Nifty had a directional day today- all the way up. Nifty opened a little lower than yesterday, then began an up move and the up move never stopped. It finally ended the day at the highs of the day closing at 10091,up 210 points. We had already discussed that the index is trading between a wide range whose lower boundary is 9488 and upper boundary is 10175. today’s directional move may pull nifty to the upper channel of this range.
The long term trend of the market had changed to up a few days ago. This uptrend remains intact. Momentum on the long term suggest a consolidation or dip.
One can trade this wide range in two ways-
First way is- short nifty at 10175 levels if index faces resistance there with a strict stop loss.
Second way is- if nifty breaks the 10175 level go long with a strict stop loss.
Bank nifty opened at 20137 a little lower than yesterday, and quickly formed a base at opened level only and then headed towards north throughout the day, finally closed at 20956.30 up 755 points.
Largely both private as well as public banks were contributors in index gain.
today’s quick move is indicating that index may go up to test the upper end of the wide trading range that is ( 17500 – 21500).
As we have already discussed that for bank nifty we should wait for close beyond this wide range ( 17500 – 21500) to initiate any trade.
|HDFC BANK||1019.95||BUY||The stock has corrected after a rally and has started an up move again. Traders should buy between 1005- 1010 with a stop at 991 and target of 1050|
|BALKRISHNA||1221.80||BUY||The short term trend is strong. The stock has given breakout on intraday as well as on daily chart. The stock can be bought above 1225 with a stop loss of 1212 and for the target of 1255.|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|MUTHOOTFIN.20.06 Jun||1145.95||15.82||91.62||3225000||IGL.20.06 Jun||449.7||-5.35||16.79||8485125|
|BHEL.20.06 Jun||31.9||15.79||23.33||54371200||BATAINDIA.20.06 Jun||1317.9||-0.16||11.28||1274900|
|MANAPPURAM.20.06 Jun||149.45||4.55||16.29||17046000||CUMMINSIND.20.06 Jun||369.65||-3.77||9.27||1178100|
|BANKNIFTY.20.06 Jun||20912.65||3.8||12.64||1995620||SRF.20.06 Jun||3614.7||-0.42||4.64||552250|
|L&TFH.20.06 Jun||64||4.32||11.47||23721600||VOLTAS.20.06 Jun||544.75||-0.19||4.44||3598000|
|Short Covering||Long unwinding|
|TATAMOTORS.20.06 Jun||96.4||1.1||-23.04||64891300||NMDC.20.06 Jun||82.55||-3.11||-10.96||25452000|
|VEDL.20.06 Jun||107.15||5.1||-15.8||75932500||IDEA.20.06 Jun||9.75||-1.52||-10.73||2.15E+08|
|HDFC.20.06 Jun||1854.35||3.47||-12.93||22442250||ESCORTS.20.06 Jun||991.15||-0.93||-10.01||2987600|
|CHOLAFIN.20.06 Jun||176.8||5.46||-10.5||6517500||HINDUNILVR.20.06 Jun||2046.95||-0.63||-8.46||16536600|
|SBIN.20.06 Jun||179.95||4.02||-9.94||1.08E+08||PETRONET.20.06 Jun||260.35||-0.55||-6.5||11487000|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Power Grid Corporatio 13||165.45||3.73||11093113||9791375||61.35||Nifty Bank||20956.3||3.74||24629970|
|Info Edge (india) Lim 21||2758.9||-1.43||263110||267612||61.05||Nifty Metal||1998.65||3||257710599|
|Hcl Technologies Ltd. 16||578.95||0.54||1918329||2040417||57.12||Nifty 50||10091.65||2.13||50954602|
|Oil & Natural Gas Cor 22||83.6||-0.71||18460702||8791595||56.94||Nifty Energy||14023.45||2.04||3149336|
|Infosys Limited 16%||713.9||1.46||6670206||3882325||53.24||Nifty Media||1360.65||1.73||376489817|
|Divi S Laboratories L 14||2310.45||0.45||304466||354136||50.63||Nifty Fmcg||28648.7||0.76||814698|
|Dabur India Ltd. 12%||440||-0.11||3947082||2403530||49.82||Nifty Auto||6535.9||0.5||78351435|
|Tata Consumer Product 21||372.15||0.69||1929542||1256424||49.14||Nifty it||14551.25||0.5||989365|
|Nestleind 15%||16178.95||-0.12||158448||61563||48.49||Nifty Pharma||9975.3||-0.02||51165083|
|Itc Ltd. 15%||186.6||2.98||28887658||11630369||48.4||India Vix||31.46||-5.67||157781350|
UPCOMING ECONOMIC DATA
|•INR: Bank Loan Growth on 19th June, 2020
•INR: FX Reserves, USD on 19th June, 2020
|•USA: Fed Chair Powell Speaks on 19th June, 2020|
|•Saudi Arabia-based Public Investment Fund (PIF) will invest Rs 11,367 crore for a 2.32 per cent equity stake in Mukesh Ambani’s Jio Platforms Limited on a fully diluted basis, making it the 11th company to do so in around two months. The investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. With this investment, Jio Platforms has raised over Rs 1.15 lakh crore (Rs 115,693.95 crore) from leading global.
