The Nifty opened at 14789.70 with a big gap down of 153 points. The index recorded its intraday low at 14771.40 within the first few minutes of trading. The index rallied more than 100 points and recorded its intraday high at 14900. However prices did not sustain there and fell down again. Another decline of almost 100 points and then a minor recovery helped the index to finally close at 14850.75 with a loss of 91.60 points. The Media sector performed better and closed higher while Financial was the main underperformed and closed lower by 1.41%.

The Nifty broke its higher closing streak and closed lower below 14900. It was a volatile day in the index where prices opened with a gap down and made an attempt to fill the gap by rallying more than 100 points and then again fell down almost 100 points. We have mentioned a large Bullish Head and Shoulder pattern in the Nifty daily time frame. Prices have found resistance near the neckline and closed lower. So now we have support at 14400 and resistance at 15000.


Bank Nifty opened at 32640.95 with a gap down of 551 points. The index recorded its intraday low at 32611.70 and then started moving up. The index recorded its intraday high at 33154.30 and fell down. PSU Banks continued its outperformance for the second day and closed higher while Private Banks have closed lower. Within the index, SBIN contributed highest while Kotak Bank the lowest. A big gap down in the index forced prices to close below 33000. The index made an attempt to fill the gap by rallying more than 500 points but failed to do so

A trading range is now visible with support at 32000 and resistance around 33500.

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VOLTAS 1010.25 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 990 and for the target 1035
CONCOR 612.50 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 595 and for the target 635

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STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
BERGER PAINT 740 CE BUY 20.25 CMP 16 28 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
VOLTAS.21.05 May 1015.45 4.2 31.25 3984000 CUMMINSIND.21.05 May 833.55 -0.19 36.35 1264800
COALINDIA.21.05 May 156.65 5.81 25.03 45750600 LTI.21.05 May 3637.9 -1.4 23.54 630450
IOC.21.05 May 104.05 4.36 21.01 71201000 RAMCOCEM.21.05 May 944.4 -1.46 21.25 2168350
BHEL.21.05 May 73.55 11.52 20.94 118419000 CHOLAFIN.21.05 May 552.15 -0.91 16.74 6573750
CONCOR.21.05 May 616.45 5.66 18.15 7661826 GRANULES.21.05 May 360.7 -1.49 14.33 8926450
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
PNB.21.05 May 35.2 0 -3.12 275968000 FINNIFTYW.21.05 May 15683.4 -1.75 -91.09 1240
ALKEM.21.05 May 3058.95 0.34 -2.88 424400 BANKNIFTY.21.05 May 32928.75 -1.12 -12.93 1308425
INDIGO.21.05 May 1682.95 0.19 -2.83 3795500 NAM-INDIA.21.05 May 351.15 -0.16 -8.51 1307200
PIIND.21.05 May 2703.95 0.49 -2.77 359250 MINDTREE.21.05 May 2209.75 -1.26 -4 1515200
BPCL.21.05 May 462.15 1.55 -2.3 43435800 PAGEIND.21.05 May 28888.05 -1.41 -3.07 66240

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Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Infosys Limited 1330.65 -0.66 6420988 4685834 65.12 Nifty Energy 18917.8 1.76 97404
Britannia Ind Ltd. 3418.4 0.13 455412 448372 64.61 Nifty Media 1619.2 0.79 97404
Hdfc Life Insurance Comp 671.25 -1.29 2430724 2698710 62.14 Nifty Realty 310.95 0.29 97404
Hcl Technologies Ltd. 907.3 -0.73 3818154 2413906 59.91 Nifty Auto 9995.1 0.22 97404
Tata Consultancy Serv Lt 3122.6 -0.73 2415625 1258111 58.87 Nifty Fmcg 34129.3 -0.22 97404
Hdfc Asset Management Co 2796.1 0.05 240617 367614 58.6 Nifty Pharma 14066.65 -0.46 97404
Power Grid Corporation o 223.4 1.61 12935130 5877813 58.55 Nifty 50 14850.75 -0.61 97404
Mahindra & Mahindra Fina 155 -0.74 10588786 5696541 57.88 Nifty it 26106.7 -0.63 97404
Mphasis Limited 1848.7 0.26 338923 235807 57.72 Nifty Bank 32872.2 -0.82 97404
Hindustan Unilever Ltd 2402.1 -1.27 1019077 567033 57.36 Nifty Metal 5452.65 -0.92 97404


