The Nifty opened at 15279.90 with a gap down of 33 points. The index continued its weak momentum and fell down further 80 points. Around 10:00 AM, prices stabilized and then started moving higher, recovered from all the losses, and recorded its intraday high at 15314.30. However the index did not sustain at these high levels long enough. Another round of sharp decline came and prices have recorded its intraday low at 15170.75. The Nifty finally closed at 15208.90 with a loss of 104.55 points. The Media sector has performed well and closed higher by 2.18% while the Pharma and IT sectors have led the decline.
We were long in the index from 15310 with a stop at 15200 and target of around 1550. Prices have touched the stop loss level so our long trade closed with a loss of 110 points. The Nifty continued trading choppy and volatile. An intraday rally of almost 100 points and a sharp intraday decline of almost 150 points shows how volatile prices are moving.
The index came back inside its previous range of 15050-15250. If this correction continued then a dip towards 15050 support will give us a buying opportunity and if the index started moving up then a breakout above 15250 will also give us a buying opportunity.
Bank Nifty opened at 37041.95 with a gap down of 86 points. The index traded very choppy and saw lots of ups and downs and finally closed at 36910 with a loss of more than 200 points. PSU Banks have outperformed and closed higher by 5.68% while Private Banks have closed lower by 0.95%. Within the index, in terms of points SBI contributed highest while HDFC Bank the lowest.
Bank Nifty continued trading very choppy for the second day after a decisive breakout from a narrow trading range.The trend remains up. The immediate next support lies at 36000. We should look to buy on any dips around this support with immediate resistance visible around 37500-37700
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|BHARTI AIRTEL||593.85||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 585 and for the target 610.|
|TATAMOTORS||330.15||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 325 and for the target 340|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|ZEEL||215 CE||BUY||7.80||CMP||5.50||12||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|LALPATHLAB.21.02 Feb||2608.85||9.07||72.48||158250||NESTLEIND.21.02 Feb||16738.95||-2.75||12.66||385350|
|ADANIPORTS.21.02 Feb||655.75||2.48||26.08||65967500||BHEL.21.02 Feb||40.05||0||11.42||118188000|
|PNB.21.02 Feb||41.45||4.54||24.1||194368000||PAGEIND.21.02 Feb||28396.1||-3.17||11.4||102630|
|CUMMINSIND.21.02 Feb||792||3.06||14.59||1658400||NAUKRI.21.02 Feb||4942.5||-3.34||10.26||849000|
|CONCOR.21.02 Feb||543||1.07||9.04||6448938||TORNTPOWER.21.02 Feb||344.6||-0.2||9.97||4533000|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|NATIONALUM.21.02 Feb||50.65||0.5||-4.84||49096000||FINNIFTYW.21.02 Feb||17238.2||-1.53||-69.7||5600|
|BANKBARODA.21.02 Feb||84.4||6.23||-3.33||70551000||DLF.21.02 Feb||315.2||-1.41||-4.67||28073100|
|MANAPPURAM.21.02 Feb||177.7||0.65||-3.17||17424000||BANKNIFTY.21.02 Feb||36930||-0.77||-3.31||1649400|
|ACC.21.02 Feb||1829.75||0.19||-2.96||3067000||BAJFINANCE.21.02 Feb||5701.55||-1.3||-2.6||3991500|
|ZEEL.21.02 Feb||214.1||3.71||-2.64||34635000||IBULHSGFIN.21.02 Feb||221||-2.58||-2.27||31291400|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Aarti Industries Ltd.||1232.25||0.35||444083||170194||65.37||Nifty Energy||18305.45||0.97||84147|
|Hindustan Unilever Ltd||2163.9||-1.47||2447956||1463631||61.08||Nifty Auto||10975.45||0.28||84147|
|Infosys Limited||1281.3||-0.71||4575741||4050319||58.73||Nifty Metal||3576.05||0.17||84147|
|Indus Towers Limited||256.55||3.8||15254400||1852142||58.16||Nifty Bank||36910.95||-0.51||84147|
|Petronet Lng Limited||240.3||-1.03||6758811||2629520||58.13||Nifty Fmcg||33519.55||-0.61||84147|
|Dabur India Ltd.||520.05||-0.49||2436843||1772473||56.83||Nifty Realty||354.5||-0.64||84147|
|Britannia Ind Ltd.||3364||-0.75||866571||392502||56.59||Nifty 50||15208.9||-0.68||84147|
|Bharat Petroleum Ltd||411.7||-1.5||8589431||2660501||49.29||Nifty it||25282.95||-1.29||84147|
|Marico Limited||416.3||1.72||2123650||661868||48.71||Nifty Pharma||12584.35||-1.72||84147|
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Upcoming Economic Data
|INR: Infrastructure Output YoY (Jan) on 26th February, 2021
INR: GDP Quarterly (YoY) (Q3) on 26th February, 2021
|•USD : Building Permits (Jan) on 18th February, 2021
•USD : Crude Oil Inventories on 18th February, 2021
|•The Union Cabinet on Wednesday approved a production-linked incentive (PLI) scheme worth Rs 12,195 crore for telecom equipment manufacturing. The decision was taken to offset the imports of telecom equipment worth more than Rs 50,000 crore and reinforce it with “Made in India” products both for domestic markets and exports.
