2021-01-19-OutlookNIFTY:

The Nifty opened at 14453.30 with a minor gap up of 20 points. The index did not sustain there and saw a sharp decline. The index then traded narrow and choppy for atleast 3 hours and then saw a mild recovery. The recovery did not last long and another round of selling came in the last hour of trading. The index finally closed at 14281.30 with a loss of 152 points. All the sectoral indices have closed with losses led by the Metal, Pharma and Realty sectors.

The Nifty continued moving volatile as prices have seen two intraday declines and one rally of more than 100 points. But it was bears that have control over the market and index closed lower by more than 1%.

Back to Back trend days on the downside brought the Nifty below 14300 and now heading towards its support around 14000.

The Nifty has witnessed two large range days so it is quite possible that we may see one or two choppy and narrow range days.

BANK NIFTY:

Bank Nifty opened at 32275.15 with a minor gap up of just 18 points. The index initially traded sideways and recorded its intraday high t 32441.50. Prices have seen a sharp intraday fall and then a mild recovery and then again seen another round of sharp selling in the last hour of trading. The index finally closed at 31811. PSU Banks have continued to underperform and closed lower by 2.44% while Private Banks also closed lower by 1.36%.Within the index HDFC Bank contributed highest while Axis Bank the lowest.

It was a trend day on the downside where prices have recorded its intraday high near the opened tick and intraday low near the closing tick.  Back to Back decline has brought the index near its support of 31500.

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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
APOLLOHOSP 2609.25 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 2580 and for the target 2650.
LICHSGFIN 411.15 SELL The stock has given a breakdown from a narrow trading range. The stock can be sold at CMP with a stop at 419 and for the target 395.

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DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
RELIANCE 1980 CE BUY 57 CMP 44 75 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
UPL.21.01 Jan 556.3 6.39 9.71 17611100 L&TFH.21.01 Jan 96.55 -6.76 16.2 33399200
PVR.21.01 Jan 1488.1 2.61 6.46 1690271 BANKNIFTY.21.01 Jan 31708.95 -1.87 15.86 1679850
ITC.21.01 Jan 218.45 0.11 6.37 1.13E+08 APOLLOTYRE.21.01 Jan 178.4 -3.18 13.31 14000000
HINDPETRO.21.01 Jan 230.65 0.46 1.9 27936900 RAMCOCEM.21.01 Jan 785.65 -4.45 12.06 1501100
INDUSINDBK.21.01 Jan 925.9 -4.37 11.18 15303600
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
ICICIPRULI.21.01 Jan 505.85 0.77 -1.76 4512000 GODREJPROP.21.01 Jan 1347.8 -2.72 -10.84 1363050
TITAN.21.01 Jan 1499 1.12 -1.41 6627750 CUMMINSIND.21.01 Jan 591 -2.15 -10.05 2073600
JUBLFOOD.21.01 Jan 2788.9 1.76 -0.89 1481500 SAIL.21.01 Jan 65.9 -6.52 -9.94 128098000
RELIANCE.21.01 Jan 1973 1.75 -0.85 35572000 IDEA.21.01 Jan 13 -5.45 -7.71 862050000
HDFCBANK.21.01 Jan 1481.05 0.8 -0.23 31270250 FINNIFTYW.21.01 Jan 15203.3 -1.77 -6.43 18040

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation o 195.75 -3.57 14691747 4729915 62.15 Nifty Fmcg 34502.85 -0.37 83343
Hindustan Unilever Ltd 2332.6 -0.79 1733797 1235348 60.47 Nifty Energy 17200.75 -0.81 83343
Aarti Industries Ltd. 1226.25 -2.41 254770 94549 56.33 Nifty 50 14281.3 -1.06 83343
Asian Paints Limited 2588.2 -0.1 2395168 1397161 54.36 Nifty Bank 31811.75 -1.35 83343
Infosys Limited 1312.05 -2.45 8861765 8103557 53.96 Nifty it 25916.25 -1.69 83343
Tata Consumer Products l 584.75 -2.93 3346718 2241375 49.89 Nifty Realty 324.55 -2.02 83343
Hdfc Ltd. 2566.5 -2.52 5154593 1262664 48.88 Nifty Auto 9961.1 -2.13 83343
Marico Limited 411.05 -1.42 2074676 1393266 48.23 Nifty Media 1693.65 -2.25 83343
Hdfc Asset Management Co 3185.85 -1.8 325098 211510 47.83 Nifty Pharma 12653.5 -2.77 83343
Tata Consultancy Serv Lt 3221.75 -0.36 4160906 1959292 47.42 Nifty Metal 3308.5 -4.08 83343

