The Nifty opened at 15073.25 with a gap down of 33 points. The index first recorded its intraday low at 15065.40 and then rallied. Prices have moved up almost 100 points within the first hour of trading and then traded sideways and narrow.
Another rally came in the last hour of trading. The rally helped the index to close at 15173.30 near its intraday highs with a gain of 66.8 points. The Metal sector has performed well and closed with a gain of 1% while Auto sector was the biggest underperformed. It was a trend day on the upside where intraday low was recorded near the opening tick and intraday high was recorded near the closing tick. The Nifty closed on a positive note near 15200. Yesterday we have mentioned support around 14950-15050 and a likely resistance around 15250-15300. The index traded within these boundaries and closed near the upper end of this range. It was the fourth day where prices have moved within these boundaries. Unless we see either side breakout, the final direction will not be clear and the index may trade sideways in the same range. This range has appeared after a sharp rally so we should look at this range as a pause in an ongoing uptrend.
Suppose if price breaks on the downside, then we should consider a correction but it is unlikely breakdown will be held long. So look for a buying opportunity above 15250 or on a dip till 14950.
Bank Nifty opened at 35687.25 with a gap down of 214 points. The index first moved up, filled the gap completely and recorded its intraday high at 36009.45. Prices then started drifting downwards and finally closed at 35752. PSU Banks have underperformed and closed lower while Private Bank have closed with marginal gains. Within the index Axis 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 so our trade is intact. Range of 35500-36500 also remains intact.
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|ADANIPORTS||591.85||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 585 and for the target 605|
|CADILAHC||470.85||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 462 and for the target 485.|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|HINDUNILVR||2260 CE||BUY||53||CMP||35||80||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|HINDALCO.21.02 Feb||296.25||5.65||40||32705800||FINNIFTYW.21.02 Feb||16862.7||-0.33||1707.69||9400|
|M&MFIN.21.02 Feb||196.9||2.9||20.87||13388000||MRF.21.02 Feb||90178||-7.46||24.33||76640|
|MGL.21.02 Feb||1161||3.27||15.67||1701000||BANKBARODA.21.02 Feb||77.1||-2.71||24.22||91318500|
|IDEA.21.02 Feb||12.9||7.5||9.78||934360000||BATAINDIA.21.02 Feb||1534.4||-2.57||20.11||1888700|
|COFORGE.21.02 Feb||2632.55||1.27||7.53||439125||CUMMINSIND.21.02 Feb||772||-2.78||17.42||1342800|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|SAIL.21.02 Feb||67.6||0.82||-3.17||111435000||PAGEIND.21.02 Feb||30797||-3.43||-7.39||99240|
|IBULHSGFIN.21.02 Feb||232.8||0.06||-2.66||33027400||CANBK.21.02 Feb||157.75||-2.23||-1.04||56473200|
|TORNTPOWER.21.02 Feb||328.4||0.75||-1.81||5364000||RECLTD.21.02 Feb||146.5||-0.75||-0.91||13074000|
|VOLTAS.21.02 Feb||1096||0.14||-1.53||3914000||SUNTV.21.02 Feb||520||-0.45||-0.55||10086000|
|TATASTEEL.21.02 Feb||695.6||0.33||-1.43||40633400||SBILIFE.21.02 Feb||910.15||-0.26||-0.43||5432250|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hdfc Ltd.||2760.6||-0.23||1935639||3654412||65.22||Nifty Energy||17945.9||1.35||81756|
|Icici Prudential Life In||491.25||3.17||6173851||2872413||62.5||Nifty Metal||3546.7||1.02||81753|
|Hindustan Petroleum Corp||227.4||1.11||6534317||6229544||59.17||Nifty Fmcg||34463.75||0.81||81753|
|Kotak Mahindra Bank Limi||1961||0.46||2246777||1498323||52.37||Nifty it||26043.45||0.61||81756|
|Power Grid Corporation o||213.75||1.57||11533755||9898504||51.47||Nifty 50||15173.3||0.44||81756|
|Colgate Palmolive (india||1607.05||1.54||370529||204745||51.11||Nifty Pharma||12929.8||0.19||81753|
|Icici Lombard General In||1497.8||-0.21||688878||632433||50.8||Nifty Bank||35752.1||-0.09||81756|
|Hdfc Asset Management Co||2979.4||-0.66||193061||112892||50.77||Nifty Media||1703.3||-0.24||81753|
|Marico Limited||416.6||1.4||1851525||916868||50.21||Nifty Realty||350.55||-0.26||81756|
|Hindustan Unilever Ltd||2263||1.23||1824480||1020498||49.65||Nifty Auto||10965.25||-0.41||81753|
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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 : US Federal Budget on 12th February, 2021
•USD : NY Empire State Manufacturing Index (Feb) on 16th February, 2021
•Amazon on Thursday approached the Supreme Court against Future Group’s $3.4 billion retail assets sale to Reliance Industries. The E-commerce giant termed a Delhi High Court judgment revoking a previous single judge decision blocking the deal “illegal” and “arbitrary”, reported Reuters.
