OutlookNIFTY:

The Nifty opened at 15238.70 with a gap up of 30 points. The index initially traded very narrow and sideways for the first two hours of trading. Around 11:00 AM, the index begins to fall down. Prices have seen an intraday decline of almost 150 points and recorded its intraday low at 15078.05. The index again traded sideways towards the end of the day’s trading session and finally closed at 15118.95 with a loss of 89.95 points. The IT and Metal sector has performed well and closed higher by almost 1.30% while all other sectoral indices have closed lower. The Nifty continued moving down for the third consecutive trading days and the index went below 15100 but closed just a tad above. Yesterday we have mentioned that the Nifty has come back inside its previous trading range with boundaries 15050 as support as 15250 ass resistance. The Nifty continued moving within these levels and closed near the support levels of this range. If Nifty closes below 15050 support then we will wait for prices to find support and then look for a buying opportunity. If the Nifty breaks and closes above 15250 then we will try to take a long trade at the same time. We should wait for either of these scenarios to be visible to take carry forward trades.

BANK NIFTY:

Bank Nifty opened at 37088.75 with a gap up of 224 points. The index recorded its intraday high at 37108.75 within the first few minutes of trading and then continued moving on the downside for the whole day. Prices have fallen more than 700 points and recorded its intraday low at 36367.45. The index finally closed at 36587. PSU Banks have continued to outperform and closed higher by 5.60% while Private Banks have closed lower by 1.13%. Within the index in terms of points Bank Baroda contributed highest while HDFC Bank the lowest. It was a trend day on the downside in the Bank Index where intraday high was near the opening and low near the close. Yesterday we have mentioned support around 36000. Last three days of decline have brought prices near this support level.

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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
L&TFH 101.90 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 100 and for the target 105
PNB 43.8 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 41 and for the target 47

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DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TECHM 1010 CE BUY 26 CMP 20 35 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ONGC.21.02 Feb 110.15 7.62 22.27 58427600 ICICIBANK.21.02 Feb 644.9 -2.18 16 121598125
COFORGE.21.02 Feb 2617.3 1.32 13.78 430500 BANKNIFTY.21.02 Feb 36608.05 -1 10.1 1693025
NTPC.21.02 Feb 103.55 3.86 12.11 84057900 CUMMINSIND.21.02 Feb 773.75 -2.09 9.94 1539600
ADANIENT.21.02 Feb 814.95 3.48 10.52 17244000 ASHOKLEY.21.02 Feb 129.4 -2.3 8.17 43362000
BHEL.21.02 Feb 42.75 6.34 10.36 123249000 M&MFIN.21.02 Feb 215 -0.65 6.37 15756000
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
PNB.21.02 Feb 44 5.26 -8.89 158480000 FINNIFTYW.21.02 Feb 16999.5 -1.6 -76.26 4520
CONCOR.21.02 Feb 557.45 2.61 -2.21 6009735 LALPATHLAB.21.02 Feb 2491 -4.31 -6.83 143250
SAIL.21.02 Feb 66.95 3.56 -2.2 97850000 MFSL.21.02 Feb 870.5 -0.01 -4.72 3646500
MINDTREE.21.02 Feb 1708.1 1.74 -1.13 1398400 APOLLOTYRE.21.02 Feb 236.25 -2.64 -4 17160000
NMDC.21.02 Feb 120.15 2.74 -0.96 46243400 MOTHERSUMI.21.02 Feb 220.8 -3.22 -1.78 31738000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Petronet Lng Limited 246.1 2.41 13992508 4934932 73.01 Nifty Energy 18770.65 2.54 90933
Indus Towers Limited 259.65 1.21 8439925 11131339 72.97 Nifty it 25618.55 1.33 90933
Hindustan Unilever Ltd 2146.85 -0.79 3205806 1468089 59.97 Nifty Metal 3623.05 1.31 90933
Dabur India Ltd. 520.05 0 3416920 1443086 59.22 Nifty Fmcg 33373.9 -0.43 90933
Torrent Pharma Ltd. 2521.2 -0.67 333066 186069 57.78 Nifty Realty 352.65 -0.52 90933
Britannia Ind Ltd. 3359.45 -0.14 616156 487023 56.2 Nifty Pharma 12517.5 -0.53 90933
Bharti Airtel Limited 589.05 -0.81 21784559 8755001 54.27 Nifty 50 15118.95 -0.59 90933
Berger Paints (i) Ltd 758.7 0.86 1502166 515112 51.19 Nifty Media 1692.2 -0.77 90933
Kotak Mahindra Bank Limi 1945.45 -2.21 3538208 2241551 51 Nifty Bank 36587 -0.88 90933
Hdfc Ltd. 2745.15 -2.15 2937262 1410603 49.07 Nifty Auto 10827 -1.35 90933

