The Nifty opened at 15186.20 with a minor gap up of just 14 points. The index traded sideways and narrow in the first half and recorded its intraday high at 15243.50. In the second half, prices have seen a sharp decline of more than 100 points and recorded its intraday low at 15081. In the last hour of trading, prices have recovered and closed near its opening price at 15163.30 without much change. The Banks and Financials sectors have performed well and closed with a gain while Metal, FMCG and Pharma have closed with losses of more than 1%.
It was a choppy day where prices have moved in both directions but closed near the opening tick. The week that ended was very narrow. Prices have moved within a range of 280 points. A narrow trading range of 200 points is clearly visible at the top of the rally. Boundaries for this range are 15250 as resistance and 15050 as support. Since the trend is still on the upside we will only take trades on the long side. We should look to buy above 15250 or on a dip around 15000. For either trade keep a stop of 150 points and a target of 250 points.
Bank Nifty opened at 35736.60 without much of a gap. The index first saw a mild decline and recorded its intraday low at 35700.25. Prices then saw a sharp upside move for the whole day and finally closed at 36108.90. PSU and Private Banks both have seen a rally and closed higher. Within the index, in terms of points, ICICI Bank contributed highest while Kotak Bank the lowest. We were long in the index from 35700 with a stop of 35400 and target of 36700. Prices did not touch either the stop or target so our trade remains intact. It was a trend day on the upside in the Bank Index where prices have opened near the low and closed near the high.
A trading range of 1000 points between 35500-36500 has remained intact so far.
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|ICICIBANK||647.60||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 640 and for the target 660|
|RELIANCE||2041.8||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 2020 and for the target 2080.|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|HDFCBANK||1580 CE||BUY||36.75||CMP||26||50||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|FINNIFTYW.21.02 Feb||17019.1||0.79||375||3040||ASHOKLEY.21.02 Feb||128.1||-5.39||27.8||49158000|
|MOTHERSUMI.21.02 Feb||198.45||10.68||31.25||47859000||ITC.21.02 Feb||213.75||-4.89||14.56||137075200|
|CONCOR.21.02 Feb||545.8||8.64||27.44||7477392||VOLTAS.21.02 Feb||1083.3||-1.67||12.35||4268000|
|BANKNIFTY.21.02 Feb||36159.45||0.98||16.28||1840100||NATIONALUM.21.02 Feb||49.1||-3.44||9.47||55624000|
|M&MFIN.21.02 Feb||205.55||4.45||15.89||14816000||ONGC.21.02 Feb||94.45||-2.83||9.2||52999100|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|ACC.21.02 Feb||1771.2||0.09||-5.18||3412000||HINDALCO.21.02 Feb||291.55||-1.77||-3.87||30151600|
|LICHSGFIN.21.02 Feb||444.45||1.83||-3.95||8180000||IDEA.21.02 Feb||12.35||-4.63||-3.66||889490000|
|RECLTD.21.02 Feb||147.4||0.58||-3.56||12498000||AUROPHARMA.21.02 Feb||930.1||-0.63||-3.56||9420450|
|RAMCOCEM.21.02 Feb||959.15||1.48||-3.43||1696600||PFC.21.02 Feb||126.65||-0.86||-3.47||28637800|
|BANKBARODA.21.02 Feb||77.85||0.97||-3.31||78249600||TATACHEM.21.02 Feb||563.15||-0.2||-3.22||8242000|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Icici Lombard General In||1494.9||-0.19||555080||464498||67.43||Nifty Bank||36108.9||1||87456|
|Hdfc Asset Management Co||2998.4||0.64||188575||118494||61.38||Nifty it||26093.8||0.19||87456|
|Infosys Limited||1309.8||1.33||5797875||2707694||57.94||Nifty Realty||350.6||0.01||87456|
|Power Grid Corporation o||212.65||-0.51||14099935||6523561||56.56||Nifty 50||15163.3||-0.07||87456|
|Hindustan Unilever Ltd||2241.55||-0.95||1222094||932003||51.08||Nifty Auto||10912.25||-0.48||87456|
|Icici Prudential Life In||487.25||-0.81||3278557||3146188||50.96||Nifty Media||1687||-0.96||87456|
|Hindustan Petroleum Corp||223.85||-1.56||6627798||3318350||50.78||Nifty Energy||17753.05||-1.07||87456|
|Dabur India Ltd.||534||-0.34||4218265||2276722||50.69||Nifty Pharma||12785.75||-1.11||87456|
|Indus Towers Limited||245.65||-1.84||3574037||1443153||50.5||Nifty Fmcg||33928.3||-1.55||87456|
|Petronet Lng Limited||242.2||-0.25||5308401||2290743||49.79||Nifty Metal||3486.25||-1.7||87456|
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UPCOMING ECONOMIC DATA
|INR: WPI Inflation (YoY) (Jan) on 15th February, 2021
INR: Trade Balance (Jan)on 15th February, 2021
|•USD : Core Retail Sales (MoM) (Jan) on 17th February, 2021
•USD : PPI (MoM) (Jan) on 17th February, 2021
|•Grasim Industries on Friday reported a consolidated profit after tax of Rs 1,384 crore in the third quarter ended December (Q3 FY21), marking a growth of 103 per cent from Rs 680 crore in Q3 FY19. Consolidated revenue for the quarter was up 13 per cent to Rs 20,986 crore from Rs 18,617 crore in the same period while consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) jumped by 52 per cent to Rs 4,476 crore from Rs 2,945 crore.