•Coal India Ltd (CIL) on Thursday reported a 21.3 per cent decline in consolidated net profit at Rs 3,084 crore for quarter ended December 31, 2020 (Q3FY21). It was Rs 3,921.81 crore in the same period a year ago. Sequentially, the profit rose marginally by 4.5 per cent. It was Rs 2,951 crore in the preceding September quarter. Revenue from operations during the quarter increased to Rs 23,686 crore from Rs 23,190 crore in the year-ago period, up 2. per cent year-on-year. The company’s total expenses stood at Rs 19,592 crore in the latest December quarter.
•The transportation infrastructure business of L&T Construction has secured an order in the range of Rs 1,000-2,500 crore to extend the mainline corridor of the Mauritius Metro by 3.4 km from Metro Express Limited (MEL), Mauritius.
•Power Finance Corporation (PFC) on Thursday posted a 17 per cent jump in its consolidated net profit at Rs 3,963.18 crore for the quarter ended in December. The consolidated net profit of the firm was at Rs 3,386.72 crore in the year-ago period, a BSE filing said.
•Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|FINCABLES||Quarterly Results||12-Feb-21||GMRINFRA||Quarterly Results||12-Feb-21|
|GODREJIND||Quarterly Results;General||12-Feb-21||NAUKRI||Quarterly Results||12-Feb-21|
|GRASIM||Quarterly Results||12-Feb-21||SOBHA||Quarterly Results||12-Feb-21|
|BHARATFORG||Quarterly Results||12-Feb-21||DHANI||Quarterly Results||12-Feb-21|
|SIEMENS||Quarterly Results||12-Feb-21||SJVN||Interim Dividend;Quarterly Results||12-Feb-21|
|VOLTAS||Quarterly Results||12-Feb-21||IBULHSGFIN||General;Quarterly Results||12-Feb-21|
|BBTC||Quarterly Results||12-Feb-21||LUXIND||Quarterly Results||12-Feb-21|
|PHOENIXLTD||Quarterly Results||12-Feb-21||DBL||Quarterly Results||12-Feb-21|
|NESCO||Quarterly Results||12-Feb-21||COCHINSHIP||Interim Dividend;Quarterly Results||12-Feb-21|
|DEEPAKNI||Quarterly Results||12-Feb-21||NIACL||Quarterly Results;General||12-Feb-21|
|APOLLOHOSP||Quarterly Results||12-Feb-21||BDL||Quarterly Results||12-Feb-21|
|MOTHERSUMI||Quarterly Results||12-Feb-21||HAL||Quarterly Results||12-Feb-21|
|TIMKEN||Quarterly Results||12-Feb-21||FINEORG||Quarterly Results||12-Feb-21|
|ITI||Quarterly Results||12-Feb-21||EMBASSY||Quarterly Results;General||12-Feb-21|
|NATIONALUM||Quarterly Results;General||12-Feb-21||MAZDOCK||Interim Dividend;Quarterly Results||12-Feb-21|
|GLENMARK||Quarterly Results;General||12-Feb-21||HOMEFIRST||Quarterly Results||12-Feb-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ALKYLAMINE||12-Feb-21||Interim Dividend – Rs. – 10.00||HEROMOTOCO||15-Feb-21||Interim Dividend – Rs. – 65.00|
|BASML||12-Feb-21||Stock Split From Rs.10/- to Rs.5/-||HEROMOTOCO||15-Feb-21||Special Dividend – Rs. – 5.00|
|CANTABIL||12-Feb-21||Interim Dividend – Rs. – 1.00||HIKAL||15-Feb-21||Interim Dividend – Rs. – 1.00|
|SAURASHCEM||12-Feb-21||Interim Dividend – Rs. – 1.00||MINDACORP||15-Feb-21||Interim Dividend – Rs. – 0.30|
|BALKRISIND||15-Feb-21||Interim Dividend – Rs. – 5.00||MINDAIND||15-Feb-21||Interim Dividend – Rs. – 0.3500|
|GALAXYSURF||15-Feb-21||Interim Dividend – Rs. – 14.00||PRAVEG||15-Feb-21||Interim Dividend – Rs. – 2.00|
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