Morning-OutlookNIFTY:

The Nifty opened at 14219.15 with a gap down of 77 points. Prices have recorded its intraday low at 14151.40 within the first 5 minutes of trading and then started an upside move. Prices have seen an intraday rally of more than 200 points to record its intraday high at 14424.75. The index finally closed at 14406.15 with a gain of 109.75 points. The Banks and Financials have performed well while FMCG was the biggest laggard.

The Nifty continued recording wide range days. The index opened with a gap down. The gap quickly filled by the prices and prices have moved further on the upside. The markets became total random as we are seeing one day up and one day down move. Short term support is visible around 14200 while resistance is around 14700.

BANK NIFTY:

Bank Nifty opened at 30763.50 with a gap down of 311 points. Prices have recorded its intraday low at 30555.25 and then started moving upside. The rally continued for the whole day and prices have finally closed at 31782. PSU and Private banks both have seen a rally and closed higher by 0.75% and 1.79% respectively. Within the index, ICICI Bank contributed highest while Indusind Bank the lowest. Back to Back trend day in the Bank Nifty are recorded. Last trading day was a down trending while yesterday was a trend day on the upside.

Support is visible around 30500 while resistance at 32500.

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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
KOTAK BANK 1736.05 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1720 and for the target 1760.
APOLLOHOSP 3228.95 SELL The stock has given a breakdown from a narrow trading range. The stock can be sold at CMP with a stop at 3260 and for the target 3180.

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DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
IGL 510 CE BUY 10.80 CMP 6 17 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
NAVINFLUOR.21.04 Apr 3229 7.14 17.25 331875 GUJGASLTD.21.04 Apr 530.95 -2.11 30.85 1140000
WIPRO.21.04 Apr 486.2 3.49 13.14 44320000 ULTRACEMCO.21.04 Apr 6117 -1.68 17.42 2441000
BAJAJFINSV.21.04 Apr 9867.05 0.41 12.59 717500 ESCORTS.21.04 Apr 1174.5 -3.03 10.05 2071300
BANKNIFTY.21.04 Apr 31725.6 1.94 11.98 1847375 BATAINDIA.21.04 Apr 1297 -0.1 6.95 1768800
M&MFIN.21.04 Apr 176.75 3.42 11.06 17076000 AARTIIND.21.04 Apr 1418 -1.05 6.91 407575
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
FINNIFTYW.21.04 Apr 15239.75 1.97 -86.78 1920 NAM-INDIA.21.04 Apr 326.25 -0.61 -4.12 1897600
ADANIPORTS.21.04 Apr 737 2.16 -19.92 55377500 SHREECEM.21.04 Apr 28628.3 -2.61 -3.42 176300
GRASIM.21.04 Apr 1306.35 0.98 -9.94 14517900 MPHASIS.21.04 Apr 1643.65 -0.87 -3.23 623675
TORNTPOWER.21.04 Apr 384.6 1.53 -6.95 2049000 GRANULES.21.04 Apr 333.6 -0.28 -2.91 5995400
ADANIENT.21.04 Apr 1158.9 1.46 -4.15 15856000 PFIZER.21.04 Apr 5235.35 -4.97 -2.88 240250

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TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Lombard General In 1380.05 -1.35 443394 696667 75.02 Nifty Bank 31782.6 2.15 83460
Hdfc Ltd. 2479.7 2.64 4514740 4822407 65.47 Nifty Media 1506.55 1.84 83460
Hindustan Unilever Ltd 2349.4 -2 1721265 947816 59.63 Nifty Metal 4460.9 1.74 83460
Godrej Cons Products Ltd 704.1 -2.97 1362900 666225 59.54 Nifty Realty 305.15 1.29 83460
Reliance Industries Ltd 1906.4 0.28 6687573 4616077 58.14 Nifty 50 14406.15 0.77 83460
Pidilite Industries Ltd 1785.8 0.72 569960 241863 57.13 Nifty Energy 17370.95 0.17 83460
Dabur India Ltd. 566.15 -0.5 2545878 1320920 56.9 Nifty Auto 9644.55 0.14 83460
Tata Consultancy Serv Lt 3118.8 -0.82 1988980 1747537 55.62 Nifty it 25826.7 -0.2 83460
Hdfc Bank Ltd. 1422.5 2.24 19242656 6447436 55.61 Nifty Pharma 13378.95 -0.36 83460
Kotak Mahindra Bank Limi 1736.05 2.26 3590444 1837843 55.41 Nifty Fmcg 34043.05 -0.74 83460

