The Nifty opened at 14326.35 with a gap down of 80 points. The index first consolidated and then rallied to record its intraday high at 14461.15. The rally fizzled out around 14450 and then prices have fallen very sharply. Prices have broken down its morning low and its recorded its intraday at 14273.30. The index then spent the rest of the day trading sideways and finally closed at 14341.35 with a loss of 64.80 points. All the sectoral indices have closed with loss except the Media Sector. The Realty, FMCG, and IT sectors have led the bears. It was a volatile day where prices have seen sharp moves in both directions and finally closed below 14400. A large trading range with 14200 as support and 14700 as resistance remained intact. Short term trend is now again sideways.
The Nifty is now trading near its support. A shorting opportunity will emerge is the index closes below 14200. Also if the index holds the support we may get a buying opportunity. But if prices move up from current levels and reach near 14700 we will get trades on both sides depending on if the breakout happens or not.
Bank Nifty opened at 31490.60 with a gap down of 236 points. The index first moved lower and recorded its intraday low at 31377.15. Prices then saw a sharp intraday upside move to record its intraday high at 32148.40. The index did not sustain at the higher levels and fell down. PSU Banks have outperformed and closed with minor gains while Private Banks have underperformed and closed lower. Axis Bank contributed highest while ICICI Bank the lowest. Bank Nifty continued trading volatile. A trading range of 30500 and 32500 remained intact.
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|VEDL||228||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 224 and for the target 234|
|BRITANNIA||3650.3||SELL||The stock has given a breakdown from a narrow trading range. The stock can be sold at CMP with a stop at 3680 and for the target 3600.|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|CADILLAHC||570 CE||BUY||19.20||CMP||15||27||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|CADILAHC.21.04 Apr||572.3||3.6||9.44||13393600||TVSMOTOR.21.04 Apr||534.6||-0.11||9.74||4071200|
|SBILIFE.21.04 Apr||923.2||0.92||2.4||4680000||BRITANNIA.21.04 Apr||3647.15||-2.72||6.97||1842200|
|HDFCLIFE.21.04 Apr||688.75||1.2||0.47||9179500||M&M.21.04 Apr||779.85||-2.56||2.77||8115800|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|BPCL.21.04 Apr||422.65||0.8||-19.67||36646200||LT.21.04 Apr||1325.1||-0.83||-25.34||10638075|
|TATASTEEL.21.04 Apr||925.35||0.19||-15.57||36060400||GRASIM.21.04 Apr||1280.45||-1.56||-22.57||7849850|
|INDUSINDBK.21.04 Apr||848.7||1.52||-13.72||15107400||JSWSTEEL.21.04 Apr||634.95||-0.84||-19.83||20228400|
|IRCTC.21.04 Apr||1709.45||2.25||-13.51||1111500||APOLLOTYRE.21.04 Apr||201.7||-1.08||-17.52||9695000|
|CUB.21.04 Apr||165.35||3.67||-12.11||5893100||SUNPHARMA.21.04 Apr||638.75||-0.14||-16.95||31511200|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Icici Lombard General In||1381.2||0.08||463636||313521||70.71||Nifty Energy||17537.7||0.96||2196768|
|Nippon Life India Asset||325.7||0.02||771352||525821||67.05||Nifty Media||1513.65||0.47||432558938|
|Tata Consultancy Serv Lt||3109.5||-0.3||1615309||1191717||59.92||Nifty Bank||31722.3||-0.19||20630550|
|Mphasis Limited||1696.5||3.27||606412||328524||59.35||Nifty Metal||4446.85||-0.31||146521509|
|Hdfc Ltd.||2497.35||0.71||3143779||2618593||58||Nifty Pharma||13319.75||-0.44||49015634|
