The Nifty opened at 15437.75 without any gap. The index initially moved down and recorded its intraday low at 15374. Prices found support there and moved up. The index rallied more than 200 points intraday to record its high at 15606.35. The index finally closed at 15582.80 near its high. The Financial, Bank and Metal have performed well while Media and Auto sectors closed lower. We were long in the Nifty on a breakout above 15350. We suggested a stop of 15350 and target of 15500. Prices have rallied and reached the target. It was a trend day in the index where prices have rallied more than 200 points intraday and ended with a gain above 15500. The index continued recording its lifetime new highs for the second consecutive day. Support is visible around 15200. The index has seen an upside move of about 700 points in the last seven days without any correction. So it is possible that we may see a dip or a brief consolidation.
Bank Nifty opened at 35097.45 with a gap down of 125 points. The index moved down further and recorded its intraday low at 34930.10. Prices then moved up and recovered all losses. PSU Banks underperformed and closed with a loss while Private Banks performed better and closed with gains. Within the index, in terms of points ICICI Bank contributed highest while Federal Bank the lowest.
We had taken a long trade on the long side on a breakout above 35000 and for the target of 36000. Strong resistance is visible around 36500 and support around 34500.
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|JSWSTEEL||710.90||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 700 and for the target 724|
|ADANIENT||1316.30||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1305 and for the target 1310|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|DABUR||540 CE||BUY||14.4||CMP||10||21||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|NAM-INDIA.21.06 Jun||368||6.4||63.3||2121600||M&M.21.06 Jun||810.8||-4.79||29.37||11235000|
|LALPATHLAB.21.06 Jun||2972||5.24||22.17||500000||NAUKRI.21.06 Jun||4385||-2.4||12.76||1595750|
|FINNIFTYW.21.06 Jun||16648.1||0.7||18.75||1520||UBL.21.06 Jun||1258.25||-1.27||11.57||1208200|
|PETRONET.21.06 Jun||243.25||0.43||15.57||18969000||AUROPHARMA.21.06 Jun||1005.7||-1.97||10.35||9673300|
|LICHSGFIN.21.06 Jun||470||2.47||13.71||6934000||BANKBARODA.21.06 Jun||80.9||-4.2||7.21||227857500|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|DABUR.21.06 Jun||544.6||2.17||-6.17||10172500||L&TFH.21.06 Jun||94.1||-0.11||-2.28||50795408|
|MANAPPURAM.21.06 Jun||163.1||4.18||-5.71||27852000||SUNTV.21.06 Jun||545||-0.85||-1.72||14910000|
|CHOLAFIN.21.06 Jun||550.1||0.69||-3.74||9880000||BHARATFORG.21.06 Jun||679||-0.37||-1.23||6855000|
|ALKEM.21.06 Jun||2985.05||0.6||-2.61||358000||BHEL.21.06 Jun||71.5||-1.24||-1.15||86467500|
|EICHERMOT.21.06 Jun||2677.3||0.99||-2||2507750||COFORGE.21.06 Jun||3560.9||-0.05||-0.88||1061250|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Petronet Lng Limited||241.45||0.27||6795829||6799151||84.07||Nifty Metal||5161.8||2.1||71268|
|Power Grid Corporation o||225.65||0.09||7370024||5940821||69||Nifty Energy||19908.95||1.75||71268|
|Hindustan Unilever Ltd||2340.05||0.79||1178704||816237||67.16||Nifty Realty||336.15||1.37||71268|
|Hdfc Bank Ltd.||1515.85||0.82||7830527||5295971||59.67||Nifty Bank||35526.65||1.1||71268|
|Bandhan Bank Limited||307.4||1.29||8322239||4513619||59.08||Nifty Fmcg||35243.1||1.01||71268|
|Hcl Technologies Ltd.||945.2||0.28||4171524||2333102||56.93||Nifty Pharma||14051.75||0.84||71268|
|Alembic Pharmaceuticals||951.1||0.98||155211||96157||56.07||Nifty it||27115.05||-0.03||71268|
|Hdfc Ltd.||2552.85||0.45||3221015||1376529||54.02||Nifty Media||1761.45||-1.36||71268|
UPCOMING ECONOMIC DATA
|INR: Nikkei Markit Manufacturing PMI (May) on 1st June, 2021
INR: Trade Balance (May) on 1st June, 2021
|•USD : ISM Manufacturing PMI (May) on 1st June, 2021
•USD : ADP Nonfarm Employment Change (May) on 3rd June, 2021
|•The central government’s fiscal deficit ended a little below the revised estimates presented in the Union Budget in February, showed data released by the Controller General of Accounts on Monday. The government’s fiscal deficit settled at Rs 18.2 lakh crore or 98.5% of its revised estimate of Rs 18.49 lakh crore. In the Budget for 2021-22, the government had projected the fiscal deficit for FY21 at 9.5% in 2020-21, and said that it will target 6.8% in 2021-22.
