The Nifty opened at 15270.30 with a gap up of 97 points. Prices have rallied more than 50 point within the first 15 minutes of trading. The index then traded sideways and narrow for almost the whole day. Another sharp rally came in the last hour of trading. The index recorded its intraday high at 15340.15 and finally closed at 15314.70 up by 151.40 points. The Bank and Financials sector have continued its outperformance and closed higher by more than 2.5%. Pharma, Metal and IT have underperformed.
We had suggested a trade either above 15250 or on a dip somewhere around 15000. The index opened well above 15250 so we then waited for the first 15 minutes as suggested. Prices recorded its 15 minutes of high around 15310 so that’s where our long trade got executed. Stay long with a stop at 15200 and a target around 15550.
We had identified a trading range in the Nifty. The range was 15050 as support and 15250 as resistance. The index opened above this range and has sustained the breakout. It was a trend day on the upside.
Bank Nifty opened at 36508.95 with a gap up of 384 points. The index rallied higher for the whole day and closed at the top of the day at 37306 with a gain of more than 1000 points. PSU and Private Banks both have seen a rally and closed higher by more than 2%. Within the index, in terms of points, Axis Bank contributed highest followed by ICICI Bank. We were long in the index from 35700 with a stop at 35400 and a target of 37500. A sharp rally brought the prices near the target. We should consider booking profits around the opening price.
The index has given a decisive breakout from a narrow trading range of just 1000 points on the upside. It was a trend day on the upside. We should look to buy on a dip.
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|BANKBARODA||79.55||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 78 and for the target 83|
|TATAMOTORS||333.35||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 328 and for the target 340.|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|RBLBANK||255 CE||BUY||12.30||CMP||10||16||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||AMARAJABAT.21.02 Feb||917.4||-6.51||42.63||3366000|
|MOTHERSUMI.21.02 Feb||198.45||10.68||31.25||47859000||IBULHSGFIN.21.02 Feb||222.5||-6.49||12.42||36840400|
|CONCOR.21.02 Feb||545.8||8.64||27.44||7477392||TITAN.21.02 Feb||1488.85||-0.72||9.91||6836250|
|BANKNIFTY.21.02 Feb||36159.45||0.98||16.28||1840100||GLENMARK.21.02 Feb||493.15||-2.39||8.75||5074950|
|M&MFIN.21.02 Feb||205.55||4.45||15.89||14816000||BHARATFORG.21.02 Feb||630.75||-1.81||7.8||6615000|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|FINNIFTYW.21.02 Feb||17567||3.13||-65.38||7200||HINDALCO.21.02 Feb||291.55||-1.77||-3.87||30151600|
|TORNTPHARM.21.02 Feb||2617.05||1.33||-4.54||1178750||IDEA.21.02 Feb||12.35||-4.63||-3.66||889490000|
|IDFCFIRSTB.21.02 Feb||54.1||4.24||-4.46||151316000||AUROPHARMA.21.02 Feb||930.1||-0.63||-3.56||9420450|
|SIEMENS.21.02 Feb||1892.05||2.49||-4.41||775500||PFC.21.02 Feb||126.65||-0.86||-3.47||28637800|
|ASHOKLEY.21.02 Feb||130.15||1.4||-4.11||40932000||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||1497.7||0.19||1186259||379631||68.39||Nifty Bank||37306.25||3.32||87756|
|Indus Towers Limited||249.35||1.51||3252376||1737414||48.61||Nifty Realty||355.85||1.5||87756|
|Hindustan Unilever Ltd||2215.2||-1.18||2449407||568820||46.54||Nifty 50||15314.7||1||87756|
|Bharti Airtel Limited||593.7||1.27||17641523||6936643||44.43||Nifty Auto||10956.05||0.4||87756|
|Britannia Ind Ltd.||3417||-0.12||513578||274393||44.34||Nifty Fmcg||33959.9||0.09||87756|
|Oil & Natural Gas Corp||98.45||1.49||26118576||8010421||44.04||Nifty Energy||17714.55||-0.22||87756|
|Hdfc Life Insurance Comp||695.25||-2.21||3871100||773613||43.95||Nifty Media||1681.85||-0.31||87756|
|Hindustan Petroleum Corp||222.6||-0.56||6050356||2818488||42.53||Nifty Pharma||12745.1||-0.32||87756|
|Dabur India Ltd.||527.3||-1.25||2574672||1780011||42.2||Nifty it||26001.1||-0.36||87756|
|Titan Company Limited||1484.75||-0.63||3156535||1369447||41.69||Nifty Metal||3469.95||-0.47||87756|
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UPCOMING ECONOMIC DATA
|INR: FX Reserves, USD on 17th February, 2021||•USD : Core Retail Sales (MoM) (Jan) on 17th February, 2021
•USD : PPI (MoM) (Jan) on 17th February, 2021
|•Future Retail Ltd on Monday said that e-commerce major Amazon had filed a petition on Supreme Court against 8 February order on Future group’s ₹24,713-crore deal with Reliance. The company also said that it will defend Amazon petitioner through legal counsel.
