The Nifty opened at 11335 in the morning just slightly higher and then moved up and then moved sideways and then moved down and finally closed at 11300. After sideways movement in the morning, around 11:20 AM, the Nifty fell 85 points and made a low at 11270 and then moved sideways throughout the day. A trading range in the Nifty is now setting up with support around 11230 and resistance at 11370. This is the set up for the next trade. Buy above 11370 with a stop under 11300 or go Short below 11230 with a stop above 11300. While the Nifty remains inside this trading range, only small intraday trades are available.
The long term trend is up. Long term momentum is also in the strong zone. However because we have a clear and visible trading range, it is the break of this range that will determine the next move. Intermediate trend remains up. Intermediate momentum is strong suggesting that markets may find it easier to move up. The Nifty is not giving us any inkling of what it wants to do. We need to wait patiently for the trading range to break out in one direction or the other.
Bank Nifty opened at 22395.20 with a gap up of 150 points. The index first traded sideways then saw a sharp decline and then again traded sideways. Prices have finally closed at 22196 without much change. PSU Banks have under performed and closed lower by 1.01%. Within the index, in terms of points ICICI Bank contributed highest while HDFC Bank contributed lowest.
We were expecting a sharp move in the index. That move did not come yesterday, moreover the index continued trading narrow.
If prices break below 21700 then we should go short with a stop at 22200 and target of 20700.
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|CHOLAFIN||225.15||BUY||The stock has been trading in a range and has now given a breakout upwards. The stock can be bought between 222.50-223.50 with a stop at 218 and for the target of 235.|
|BERGER PAINT||550.85||BUY||The stock has been trading in a range and has now reached the lower end of the range, taken support and started moving up. The stock can be bought at CMP with a stop at 543 and for the target of 565.|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|BAJAJ AUTO||3000 CE||BUY||93||CMP||83||120||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|ASHOKLEY.Aug 27||61.85||14.43||43.81||66231000||BHARTIARTL.Aug 27||538.55||-1.89||15||94169625|
|SRTRANSFIN.Aug 27||707.95||5.95||30.31||3879939||GAIL.Aug 27||97.35||-1.07||11.11||29902200|
|CHOLAFIN.Aug 27||226.65||8.34||30.07||6552500||TATASTEEL.Aug 27||415||-0.36||8.61||17115600|
|INDIGO.Aug 27||1160.1||11.59||23.07||4017500||BANDHANBNK.Aug 27||292.35||-2.21||7.37||29278800|
|VOLTAS.Aug 27||620.8||2.17||22.73||3704000||TORNTPHARM.Aug 27||2812||-0.64||6.7||1664500|
|Short Covering||Long Unwinding|
|TITAN.Aug 27||1098.45||3.69||-3.77||7659000||IBULHSGFIN.Aug 27||213||-2.41||-8.31||14427400|
|SUNTV.Aug 27||406.6||0.88||-2.84||5548500||AUROPHARMA.Aug 27||884.6||-5.72||-6.44||15211300|
|CANBK.Aug 27||102.2||1.49||-2.31||10790000||SAIL.Aug 27||38.8||-0.13||-5.18||54568000|
|MCDOWELL-N.Aug 27||593.45||1.36||-2.12||16018750||BANKNIFTY.Aug 27||22214||-0.46||-4.87||1512250|
|CENTURYTEX.Aug 27||312.5||0.45||-1.61||2745400||GLENMARK.Aug 27||465.2||-0.85||-4.29||7031100|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Icici Prudential Life In||470.7||-1.41||1788405||1918881||75.22||Nifty Media||1418.15||1.38||79881|
|Sbi Life Insurance Compa||861.5||0.54||666359||630629||59.05||Nifty Auto||7879.75||1.22||79881|
|Power Grid Corporation o||178.75||0.39||5985571||6379472||58.35||Nifty Metal||2380.65||1.1||79881|
|Larsen & Toubro Limited||990.7||4.31||8816753||2004866||54.58||Nifty it||18107.2||0.23||79881|
|Hdfc Ltd.||1804.85||-0.52||3769538||1935742||53.68||Nifty Fmcg||31668.15||0.1||79881|
|Kotak Mahindra Bank Limi||1336.25||0.09||3331333||1895187||49.35||Nifty Energy||15540.55||-0.05||79881|
|Godrej Cons Products Ltd||709.2||2.79||3535866||268308||48.96||Nifty 50||11300.45||-0.07||79881|
|Container Corp Of India||377.1||3.97||7011850||3356600||48.46||Nifty Pharma||11477.95||-0.97||79881|
|Britannia Ind Ltd.||3808.25||-0.04||513264||294488||47.54||India Vix||20.57||-1.31||79881|
UPCOMING ECONOMIC DATA
|•INR: Trade Balance on 14th August, 2020
•INR: WPI Inflation (YoY) (Jul) on 14th August, 2020
|•USA: Industrial Production (MoM) (Jul) on 14th August, 2020
•USA: Core Retail Sales (MoM) (Jul) on 14th August, 2020
|•Maruti Suzuki India Ltd (MSIL) on Thursday said its entry level small car Alto has crossed the cumulative sales milestone of 40 lakh units. Launched in September 2000, Alto has been the best most selling car for 16 consecutive years in India, the company said in a statement “Alto is the preferred choice of Indian car buyers with 76 per cent of Alto customers choosing it as their first car,” it added.
