The Nifty opened at 14526.70 with a big gap up of 167 points. Prices have recorded its intraday high almost at the same level and started moving downwards. The decline continued for the whole day and prices have recorded its intraday low at 14207.30. The index has seen a minor correction in the last 30 minutes of trading and finally closed at 14296.40 with a loss of 63.05 points. The IT sector has seen an underperformance while Media and Pharma have seen decent gains. The Nifty traded in a wide range. A gap up opening did not sustain and prices have seen a sharp intraday fall to end below 14300. It was a trend day on the downside. Bears had the upper hand as they brought pries almost 300 points lower from their intraday high. A strong support zone of 14300 has broken on the downside and prices have ended just below this support zone. This breakdown suggests more lower levels are ahead.
The short term trend is down. We should look to short if prices break below 14200, keep a stop of 110 points and a target of 200 points.
Bank Nifty opened at 31568.95 with a gap up of 362 points. Prices have continued moving higher for the first few minutes of trading and recorded its intraday high at 31731.65. The index then saw a sharp downside for the whole day, recorded its intraday low at 30891 and finally closed at 31112.70.
PSU and Private banks both have seen a minor decline and closed lower. Within the index, Axis Bank contributed highest while HDFC Bank the lowest. It was a trend day on the downside. Prices have seen an intraday decline of more than 800 points.
Trade AnyTime AnyWhere With Elite Empower Mobile App
|PIIND||2542||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 2490 and for the target 2700.|
|GRASIM||1291.90||SELL||The stock has given a breakdown from a narrow trading range. The stock can be sold at CMP with a stop at 1310 and for the target 1260.|
Get All Your Mutual Fund Portfolio Retuns on Your Mobile by Elite Kuber App
|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|MARUTI||6600 CE||BUY||152||CMP||115||220||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|ICICIPRULI.21.04 Apr||478.25||5.63||28.71||10603500||ACC.21.04 Apr||1817.1||-3.5||11.6||3554000|
|PVR.21.04 Apr||1042.4||4.39||19.84||2340657||AMBUJACEM.21.04 Apr||294||-2.42||11.3||17640000|
|PFIZER.21.04 Apr||5516.95||3.11||17.63||249375||TITAN.21.04 Apr||1518||-0.05||8.14||5649000|
|AARTIIND.21.04 Apr||1428.35||1.85||14.39||462825||HDFCBANK.21.04 Apr||1390.25||-1.61||8.1||31136600|
|BAJAJFINSV.21.04 Apr||9808.1||3.18||11.07||643500||HCLTECH.21.04 Apr||959.5||-3.41||7.97||19094600|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|M&MFIN.21.04 Apr||170.4||2.62||-7.72||15532000||FINNIFTYW.21.04 Apr||14890.7||-0.91||-91.67||1320|
|PIIND.21.04 Apr||2574||3.6||-6.24||402250||MINDTREE.21.04 Apr||2037.45||-2.98||-7.15||2294400|
|CADILAHC.21.04 Apr||555.5||5.17||-2.73||13941400||RAMCOCEM.21.04 Apr||965.25||-1.96||-5.42||1660050|
|IGL.21.04 Apr||503.1||0.82||-2.43||4809750||MPHASIS.21.04 Apr||1665||-2.35||-5.39||707525|
|PNB.21.04 Apr||33.65||1.2||-2.4||192144000||DEEPAKNTR.21.04 Apr||1556.7||-0.36||-4.72||1020000|
Get Stock Market Recommendation By Our Research Analysts
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Colgate Palmolive (india||1521.8||-0.92||429114||496196||59.98||Nifty Media||1479.3||3.05||87339|
|Hindustan Unilever Ltd||2397.45||-1.61||1589508||1047352||59.97||Nifty Pharma||13426.9||1.29||87339|
|Sbi Life Insurance Compa||898.95||-0.81||3593124||947117||59.93||Nifty Auto||9630.7||1.03||87339|
|Larsen & Toubro Limited||1331.5||1.61||2989204||2439476||58.68||Nifty Metal||4384.4||0.42||87339|
|City Union Bank Ltd.||158.3||0.19||1088175||1226391||58.08||Nifty Realty||301.25||0.32||87339|
|Hdfc Life Insurance Comp||685.2||2.89||5373233||2774896||56.21||Nifty Energy||17342||-0.09||87339|
|Petronet Lng Limited||219.85||2.26||3392176||1884853||56.21||Nifty Bank||31112.7||-0.31||87339|
|Pidilite Industries Ltd||1773.1||0.14||423329||247395||53.56||Nifty 50||14296.4||-0.44||87339|
|Icici Lombard General In||1399||2.81||928686||623256||53.06||Nifty Fmcg||34296.5||-0.64||87339|
|Kotak Mahindra Bank Limi||1697.7||-0.18||3317008||2045696||52.92||Nifty it||25877.6||-1.37||87339|
UPCOMING ECONOMIC DATA
|INR: Deposit Growth on 23th April, 2021
INR: Bank Loan Growth on 23nd April, 2021
|•USD : Existing Home Sales (Mar) on 22nd April, 2021
•USD: Initial Jobless Claims on 22nd April, 2021
|•One of Asia’s life insurance giants, Life Insurance Corporation of India (LIC) closed last fiscal with a new business premium or first year premium of Rs 1.84 trillion, the company said. The insurer also paid Rs.1.34 trillion as claims last fiscal. According to LIC, it earned a new business or first year premium of about Rs 1.84 trillion last fiscal up from about Rs 1.77 trillion earned the previous year.
