The Nifty opened at 14599.60 with a minor gap up. The index first recorded its intraday low near the opening tick and rallied higher. Prices have rallied for almost one and half hours after the open and then traded narrow and sideways except for the last hour of trading. Prices have fallen towards the end of the days trading session and finally closed at 14617.85 with a gain of 36.40 points. The Pharma, IT and Auto have led the bulls while Banks, Financials and Realty have led the bears. It was a choppy and narrow range day in the nifty where prices have closed near 14600. This is normal as the last three trading days were very volatile in nature and recorded large range days. We had mentioned that 14650 is a short term resistance while strong resistance is visible around 14900. Prices have roamed around 14650 for the maximum time and finally fell down. We should look for a trade in the direction of the breakout. Buy above 14700 with a stop around 14620 and a target at 14900. Or sell short below 14580 with a stop above 14660 and for the target of 14400.
Bank Nifty opened at 32161.45 without much of a gap. The index traded very narrow. Prices have recorded its intraday high and low within the first 15 minutes of trading and spent the rest of the day moving within the same zone. Prices have finally closed at 31977.45. Private and PSU Banks both have seen a decline and closed lower. Within the index, AU Bank contributed highest while ICICI Bank the lowest. It was a narrow range day in the index. This is normal after 3 days of high volatile movement.
We have mentioned 32500 as a short term resistance. If the current up move is a correction in an ongoing downtrend then prices may halt at 32500. That gives us a trading opportunity. A move above 32500 will give us a buying opportunity in the index.
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|AARTI INDUSTRIES||1425.25||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1400 and for the target 1470.|
|TATACHEM||753.10||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 740 and for the target 780|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|CIPLA||940 CE||BUY||32.25||CMP||24||42||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|NAM-INDIA.21.04 Apr||338.8||1.82||59.31||1916800||PETRONET.21.04 Apr||220.7||-1.03||10.17||18237000|
|SIEMENS.21.04 Apr||1849.3||1.77||21.8||980100||APOLLOTYRE.21.04 Apr||209.05||-0.12||8.74||12070000|
|NAVINFLUOR.21.04 Apr||3134||5.4||20.54||308925||PVR.21.04 Apr||1041.5||-1.64||8.42||2033372|
|AARTIIND.21.04 Apr||1423.95||3.87||19.24||481950||HDFCLIFE.21.04 Apr||692.95||-0.52||7.93||8468900|
|CADILAHC.21.04 Apr||528||4.19||14.62||13730200||LTTS.21.04 Apr||2734||-1.26||7.77||527000|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|TORNTPOWER.21.04 Apr||406.95||2.49||-6.28||2061000||FINNIFTYW.21.04 Apr||15371.25||-0.07||-83.51||640|
|ESCORTS.21.04 Apr||1239.95||1.64||-4.89||1861200||JSWSTEEL.21.04 Apr||618.35||-1.79||-3.5||35437500|
|SUNTV.21.04 Apr||475.45||2.09||-2.83||12531000||CUB.21.04 Apr||161.7||-0.4||-2.39||7455500|
|DLF.21.04 Apr||252||1.23||-2.61||30333600||BANKNIFTY.21.04 Apr||32023.1||-0.57||-2.04||1853100|
|SBILIFE.21.04 Apr||915.05||0.56||-2.6||4671750||SAIL.21.04 Apr||91.4||-1.83||-1.58||1.21E+08|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hindustan Unilever Ltd||2458.9||-0.07||1225517||2318209||69.15||Nifty Pharma||13234.25||1.9||80670|
|Petronet Lng Limited||220.55||-0.7||5628509||2611859||65.76||Nifty Media||1474.4||1.87||80670|
|Colgate Palmolive (india||1570.85||0.99||428648||462047||63.44||Nifty Auto||9808.95||1.21||80670|
