The Nifty opened at 14882.65 without much of a gap. The index initially went down and then started moving upside to record its intraday high at 14918.45. Prices then saw a mild decline and recorded its intraday low at 14785.65. The index then spent the rest of the day trading choppy and narrow. Prices have finally closed at 14834.85 with a loss of 38.95 points. The Pharma sector shines and ended with a gain of more than 3% whereas Banks continued its underperformance and ended with a loss of 1%. It was a narrow and choppy day where prices have no clear sense of a direction and the intraday range was very narrow about 133 points. The last two days were very choppy and the index made a pattern of NR7. Prices are trading near its resistance at 14900. A trading range inside. 14600-14900 remained intact. We should wait for a close beyond this range to get a clear direction.
The long tem trend continues to be down while long term momentum has turned up and reached the strength zone. The intermediate trend has changed to up.
Bank Nifty opened at 32636.90 with a gap down of 162 points. The index first rallied and recorded its intraday high at 32972.15. Prices then saw a mild decline and finally closed at 32446.55 with a loss of 352 points. PSU Banks have performed better and closed higher by more than 2%. Private Banks have closed lower by 0.92%. Within the index, in terms of points, Kotak Bank contributed highest while ICICI Bank the lowest. Bank Nifty continued trading narrow and choppy and closed lower. We have mentioned strong support around 32000. The index remained above that support for the whole day but prices have built a narrow range within this.
A breakout from 32000 may give us a shorting opportunity while a breakout above 33200 will give us a buying opportunity.
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|TATAMOTORS||318.2||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 314 and for the target 325|
|SUNPHARMA||636.75||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 627 and for the target 650|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|KOTAK BANK||1800 CE||BUY||52.95||CMP||40||68||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|ALKEM.21.04 Apr||2868.9||5.34||40.88||299800||FINNIFTYW.21.04 Apr||15438||-1.39||1025||1800|
|PFIZER.21.04 Apr||4848||4.39||21.63||87875||AMBUJACEM.21.04 Apr||316.6||-1.86||16.03||20064000|
|GLENMARK.21.04 Apr||535.25||5.28||21.3||9298900||BAJFINANCE.21.04 Apr||4910.2||-2.98||12.49||3999250|
|APLLTD.21.04 Apr||1024||4.55||18.52||1094500||HDFCAMC.21.04 Apr||2982.2||-1.39||10.75||669400|
|SHREECEM.21.04 Apr||31705.6||0.27||18.29||181100||ULTRACEMCO.21.04 Apr||6865||-2.38||9.48||2043800|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|COFORGE.21.04 Apr||3184.85||2.73||-6.32||700500||NAM-INDIA.21.04 Apr||353.85||-1.86||-11.61||1291200|
|IDEA.21.04 Apr||9.55||0.53||-2.93||614180000||AARTIIND.21.04 Apr||1407.85||-1.22||-5.8||510425|
|TORNTPOWER.21.04 Apr||425.05||0.08||-2.8||2289000||DEEPAKNTR.21.04 Apr||1691||-1.84||-4.08||1059000|
|ADANIENT.21.04 Apr||1209.35||3.46||-1.6||16338000||CHOLAFIN.21.04 Apr||559.9||-1.12||-4||5767500|
|AMARAJABAT.21.04 Apr||823.35||0.53||-1.16||4180000||M&MFIN.21.04 Apr||193.8||-0.89||-3.9||18024000|
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Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Icici Lombard General In||1419.6||-0.76||909210||459093||73.04||Nifty Pharma||12995.35||3.04||102456|
|Hindustan Unilever Ltd||2476||2.74||2604858||1169318||64.44||Nifty it||27367.05||0.81||102456|
|Power Grid Corporation o||208.3||-0.33||6622326||7019153||60.96||Nifty Fmcg||35253.1||0.77||102456|
|Hdfc Ltd.||2513.9||0.45||3234017||1424452||56.73||Nifty 50||14834.85||-0.26||102456|
|Hdfc Life Insurance Comp||694.85||-0.94||1586783||1078684||53.87||Nifty Auto||9922.95||-0.37||102456|
|Container Corp Of India||587.35||-0.47||1810213||1937776||53.36||Nifty Realty||332.05||-0.61||102456|
|Hdfc Bank Ltd.||1421.75||-0.77||14078908||4639816||52.68||Nifty Bank||32448.05||-1.02||102456|
|Oil & Natural Gas Corp||103.8||0.19||17645822||13567986||51.97||Nifty Energy||18077.15||-1.09||102456|
Upcoming Economic Data
|INR: Industrial Production (YoY) (Feb) on 12th April 2021
INR: CPI (YoY) (Mar) on 12th April, 2021
|•USD: Core CPI (MoM) (Mar) on 13th April, 2021
•USD : Crude Oil Inventories on 14th April, 2021
|•The Renewables arm of Larsen & Toubro’s Power Transmission & Distribution Business has bagged an order to set up Sudair solar power project of 1.5 GW in Riyadh province of Saudi Arabia. The company did not disclose the value of the contract, but said the orders fall under the “major” category, which ranges between Rs 5,000 crore and Rs 7,000 crore, according to the classification of contracts.