•Media firm TV18 Broadcast Ltd NSE 0.55 % on Tuesday reported a 77.03 per cent increase in its consolidated net profit to Rs 251.08 crore for the fourth quarter ended in March 2021. The company had posted a net profit of Rs 141.83 crore for the January-March period of the previous fiscal, TV18 Broadcast said in a regulatory filing.
•Swaraj Engines (SEL) achieved its highest ever quarterly profit during Q4 of fiscal 2021. SEL achieved its ever best Q4 engine sales of 33,831 units by registering a growth of 62.4% over same period last year’s sale of 20,827 units. The board, while approving the annual accounts, recommended an equity dividend of Rs 50 per share for the financial year ended 31 March 2021. Further, the board, over and above the said normal dividend, has recommended a special dividend payment of Rs 19 per share, taking the total dividend to Rs 69 per share for FY 2020-21.
•Net profit of Tata Steel Long Products reported to Rs 339.86 crore in the quarter ended March 2021 as against net loss of Rs 133.23 crore during the previous quarter ended March 2020. Sales rose 53.40% to Rs 1546.74 crore in the quarter ended March 2021 as against Rs 1008.30 crore during the previous quarter ended March 2020.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|AMAL||Audited Results||22-Apr-21||RALLIS||Audited Results;Final Dividend||22-Apr-21|
|ANGELBRKG||Interim Dividend||22-Apr-21||RAWEDGE||Bonus issue;In. in Authorised Capital||22-Apr-21|
|CYIENT||Audited Results;Final Dividend||22-Apr-21||SASKEN||Audited Results;Final Dividend;General||22-Apr-21|
|FCL||Audited Results;Final Dividend||22-Apr-21||SUPRAP||General||22-Apr-21|
|FILATEX||Audited Results;Final Dividend||22-Apr-21||TATAELXSI||Audited Results;Final Dividend||22-Apr-21|
|HINDBIO||Audited Results||22-Apr-21||VISAKAIND||Audited Results;Final Dividend||22-Apr-21|
|INDBANK||Audited Results;General||22-Apr-21||ADROITINFO||Reduction of Capital||23-Apr-21|
|INDBNK||Audited Results;General||22-Apr-21||ANMOL||Preferential Issue of shares;General||23-Apr-21|
|INDSOYA||General||22-Apr-21||BIRLAMONEY||Quarterly Results;Audited Results||23-Apr-21|
|INDUSTOWER||Audited Results||22-Apr-21||BOMBWIR||Audited Results||23-Apr-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ASHFL||22-Apr-21||E.G.M.||EASEMYTRIP||27-Apr-21||Interim Dividend – Rs. – 2.00|
|CASTROLIND||22-Apr-21||Final Dividend – Rs. – 3.00||WAA||27-Apr-21||Bonus issue 1:1|
|MUTHOOTFIN||22-Apr-21||Interim Dividend – Rs. – 20.00||ZUARIGLOB||27-Apr-21||Interim Dividend – Rs. – 1.00|
|ELANTAS||26-Apr-21||Dividend – Rs. – 5.00||ARCHIDPLY||29-Apr-21||E.G.M.|
Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014
Elite Wealth Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only information in making their investment decision and must exercise their own judgment before making any investment decision.