•Apollo Hospitals on Friday reported a 42 per cent growth in net profit for the quarter ended December 31, 2020 (Q3FY21) at Rs 130 crore. It was Rs 92 crore in the same period last year (Q3FY20) Revenues dropped by around 5 per cent to Rs 2,760 crore compared to Rs 2,911 crore, a year ago. Standalone revenues of the healthcare services division declined by 4 per cent to Rs 1,240.7 crore in the latest December quarter compared to Rs 1296.9 crore in the same quarter last year.
•Commercial vehicle maker Ashok Leyland Ltd. (ALL) sees demand reviving across segments and it is optimistic about the fourth quarter and the next fiscal, the company said on Friday. Vipin Sondhi, the company’s managing director, said the company’s medium and heavy commercial vehicle (MHCV) business grew by 16 per cent in the third quarter compared to the same period last year.
•Equitas Small Finance Bank on Friday said it has launched a FASTag powered truck terminal at Khalapur, in Maharashtra.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ALORA||Quarterly Results||15-Feb-21||MINID||Quarterly Results||15-Feb-21|
|ASYL||Quarterly Results||15-Feb-21||PGFOILQ||Quarterly Results||15-Feb-21|
|DIVYAJYQ||Quarterly Results||15-Feb-21||SIS||Buy Back of Shares||15-Feb-21|
|EMMSONS||Quarterly Results||15-Feb-21||SPICEISL||Quarterly Results||15-Feb-21|
|EUREKAI||Quarterly Results;General||15-Feb-21||SSLFINANCE||Quarterly Results||15-Feb-21|
|GEMSPIN||Quarterly Results||15-Feb-21||SUJALA||Quarterly Results;General||15-Feb-21|
|HAWAENG||Quarterly Results||15-Feb-21||SUNRAJDI||A.G.M.;Quarterly Results;General||15-Feb-21|
|HINDEVER||Quarterly Results||15-Feb-21||TRANSFRE||Quarterly Results||15-Feb-21|
|HITKITGLO||Quarterly Results||15-Feb-21||VISVEN||Quarterly Results||15-Feb-21|
|IRCON||Bonus issue;Interim Dividend||15-Feb-21||VKAL||Quarterly Results;General||15-Feb-21|
|JETAIRWAYS||Audited Results||15-Feb-21||ADVENT||Quarterly Results||16-Feb-21|
|JIKIND||Quarterly Results;General||15-Feb-21||GMPL||Interim Dividend;Quarterly Results||16-Feb-21|
|MIDESTI-B||Quarterly Results||15-Feb-21||NESTLEIND||Final Dividend;Audited Results||16-Feb-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|BALKRISIND||15-Feb-21||Interim Dividend – Rs. – 5.00||MINDAIND||15-Feb-21||Interim Dividend – Rs. – 0.3500|
|GALAXYSURF||15-Feb-21||Interim Dividend – Rs. – 14.00||PRAVEG||15-Feb-21||Interim Dividend – Rs. – 2.00|
|HEROMOTOCO||15-Feb-21||Interim Dividend – Rs. – 65.00||TORNTPHARM||15-Feb-21||Interim Dividend – Rs. – 20.00|
|HEROMOTOCO||15-Feb-21||Special Dividend – Rs. – 5.00||ACRYSIL||16-Feb-21||Interim Dividend – Rs. – 0.80|
|HIKAL||15-Feb-21||Interim Dividend – Rs. – 1.00||GPTINFRA||16-Feb-21||Interim Dividend – Rs. – 1.50|
|MINDACORP||15-Feb-21||Interim Dividend – Rs. – 0.30||GULFOILLUB||16-Feb-21||Interim Dividend – Rs. – 7.00|
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