|Dabur India Ltd.||575||0.52||3675431||3224828||60.43||Nifty it||26324.9||1.21||80670|
|Hdfc Ltd.||2574.05||1.06||3133311||2455847||58.45||Nifty Metal||4434||0.83||80670|
|Icici Lombard General In||1417.15||2.2||825956||343227||57.47||Nifty Fmcg||34853.15||0.56||80670|
|Pidilite Industries Ltd||1823.7||0||566717||322313||55.9||Nifty Energy||17841.05||0.33||80670|
|Bharat Petroleum Ltd||413.8||2.21||11146313||4005454||55.48||Nifty 50||14617.85||0.25||80670|
|Hdfc Bank Ltd.||1428.65||-0.1||7803263||9464480||54.95||Nifty Realty||313.05||-0.45||80670|
UPCOMING ECONOMIC DATA
|INR: Deposit Growth on 23th April, 2021
INR: Bank Loan Growth on 23nd April, 2021
|•USD : Crude Oil Inventories on 21th April, 2021
•USD: Initial Jobless Claims on 22nd April, 2021
|•India’s largest private lender HDFC Bank on Saturday reported a 18 per cent year-on-year growth in standalone net profit for the quarter ended March 2021 (Q4FY21) at Rs 8,186 crore. It was Rs 6,927.6 crore in the year-ago period (Q4FY20). Net Interest Income (NII) — the difference between interest earned through lending and interest paid to depositors of the Bank saw a 12.6 per cent rise to Rs 17,120 crore in the reporting quarter, compared to Rs 15,204 crore in the same period last year.
•Crisil has downgraded its rating on long-term bank facilities and non-convertible debentures (NCDs) of PVR Ltd to AA-minus negative from AA negative.The rating on short-term bank facility has been reaffirmed at A1-plus and the rating on Rs 75 crore NCDs has been withdrawn as the instruments have been fully repaid. The rating actions reflect Crisil’s expectation of weakening of PVR’s business risk profile over the medium term. It was earlier expected that with resumption of operations in October 2020, the occupancy will improve gradually with return of content to the multiplexes.
•Pharma exports from India witnessed over 18 per cent growth to USD 24.44 billion during the last financial year against USD 20.58 billion in FY20, Pharmaceuticals Export Promotion Council of India (Pharmexcil) said on Saturday.
•Bharat Heavy Electricals Ltd (BHEL) will procure Rs 3,000 crore of products from small businesses annually as part of the government’s efforts to encourage them, a senior official said on Friday.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ACC||Quarterly Results||19-Apr-21||NIMBSPROJ||General;Preferential Issue of shares||19-Apr-21|
|BAJAJCON||Audited Results;Final Dividend||19-Apr-21||RESPONSINF||Audited Results||19-Apr-21|
|CRISIL||Interim Dividend;Quarterly Results||19-Apr-21||5PAISA||General;Quarterly Results||20-Apr-21|
|EASEMYTRIP||Interim Dividend||19-Apr-21||CHANDRIMA||Audited Results||20-Apr-21|
|GOODLUCK||Issue Of Warrants;Preferential Issue||19-Apr-21||DHPIND||General||20-Apr-21|
|ICICIPRULI||Audited Results;Final Dividend||19-Apr-21||INTENTECH||ESOP;Issue Of Warrants||20-Apr-21|
|ISHANCH||Interim Dividend||19-Apr-21||NESTLEIND||Interim Dividend;Quarterly Results||20-Apr-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ABB||19-Apr-21||Dividend – Rs. – 5.00||CASTROLIND||22-Apr-21||Final Dividend – Rs. – 3.00|
|SANOFI||19-Apr-21||Final Dividend – Rs. – 125.00||MUTHOOTFIN||22-Apr-21||Interim Dividend – Rs. – 20.00|
|SANOFI||19-Apr-21||Special Dividend – Rs. – 240.00||NGIL||22-Apr-21||E.G.M.|
|SCHAEFFLER||19-Apr-21||Dividend – Rs. – 38.00||SWAGRUHA||23-Apr-21||E.G.M.|
|VESUVIUS||19-Apr-21||Dividend – Rs. – 7.00||ELANTAS||26-Apr-21||Dividend – Rs. – 5.00|
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