•ICICI Prudential has announced a 15 per cent higher bonus payout in FY2019-20, totalling Rs 788 crore. This is the 14th consecutive year of bonus payout by the insurer to its policyholders, and the current payout will benefit 9 lakh customers, the company said in a statement on Thursday.
•Reliance Industries Ltd. is closing in on a deal that would see it acquire stakes in some units of Future Group, people familiar with the matter said, a move that would bolster the e-commerce ambitions of the conglomerate and its billionaire Chairman Mukesh Ambani. An agreement between Ambani’s Reliance and Future, which already has a partnership with Amazon.com Inc., could be announced as early as next month, the people said, asking not to be identified as the information isn’t public.
•The World Health Organization’s top scientist says it’s now been definitively proven that the cheap malaria drug hydroxychloroquine — the drug favoured by President Donald Trump — doesn’t work in stopping deaths among people hospitalized with the new coronavirus..
Source: Economic Times, Moneycontrol ,Business Today,Livemint, Business Standard, Bloomberg Quint
|Company Name5||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ANUHPHR||Audited Results||19-Jun-20||LICHSGFIN||Audited Results;Dividend;General||19-Jun-20|
|APMFINVEST||Audited Results||19-Jun-20||NOVARTIND||Audited Results;Final Dividend||19-Jun-20|
|BAJAJELEC||Audited Results;General||19-Jun-20||PNB||Audited Results||19-Jun-20|
|CADILAHC||Audited Results||19-Jun-20||PRIMESECU||Audited Results||19-Jun-20|
|CENTURYPLY||Audited Results;General||19-Jun-20||PTC||Audited Results;Final Dividend||19-Jun-20|
|CFEL||Audited Results||19-Jun-20||RAMCOCEM||Audited Results||19-Jun-20|
|CSL||Audited Results;Pref. Issue||19-Jun-20||UNICHEMLAB||Audited Results;Dividend||19-Jun-20|
|KIRLOSENG||Audited Results||19-Jun-20||ZUARI||Audited Results||19-Jun-20|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|HINDUNILVR||19-Jun-20||Final Dividend – Rs. – 14.00||NATCOPHARM||26-Jun-20||Interim Dividend – Rs. – 1.00|
|MOTOGENFIN||19-Jun-20||Stock Split From Rs.10/- to Rs.5/-||NAM-INDIA||29-Jun-20||Final Dividend – Rs. – 2.00|
|SCHAEFFLER||19-Jun-20||Final Dividend – Rs. – 35.00||SANOFI||29-Jun-20||Final Dividend – Rs. – 106.00|
|SHREDIGCEM||22-Jun-20||Dividend – Rs. – 1.50||SANOFI||29-Jun-20||Special Dividend – Rs. – 243.00|
|TATACHEM||22-Jun-20||Final Dividend – Rs. – 11.00||LAURUSLABS||1-Jul-20||Final Dividend – Rs. – 1.00|
|BAYERCROP||23-Jun-20||Interim Dividend – Rs. – 90.00||HINDPETRO||2-Jul-20||Final Dividend – Rs. – 9.75|
|CASTROLIND||26-Jun-20||Interim Dividend – Rs. – 3.00||SUNDARMFIN||2-Jul-20||Final Dividend – Rs. – 3.00|
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