The Nifty opened at 15058.60 with a gap down of 50 points. The index first moved up, prices filled the gap down completely and recorded its intraday high at 15133.4. The index then traded very volatile with sharp moves on both sides and recorded its intraday low at 15008.85. Finally the index closed near its intraday low. The Realty, Media and Pharma sectors have performed well and closed higher by more than 1%. Banks, Financials and Auto have led the bears. It was a volatile day in the index where prices moved in both directions and finally closed near the low. Short term trend is still up as long as prices are above 15000 support.
We should look to buy the index on dips if the index comes close to 14950. If the index opens below 14950 with a gap down then wait for prices to cross 15000 intraday and then look to buy. Keep a stop of 100 points and a target of 240 points.
Bank Nifty opened at 3317.10 with a gap down of 237 points. The index first moved up, filled the gap completely and then fell down. Prices have traded very volatile recorded its low at 33608.25 and finally closed at 33685.20. PSU Banks have performed well and closed with gain while Private Banks have underperformed and closed with loss. Within the index, Axis Bank contributed highest while HDFC Bank the lowest. It was a volatile day in the Bank Nifty. Prices have moved up and down for the whole day and finally ended with a loss.
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|LTI||3747.10||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 3710 and for the target 3820|
|IOC||107.20||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 104 and for the target 112|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|MPHASIS||1780 CE||BUY||38.05||CMP||24||60||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|AXISBANK.21.05 May||715.5||0.41||18.29||47920800||COFORGE.21.05 May||3294||-4.17||126.21||2025750|
|VOLTAS.21.05 May||1017.1||0.72||14.9||2760000||AARTIIND.21.05 May||1647.5||-5.73||36.95||1184475|
|MINDTREE.21.05 May||2103.15||0.08||13.16||1991200||PIIND.21.05 May||2579||-6.22||30.82||547500|
|IOC.21.05 May||107.5||1.32||9.03||83778500||CUMMINSIND.21.05 May||838.35||-0.38||9.76||1538400|
|GODREJPROP.21.05 May||1286||2.05||8.91||1899300||ADANIENT.21.05 May||1299.85||-2.73||8.62||15365000|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|DABUR.21.05 May||539.7||1.12||-4.78||11885000||FINNIFTYW.21.05 May||16008.25||-1.16||-81.23||2560|
|ASHOKLEY.21.05 May||124.75||0.93||-4.74||32935500||ESCORTS.21.05 May||1178.2||-0.41||-4.4||2677950|
|APOLLOTYRE.21.05 May||216.9||0.56||-4.35||14962500||BAJFINANCE.21.05 May||5633.9||-1.21||-4.14||3616375|
|NAVINFLUOR.21.05 May||3204||0.32||-4.12||460350||NATIONALUM.21.05 May||74.75||-2.1||-2.86||72726000|
|MPHASIS.21.05 May||1778||0.24||-3.93||325325||MCDOWELL-N.21.05 May||572.95||-0.42||-2.76||13015000|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Kotak Mahindra Bank Limi||1730.55||-1.4||2372042||3383150||72.62||Nifty Media||1655.2||2.01||101001|
|Icici Lombard General In||1504.95||1.2||332439||282274||63.72||Nifty Pharma||14001.35||1.22||101001|
|Infosys Limited||1337||-0.22||4435878||3553759||63.23||Nifty Energy||19308.1||0.55||101001|
|Hdfc Asset Management Co||2848.5||0.47||133667||96275||62.18||Nifty it||25982.8||0.09||101001|
|Hindustan Unilever Ltd||2359.75||-0.61||1323590||706218||61.21||Nifty Fmcg||34729.7||-0.03||101001|
|Hdfc Bank Ltd.||1458.2||-1.25||5065458||6640863||59.92||Nifty 50||15030.15||-0.52||101001|
|Hdfc Ltd.||2459.85||-1.72||2031903||1663429||58.48||Nifty Bank||33685.2||-0.7||101001|
|Larsen & Toubro Infotech||3747.7||3.09||718564||372776||56.84||Nifty Auto||10249.1||-0.73||101001|
|Hdfc Life Insurance Comp||666.15||-0.08||2252486||1021555||56.46||Nifty Metal||5245.95||-0.92||101001|
UPCOMING ECONOMIC DATA
|INR: Deposit Growth YoY MAY on 21st May, 2021
INR: Bank Loan Growth YoY MAY on 21st May, 2021
|•USD: Initial Jobless Claims on 20th May, 2021
•USD : Existing Home Sales (Apr) on 21st May, 2021
|•With Blackstone Group Inc.’s commitment to stay invested removing a big overhang, Mphasis Ltd. has guided for growth in low teens for the ongoing fiscal. Among a few information technology firms that saw revenue rise in double digits in FY21, the company prioritised growth over margins in the previous fiscal, according to Nitin Rakesh, chief executive officer at Mphasis. Revenue from top 10 clients grew, banking vertical delivered 23% year-on-year growth, revenue from newer verticals rose and expanded to new geographies in FY21, he said. The core direct business grew 17% last fiscal and now accounts for 86% of revenue.