|Dabur India Ltd.||559.95||-1.1||2408395||1453997||57.11||Nifty 50||14341.35||-0.45||45620245|
|Hdfc Asset Management Co||2822.4||1.4||256696||151178||56.93||Nifty Auto||9596.95||-0.49||68171330|
|Colgate Palmolive (india||1514.1||-0.09||440873||398231||56.58||Nifty it||25609.1||-0.84||1410198|
|Hdfc Life Insurance Comp||686.35||1.08||3140377||1418613||56.14||Nifty Fmcg||33726.1||-0.93||585563|
|Sbi Life Insurance Compa||922.85||0.92||3601606||1115678||56.1||Nifty Realty||301.8||-1.1||2147483500|
UPCOMING ECONOMIC DATA
|INR: Infrastructure Output (YoY) on 30th April, 2021
INR: Federal Fiscal Deficit (Mar) on 30nd April, 2021
|•USD : Core Durable Goods Orders (MoM) (Mar) on 26th April, 2021
•USD: CB Consumer Confidence (Apr) on 27th April, 2021
|•ICICI Bank Ltd. saw its net profit rise sharply over a year ago as core income improved and provisions were lower compared to a year ago. The bank’s net profit rose 260.5%, year-on-year to Rs 4,402 crore. A year ago, the bank has stepped up provisions against standard assets, which had depressed profits. Net interest income, or core income, rose 16.8% from a year ago to Rs 10,431 crore for the bank. ICICI Bank’s gross non-performing asset (NPA) ratio stood at 4.96%, as compared with 5.42% in the October-December quarter. Net NPA ratio improved by 12 basis points on a sequential basis to 1.14% in the Jan-Mar quarter.
•Leading generic drug makers Lupin, Sun Pharma and Jubilant Cadista are recalling different products in the US, the world’s largest market for medicines, for different reasons. As per the latest Enforcement Report by the US Food and Drug Administration (USFDA), the US-based unit of Lupin is recalling 17,814 bottles of Cefprozil for Oral Suspension USP, a second-generation antibiotic used to treat ear infections, skin infections, and other bacterial infections.
•HCL Technologies fourth quater numbers were impacted by higer taxes and one-time bonus payment. The company reported a 64.9 per cent fall in its fourth quarter net profit at Rs 1,111 crore on a year-on-year basis. Profit was down 72 per cent on a sequential basis. The provision for tax nearly doubled sequentially in Q4 to Rs 1,191 crore.
•Mahindra and Mahindra Financial Services Ltd posted an eight per cent drop in consolidated net profit at Rs 219 crore in fourth quarter March 2021 (Q4FYF21). The total income in Q4FY21 was down three per cent at Rs 3,038 crore from Rs 3,140 crore in Q4FY20.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ALOKTEXT||Audited Results||26-Apr-21||ROSELABS||Audited Results;Quarterly Results||26-Apr-21|
|CASTROLIND||Quarterly Results||26-Apr-21||SNOWMAN||Audited Results||26-Apr-21|
|DELTACORP||Audited Results;Final Dividend||26-Apr-21||SURAJLTD||Audited Results||26-Apr-21|
|HDFCLIFE||Audited Results;Final Dividend||26-Apr-21||TECHM||Dividend;Quarterly Results||26-Apr-21|
|KEDIACN||Audited Results||26-Apr-21||TTML||Audited Results||26-Apr-21|
|NATIONSTD||Audited Results||26-Apr-21||WELCURE||Audited Results||26-Apr-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|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 – Rs. – 6.00|
|WAA||27-Apr-21||Bonus issue 1:1||HCLTECH||29-Apr-21||Special Dividend – Rs. – 10.00|
|ZUARIGLOB||27-Apr-21||Interim Dividend – Rs. – 1.00||ISHANCH||29-Apr-21||Interim Dividend – Rs. – 1.2500|
|ADL||29-Apr-21||E.G.M.||NESTLEIND||29-Apr-21||Final Dividend – Rs. – 65.00|
|ANGELBRKG||29-Apr-21||Interim Dividend – Rs. – 7.50||NESTLEIND||29-Apr-21||Interim Dividend – Rs. – 25.00|
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