•The initial public offering (IPO) of Macrotech Developers Ltd, earlier known as Lodha Developers, was subscribed 103% as of 1420IST on Friday – the final day of the bidding. The IPO saw a robust response, led by qualified institutional buyers and non-institutional investors.
•Analysts expect TCS to report a 9 per cent year-on-year (YoY) growth in revenue (in rupee terms) for the March quarter, led by the above-mentioned factors. The revenue could rise by 4.8-5 per cent quarter-on-quarter (QoQ) in dollar terms and 3.6-4.8 per cent in constant currency (CC) terms. Most analysts expect TCS to post profit after tax (PAT) growth in the range of 12-17 per cent YoY and 4-8 QoQ.
•The government has ruled out any increase in the price of fertilisers saying that farmers will continue to get nutrients at the older price. The government’s intervention came after reports of fertiliser companies revising prices of non urea fertiliser by upto 58%.
•Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|CUPIDTR||Quarterly Results||12-Apr-21||WWALUM||Voluntary Delisting of Shares||12-Apr-21|
|HDIL||Audited Results;Quarterly Results||12-Apr-21||YORKEXP||General||12-Apr-21|
|HINDCOPPER||General||12-Apr-21||5PAISA||General;Preferential Issue of shares||13-Apr-21|
|HITECHGEAR||Employees Stock Option Plan||12-Apr-21||AIML||Quarterly Results||13-Apr-21|
|IOB||Preferential Issue of shares||12-Apr-21||DYNAMICP||General||13-Apr-21|
|MUTHOOTFIN||Interim Dividend||12-Apr-21||PULSRIN||Audited Results;Quarterly Results||13-Apr-21|
|NOVIS||General||12-Apr-21||INFY||Final Dividend; Quarterly Results||14-Apr-21|
|PODDAR||General||12-Apr-21||JYOTISTRUC||A.G.M.;G eneral; Quarterly Results||14-Apr-21|
|TCS||Audited Results;Final Dividend||12-Apr-21||MAL||General||14-Apr-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|HARITASEAT||12-Apr-21||Amalgamation||ABB||19-Apr-21||Dividend – Rs. – 5.00|
|STYLAMIND||12-Apr-21||Stock Split From Rs.10/- to Rs.5/-||SANOFI||19-Apr-21||Final Dividend – Rs. – 125.00|
|FINOLEXIND||15-Apr-21||Stock Split From Rs.10/- to Rs.2/-||SANOFI||19-Apr-21||Special Dividend – Rs. – 240.00|
|INFRATRUST||15-Apr-21||Income Distribution (InvIT)||SCHAEFFLER||19-Apr-21||Dividend – Rs. – 38.00|
|KSB||15-Apr-21||Dividend – Rs. – 8.5000||VESUVIUS||19-Apr-21||Dividend – Rs. – 7.00|
|SHARDA||16-Apr-21||Stock Split From Rs.10/- to Rs.2/-||HUHTAMAKI||20-Apr-21||Final Dividend – Rs. – 3.00|
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