The Nifty opened at 14823.55 with a gap down of 27 points. The index recorded its intraday high at 14824.05 within the first few minutes of trading and fell down. Prices have seen a decline of 130 points and then saw a minor recovery. That recovery fizzled out quickly and the index again fell down. Prices have recorded its intraday low at 14649.70 and finally closed at 14696.50 with a loss of 154.25 points. The Metal, Banks have led the bears and closed lower. The Auto and Media have performed better and closed with marginal gains. The Nifty has pierced 14700 during the intraday session and managed to close around it. It was a trend day on the downside. We have support around 14400 and resistance around 15000. A big trade will emerge if these levels break.

Buying opportunity will emerge if Nifty finds support around 14400-14500 if the index continued moving downside. But if the index moves up, we will get a buying opportunity above 15000. Although if the index goes below 14400 we would have an opportunity to sell.


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 on the upside. The index recorded its intraday high at 33154.20 and fell down. PSU Banks continued its outperformance for the second day and closed higher while Private Banks closed lower. Within the index, SBI 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 around 32000 and resistance at 33500.

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CIPLA 898.60 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 887 and for the target 920
BANKBARODA 77.40 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 74 and for the target 83

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STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
PIDILITE 1880 CE BUY 51.05 CMP 38 70 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CADILAHC.21.05 May 650.2 2.79 13.24 23344200 CHOLAFIN.21.05 May 523.6 -5.5 10.62 7082500
BANKBARODA.21.05 May 77.8 4.71 11.76 124277400 NAUKRI.21.05 May 4375.45 -2.99 9.52 1271375
CUMMINSIND.21.05 May 834.7 0.1 7.94 1305000 GRANULES.21.05 May 337.45 -6.69 9.05 8910950
MCDOWELL-N.21.05 May 561.75 0.64 6.7 12933750 EXIDEIND.21.05 May 186.8 -0.37 7.53 12747600
SIEMENS.21.05 May 2014.2 2.79 6.46 1024650 BANKNIFTY.21.05 May 32520.3 -1.31 7.23 1356025
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
PNB.21.05 May 36.85 5.14 -12.86 234800000 FINNIFTYW.21.05 May 15538.65 -1 -57.14 480
CANBK.21.05 May 152.35 0.99 -11.11 59832000 BEL.21.05 May 146.7 -1.87 -20.18 32189800
MARUTI.21.05 May 6828.3 0.9 -6.45 2371000 NAM-INDIA.21.05 May 346.05 -1.54 -11.03 1110400
LTTS.21.05 May 2541.6 0.11 -5.42 513200 RECLTD.21.05 May 140.1 -1.34 -8.58 14892000
LUPIN.21.05 May 1214.95 1.06 -5.05 8859550 SRF.21.05 May 6303.25 -0.08 -6.73 521750

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Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Ltd. 2438.7 -1.03 3168128 2401207 64.4 Nifty Media 1629.8 0.65 520728401
Infosys Limited 1327 -0.27 5241898 4122605 64.21 Nifty Auto 10013.65 0.19 85014681
Hcl Technologies Ltd. 906.1 -0.13 4076940 2375253 62.21 Nifty Pharma 14065.05 -0.01 60327936
Tata Consultancy Serv Lt 3087.6 -1.12 1978558 1484826 61.47 Nifty Realty 310.35 -0.19 2147483500
Hindustan Unilever Ltd 2328.95 -3.05 2053932 621302 60.97 Nifty Fmcg 34057.4 -0.21 1261454
Hdfc Bank Ltd. 1399.5 -0.29 6887463 4339573 59.78 Nifty it 25855.45 -0.96 1166169
Larsen & Toubro Infotech 3662 1.19 307626 359573 58.68 Nifty 50 14696.5 -1.04 57721416
The Ramco Cements 934.4 -0.37 724184 538859 55.11 Nifty Energy 18717.4 -1.06 2757329
Kotak Mahindra Bank Limi 1718.85 -2.08 3181830 1608233 54.41 Nifty Bank 32452.3 -1.28 26140280
United Breweries Limited 1207 0.04 142901 276536 54.35 Nifty Metal 5290.45 -2.97 157928843