•Aditya Birla Fashion and Retail on Thursday reported a net loss of Rs.410 crore in the first quarter of the current financial year against a profit of Rs.22 crore in the year-ago period. The revenue was down by over 84% at Rs. 323 crore in Q1 FY21 against Rs.2,065 crore in Q1 FY20.
•Zydus Cadila has launched the cheapest Remdesivir injection for COVID-19 treatment in India so far, triggering a price war with other companies licensed by Gilead to sell it in India and other geographies. Priced at Rs 2,800 for a 100 mg lyophilized injection, its brand ‘Remdac’ will be the most economical Remdesivir brand in India.
•Gail (India) on Thursday reported a 56.43 per cent year-on-year fall in net profit at Rs 654.33 crore for the quarter ended June 30. The figure stood at Rs 1,503.67 crore in the corresponding quarter last year. Consolidated revenue of the company declined 34 per cent YoY to Rs 12,180.62 crore. The performance of the company was impacted due to nationwide lockdown, GAIL (India) said in a release.
Source: Economic Times, Moneycontrol ,Business Today,Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ADFFOODS||Quarterly Results||14-Aug-20||LAOPALA||Quarterly Results||14-Aug-20|
|ALKYLAMINE||Quarterly Results||14-Aug-20||MRF||Quarterly Results||14-Aug-20|
|BERGEPAINT||Quarterly Results||14-Aug-20||NCLIND||Quarterly Results||14-Aug-20|
|BODALCHEM||Quarterly Results||14-Aug-20||NESCO||Quarterly Results||14-Aug-20|
|EMKAY||Quarterly Results||14-Aug-20||NIRLON||Quarterly Results||14-Aug-20|
|FINCABLES||Quarterly Results||14-Aug-20||NTPC||Quarterly Results||14-Aug-20|
|FORTIS||Quarterly Results||14-Aug-20||PAPERPROD||Quarterly Results;Audited Results||14-Aug-20|
|GLENMARK||Quarterly Results||14-Aug-20||RAMCOCEM||Quarterly Results||14-Aug-20|
|GREENPLY||Quarterly Results;ESOP||14-Aug-20||SUNDARAM||Quarterly Results;General||14-Aug-20|
|HINDALCO||Quarterly Results||14-Aug-20||SUNTV||Quarterly Results||14-Aug-20|
|HINDCOMPOS||Quarterly Results||14-Aug-20||UBL||Quarterly Results||14-Aug-20|
|INDIANB||Quarterly Results||14-Aug-20||UTTAMSUGAR||Quarterly Results;General||14-Aug-20|
|INSECTICID||Quarterly Results||14-Aug-20||VOLTAS||Quarterly Results||14-Aug-20|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ASMTEC||14-Aug-20||Interim Dividend – Rs. – 2.00||NATPEROX||17-Aug-20||Dividend – Rs. – 12.50|
|CENTURYTEX||14-Aug-20||Dividend – Rs. – 3.00||CANFINHOME||18-Aug-20||Dividend – Rs. – 2.00|
|HAWKINCOOK||14-Aug-20||Interim Dividend – Rs. – 80.00||EQUITAS||18-Aug-20||Interim Dividend – Rs. – 1.00|
|MINDAIND||14-Aug-20||Right Issue of Equity Shares||IGPL||18-Aug-20||Final Dividend – Rs. – 2.00|
|VBL||14-Aug-20||Interim Dividend – Rs. – 2.50||PRESSMN||18-Aug-20||Final Dividend – Rs. – 1.00|
|BIRLACORPN||17-Aug-20||Dividend – Rs. – 7.50||UBL||18-Aug-20||Final Dividend – Rs. – 2.50|
|CLNINDIA||17-Aug-20||Final Dividend – Rs. – 11.00||ADCINDIA||19-Aug-20||Dividend – Rs. – 2.00|
|CUMMINSIND||17-Aug-20||Final Dividend – Rs. – 7.00||BDH||19-Aug-20||Final Dividend – Rs. – 2.50|
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