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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Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Alkem 2973.45 0.81 145167 197418 79.21 Nifty Realty 313.8 2.15 101001
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


   Domestic                                                                                                                                                  International
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

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•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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