The Nifty opened at 14471.15 with a gap down of 86 points. The index recorded its intraday low at 14350.10 within the first 20 minutes of trading and started moving higher. Prices have rallied more than 250 points from its intraday lows and then spent the afternoon trading choppy and sideways for almost 3 hours. Another rally came in the last one and half hour trading and the Nifty finally closed at 14744 with a gain of 186.15 points. All the sectoral indices except the Realty have seen an upside move and closed higher. Prices have seen a sharp intraday rally of almost 400 points and ended above 14700. It was a trend day on the upside where the intraday low was near the opening tick and intraday high near the closing tick. A decline from the last five trading days stopped. However the volatility is still high. Now we do not have any idea whether the rally was the beginning of a new up move or just a correction of the decline from 15200 to 14350. However the index keeps on recording wide range days suggesting narrow and choppy days are ahead. Strong support is visible around 14500 while strong resistance is visible around 15200. Prices have respected these levels on many occasions in the last 3 months of trading. That gives us a fairly large trading range of about 700 points.
Bank Nifty opened at 33590.40 with a gap down of 338 points. The index fell down further and recorded its intraday low at 33361. Prices then saw a stunning upside move for the whole day, recorded its intraday high at 34355.40 and finally closed at 34161 with a gain of 196 points. Private and PSU Banks both have seen an upside move and closed with gains. Within the index, in terms of points, ICICI Bank contributed highest while Kotak Bank the lowest. We had a short trade going on since 34500 and we decided to book around the opening tick. Fortunately the index opened with a gap down and we have closed our short trade with a gain of 900 points.
Bank Nifty stopped moving down after 5 days of sharp down move.
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|CHOLAFIN||552.85||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 546 and for the target 565|
|IGL||511.20||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 505 and for the target 520|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|AMBUJACEM||285 CE||BUY||4.05||CMP||2||7.4||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|FINNIFTY.21.03 Mar||15975||0.9||280.17||17640||PVR.21.03 Mar||1365.8||-2.26||11.82||1524622|
|CHOLAFIN.21.03 Mar||554.45||4.63||32.54||4887500||MOTHERSUMI.21.03 Mar||212.6||-2.05||11.73||30345000|
|POWERGRID.21.03 Mar||229||3.48||24.67||14980000||MFSL.21.03 Mar||860.15||-0.31||10.89||2489500|
|CUMMINSIND.21.03 Mar||887.1||4.07||23.61||1740000||APOLLOHOSP.21.03 Mar||2920||-1.41||7.6||1705500|
|GAIL.21.03 Mar||136.85||2.66||12.06||29810700||NATIONALUM.21.03 Mar||53.75||-2.36||7.43||67864000|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|NAM-INDIA.21.03 Mar||328.1||1.39||-9.13||1241600||GODREJPROP.21.03 Mar||1322.85||-2.15||-4.79||1822600|
|GUJGASLTD.21.03 Mar||519.8||0.42||-7.35||913750||SRF.21.03 Mar||5289.95||-0.18||-4.29||287500|
|IOC.21.03 Mar||96.1||1.53||-5.45||54450500||BAJAJFINSV.21.03 Mar||9449.65||-0.11||-3.86||541750|
|BANKNIFTY.21.03 Mar||34130||0.71||-5.26||1424300||PFC.21.03 Mar||124.25||-6.12||-3.53||31818400|
|SAIL.21.03 Mar||72.95||2.75||-5.12||77463000||MARUTI.21.03 Mar||7108.4||-0.15||-1.02||2132900|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hindustan Unilever Ltd||2312.05||4.37||5382214||1703943||65.61||Nifty Energy||18985.4||3.16||81492|
|Icici Lombard General In||1436.6||-0.11||581236||252046||59.39||Nifty Fmcg||34028.35||2.43||81492|
