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 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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|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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|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|
|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
|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
|•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
|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|
|MAHINDCIE||Audited Results||19-Feb-21||JUMPNET||General;Quarterly Results||20-Feb-21|
|SOTL||Buy Back of Shares||19-Feb-21||RELTD||General;Preferential Issue of shares||20-Feb-21|
|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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