Morning-OutlookNIFTY:

The Nifty opened at 14364.90 with a gap up of 54 points. The index first moved down and recorded its intraday low at 14274.90 and then rallied. Prices have seen an upside move of almost 100 points and then spent the afternoon session within that range. A sharp rally began around 1:30 PM which took prices to its intraday high at 14528.90. The index finally closed at 14504.80 near its day high with a gain of 194 points. The AUTO, Financial, Metal and Banks have led the bulls while IT and Pharma have closed with a loss. On Monday we had a downside day while Tuesday Nifty did the complete opposite by closing near its day high. It was a trend day on the upside. Back to Back large range days are a sign of a likely consolidation. The index is finding support near 14300-14400. This is a strong support zone. Strong resistance is visible around 14800-14900 zones. It is a very wide range so it is not very easy to trade short term. We have also seen many false breakouts and breakdowns from this range.

BANK NIFTY:

Bank Nifty opened at 30901 up by 109 points from Mondays close. After opening prices traded with a positive bias. In the first half, after the initial move, price traded sideways between 31000-31300 level. In the second half prices have given a breakout and a strong move of almost 1000 points with the index closing at 31771.60. It was a trend day on the upside for the bank index. Both PSU and Private banks have performed well and closed with strong gains.

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TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Lombard General In 1364 0.96 748685 647689 71.8 Nifty Auto 9818.3 4.28 89007
Hdfc Ltd. 2512.95 3.85 3832030 2422529 64.21 Nifty Metal 4337.9 3.38 89007
Hdfc Life Insurance Comp 706.1 2.74 4171978 2203111 63.72 Nifty Bank 31771.6 3.18 89007
Hindustan Unilever Ltd 2454.4 -0.31 1811781 1433992 63.4 Nifty Realty 315.65 2.77 89007
Petronet Lng Limited 224.95 1.44 3842269 3098086 59.15 Nifty Energy 17672.8 2.28 89007
City Union Bank Ltd. 162.45 1.79 1422539 2048182 57.18 Nifty Media 1457.05 1.83 89007
Godrej Cons Products Ltd 723.5 1.13 913053 1163032 55.21 Nifty 50 14504.8 1.36 89007
Power Grid Corporation o 208.75 3.78 11154981 5647078 54.14 Nifty Fmcg 34720.35 0.46 89007
Trent Limited 729.25 2.6 437329 494213 53.62 Nifty Pharma 12807.5 -1.19 89007
Balkrishna Ind. Ltd 1673.85 4.21 539257 422858 53.31 Nifty it 25851.3 -3.28 89007

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UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  WPI Inflation (YoY) (Mar) on 15th  April 2021

INR:  Trade Balance (Mar) on 15th  April, 2021

•USD : Crude Oil Inventories on 14th April, 2021

•USD:  Initial Jobless Claims on 15th April, 2021

NEWS UPDATES

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•JSW Steel’s Italian subsidiary has completed the acquisition of remaining 30.73 per cent stake in GSI Lucchini SpA of Italy for one million euros. “Pursuant to fulfilment of conditions precedent mentioned in the share purchase agreement, our subsidiary JSW Steel Italy Srl has on April 13 completed the acquisition of 30.73 per cent equity share capital of GSI,” the steelmaker informed stock exchange in regulatory filings.

•Bharti Airtel has decided to leverage its existing 4G network assets to offer 5G network technology. The firm expects to launch commercial services across the country within four to five months of getting spectrum. It expects the auctions to happen sometime at the end of this year or early next year. Non-standalone (NSA) 5G is the first or interim stage in the evolution of 5G technology which enables telcos to use their existing 4G core — the nerve centre which controls a network.

•Dr Reddy’s Laboratories (DRL), which received permission from India’s drug regulator to import the Sputnik V vaccine, could potentially mop up around $300 million from its initial sales. The company has exclusive marketing and distribution rights for the first 250 million doses of Sputnik V vaccines in the country. This is assuming a base price of around Rs 150 per dose

•Sales of Jaguar Land Rover declined by almost 14% during FY21 as the pandemic took a toll on business even as March quarter sales improved by over 12% year-on-year with sales more than doubling in China on a low base, parent Tata Motors said in a statement.