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Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR:  Infrastructure Output YoY (Jan) on 26th  February, 2021

INR:  GDP Quarterly (YoY) (Q3) on 26th  February, 2021

•USD :  Manufacturing PMI (Feb) on 19th February, 2021

•USD :  Existing Home Sales (Jan) on 19th February, 2021

News Updates

•The construction arm of L&T has secured an order in the range of Rs 1,000-2,500 crore to construct the Main Plant Civil Works of the Kudankulam 5 and 6 units. The Kudankulam Nuclear Power Plant is India’s first Light Water Reactor (LWR) of 6 units with a generation capacity of 1,000 MWe (megawatt electrical) each.

•Nestle wants to keep growing organic sales towards a mid-single-digit rate this year, the food giant said on Thursday, after strong demand for pet food and health products in the Americas helped its growth outshine peers last year.

•Demand for air travel continued to grow during the month of January 2021 on the back of capacity addition by airlines and increase in the number of people taking flights, as the number of coronavirus cases declined in the country. Indian airlines registered an increase of 5.5% in passenger numbers during the month of January over December last year.

•NTPC on Thursday announced that unit-2 of its Gadarwara Super Thermal Power Station with 800 megawatt (MW) capacity, in Madhya Pradesh has been included in its installed electricity generation capacity. With this, the 1,600 MW Gadarwara Super Thermal Power Station (2 x 800 MW) has become fully operational. The Unit-1 of the project was synchronised in early 2019.

Source: Economic Times,  Moneycontrol  ,Business Today, Livemint, Business Standard, Bloomberg Quint

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Board Meetings

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ASIANTNE Quarterly Results 19-Feb-21 SUNEDISON Quarterly Results 19-Feb-21
BINANIIND Quarterly Results 19-Feb-21 UDL Quarterly Results 19-Feb-21
BUTTERFLY Interim Dividend 19-Feb-21 UNIPLY Quarterly Results 19-Feb-21
CHROMATIC Quarterly Results 19-Feb-21 UNIWSEC Quarterly Results 19-Feb-21
CYBERMEDIA General;Preferential Issue of shares 19-Feb-21 BHAGYAPROP Voluntary Delisting of Shares 20-Feb-21
EASTWEST Bonus issue;General;Stock  Split 19-Feb-21 CLFL Quarterly Results 20-Feb-21
EMAMIPAP General 19-Feb-21 INDSUCR Quarterly Results 20-Feb-21
MAHINDCIE Audited Results 19-Feb-21 JUMPNET General;Quarterly Results 20-Feb-21
MUTHOOTFIN General 19-Feb-21 PADAMCO General 20-Feb-21
SOTL Buy Back of Shares 19-Feb-21 RELTD General;Preferential Issue of shares 20-Feb-21

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AUROPHARMA 22-Feb-21 Interim Dividend – Rs. – 1.50 SELAN 22-Feb-21 Interim Dividend – Rs. – 5.00
DCMSRMIND 22-Feb-21 Interim Dividend – Rs. – 5.00 SHANTIGEAR 22-Feb-21 Interim Dividend – Rs. – 1.50
GOLDIAM 22-Feb-21 Interim Dividend – Rs. – 2.00 TIINDIA 22-Feb-21 Interim Dividend – Rs. – 2.00
ITC 22-Feb-21 Interim Dividend – Rs. – 5.00 COCHINSHIP 23-Feb-21 Interim Dividend – Rs. – 4.00
MAZDOCK 22-Feb-21 Interim Dividend – Rs. – 5.4100 IRCON 23-Feb-21 Interim Dividend – Rs. – 1.30
MERCURYLAB 22-Feb-21 Interim Dividend – Rs. – 1.50 NIITLTD 23-Feb-21 Buy Back of Shares
NATCOPHARM 22-Feb-21 Interim Dividend – Rs. – 1.00 OIL 23-Feb-21 Interim Dividend – Rs. – 3.50
NHPC 22-Feb-21 Interim Dividend – Rs. – 1.2500 PRECWIRE 23-Feb-21 Interim Dividend – Rs. – 2.00
PANCHSHEEL 22-Feb-21 Interim Dividend – Rs. – 1.50 SJVN 23-Feb-21 Interim Dividend – Rs. – 1.80

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