•The S&P BSE Sensex posted its biggest May month rally in the past seven years after a sharp surge in consumer discretionary, financials and Reliance Industries (RIL) stock. And if analysts are to be believed, there is still more room for an upside, albeit amid minor corrections on the way. The optimism is despite the second wave of Covid pandemic that brought the Indian economy to a near standstill yet again in 2021. This time, however, analysts believe the impact to be less severe as compared to 2020.
•Paytm will look to raise up to $1.5 billion as part of primary share sale leading up to its initial public offering, which is planned for November, a person familiar with the developments said. According to this person, Paytm will offer shares to qualified institutional buyers and retail investors.
•India’s Dr. Reddy’s Laboratories is in talks with the government to bring Russia’s Sputnik Light COVID-19 vaccine into the country, a company spokesperson told Reuters on Monday. Dr. Reddy’s is also in talks with the Indian government and the private sector to supply the two-dose Sputnik V vaccine, which the company expects to commercially launch in the country in the middle of next month.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|BALRAMCHIN||Audited Results||01-Jun-21||KONNDOR||Audited Results||02-Jun-21|
|EMAMIPAP||Audited Results;Dividend||01-Jun-21||LYKALABS||Audited Results||02-Jun-21|
|FCL||Preferential Issue of shares||01-Jun-21||MOTHERSUMI||Audited Results;Final Dividend||02-Jun-21|
|GUJGAS||Audited Results;Dividend||01-Jun-21||MTARTECH||A.G.M.;Audited Results;Final Dividend||02-Jun-21|
|ITC||Audited Results;Final Dividend||01-Jun-21||MUTHOOTFIN||Audited Results;General||02-Jun-21|
|NGLFINE||Quarterly Results;Final Dividend||01-Jun-21||NRBBEARING||Audited Results;Final Dividend||02-Jun-21|
|RADICO||Audited Results;Final Dividend||01-Jun-21||OCTAWARE||Results;Half Yearly Results;General||02-Jun-21|
|SALASAR||Bonus issue;Results;Final Dividend||01-Jun-21||PANACEABIO||Audited Results||02-Jun-21|
|SMEL||Audited Results||01-Jun-21||PRERINFRA||Audited Results||02-Jun-21|
|BIGBLOC||Audited Results;Final Dividend||02-Jun-21||PVR||Audited Results||02-Jun-21|
|BURNPUR||Audited Results||02-Jun-21||RATNAMANI||Audited Results;Final Dividend||02-Jun-21|
|DVL||Audited Results;Final Dividend||02-Jun-21||SPRAYKING||Audited Results||02-Jun-21|
|GARODCH||Audited Results||02-Jun-21||SPS||Bonus issue;General||02-Jun-21|
|JPOLYINVST||Audited Results||02-Jun-21||WAAREE||Audited Results||02-Jun-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|INDIGRID||01-Jun-21||Income Distribution (InvIT)||CUB||04-Jun-21||Interim Dividend – Rs. – 0.30|
|KANPRPLA||02-Jun-21||Special Dividend – Rs. – 1.00||MANAPPURAM||04-Jun-21||Interim Dividend – Rs. – 0.7500|
|TOWERINFRA||02-Jun-21||Income Distribution (InvIT)||JAYBARMARU||07-Jun-21||Bonus issue 1:1|
|CYIENT||03-Jun-21||Final Dividend – Rs. – 17.00||NELCO||07-Jun-21||Dividend – Rs. – 1.20|
|RAWEDGE||03-Jun-21||Bonus issue 1:5||HUHTAMAKI||09-Jun-21||Final Dividend – Rs. – 3.00|
|SBIN||03-Jun-21||Dividend – Rs. – 4.00||RALLIS||09-Jun-21||Final Dividend – Rs. – 3.00|
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