The Nifty opened at 14756.25 with a gap up of 79 points. The index recorded its intraday low at 14725.25 near the opening tick and started moving upside. Prices have continued the bullish momentum for the whole day. Minor dips quickly found support and the index keeps on rising and recorded its intraday high at 14938. Banks, Financials, Metals and Auto sectors have led the bulls while FMCG and Pharma.

It was a trend day on the upside where the opening tick was near the day low and closing near the day high. The index closed above 14900 with some gains. The rally covered up losses that came from the last three days of decline. Prices are now near the neckline of the head and shoulder pattern. A breakout may take prices towards 15500 if index closes above 15000.


Bank Nifty opened at 32437.85 with a gap up of 274 points. The index recorded its intraday low at 32318.70 in the first five minutes of trading and then started moving up. Prices continued that momentum for the whole day and near its high with a gain of 4%. PSU and Private Banks both have performed well and closed with a gain of more than 3.5%. Within the index, HDFC Bank contributed highest while AU Bank the lowest. Bank Nifty continued recorded recording a trend day but on the upside today. Prices have moved from support of 32000 to resistance of 33500 in one day.

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HAVELLS 1030.55 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1015 and for the target 1055
HCLTECH 922.15 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 907 and for the target 950

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STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
INDUSIND 960 CE BUY 30.25 CMP 23 45 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
FINNIFTYW.21.05 May 15923.2 2.47 183.33 1360 LALPATHLAB.21.05 May 2766.5 -0.51 22.21 591500
BANKNIFTY.21.05 May 33548.85 3.16 27.71 1731750 ESCORTS.21.05 May 1142 -2.63 19.53 3325850
PIIND.21.05 May 2712.15 1.1 23.03 434000 ZEEL.21.05 May 189.15 -2.42 10.27 79215000
TRENT.21.05 May 798.75 3.57 15.98 1104900 NMDC.21.05 May 186.9 -8.31 8.52 57914800
BERGEPAINT.21.05 May 771.45 4.95 11.41 3436400 MINDTREE.21.05 May 2088.55 -3.67 7.29 1531200
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
VOLTAS.21.05 May 985.6 1.33 -33.08 2580000 MPHASIS.21.05 May 1764.35 -2.15 -17.97 302575
IRCTC.21.05 May 1768.6 1.12 -16.43 1293175 CADILAHC.21.05 May 616.3 -5.21 -16.69 19448000
CHOLAFIN.21.05 May 542.85 3.68 -16.08 5943750 CIPLA.21.05 May 885.15 -1.69 -12.53 14672450
GUJGASLTD.21.05 May 531.3 2.08 -15.49 975000 TATAPOWER.21.05 May 104 -3.08 -10.97 111030750
RECLTD.21.05 May 142.2 1.5 -13.54 12876000 ONGC.21.05 May 114.85 -0.56 -10.02 41433700

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Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Tata Consultancy Serv Lt 3069.75 -0.58 2890462 1219688 61.65 Nifty Bank 33459.25 3.1 112242
Nestleind 17037.95 1.91 60703 35129 57.99 Nifty Fmcg 34807.4 2.2 112242
Hindustan Unilever Ltd 2376.25 2.03 811243 1186246 57.75 Nifty 50 14923.15 1.54 112242
Hdfc Bank Ltd. 1440.25 2.91 7560346 3933052 57.1 Nifty Energy 18847.05 0.69 112242
Infosys Limited 1329.4 0.18 5017129 2933912 55.97 Nifty Auto 10001.7 -0.12 112242
Sbi Life Insurance Compa 963.65 -0.95 2181641 1958021 55.73 Nifty it 25703.55 -0.59 112242
Piind 2700.4 0.81 381925 124438 54.2 Nifty Pharma 13858.7 -1.47 112242
Kotak Mahindra Bank Limi 1744.15 1.47 4211441 1713315 53.85 Nifty Metal 5207.75 -1.56 112242
Bajaj Auto Limited 3864.4 -0.28 427552 268416 53.7 Nifty Realty 304.65 -1.84 112242
Icici Prudential Life In 548.7 -1.31 1902960 1112227 53.27 Nifty Media 1595.85 -2.08 112242