•Dr Reddy’s Laboratories on Wednesday said it has launched cancer treatment drug Capecitabine tablets in the US market. The product is a therapeutic equivalent generic version of Xeloda (capecitabine) tablets approved by the US Food and Drug Administration (USFDA).
•E-commerce company Flipkart has partnered with ICICI Lombard to offer ‘Group SafeGuard’ insurance, a group insurance policy to its consumers. Compared to the standard indemnity health insurance policies, Group SafeGuard is a benefit offering that allows consumers to avail a payout for each day of hospitalisation, a joint statement said on Wednesday.
•Ashok Leyland on Wednesday said it has increased the sourcing of clean energy to 60 per cent for its countrywide operations. Now 75 per cent of the company’s energy consumption in Tamil Nadu and 60 per cent throughout the country is procured through the solar rooftop, solar ground mount, and wind-based renewable energy.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|AMBUJACEM||Audited Results;Final Dividend||18-Feb-21||URJAGLOBA||Right Issue of Equity Shares||18-Feb-21|
|ARVINDFASN||Right Issue of Equity Shares||18-Feb-21||ASIANTNE||Quarterly Results||19-Feb-21|
|ENKEIWHEL||Audited Results||18-Feb-21||BINANIIND||Quarterly Results||19-Feb-21|
|IDFCFIRSTB||General||18-Feb-21||CYBERMEDIA||General;Preferential Issue of shares||19-Feb-21|
|INDINFO||General||18-Feb-21||EASTWEST||Bonus issue;General;Stock Split||19-Feb-21|
|RCRL||Audited Results; Half Yearly Results||18-Feb-21||EMAMIPAP||General||19-Feb-21|
|ROLLT||Quarterly Results||18-Feb-21||MAHINDCIE||Audited Results||19-Feb-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|MANINFRA||18-Feb-21||Interim Dividend – Rs. – 0.90||SUPRAJIT||18-Feb-21||Interim Dividend – Rs. – 0.7500|
|CENTUM||18-Feb-21||Interim Dividend – Rs. – 2.00||VISHAL||18-Feb-21||Interim Dividend – Rs. – 0.50|
|CLNINDIA||18-Feb-21||Interim Dividend – Rs. – 50.00||AUROPHARMA||22-Feb-21||Interim Dividend – Rs. – 1.50|
|EMBASSY||18-Feb-21||Income Distribution RITES||DCMSRMIND||22-Feb-21||Interim Dividend – Rs. – 5.00|
|JBCHEPHARM||18-Feb-21||Interim Dividend – Rs. – 8.50||GOLDIAM||22-Feb-21||Interim Dividend – Rs. – 2.00|
|MGL||18-Feb-21||Interim Dividend – Rs. – 9.00||ITC||22-Feb-21||Interim Dividend – Rs. – 5.00|
|SACHEMT||18-Feb-21||E.G.M.||MAZDOCK||22-Feb-21||Interim Dividend – Rs. – 5.4100|
|SEAMECLTD||18-Feb-21||Interim Dividend – Rs. – 1.00||MERCURYLAB||22-Feb-21||Interim Dividend – Rs. – 1.50|
|SUPRAJIT||18-Feb-21||Buy Back of Shares||NATCOPHARM||22-Feb-21||Interim Dividend – Rs. – 1.00|
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