For analyst certification and other important disclosures, see the Disclosure Appendix, or go to www.elitewealth.in. Analysts employed by Elite Wealth Limited are registered/qualified as research analysts with SEBI in India.( SEBI Registration No.: INH100002300)
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited, email@example.com
The analyst(s) certify that all of the views expressed in this report accurately reflect my/our personal views about the subject company or companies and its or their securities. I/We also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. Unless otherwise stated, the individuals listed on the cover page of this report are analysts in Elite Wealth Limited.
As to each individual report referenced herein, the primary research analyst(s) named within the report individually certify, with respect to each security or issuer that the analyst covered in the report, that:
(1) all of the views expressed in the report accurately reflect his or her personal views about any and all of the subject securities or issuers; and
(2) no part of any of the research analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in the report.
For individual analyst certifications, please refer to the disclosure section at the end of the attached individual notes.
This note may include excerpts from previously published research. For access to the full reports, including analyst certification and important disclosures, investment thesis, valuation methodology, and risks to rating and price targets, please visit www.elitewealth.in.Company-Specific Disclosures Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting https://www.elitewealth.in , or e-mailing firstname.lastname@example.org with your request. Elite Wealth Limited may screen companies based on Strategy, Technical, and Quantitative Research. For important disclosures for these companies, please e-mail email@example.com.Options related research:
If the information contained herein regards options related research, such information is available only to persons who have received the proper option risk disclosure documents. For a copy of the risk disclosure documents, please contact your Broker’s Representative or visit the OCC’s website at https://www.elitewealth.in
All research reports made available to clients are simultaneously available on our client websites. Not all research content is redistributed, e-mailed or made available to third-party aggregators. For all research reports available on a particular stock, please contact your respective broker’s sales person. Ownership and material conflicts of interest Disclosure
Elite Wealth Limited policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst’s area of coverage. Analyst compensation: Analysts are salary based permanent employees of Elite Wealth Limited. Analyst as officer or director: Elite Wealth Limited policy prohibits its analysts, persons reporting to analysts from serving as an officer, director, advisory board member or employee of any company in the analyst’s area of coverage. Country Specific Disclosures India – For private circulation only, not for sale.
Legal Entities Disclosures
Mr. Ravinder Parkash Seth is the Managing Director of Elite Wealth Ltd (EWL, henceforth), having its registered office at Casa Picasso, Golf Course Extension, Near Rajesh Pilot Chowk, Radha Swami, Sector-61, Gurgaon-122001 Haryana, is a SEBI registered Research Analyst and is regulated by Securities and Exchange Board of India. Telephone:011-43035555, Facsimile: 011-22795783 and Website: www.elitewealth.in
EWL Advisory discloses all material information about itself including its business activity, disciplinary history, the terms and conditions on which it offers research report, details of associates and such other information as is necessary to take an investment decision, including the following:
a) EWL Advisory or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(b) EWL Advisory or its associates or relatives, have no actual/beneficial ownership of one per cent. or more in the securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance;
(c) EWL Advisory or its associate or his relative, has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
(a) EWL Advisory or its associates have not received any compensation from the subject company in the past twelve months;
(b) EWL Advisory or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months;
(c) EWL Advisory or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(d) EWL Advisory or its associates have not received any compensation for products or services other than investment banking
or merchant banking or brokerage services from the subject company in the past twelve months;
(e) EWL Advisory or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research report.
3 In respect of Public Appearances
(a) EWL Advisory or its associates have not received any compensation from the subject company in the past twelve months;
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report and the types of services provided by EWL Advisory
Provided that research analyst or research entity shall not be required to make a disclosure as per sub-clauses (c), (d) and (e) of clause (ii) or sub-clauses (a) and (b) of clause (iii) to the extent such disclosure would reveal material non-public information regarding specific potential future investment banking or merchant banking or brokerage services transactions of the subject company.
(4) EWL Advisory or its proprietor has never served as an officer, director or employee of the subject company;
(5) EWL Advisory has never been engaged in market making activity for the subject company;
(6) EWL Advisory shall provide all other disclosures in research report and public appearance as specified by the Board under any other regulations.