The Nifty opened at 15042.60 with a gap up of just 12 points. The index first moved up for the first few minutes and recorded its intraday high at 15069.80. The index then started a down move for the whole day. The intraday low at 14884.90. The index then traded sideways in 30 minutes and finally closed at 14906.05.
All the secoral indices have closed lower except Realty. It was a trade day on the downside. The index broke below 15000 support and closed lower. If this is a correction of the previous up move then prices should find support near the current levels. But if not we may see a correction is 14700.
Bank Nifty opened at 33692.55witha gap up 33 points. The index recorded intraday high at 33833.70 in its initial trades and then started moving downwards. The decline continued throughout the day and prices finally closed at 333344. PSU Banks have performed well and closed with gains while Private Banks have unperformed. Indusind Bank continued highest while HDFC Bank the lowest.
The index is closing lower from the last two day and prices not have closed it is.
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|M&M FIN||160.25||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 157 and for the target 169|
|CHOLAFIN||570||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 562 and for the target 587|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|CUMMINS||780 CE||BUY||17.4||CMP||13||24||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|PIIND.21.05 May||2603.95||1.2||41.47||676250||BRITANNIA.21.05 May||3398||-2.73||28.97||1903800|
|BOSCHLTD.21.05 May||15949.85||7.53||38.66||143650||JINDALSTEL.21.05 May||403||-4.86||10.83||34595000|
|CHOLAFIN.21.05 May||572.9||4.98||26.02||7065000||FINNIFTYW.21.05 May||15832.95||-1.08||10.53||3360|
|CUMMINSIND.21.05 May||851.05||1.26||15.43||1768200||IGL.21.05 May||504.5||-2.41||9.42||5654000|
|M&M.21.05 May||805.5||2.28||10.16||11263700||HDFC.21.05 May||2454.95||-0.65||8.15||16309500|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|AARTIIND.21.05 May||1706.75||3.5||-14.95||931175||BANKNIFTY.21.05 May||33485.2||-0.93||-9.11||1442775|
|COFORGE.21.05 May||3332||1.04||-8||1792875||ADANIPORTS.21.05 May||767.2||-0.87||-4.55||68683750|
|RBLBANK.21.05 May||205.55||2.29||-5.35||19766400||POWERGRID.21.05 May||229.6||-1.94||-4.48||20572000|
|MRF.21.05 May||81574.95||1.89||-4.91||43230||APLLTD.21.05 May||964||-0.26||-3.92||1225400|
|NAVINFLUOR.21.05 May||3200.85||0.24||-4.87||413100||IOC.21.05 May||105.05||-2.46||-3.75||76934000|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hindustan Unilever Ltd||2344.15||-0.66||856235||838064||63.32||Nifty Realty||317||1.02||96342|
|Tata Consultancy Serv Lt||3060||-0.71||2329027||1244083||62.64||Nifty Auto||10226.4||-0.22||96342|
|Icici Prudential Life In||541.9||-0.44||1951638||1642286||60.75||Nifty Pharma||13970.2||-0.22||96342|
|Kotak Mahindra Bank Limi||1708.2||-1.29||2598038||1440512||60.73||Nifty Media||1651.3||-0.24||96342|
|Britannia Ind Ltd.||3422.55||-3.16||1046540||411973||59.84||Nifty it||25894.5||-0.34||96342|
|Hdfc Life Insurance Comp||667.5||0.2||4316905||1310653||58.19||Nifty Fmcg||34475.6||-0.73||96342|
|Icici Lombard General In||1527.85||1.52||896399||188850||56.81||Nifty Energy||19155.5||-0.79||96342|
|Dabur India Ltd.||535.8||-0.42||2586717||1340236||55.79||Nifty 50||14906.05||-0.83||96342|
|Hcl Technologies Ltd.||924.4||-0.75||4753782||2303193||55.12||Nifty Bank||33334.55||-1.04||96342|
|Itc Ltd.||207||-0.36||20884367||13273360||54.39||Nifty Metal||5077.35||-3.21||96342|
UPCOMING ECONOMIC DATA
|INR: Deposit Growth YoY MAY on 21st May, 2021
INR: Bank Loan Growth YoY MAY on 21st May, 2021
|•USD : Existing Home Sales (Apr) on 21st May, 2021|
|•India will resume buying crude oil from Iran once the US sanctions are eased, an Indian Oil Corporation (IOC) executive on Thursday said, adding Iranian crude was beneficial for Indian refineries. India stopped importing oil from Iran in mid-2019 following sanctions on the Persian Gulf nation by the Trump administration.