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UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  FX Reserves, USD on 22nd January, 2021 •USD : Crude Oil Inventories on 20th January, 2021

•USD : Philadelphia Fed Manufacturing Index (Jan) on 21st January, 2021

NEWS UPDATES

•Mindtree on Monday reported 66% rise in consolidated net profit at ₹327 crore for the quarter ending 31 December, 2020. It was ₹197 crore in the year-ago period. Consolidated revenue from operations increased 3% to ₹2,024 crore as against ₹1,965 crore in December 2019. Dollar revenue decreased 0.4% on an annual basis at $274.1 million.

•Private sector lender HDFC Bank has provided a remedial plan on its e-banking outages to the Reserve Bank of India (RBI) and expects the strategies to take shape in 10-12 weeks, following which it will request an inspection by the regulator.

•Total SE will acquire a minority stake in Adani Green Energy Ltd. as the French company bets on India’s push for cleaner fuels. Total will buy a 20% stake in Adani Green from the promoter group, and half the ownership in operative solar assets for $2.5 billion, according to a company statement. As of September 2020, the promoter group held 74.92% stake in Adani Green.

•Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala increased their stake in Indian Hotels to 2.1% during the December quarter as against 1.05% in September.

•Tata Steel on Friday said its total output from India operations rose 3% to 4.60 million tonnes (MT) during the October-December quarter of the current financial year.

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

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BOARD MEETING

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
APLLTD General;Quarterly Results 19-Jan-21 MOLDTKPAC Quarterly Results 19-Jan-21
CEATLTD Quarterly Results 19-Jan-21 NETWORK18 Quarterly Results 19-Jan-21
CSBBANK Quarterly Results 19-Jan-21 RELICAB General;Preferential Issue of shares 19-Jan-21
DCMSHRIRAM Interim Dividend;Quarterly Results 19-Jan-21 SHREEGANES Quarterly Results 19-Jan-21
GDL Quarterly Results 19-Jan-21 SKIPPER Quarterly Results 19-Jan-21
HATSUN Quarterly Results 19-Jan-21 TATACOMM Quarterly Results 19-Jan-21
HTMEDIA Quarterly Results 19-Jan-21 TATAMETALI Audited Results;Quarterly Results 19-Jan-21
ICICIGI Audited Results;Quarterly Results 19-Jan-21 TATASTLBSL Quarterly Results 19-Jan-21
JSWISPL Quarterly Results 19-Jan-21 TV18BRDCST Quarterly Results 19-Jan-21
LTI Quarterly Results 19-Jan-21 VISHALBL General 19-Jan-21
MAHABANK Quarterly Results 19-Jan-21 VSSL Quarterly Results 19-Jan-21

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
IRBINVIT 20-Jan-21 Income Distribution (InvIT) DCMSHRIRAM 27-Jan-21 Interim Dividend
HCLTECH 21-Jan-21 Interim Dividend – Rs. – 4.0000 GAIL 27-Jan-21 Buy Back of Shares
TAALENT 21-Jan-21 Interim Dividend – Rs. – 20.0000 GAIL 27-Jan-21 Interim Dividend – Rs. – 2.5000
CESC 22-Jan-21 Interim Dividend – Rs. – 45.0000 GMM 28-Jan-21 Interim Dividend
TOWERINFRA 22-Jan-21 Income Distribution (InvIT) HAVELLS 28-Jan-21 Interim Dividend
WIPRO 22-Jan-21 Interim Dividend – Rs. – 1.0000 IEX 28-Jan-21 Interim Dividend


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