The Nifty opened at 14987.80 with a gap up of 81 points. The index recorded its intraday low near the opening tick and started moving upwards. The rally takes pause in the afternoon session where prices have moved narrow and sideways. The consolidation broke out on the upside and have rallied further to finally close at 15175.30. All the sectoral indices have closed with gains and participated in the rally. The Banks and Financials have led the bulls and ended with a gain of more than 3%.
We took a long trade in Nifty around 14950 we had suggested a stop of 14850 and target of 15190. Our target was met and we exited the trade with a gain of 240 points.
It was a trend day on the upside. The index found support around 14900 and closed around 15200. Short term trend is up we may face resistance around 15300 levels. The trend is bullish so traders should look to buy on dips.
Bank Nifty opened at 33559.8 with a gap up of 159 points. The index recorded its intraday low at the opening tick and started moving upwards. Prices have consolidated in the afternoon session and again turned up to record its intraday high at 34694.34. Private and PSU Banks have performed well and closed with decent gains. Within the index, HDFC Bank contributed highest followed by ICICI Bank. We were long in the around 33500 with a stop at 33100 and target of 34500. Our target was met and we booked a profit of 1000 points. It was a trend day on the upside.
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|KOTAK BANK||1757.65||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1740 and for the target 1780|
|HCLTECH||930.65||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 918 and for the target 950|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|AXIS BANK||730 CE||BUY||12.5||CMP||8||19||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|BANKNIFTY.21.05 May||34850||4.2||28.61||1819575||GUJGASLTD.21.05 May||513.7||-0.03||14.35||1215000|
|FINNIFTY.21.05 May||16430||3.45||21.94||17560||HAVELLS.21.05 May||1026.65||-4.74||14.25||4910500|
|SBIN.21.05 May||406||5.05||21.4||122235000||GAIL.21.05 May||146.35||-0.98||11.92||35630100|
|TORNTPOWER.21.05 May||454||5.08||14.51||2580000||MARICO.21.05 May||461||-1.95||11.16||9484000|
|M&M.21.05 May||819.8||1.92||14.12||10605000||GODREJCP.21.05 May||816.05||-0.17||7.57||5616000|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|COFORGE.21.05 May||3358||0.78||-10.09||1554000||GRASIM.21.05 May||1375.8||-0.1||-20.25||11170100|
|ULTRACEMCO.21.05 May||6643.8||0.89||-8.58||2141000||LALPATHLAB.21.05 May||2840||-0.88||-7.92||514500|
|NAVINFLUOR.21.05 May||3210||0.54||-6.58||383400||BHEL.21.05 May||72||-0.96||-7.42||76251000|
|PNB.21.05 May||38.2||1.33||-4.41||165488000||JINDALSTEL.21.05 May||402.6||-0.02||-5.4||28912500|
|SRF.21.05 May||6474.35||0.5||-4.07||420875||BOSCHLTD.21.05 May||15292.25||-3.98||-3.23||125850|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hcl Technologies Ltd.||930.65||0.68||4161547||3191642||67.14||Nifty Bank||34606.9||3.82||104865|
|Tata Consultancy Serv Lt||3080.5||0.67||1685566||1512325||64.93||Nifty 50||15175.3||1.81||104865|
|Petronet Lng Limited||236.55||0.06||2694744||2358626||63.49||Nifty Realty||320.65||1.15||104865|
|Britannia Ind Ltd.||3435.75||0.39||521688||620576||59.3||Nifty Media||1667.6||0.99||104865|
|Kotak Mahindra Bank Limi||1757.65||2.89||4293112||1532482||58.99||Nifty Energy||19326.3||0.89||104865|
|Dabur India Ltd.||536.75||0.18||1582534||1502293||58.08||Nifty Auto||10312.4||0.84||104865|
|Hindustan Unilever Ltd||2362.25||0.77||771492||494928||57.8||Nifty it||26105.3||0.81||104865|
|Infosys Limited||1354.5||1.13||4969733||2585662||57.59||Nifty Fmcg||34690.55||0.62||104865|
|Bharti Airtel Limited||530.95||1.98||10299402||7365177||53.46||Nifty Metal||5099.15||0.43||104865|
|Axis Bank Limited||730.9||3.54||15883692||10055962||53.37||Nifty Pharma||13993.7||0.17||104865|
UPCOMING ECONOMIC DATA
|INR: FX Reserves, USD on 28th May, 2021||•USD : New Home Sales (Apr) on 25th May, 2021
•USD : Crude Oil Inventories on 26th May, 2021
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|•India’s largest lender State Bank of India is expecting a resurgence in demand and economic activity after June, once the pace of vaccinations picks up. The bank, which reported an 81% rise in fourth quarter profit, guided towards 10% growth in its loan book in the current financial year.
