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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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|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|
UPCOMING ECONOMIC DATA
|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
|•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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