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

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HDFC BANK 1400 CE BUY 40.50 CMP 28 60 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PFIZER.21.04 Apr 5123.85 7.06 85.54 150750 LALPATHLAB.21.04 Apr 2965.5 -11.22 22.71 441750
VOLTAS.21.04 Apr 962 0.87 12.09 4543000 DRREDDY.21.04 Apr 4820.95 -3.78 14.9 3848500
SRTRANSFIN.21.04 Apr 1381.1 5.92 11.67 3451200 TCS.21.04 Apr 3119.1 -3.85 9.87 9678900
AUBANK.21.04 Apr 1085.2 0.46 9.07 2579500 PIDILITIND.21.04 Apr 1810 -2.39 9.18 1939500
BAJAJFINSV.21.04 Apr 9765.9 6.53 7.57 587625 PIIND.21.04 Apr 2447 -0.83 7.6 400000
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
FINNIFTYW.21.04 Apr 15227.75 3.25 -81.46 3040 LUPIN.21.04 Apr 1045.15 -0.26 -0.66 7651700
APOLLOTYRE.21.04 Apr 215.75 5.73 -6.72 10695000 CIPLA.21.04 Apr 890 -1.86 -0.63 12316200
CUMMINSIND.21.04 Apr 842.45 2.66 -6.57 1432800 BRITANNIA.21.04 Apr 3752 -1.85 -0.61 1845400
MARUTI.21.04 Apr 6854.9 4.78 -4.75 2452600 DIVISLAB.21.04 Apr 3736.05 -1.4 -0.56 2556200
CHOLAFIN.21.04 Apr 533.1 4.05 -4.65 5737500 GUJGASLTD.21.04 Apr 525.9 -1.69 -0.54 912500

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AMARJOTHI General 15-Apr-21 ZEXDONTR General 15-Apr-21
BLUBLND-B Quarterly Results 15-Apr-21 AARCOM Audited Results 16-Apr-21
HATHWAYB Audited Results 15-Apr-21 ASITCFIN Amalgamation;General 16-Apr-21
ICSL General 15-Apr-21 ATHENAGLO Preferential Issue of shares;General 16-Apr-21
MIDINFRA General 15-Apr-21 BLIL Increase in Authorised Capital;General 16-Apr-21
OLPCL General 15-Apr-21 DEN Audited Results;Quarterly Results 16-Apr-21
RUBRAME General 15-Apr-21 DRCSYSTEMS Preferential Issue of shares;General 16-Apr-21
SABOOBR General 15-Apr-21 GTPL Audited Results;Dividend 16-Apr-21
TINPLATE Audited Results;Dividend 15-Apr-21 MINDTREE Final Dividend;Quarterly Results 16-Apr-21
TTFL General 15-Apr-21 MMTC Quarterly Results 16-Apr-21
WIPRO Final Dividend;Quarterly Results 15-Apr-21 MODCL General 16-Apr-21

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CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
FINOLEXIND 15-Apr-21 Stock  Split From Rs.10/- to Rs.2/- SANOFI 19-Apr-21 Final Dividend – Rs. – 125.00
INFRATRUST 15-Apr-21 Income Distribution (InvIT) SANOFI 19-Apr-21 Special Dividend – Rs. – 240.00
KSB 15-Apr-21 Dividend – Rs. – 8.50 SCHAEFFLER 19-Apr-21 Dividend – Rs. – 38.00
PRECTRA 15-Apr-21 Amalgamation VESUVIUS 19-Apr-21 Dividend – Rs. – 7.00
SHARDA 16-Apr-21 Stock  Split From Rs.10/- to Rs.2/- HUHTAMAKI 20-Apr-21 Final Dividend – Rs. – 3.00
ABB 19-Apr-21 Dividend – Rs. – 5.00 ASHFL 22-Apr-21 E.G.M.

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