The Nifty opened at 15048.40 with a gap up just 18 points. The index recorded its intraday high at its opening tick an fell down. Prices have seen a sharp decline of more than 300 points to record its intraday low at 14745.85. The index then traded very narrow and sideways. Prices started moving around 1:15 PM and rallied more than 200 points to finally close at 14929.50 with a loss of 101.45 points. The Metal and IT sectors have performed well and closed higher while the rest of the sectoral indices have closed lower led by Financials. We had suggested a trade in the direction of a breakout. The trade was to buy above 15200 or sell below 14900. The index broke its support of 14900 after 9.30 so we took a short trade there. Prices went in our favour immediately but did not sustain lower long enough. Stay short with a stop at 15200 and a target of 14600.
It was a volatile day in the Nifty where prices have seen sharp moves in both directions. First a downside move of 300 points and then a rally of more than 200 points helped the index to close above 14900. Short term trend is now sideways and it will be down if Nifty closes below support of 14900.
Bank Nifty opened at 35544.25 with a gap up of 91 points. The index recorded its intraday high at the same level and then fell down. Prices have recorded its intraday low at 34430.65 and then started moving higher. With the help of a sharp rally in the last hour of trading, the index closed at 35182. Private Banks have underperformed and closed lower while PSU Banks have performed well and closed with marginal gains. Within the index, in terms of points, SBI contributed highest while HDFC Bank the lowest. A gap up opening did not sustain and prices quickly fell down.
A trading range of 35000-36500 has broken on the downside but prices have come back inside the range in the last hour of trading.
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|JSWSTEEL||429.65||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 425 and for the target 440|
|LUPIN||1062.70||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1045 and for the target 1090|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|LICHSGFIN||420 PE||BUY||12.50||CMP||8.50||20||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|COFORGE.21.03 Mar||2838.05||3.91||37.07||449250||AUBANK.21.03 Mar||1197.3||-4.55||24.36||1072000|
|LALPATHLAB.21.03 Mar||2429.5||3.88||14.37||153250||TRENT.21.03 Mar||846.5||-3.82||21.69||585800|
|BANKBARODA.21.03 Mar||79.25||2.26||13.84||112706100||APLLTD.21.03 Mar||913.05||-2.84||16.17||276650|
|TORNTPOWER.21.03 Mar||415.6||0.31||12.9||2940000||ICICIPRULI.21.03 Mar||451||-2.52||14.27||8563500|
|MPHASIS.21.03 Mar||1632.2||0.59||9.11||272350||BANDHANBNK.21.03 Mar||340.4||-2.58||13.27||20417400|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|BHEL.21.03 Mar||55.1||2.8||-5.02||110166000||FINNIFTYW.21.03 Mar||16344||-1.08||-65.42||4800|
|COALINDIA.21.03 Mar||146.85||0.44||-3.69||39198600||BANKNIFTY.21.03 Mar||35336.35||-0.52||-6.6||1433500|
|IOC.21.03 Mar||100.45||0.6||-2.38||68822000||PFC.21.03 Mar||137.15||-0.8||-4.18||37925400|
|TVSMOTOR.21.03 Mar||593.5||1.02||-2.32||4244800||AMARAJABAT.21.03 Mar||895.05||-0.33||-3.61||2373000|
|BOSCHLTD.21.03 Mar||15070||1.06||-1.71||89300||M&MFIN.21.03 Mar||206.9||-0.96||-3.53||12344000|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hindustan Unilever Ltd||2210.85||0.28||1632088||1361752||66.79||Nifty Metal||3880.05||1.04||81441|
|Infosys Limited||1373.6||-0.09||6658665||6173518||65.24||Nifty it||26032.05||0.56||81441|
|Nippon Life India Asset||340.15||-1.86||807586||499906||62.69||Nifty Energy||19322.9||0.02||81441|
|Petronet Lng Limited||239.5||-1.05||3387729||2514937||61.21||Nifty Fmcg||33058.85||-0.03||81441|
|Hdfc Ltd.||2535.5||-1.27||2905477||2120223||60.8||Nifty Realty||347.95||-0.4||81441|
|City Union Bank Ltd.||171.2||-0.58||2147412||2300892||59.45||Nifty 50||14929.5||-0.67||81441|
|Britannia Ind Ltd.||3450.4||0.47||311078||199711||58.02||Nifty Bank||35182.55||-0.88||81441|
Upcoming Economic Data
|INR: FX Reserves, USD on 19th March, 2021||•USD : Retail Sales (MoM) (Feb) on 16th March, 2021
•USD: Core Retail Sales (MoM) (Feb) on 16th March, 2021
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|•Jindal Steel & Power Ltd.’s domestic sales fell for the second straight month to the lowest since April prompting the company to focus on exports. The steelmaker’s sales dropped 6% over the preceding month to 5.45 lakh tonnes in February, according to an exchange filing. Still, shipments were nearly 14% higher year-on-year. According to Edelweiss Securities’ channel check, JSPL’s domestic sales were down because of buyers’ reluctance despite price cuts in February.
•Amid record-high fuel prices, Finance Minister Nirmala Sitharaman on Monday said there is no proposal as of now to bring crude oil, petrol, diesel, jet fuel (ATF) and natural gas under the Goods and Services Tax (GST). When the GST was introduced on July 1, 2017, amalgamating over a dozen central and state levies, five commodities – crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) – were kept out of its purview given the revenue dependence of the central and state governments on this sector.
•Power technology major Hitachi ABB Power Grids is betting on growth in renewable energy (RE) in India and evacuation of the same. The company registered a 200 per cent year-on-year growth in the renewables segment with about 8.5 GW of cumulative solar orders from major energy companies.
•The recent economic data, especially the inflation trajectory, has been a cause for concern for experts. The spike in inflation comes on the back of a steady rise in crude oil prices at the global level, which have fed into a rise in the auto fuel pump prices back home.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|AUTOIND||Preferential Issue of shares||16-Mar-21||AUTOLITIND||Preferential Issue;Results||17-Mar-21|
|BEL||Interim Dividend||16-Mar-21||BALPHARMA||General;Preferential Issue||17-Mar-21|
|BHARATWIRE||Preferential Issue of shares||16-Mar-21||DLF||General||17-Mar-21|
|BPCL||Interim Dividend||16-Mar-21||EMERALL||General;Stock Split||17-Mar-21|
|INDIGRID||General;Rights Issue||16-Mar-21||JYOTISTRUC||Audited Results;Quarterly Results||17-Mar-21|
|PACL||Preferential Issue of shares||16-Mar-21||RIDDHI||General||17-Mar-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|MOLDTEK||16-Mar-21||Interim Dividend – Rs. – 0.60||MANVIJAY||17-Mar-21||Stock Split From Rs.10/- to Rs.1/-|
|MOLDTKPAC||16-Mar-21||Interim Dividend – Rs. – 3.00||PARVATI||17-Mar-21||E.G.M.|
|SMRUTHIORG||16-Mar-21||Bonus issue 2:1||ASTRAL||18-Mar-21||Bonus issue 1:3|
|SPMLINFRA||16-Mar-21||E.G.M.||BDL||18-Mar-21||Interim Dividend – Rs. – 6.70|
|COMCL||17-Mar-21||E.G.M.||DIXON||18-Mar-21||Stock Split From Rs.10/- to Rs.2/-|
|KIRLOSENG||17-Mar-21||Interim Dividend – Rs. – 1.50||ENGINERSIN||18-Mar-21||Interim Dividend – Rs. – 1.40|
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