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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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Tata Consultancy Serv Lt||3069.75||-0.58||2890462||1219688||61.65||Nifty Bank||33459.25||3.1||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|
|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|
UPCOMING ECONOMIC DATA
|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
|•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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