|Power Grid Corporation o||230.2||4.14||39563112||4673886||58.38||Nifty Pharma||11667.1||1.33||81492|
|Sbi Life Insurance Compa||906.7||1.82||2849173||1522514||57.28||Nifty 50||14744||1.28||81492|
|Petronet Lng Limited||224.1||-0.66||7375780||4123450||57.09||Nifty Media||1653.95||0.94||81492|
|Hdfc Ltd.||2531.65||0.68||5277763||1933529||55.87||Nifty Bank||34161.6||0.9||81492|
|Hindustan Petroleum Corp||234.75||0.47||6922401||4056423||54.83||Nifty it||25562.75||0.75||81492|
|Marico Limited||394.9||2.41||2834530||754113||54.54||Nifty Auto||10186.5||0.42||81492|
Upcoming Economic Data
|INR: FX Reserves, USD on 26th March, 2021
INR: Bank Loan Growth on 26th March, 2021
|•USD : Existing Home Sales (Feb) on 22nd March, 2021
•USD: New Home Sales (Feb) on 23rd March, 2021
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|•Tata Motors Ltd. said former Daimler AG manager Marc Llistosella won’t be joining as its next chief executive officer as previously announced because he is unable to relocate to India for “personal reasons.” Guenter Butschek will continue as the company’s CEO and managing director until June 30, the company said in a filing Friday. Llistosella, who headed Daimler Trucks in Asia, was due to take charge in July, Tata announced on Feb. 12. Butschek, a former Airbus SE executive, has been CEO since 2016.
•Tata Consultancy Services (TCS), India’s largest information technology (IT) firm, is set to roll out salary hikes for all of its over 469,000 employees from April 2021 – the second raise in six months. TCS has also become the first IT services player to announce salary hikes for FY22.
•Reliance Industries (RIL) is likely to launch an affordable, 5G-ready Android smartphone in the next fiscal’s second quarter, as the conglomerate continues to woo the over-300 million feature phone users in India to switch to its telecom arm, Reliance Jio. People familiar with the matter said RIL is working on a May-June timeline to complete the R&D of the device, which is being developed in partnership with tech giant Google.
•Top automakers including Maruti Suzuki, Tata Group, and Mahindra and Mahindra have evinced an interest in setting up vehicle-scrapping units in public-private partnership mode and will respond to government tenders on this. The Ministry of Road Transport and Highways is aiming to set up 50 such facilities in the country by March 2023.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ANMOL||Preferential Issue of shares||22-Mar-21||RAILTEL||Interim Dividend;Quarterly Results||22-Mar-21|
|COLPAL||Interim Dividend||22-Mar-21||VAIBHAVGBL||Stock Split||22-Mar-21|
|DRA||General||22-Mar-21||BLUECLOUDS||Preferential Issue of shares||23-Mar-21|
|MISHKA||General||22-Mar-21||IFCI||Preferential Issue of shares||23-Mar-21|
|MYSPAPE||General||22-Mar-21||KDDL||Right Issue of Equity Shares;General||23-Mar-21|
|PROFINC||Preferential Issue of shares||22-Mar-21||MONEYBOXX||General||23-Mar-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ALLCARGO||22-Mar-21||Interim Dividend – Rs. – 2.00||RAMCOCEM||22-Mar-21||Interim Dividend – Rs. – 3.00|
|GAIL||22-Mar-21||Interim Dividend – Rs. – 2.50||RAMCOIND||22-Mar-21||Interim Dividend – Rs. – 1.00|
|GRMOVER||22-Mar-21||Interim Dividend – Rs. – 20.00||RGL||22-Mar-21||Interim Dividend – Rs. – 4.50|
|MIDHANI||22-Mar-21||Interim Dividend – Rs. – 1.20||SWASTIKA||22-Mar-21||Interim Dividend – Rs. – 2.00|
|NATIONALUM||22-Mar-21||Interim Dividend – Rs. – 2.00||AGIIL||23-Mar-21||Interim Dividend – Rs. – 0.50|
|NMDC||22-Mar-21||Interim Dividend – Rs. – 7.7600||BEL||23-Mar-21||Interim Dividend – Rs. – 1.40|
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