   Domestic                                                                                                                                                  International
INR: Deposit Growth YoY MAY on 21st  May, 2021

INR: Bank Loan Growth YoY MAY on 21st  May, 2021

•USD:  Building Permits (Apr) on 18th May, 2021

•USD : Crude Oil Inventories on 19th May, 2021

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•Bharti Airtel Ltd.’s fourth-quarter profit fell missing estimates and its average revenue per user dropped despite adding regularly paying customers. Net profit of the Sunil Mittal-led telecom operator declined 11% over the preceding three months to Rs 759.2 crore, according to an exchange filing. That compares with the Rs 958.8-crore consensus estimate of analysts tracked by Bloomberg.

•TVS Motor Company on Monday said its scooter brand NTORQ 125 has crossed one lakh sales milestone in the international markets. The company currently sells the scooter, which comes with various industry first technologies like bluetooth connectivity feature, in 19 countries across South Asia, Latin America, Middle East, and ASEAN

•Drug firm Eli Lilly on Monday said it has signed a voluntary licensing agreement with Natco Pharma to further expedite the availability of baricitinib for COVID-19 patients in India. Earlier, the company had announced signing of six voluntary license agreements with Cipla, Lupin, Sun Pharmaceutical Industries, Dr Reddy’s, MSN Laboratories and Torrent Pharmaceuticals.

•India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the giant gas field to a local company.

•The ferocious second wave of coronavirus being witnessed in India will delay earnings recovery for Indian companies, ratings agency Moody’s said on Monday.

•Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint


Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AARTIIND Bonus issue;Final Dividend;General 18-May-21 GUJALKALI Audited Results;Dividend 18-May-21
ABBOTINDIA Audited Results;Final Dividend 18-May-21 GULPOLY Audited Results 18-May-21
BIOGEN Audited Results 18-May-21 IIFLWAM Audited Results;Quarterly Results 18-May-21
BRIGADE Audited Results;Final Dividend 18-May-21 JBMA Audited Results;Final Dividend 18-May-21
CANBK Audited Results 18-May-21 JYOTHYLAB A.G.M.;Audited Results;Dividend 18-May-21
CHALET Audited Results;General 18-May-21 MINDACORP Audited Results;Final Dividend 18-May-21
COROENGG Audited Results 18-May-21 ROUTE Audited Results;Final Dividend 18-May-21
DIAMINESQ Dividend;Final Dividend 18-May-21 TATAMOTORS Audited Results;General 18-May-21
DOLAT Audited Results 18-May-21 TATAMTRDVR Audited Results;General 18-May-21
ESTER Audited Results;Final Dividend 18-May-21 TORNTPHARM Audited Results;Final Dividend 18-May-21
GLAXO Audited Results;Dividend 18-May-21 UJJIVANSFB Audited Results 18-May-21


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
CAPPL 18-May-21 Interim Dividend – Rs. – 1.50 GCCLINP 19-May-21 E.G.M.
COFORGE 18-May-21 Interim Dividend – Rs. – 13.00 IRBINVIT 19-May-21 Income Distribution (InvIT)
MEGH 18-May-21 Amalgamation POWERINDIA 19-May-21 Dividend – Rs. – 2.00
MEGH 18-May-21 Spin Off GREENCREST 20-May-21 Consolidation of Shares
SUNDRMFAST 18-May-21 Interim Dividend – Rs. – 3.40 IRCON 20-May-21 Bonus issue 1:1
VISAKAIND 18-May-21 Final Dividend – Rs. – 10.00 JOSTS 20-May-21 Stock  Split From Rs.10/- to Rs.5/-

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