   Domestic                                                                                                                                                  International
INR:  WPI Inflation (YoY) (Apr) on 14th  May, 2021

INR:  Trade Balance (Apr) on 14th  May, 2021

•USD:  Retail Sales (MoM) (Apr) on 14th May, 2021

•USD : Industrial Production (YoY) (Apr) on 14th May, 2021

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•Retail inflation eased in April over a year ago when pandemic-related supply disruptions had pushed up food prices. Inflation as measured by the Consumer Price Index stood at 4.29% compared with 5.52% in March, according to data released by the Ministry of Statistics and Programme Implementation on Wednesday. On a monthly basis, the index rose by 0.7% as the gauge climbed to 157.9 in April from 156.8 in March.

•Lupin on Thursday reported an 18 per cent increase in its consolidated net profit at Rs 460 crore for the fourth quarter ended March 31, 2021, driven by robust sales across domestic and international markets. The Mumbai-based company had reported a net profit of Rs 390 crore in the January-March quarter of 2019-20. The company’s total income from operations however declined to Rs 3,783 crore during the fourth quarter, as compared to Rs 3,846 crore in the corresponding period of FY20.

•Jindal Steel and Power Limited (JSPL), as expected, reported a strong Q4 show, as rising steel prices continue to bode well for improved operating performance. Strong demand, coupled with completed capacity expansions, meant the company reported robust volume growth, too. Steel production at 2.07 million tonnes was up 35% year-on-year (y-o-y) and sales of 1.91 million tonnes were up 37% y-o-y.

•Vedanta Ltd owned Sterlite Copper has commenced production of medical oxygen at its facility in Tamil Nadu and the first batch of ‘medical grade oxygen’ was dispatched on Thursday, authorities said.

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


Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ABCAPITAL Audited Results 14-May-21 JSL Audited Results 14-May-21
AUTOAXLES Final Dividend;Quarterly Results 14-May-21 JUSTDIAL Audited Results;General 14-May-21
BALKRISIND Audited Results;Final Dividend 14-May-21 LODHA Audited Results;Quarterly Results 14-May-21
BCPL A.G.M.;Dividend;General; Results 14-May-21 LT Audited Results;Dividend 14-May-21
CHOLAHLDNG Audited Results;Final Dividend 14-May-21 MENONBE Audited Results 14-May-21
CIPLA Dividend;Quarterly Results 14-May-21 MINDSPACE Audited Results;Interim Dividend 14-May-21
DRREDDY Audited Results;Final Dividend 14-May-21 MONTECARLO Audited Results;Dividend 14-May-21
ESCORTS Audited Results;Final Dividend 14-May-21 PNB General 14-May-21
GREENPANEL Audited Results 14-May-21 RELINFRA Audited Results 14-May-21
HIL Audited Results;Final Dividend 14-May-21 ROSSARI Audited Results;Final Dividend 14-May-21
INDIGOPNTS Audited Results;Quarterly Results 14-May-21 SKFINDIA Audited Results;Dividend 14-May-21


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
OFSS 17-May-21 Interim Dividend – Rs. – 200.00 VISAKAIND 18-May-21 Final Dividend – Rs. – 10.00
CAPPL 18-May-21 Interim Dividend – Rs. – 1.50 GCCLINP 19-May-21 E.G.M.
COFORGE 18-May-21 Interim Dividend – Rs. – 13.00 IRBINVIT 19-May-21 Income Distribution (InvIT)
MEGH 18-May-21 Amalgamation POWERINDIA 19-May-21 Dividend – Rs. – 2.00
MEGH 18-May-21 Spin Off 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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