•India’s Tata Motors said on Monday that its British luxury unit Jaguar Land Rover (JLR) aims to become a net-zero carbon business by 2039, as carmakers across the world race to manufacture clean-energy vehicles. “Development is already underway with prototypes arriving on UK roads within the next 12 months as part of the long-term investment programme.
•Telecom service providers (telcos) are expected to dial in next round of tariff hikes over the next one or two quarters which is likely to drive revenue growth in new financial year (2021-22) beginning April 1, according to investment information firm ICRA.
•A continued increase in in-home consumption and demand for packaged food along with festive season is likely to have driven the growth for fast-moving consumer goods (FMCG) maker Nestle India during the December 2020 quarter, according to analysts, who see a nearly 10-13 per cent growth in revenue on a yearly basis. However, on a sequential basis, the sales growth is likely to be flat or may dip marginally between 1-2 per cent, they believe.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ADVENT||Quarterly Results||16-Feb-21||BHARTIARTL||General;Preferential Issue of shares||17-Feb-21|
|GMPL||Interim Dividend;Quarterly Results||16-Feb-21||DISHTV||General||17-Feb-21|
|NESTLEIND||Audited Results;Final Dividend||16-Feb-21||RPPINFRA||General;Rights Issue||17-Feb-21|
|RSYSTEMINT||Audited Results;General||16-Feb-21||SRIND||Quarterly Results||17-Feb-21|
|VBL||Audited Results||16-Feb-21||AMBUJACEM||Audited Results;Final Dividend||18-Feb-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ACRYSIL||16-Feb-21||Interim Dividend – Rs. – 0.8000||ASMTEC||17-Feb-21||Bonus issue 1:1|
|GPTINFRA||16-Feb-21||Interim Dividend – Rs. – 1.5000||AVTNPL||17-Feb-21||Interim Dividend – Rs. – 0.3000|
|GULFOILLUB||16-Feb-21||Interim Dividend – Rs. – 7.00||BEML||17-Feb-21||Interim Dividend – Rs. – 4.8000|
|NILKAMAL||16-Feb-21||Interim Dividend – Rs. – 5.00||BPCL||17-Feb-21||Interim Dividend – Rs. – 16.00|
|SISL||16-Feb-21||Interim Dividend – Rs. – 1.00||CAMS||17-Feb-21||Interim Dividend – Rs. – 7.6000|
|TCIEXP||16-Feb-21||Interim Dividend – Rs. – 2.00||CARERATING||17-Feb-21||Interim Dividend – Rs. – 3.00|
|TORNTPOWER||16-Feb-21||Interim Dividend – Rs. – 5.5000||ESABINDIA||17-Feb-21||Interim Dividend – Rs. – 19.00|
|AKZOINDIA||17-Feb-21||Interim Dividend – Rs. – 20.00||EVERESTO||17-Feb-21||Interim Dividend – Rs. – 0.5000|
|AMRUTANJAN||17-Feb-21||Interim Dividend – Rs. – 0.8000||FSL||17-Feb-21||Interim Dividend – Rs. – 3.00|
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