OutlookNIFTY:

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:

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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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
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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DERIVATIVE PICKS

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
Sectors Price Change % Quantity
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

   Domestic                                                                                                                                                  International
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

NEWS UPDATES

•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

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BOARD MEETING

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
GODREJPROP General 16-Feb-21 PASUSPG Quarterly Results 17-Feb-21
NESTLEIND Audited Results;Final Dividend 16-Feb-21 RPPINFRA General;Rights Issue 17-Feb-21
NGIL Bonus issue;General 16-Feb-21 SHANTAI General 17-Feb-21
RSYSTEMINT Audited Results;General 16-Feb-21 SRIND Quarterly Results 17-Feb-21
SCHAEFFLER Audited Results;Dividend 16-Feb-21 SUPRAP General 17-Feb-21
SRIND General 16-Feb-21 UDL Audited Results 17-Feb-21
TOWERINFRA General 16-Feb-21 UNIPLY Audited Results 17-Feb-21
VBL Audited Results 16-Feb-21 AMBUJACEM Audited Results;Final Dividend 18-Feb-21

CORPORATE ACTION

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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