the green for the second consecutive day. Metals continued its outperformance while Pharma and Auto have also closed higher.
We have taken a long trade in the Nifty around 14855. We have suggested a stop at 14750 and a target at 15050. Prices neither touched the stop nor target. Hold the trade on for the target of 15050 and trail your stop to 14850. For the fourth consecutive day, the Nifty opened with a gap up and closed higher. WE have mentioned a large bullish Head and Shoulder pattern in the Nifty daily chart. Rally brought prices very near to the neckline which is at 14980. A close above this level may confirm this pattern.
Bank Nifty opened at 33175.30 with a gap up of 287 points. The index first moved down and recorded its intraday low at 33028.15. Prices saw a mild intraday rally and recorded its intraday high at 33297.60. PSU Banks have performed better compared to Private Banks and closed higher by 1.50%. Private Banks also closed with gains. Within the index, ICICI Bank contributed highest while IDFC First the lowest.
We were long in the index around 33100 we had suggested a stop at 3270 and a target of 34000. Prices have nether touched either of these levels. Modify stop to 32900 and target at 34000.
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|LT||1395||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1380 and for the target 1430.|
|UPL||674.60||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 660 and for the target 695.|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|INDUSIND||960 CE||BUY||34.35||CMP||28||45||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|FINNIFTYW.21.05 May||15949.85||0.63||218.18||1400||PNB.21.05 May||35.2||-2.36||36.1||307104000|
|ALKEM.21.05 May||3060||4.63||57.54||449000||CHOLAFIN.21.05 May||558.9||-1.6||31.03||6603750|
|TORNTPOWER.21.05 May||455.9||9.09||53.52||2650500||LTI.21.05 May||3699||-2.41||24.21||563250|
|VOLTAS.21.05 May||978||0.38||18.34||3135500||COFORGE.21.05 May||3222.75||-4.48||20.88||1024875|
|BEL.21.05 May||146.1||5.49||15.63||37946800||CUMMINSIND.21.05 May||833||-1.09||17.8||1116000|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|BHEL.21.05 May||66.6||14.43||-9.46||106417500||BANDHANBNK.21.05 May||295.5||-0.89||-8.11||23243400|
|NATIONALUM.21.05 May||82.1||7.46||-8.8||92905000||IDEA.21.05 May||8.3||-0.6||-1.2||611660000|
|CIPLA.21.05 May||903.3||1.77||-3.4||17002050||TRENT.21.05 May||751.55||-0.58||-0.21||1020075|
|TATACONSUM.21.05 May||637.35||0.93||-1.89||7504650||HEROMOTOCO.21.05 May||2857.65||-0.49||-0.2||3812100|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Power Grid Corporation o||219.85||2.47||10038140||4500895||63.96||Nifty Metal||5503.35||3.14||97392|
|Hdfc Asset Management Co||2794.6||2.79||627361||244565||58.13||Nifty Pharma||14131.85||2.8||97392|
|Hcl Technologies Ltd.||913.95||-0.27||4029147||2114655||57.91||Nifty Media||1606.55||2.52||97392|
|United Breweries Limited||1207.6||-0.65||310657||147175||55.67||Nifty Energy||18590.05||1.61||97392|
|Infosys Limited||1339.55||-0.96||7195348||2716830||54.43||Nifty Auto||9973.05||1.56||97392|
|Larsen & Toubro Limited||1395||3.9||3929224||1274960||53.97||Nifty 50||14942.35||0.8||97392|
|Info Edge (india) Limite||4619||-1.25||315650||245222||53.91||Nifty Realty||310.05||0.78||97392|
|Petronet Lng Limited||241.2||-0.7||1775899||838548||53.62||Nifty Bank||33142.4||0.72||97392|
|Tech Mahindra Limited||990.5||0.97||2036101||1058069||52.83||Nifty Fmcg||34204.25||0.24||97392|
|Icici Lombard General In||1497.4||3.27||673766||127794||52.36||Nifty it||26273.45||0.02||97392|
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
|•HDFC Ltd. has entered into a share purchase agreement for sale of 44,12,000 equity shares, representing 0.62% of the issued and paid-up share capital of HDFC ERGO. The stake sale is being done in accordance with the direction of the Reserve Bank of India requiring HDFC to reduce its shareholding in HDFC ERGO to 50% or below.
•Dabur India Ltd on Monday announced the launch of a pain relief spray under the existing Dabur Rheumatil pain relieving brand that is used for joint aches.The product has already been launched across e-commerce platforms and through regular retail channels. The Dabur Rheumatil Spray is priced at Rs130 for 40g/ 57 ml pack, the company said. Dabur Rheumatil is already present in the market in an oil, gel and a tablet format.
•Mukesh Ambani’s Reliance Industries Ltd and its affiliates have picked up more than three-fourths of the new gas volumes from the firm’s eastern offshore KG-D6 block which at current government dictated price will cost it less than half of the imported rate, sources said. Reliance and its partner UK’s BP Plc last week auctioned 5.5 million standard cubic meters per day of incremental gas from the newer discoveries in the KG-D6 block, benchmarking it to a gas marker.
•Greaves Cotton expects its non-automotive engine business to witness continued growth on the back of demand from sectors such as infrastructure, defence, construction, farm and machinery, among others.The company’s non-automotive engine business grew 54 per cent to 13,673 units in the March quarter of the previous fiscal, as compared to 8,756 units in Q4FY20.
•Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ALEMBICLTD||Audited Results;Final Dividend||11-May-21||MAGADHSUGAR||Audited Results;Dividend||11-May-21|
|ANDHRAPAP||Audited Results;Final Dividend||11-May-21||MAHEPC||A.G.M.;Dividend;Quarterly Results||11-May-21|
|BASF||Audited Results;Dividend||11-May-21||MATRIMONY||Audited Results;Final Dividend||11-May-21|
|BLISSGVS||Audited Results;Final Dividend||11-May-21||NEULANDLAB||Audited Results;Final Dividend||11-May-21|
|CGPOWER||Preferential Issue of shares||11-May-21||ORIENTABRA||Audited Results;Dividend;General||11-May-21|
|GODREJCP||Audited Results;Quarterly Results||11-May-21||PBGLOBAL||General;Preferential Issue of shares||11-May-21|
|GRANULES||Audited Results;Final Dividend||11-May-21||PERVASIVE||Audited Results||11-May-21|
|HUHTAMAKI||Quarterly Results||11-May-21||SIEMENS||Quarterly Results||11-May-21|
|KALPATPOWR||Audited Results;Final Dividend||11-May-21||SOLIDCO||Audited Results||11-May-21|
|KEC||Audited Results;Final Dividend||11-May-21||ULTRACAB||Audited Results;Quarterly Results||11-May-21|
|LINDEINDIA||Quarterly Results||11-May-21||WARDINMOBI||Audited Results;Final Dividend;General||11-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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