   Domestic                                                                                                                                                  International
INR:  Industrial Production YoY MAR on 12th  May, 2021

INR:  CPI Inflation Rate YoY APR on 12th  May, 2021

•USD:  Crude Oil Inventories on 12th May, 2021

•USD : CPI Inflation (US) on 12th May, 2021

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•India has contracted to export 56 lakh tonne sugar so far in the ongoing 2020-21 marketing season, and is expected to conclude deals for shipment of the rest 4,00,000 tonne soon, trade body AISTA said on Tuesday. The government has fixed a mandatory export target of 60 lakh tonne surplus sugar for ongoing the 2020-21 season (October-September). This export policy was, however, approved only in January.

•Tata Motors on Tuesday said it is reviewing the order by the Competition Commission of India (CCI) to initiate investigation against its commercial vehicles business in India for alleged abuse of its dominant position. Last week, the CCI had passed an order directing the Director General, CCI, to initiate investigation against the company for alleged abuse of dominant position.

•Moody’s has upgraded its outlook for the global airlines industry to “positive” from “negative”, as the ratings agency expects steady vaccine rollouts across geographies to drive a rebound in commercial air travel.

•Investors reinforced their faith in the equity cult by investing in equity schemes of mutual funds in April 2021. Equity mutual funds saw net inflows (investments exceeding redemption) of Rs 3,437 crore in April, albeit much lower compared to Rs 9,115 crore in March 2021, according to data released by the Association of Mutual Funds in India (AMFI).

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


Company Name Purpose Ex-Date Company Name Purpose Ex-Date
APOLLOTYRE Audited Results;Final Dividend 12-May-21 MAGADHSUGAR Audited Results;Dividend 11-May-21
ASIANPAINT Audited Results;Final Dividend 12-May-21 MAHEPC A.G.M.;Dividend;Quarterly Results 11-May-21
AVADHSUGAR Audited Results;Dividend 12-May-21 MATRIMONY Audited Results;Final Dividend 11-May-21
BIRLACORPN Audited Results;Dividend 12-May-21 NEULANDLAB Audited Results;Final Dividend 11-May-21
BORORENEW Audited Results;Rights Issue 12-May-21 ORIENTABRA Audited Results;Dividend;General 11-May-21
DWARKESH Quarterly Results 12-May-21 PBGLOBAL General;Preferential Issue of shares 11-May-21
HAPPSTMNDS Final Dividend;General;Results 12-May-21 PERVASIVE Audited Results 11-May-21
HGINFRA Audited Results;Final Dividend 12-May-21 SIEMENS Quarterly Results 11-May-21
JINDALSTEL Audited Results 12-May-21 SOLIDCO Audited Results 11-May-21
JSWISPL Audited Results;General 12-May-21 ULTRACAB Audited Results;Quarterly Results 11-May-21
LUPIN Audited Results;Final Dividend 12-May-21 WARDINMOBI Audited Results;Final Dividend;General 11-May-21


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
GILLETTE 12-May-21 Special Dividend – Rs. – 50.00 VISAKAIND 18-May-21 Final Dividend – Rs. – 10.00
NCLIND 12-May-21 Interim Dividend – Rs. – 1.50 GCCLINP 19-May-21 E.G.M.
OFSS 17-May-21 Interim Dividend – Rs. – 200.00 IRBINVIT 19-May-21 Income Distribution (InvIT)
CAPPL 18-May-21 Interim Dividend – Rs. – 1.50 POWERINDIA 19-May-21 Dividend – Rs. – 2.00
COFORGE 18-May-21 Interim Dividend – Rs. – 13.00 GREENCREST 20-May-21 Consolidation of Shares
SUNDRMFAST 18-May-21 Interim Dividend – Rs. – 3.40 IRCON 20-May-21 Bonus issue 1:1

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