•Drugmaker Dr Reddys Laboratories is in discussions with the Russian Direct Investment Fund (RDIF) for acquiring rights of Covid-19 vaccine Sputnik V for more countries.
•India’s largest IT services player Tata Consultancy Services (TCS) in its annual report for fiscal 2020-2021 said that in a highly fragmented global IT services market, the company has grown at twice the rate of market growth over the past decade. With even the largest provider having a mid-single digit market share. TCS is among the largest IT services providers globally, with a market share of 1.6 per cent, and has significantly outperformed the market, said the company in its Annual Report.
•S & P Global Ratings has affirmed B ratings on Tata Motors and revised outlook to stable on improving underlying demand. S & P said the company’s sales for the fourth quarter of fiscal 2021 indicate a material improvement in underlying demand for both commercial vehicles and passenger cars. The agency estimates earnings at Tata Motors’ Indian operations will rise over the period toward fiscal 2019 levels when the company reported EBITDA of over Rs 7,000 crore.
•Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ACRYSIL||Final Dividend;Audited Results||20-May-21||NDTV||Audited Results||20-May-21|
|BOSCHLTD||Dividend;Audited Results||20-May-21||PLASTIBLEN||Dividend;Audited Results||20-May-21|
|COSMOFILMS||Audited Results||20-May-21||RADIOCITY||Audited Results||20-May-21|
|DISAQ||A.G.M.;Audited Results;Final Dividend||20-May-21||RELAXO||Final Dividend;Audited Results||20-May-21|
|ELECTCAST||Dividend;Audited Results||20-May-21||THEINVEST||Audited Results||20-May-21|
|EMKAY||Final Dividend;Audited Results||20-May-21||TORNTPOWER||Final Dividend;Audited Results||20-May-21|
|EPL||Audited Results;Final Dividend||20-May-21||ULTRAMAR||Dividend;Audited Results||20-May-21|
|HAVELLS||Final Dividend;Audited Results||20-May-21||UNIONBANK||General||20-May-21|
|HINDPETRO||Audited Results;Final Dividend||20-May-21||USHAMART||Audited Results||20-May-21|
|IL&FSENGG||General||20-May-21||VIRAT||Final Dividend;Audited Results||20-May-21|
|JKLAKSHMI||Dividend;Audited Results||20-May-21||ZEEL||Audited Results;Final Dividend||20-May-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|GREENCREST||20-May-21||Consolidation of Shares||KENNAMET||24-May-21||Interim Dividend – Rs. – 20.00|
|IRCON||20-May-21||Bonus issue 1:1||WELSPUNIND||24-May-21||Buy Back of Shares|
|JOSTS||20-May-21||Stock Split From Rs.10/- to Rs.5/-||WELSPUNIND||24-May-21||Dividend – Rs. – 0.1500|
|MINDSPACE||20-May-21||Income Distribution RITES||SPECMKT||25-May-21||E.G.M.|
|VIKASLIFE||20-May-21||Right Issue of Equity Shares||TCS||25-May-21||Final Dividend – Rs. – 15.00|
|EMERALL||24-May-21||Stock Split From Rs.10/- to Rs.5/-||TRIDENT||25-May-21||Final Dividend – Rs. – 0.3600|
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