•Hindalco Industries, the country’s leading aluminium producer, reported a higher-than-expected consolidated net profit attributable to the owners of the company at Rs 1,928 crore in the March quarter. The botton line was up a staggering 189 per cent, over the corresponding figure in the year-ago period, on the back of increased revenue. The company had reported a bottomline of Rs 669 crore in the corresponding period last year.
•Two-wheeler market leader Hero MotoCorp on Saturday said it will resume production at all its manufacturing plants in India from coming Monday after temporarily shutting operations due to the coronavirus pandemic. In the beginning of this week, the company had resumed partial operations at its three plants at Gurugram and Dharuhera in Haryana and Haridwar in Uttarakhand.
•India’s largest steel producer, JSW Steel, is considering a bid to buy Liberty Steel in Britain as well as mills elsewhere, two people familiar with the matter told Reuters, as would-be buyers circle Sanjeev Gupta’s global commodities empire. JSW’s interest, which extends to plants including Gupta’s Adhunik steel mill in eastern India, could mark yet another chapter for Britain’s steel industry, which has been privatised and sold to overseas buyers as its pre-eminence slid in lock-step with the country’s manufacturing might.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|3PLAND||Audited Results||24-May-21||MGL||Audited Results;Final Dividend||24-May-21|
|ADFFOODS||Audited Results;Final Dividend||24-May-21||PHARMAID||Quarterly Results||24-May-21|
|BALAMINES||Audited Results;Final Dividend||24-May-21||POLYMED||General;Audited Results;Dividend||24-May-21|
|BARBEQUE||Audited Results||24-May-21||RAMCOCEM||Audited Results||24-May-21|
|DALMIASUG||Dividend;Audited Results||24-May-21||RAMCOIND||Audited Results||24-May-21|
|GRASIM||Audited Results;Final Dividend||24-May-21||SHANTIGEAR||Audited Results||24-May-21|
|INDCEMCAP||Audited Results||24-May-21||SHIVACEM||General;Increase in Authorised Capital||24-May-21|
|INDIACEM||Dividend;Audited Results||24-May-21||SHREEPUSHK||Audited Results;Issue Of Warrants||24-May-21|
|JKPAPER||Audited Results;Final Dividend||24-May-21||SPARCSYS||Audited Results||24-May-21|
|JSWHL||Audited Results||24-May-21||SUMMITSEC||Audited Results||24-May-21|
|LAXMIMACH||Dividend;Audited Results||24-May-21||TIAANC||Audited Results||24-May-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|EMERALL||24-May-21||Stock Split From Rs.10/- to Rs.5/-||SPECMKT||25-May-21||E.G.M.|
|KENNAMET||24-May-21||Interim Dividend – Rs. – 20.00||TCS||25-May-21||Final Dividend – Rs. – 15.00|
|WELSPUNIND||24-May-21||Dividend – Rs. – 0.1500||TRIDENT||25-May-21||Final Dividend – Rs. – 0.3600|
|WELSPUNIND||24-May-21||Buy Back of Shares||AVANTEL||27-May-21||Final Dividend – Rs. – 4.00|
|BRITANNIA||25-May-21||Dividend – Rs. – 12.50||CIGNITI||27-May-21||Final Dividend – Rs. – 2.50|
|BRITANNIA||25-May-21||Scheme of Arrangement||INDINFR||27-May-21||Income Distribution (InvIT)|
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