•The unemployment rate shot up to 14.5% in the week ended May 16, 2021, the highest in the last one year, compared to 8% in April, the Centre for Monitoring Indian Economy said. The unemployment rate had stood at over 23% in April and May 2020 during the nationwide lockdown.
•Banks are likely to transfer about 80 large NPA accounts for the resolution to National Asset Reconstruction Company Ltd (NARCL), which is expected to be operational by next month. NARCL is the name coined for the bad bank announced in the Budget 2021-22. A bad bank refers to a financial institution that takes over the bad assets of lenders and undertakes resolution.
•Bharti Airtel said that it is doubling down on its enterprise business by “re-tooling” its channels and product portfolio, adding that the telco cornered 31% enterprise market share in December 2020, an 8 percent share gain in two years. Gopal Vittal, CEO of Airtel claimed that Airtel’s enterprise business continued to gain market share not just annually but quarter on quarter.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|AARTISURF||Audited Results;Final Dividend||21-May-21||WOCKPHARMA||General||21-May-21|
|ANUHPHR||Audited Results;Final Dividend||21-May-21||JSWSTEEL||Final Dividend;Right Issue||21-May-21|
|BSOFT||Final Dividend;Quarterly Results||21-May-21||KOCL||Audited Results||21-May-21|
|CCL||Audited Results;Final Dividend||21-May-21||LALPATHLAB||Audited Results;Final Dividend||21-May-21|
|CONCOR||Results;Final Dividend;General||21-May-21||MEGRISOFT||Audited Results;Quarterly Results||21-May-21|
|CROMPTON||Audited Results;Final Dividend||21-May-21||METALFORGE||Quarterly Results||21-May-21|
|DHANUKA||Audited Results;Quarterly Results||21-May-21||NOVIS||Preferential Issue of shares||21-May-21|
|DHARAMSI||Dividend;Quarterly Results||21-May-21||SBIN||Audited Results;Dividend||21-May-21|
|ESABINDIA||Audited Results;Dividend||21-May-21||SHREECEM||Audited Results;Final Dividend||21-May-21|
|GODREJIND||Audited Results||21-May-21||SOUTHBANK||Audited Results;Dividend||21-May-21|
|HINDALCO||Audited Results;Final Dividend||21-May-21||TCIIND||Audited Results||21-May-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|EMERALL||24-May-21||Stock Split From Rs.10/- to Rs.5/-||TRIDENT||25-May-21||Final Dividend – Rs. – 0.3600|
|KENNAMET||24-May-21||Interim Dividend – Rs. – 20.00||AVANTEL||27-May-21||Final Dividend – Rs. – 4.00|
|WELSPUNIND||24-May-21||Dividend – Rs. – 0.1500||CIGNITI||27-May-21||Final Dividend – Rs. – 2.50|
|WELSPUNIND||24-May-21||Buy Back of Shares||INDINFR||27-May-21||Income Distribution (InvIT)|
|SPECMKT||25-May-21||E.G.M.||IBULHSGFIN||28-May-21||Interim Dividend – Rs. – 9.00|
|TCS||25-May-21||Final Dividend – Rs. – 15.00||JMFINANCIL||28-May-21||Dividend – Rs. – 0.50|
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