The Nifty opened the day with a gap up of 57 points at 15371.45 but was not able to hold the gains for long and witnessed a sharp intraday decline and closed the day almost unchanged. The Nifty rallied after a higher opening for the first 20 minutes and then moved sideways. Around 11:00 the index started drifting downwards and recorded its intraday low at 15242.20. Prices have seen some recovery in the last one and half hours of trading and finally closed at 15313.45 on a flattish note. The Metal sector shone and closed higher by 2.89% whereas the IT sector was the biggest underperformed and closed lower by 1.49%.
Daybefore we took a long trade around 15310 with a stop at 15200 and a target of around 15550. The index neither touched the stop nor the target so this trade remains intact. A breakout from the trading range of 15050-15250 did not see a follow through. The intraday movement was very volatile. Bears tried to take control in the second half of trading sessions but bulls gave a tough fight and narrowed losses towards the close of the trade. The previous resistance level of 15250 should now act as a support zone for any dip it will be a buying opportunity in the Nifty.
Bank Nifty opened at 37492.60 with a gap up of 66 points. The index rallied higher for the first 15 minutes of trading and recorded its intraday high at 37708.75. Prices then fell down to record its intraday low at 36762.75 and finally closed at 37098. PSU Banks have outperformed and closed higher by 1.65% while Private Banks have closed lower by 0.45%. Within the index in terms of points Kotak Bank contributed highest while ICICI Bank the lowest. We were long in the index from 35700 with a stop of 35400and target of 37500. The index opened and settled around 37500 so our trade closed with a gain of 1800 points. A trading range breakout daybefore did not follow through. Prices have seen a sharp decline of more than 900 points but late recovery managed to close above 37000.
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|PIDILITE||1789.15||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1770 and for the target 1820|
|HAVELLS||1216.15||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1195 and for the target 1250.|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|GLENMARK||500 CE||BUY||19||CMP||15||26||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|LUPIN.21.02 Feb||1104.95||4.1||19.85||8575650||NESTLEIND.21.02 Feb||17215.05||-1.52||21.26||374700|
|HAVELLS.21.02 Feb||1222.05||4.11||16.41||4320000||SIEMENS.21.02 Feb||1836.75||-2.4||15.89||858550|
|JINDALSTEL.21.02 Feb||331.9||7.17||16.37||23780000||NAUKRI.21.02 Feb||5127.3||-7.5||12.47||800500|
|ONGC.21.02 Feb||102||5.26||15.19||53122300||MINDTREE.21.02 Feb||1695||-1.45||10.55||1652000|
|SRF.21.02 Feb||5804||2.74||11.85||345625||GODREJCP.21.02 Feb||724.75||-2.88||10.4||3917000|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|NATIONALUM.21.02 Feb||50.4||3.38||-3.84||52309000||FINNIFTYW.21.02 Feb||17477.05||-0.46||-66.35||7000|
|SAIL.21.02 Feb||64.75||2.61||-3.58||101783000||VOLTAS.21.02 Feb||1045.05||-1.52||-21.73||2922000|
|INDUSINDBK.21.02 Feb||1065.05||0.23||-3.54||24525000||BANKNIFTY.21.02 Feb||37245||-0.42||-3.45||1907900|
|RBLBANK.21.02 Feb||258.4||1.47||-2.69||24009100||SRTRANSFIN.21.02 Feb||1485.85||-1.96||-2.92||4660000|
|HDFCBANK.21.02 Feb||1630.95||0.48||-2.44||24136200||ZEEL.21.02 Feb||206.65||-2.73||-2.15||36423000|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Icici Lombard General In||1504.9||0.48||428431||1004803||84.7||Nifty Metal||3570.15||2.89||83469|