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  Deposit Growth on 23th  April, 2021

INR:  Bank Loan Growth on 23nd  April, 2021

•USD : New Home Sales (Mar) on 23rd April, 2021

•USD:  Core Durable Goods Orders (MoM) (Mar) on 26th April, 2021

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NEWS UPDATES

•L&T on Thursday said its construction arm has bagged up to Rs 2,500 crore order from Oilfields Supply Company Saudi to design and build an oil and gas supply base. The company did not provide value of the contracts but said the orders fall under “significant” category which ranges between Rs 1,000 crore and Rs 2,500 crore as per its classification of contracts.

•Sunteck Realty Ltd on Wednesday reported 16 per cent decline in its sales bookings at Rs 1,022 crore during the last fiscal year. The company had clocked sales bookings of Rs 1,221 crore in the previous year. Sunteck achieved lower sales bookings in the first six months of the 2020-21 at Rs 301 crore. The second half of last fiscal contributed Rs 720 crore to the overall sales bookings number.

•S&P Global Ratings on Thursday said the Indian economy is projected to grow at 11 per cent in the current fiscal, but flagged the “substantial” impact of broader lockdowns on the economy. In its report on Asia-Pacific Financial Institutions, S&P said the control of COVID-19 remains a key risk for the economy. New infections have spiked in recent weeks and the country is in the middle of a second pandemic wave.

•Pharma company Pfizer has offered to supply its messenger RNA (mRNA) vaccine to the Indian government at a “not-for-profit” price as part of its strategy of adopting a distinct pricing structure for different countries.

Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ADROITINFO Reduction of Capital 23-Apr-21 MEDINOV Audited Results 23-Apr-21
ANMOL General;Preferential Issue of shares 23-Apr-21 ORIENTHOT Audited Results;Final Dividend 23-Apr-21
BIRLAMONEY Audited Results;Quarterly Results 23-Apr-21 PRANAVSP Audited Results 23-Apr-21
BOMBWIR Audited Results 23-Apr-21 RADIXIND Audited Results;Final Dividend 23-Apr-21
CONTROLPR Audited Results;Dividend 23-Apr-21 SHIVACEM Audited Results 23-Apr-21
GNA Results;Dividend;Special Dividend 23-Apr-21 SMRUTHIORG Audited Results;Dividend 23-Apr-21
HCLTECH Audited Results;Interim Dividend 23-Apr-21 WENDT Audited Results;Final Dividend 23-Apr-21
IBREALEST Audited Results;General 23-Apr-21 ARNOLD General 24-Apr-21
ICSL Audited Results;General 23-Apr-21 AVANTEL A.G.M.;Results;Final Dividend 24-Apr-21
IMCAP General 23-Apr-21 BRAHMINFRA Quarterly Results 24-Apr-21
M&MFIN Audited Results;Dividend 23-Apr-21 DHAMPURSUG Audited Results;General 24-Apr-21

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
SWAGRUHA 23-Apr-21 E.G.M. ANGELBRKG 29-Apr-21 Interim Dividend
ELANTAS 26-Apr-21 Dividend – Rs. – 5.00 ARCHIDPLY 29-Apr-21 E.G.M.
EASEMYTRIP 27-Apr-21 Interim Dividend – Rs. – 2.00 HCLTECH 29-Apr-21 Interim Dividend
WAA 27-Apr-21 Bonus issue 1:1 ISHANCH 29-Apr-21 Interim Dividend – Rs. – 1.2500
ZUARIGLOB 27-Apr-21 Interim Dividend – Rs. – 1.00 NESTLEIND 29-Apr-21 Final Dividend – Rs. – 65.00
ADL 29-Apr-21 E.G.M. NESTLEIND 29-Apr-21 Interim Dividend – Rs. – 25.00

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