|Aarti Industries Ltd.||1227.9||0.98||260347||189782||72.06||Nifty Energy||18129.3||2.34||83469|
|Hindustan Unilever Ltd||2196.1||-0.86||2396356||1577722||64.41||Nifty Pharma||12804.15||0.46||83469|
|Dabur India Ltd.||522.6||-0.89||3119109||1577294||61.26||Nifty 50||15313.45||-0.01||83469|
|Hdfc Life Insurance Comp||695.35||0.01||3066134||2064550||53.33||Nifty Auto||10944.9||-0.1||83469|
|Sbi Life Insurance Compa||872||-0.6||1634864||879928||51.3||Nifty Bank||37098.4||-0.56||83469|
|Petronet Lng Limited||242.8||1.19||4523573||1335732||48.48||Nifty Fmcg||33724.5||-0.69||83469|
|Steel Authority Of India||64.75||3.27||53647015||12002045||48.4||Nifty Media||1668.9||-0.77||83469|
|Kotak Mahindra Bank Limi||2019.65||1.7||5480183||1398623||47.73||Nifty it||25613.95||-1.49||83469|
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
|•Jubilant Foodworks, which operates Domino’s Pizza and Dunkin’ Donuts chains in India, on Tuesday said it has formed a wholly owned subsidiary in the Netherlands to explore business opportunities in the food service industry in the European country. Jubilant Foodworks Ltd has incorporated a wholly owned subsidiary company Jubilant Foodworks Netherlands B.V. on February 15, 2021.
•After a continuous rally since the unlocking in July, prices of steel and iron ore have started easing on higher supplies. The correction in prices started in the middle of January, with secondary steel producers dropping drop long product prices by Rs 7,000-8,000 a tonne; primary producers followed in February with a reduction of Rs 2,000-3,500 a tonne.
•The To facilitate privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year. Amendments would be required in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 for privatisation, sources said.
•Bharat Forge Ltd. is banking on industry-beating growth in the next year and a half even as the company reported a loss in the third quarter because of an exceptional item. “We will outgrow the industry in every segment we operate,” Amit Kalyani, deputy managing director at Bharat Forge, told BloombergQuint’s Niraj Shah in an interview.
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|BHARTIARTL||General;Preferential Issue of shares||17-Feb-21||AMBUJACEM||Audited Results;Final Dividend||18-Feb-21|
|DISHTV||General||17-Feb-21||ARVINDFASN||Right Issue of Equity Shares||18-Feb-21|
|PASUSPG||Quarterly Results||17-Feb-21||ENKEIWHEL||Audited Results||18-Feb-21|
|SUPRAP||General||17-Feb-21||RCRL||Audited Results;Half Yearly Results||18-Feb-21|
|UDL||Audited Results||17-Feb-21||ROLLT||Quarterly Results||18-Feb-21|
|UNIPLY||Audited Results||17-Feb-21||TWINSTAR||Quarterly Results||18-Feb-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|AIIL||17-Feb-21||Right Issue of Equity Shares||ESABINDIA||17-Feb-21||Interim Dividend – Rs. – 19.0000|
|AKZOINDIA||17-Feb-21||Interim Dividend – Rs. – 20.0000||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. – 3.0000|
|ASMTEC||17-Feb-21||Bonus issue 1:1||GRSE||17-Feb-21||Interim Dividend – Rs. – 3.8500|
|AVTNPL||17-Feb-21||Interim Dividend – Rs. – 0.3000||HGS||17-Feb-21||Interim Dividend – Rs. – 6.0000|
|BEML||17-Feb-21||Interim Dividend – Rs. – 4.8000||IMFA||17-Feb-21||Interim Dividend – Rs. – 3.0000|
|BPCL||17-Feb-21||Interim Dividend – Rs. – 16.0000||IRFC||17-Feb-21||Interim Dividend – Rs. – 1.0500|
|CAMS||17-Feb-21||Interim Dividend – Rs. – 7.6000||JAMNAAUTO||17-Feb-21||Interim Dividend – Rs. – 0.2500|
|CARERATING||17-Feb-21||Interim Dividend – Rs. – 3.0000||KALPATPOWR||17-Feb-21||Interim Dividend – Rs. – 8.5000|
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