The Nifty opened at 15291.75 with a gap up of 94 points. The index recorded its intraday high near the opening tick and then started a downfall. Prices have recorded its intraday low at 15163.40 after the afternoon session and then saw a mild recovery in the last hour of trading. The index finally closed at 15208.45 with a gain of 10.75 points. The Media sector has performed well and closed higher by more than 3%. Banks and Financial have dragged the markets.
The Nifty continued moving volatile. Another gap up opening did not sustain and the index closed almost unchanged. It was a trend day on the downside where the opening tick was near the intraday high and the closing tick near the intraday low. The index ended near 15200 for the second consecutive day. Index is trading near the lifetime highs. We have mentioned prices may move choppy and narrow for a couple of days, but the theme is bullish and traders should look to buy on dips.
Bank Nifty opened at 35095 with a gap up of 260 points. The index recorded its intraday high at 35125.85 and started drifting downwards. Prices have recorded its intraday low at 34410.40 and then seen some recovery to finally close at 34662. Private and PSU Banks both have seen a downside move and closed lower. Within the index, HDFC Bank contributed highest followed by ICICI Bank. It was a trend day on the downside. A strong resistance is visible around 35500 in the Bank Index. While support is visible around 33900.
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|SUNPHARMA||696.10||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 688 and for the target 710|
|NAVIN FLUORINE||3287.05||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 3260 and for the target 3330|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|TCS||3120 CE||BUY||16||CMP||5||32||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|MFSL.21.05 May||932.9||3.28||26.55||2394600||BANDHANBNK.21.05 May||294.55||-1.5||19.2||19107000|
|CONCOR.21.05 May||677.2||6.43||23.11||5162589||GODREJCP.21.05 May||808.25||-0.22||17.07||4061000|
|COLPAL.21.05 May||1715.5||4.8||22.7||3220000||ICICIPRULI.21.05 May||535.1||-3.62||17.05||6405000|
|TVSMOTOR.21.05 May||633.7||1.98||16.82||3773000||ACC.21.05 May||1963.95||-0.96||15.45||1898000|
|GAIL.21.05 May||154.6||1.81||15.44||26400800||AMARAJABAT.21.05 May||737.4||-5.81||15.04||4299000|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|ZEEL.21.05 May||202||1.69||-24.89||34716000||AMBUJACEM.21.05 May||321.95||-1.42||-22.83||5832000|
|TATACONSUM.21.05 May||651.05||1.45||-18.76||3723300||LICHSGFIN.21.05 May||452||-1.56||-16.43||3368000|
|HEROMOTOCO.21.05 May||2937||0.92||-17.33||1827600||BOSCHLTD.21.05 May||15118.9||-0.84||-16.21||65400|
|TATAMOTORS.21.05 May||315.55||1.04||-14.88||53580000||GRANULES.21.05 May||320.65||-0.47||-15.29||5685400|
|MGL.21.05 May||1144.5||0.19||-12.8||1050600||TATACHEM.21.05 May||704.95||-0.7||-13.92||4556000|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Britannia Ind Ltd.||3439.5||1.79||1318946||1148592||69.88||Nifty Media||1741||3.17||92721|
|Sbi Life Insurance Compa||965.3||0.29||1235079||1243848||67.55||Nifty Auto||10384.3||0.66||92721|
|Hindustan Unilever Ltd||2344.05||0.32||1098457||789702||66.09||Nifty Metal||5099.4||0.61||92721|
|Infosys Limited||1361.6||1.01||4099340||2718187||64.33||Nifty Fmcg||34780.85||0.6||92721|
|Kotak Mahindra Bank Limi||1750.5||-0.37||2201625||2173363||60.14||Nifty Pharma||14090.1||0.4||92721|
|Dabur India Ltd.||530.55||-0.51||2341520||1285985||60.03||Nifty Realty||326.2||0.37||92721|
|Itc Ltd.||210.9||-0.28||25334878||16372254||56.72||Nifty Energy||19542.4||-0.21||92721|
|Indus Towers Limited||241.85||-0.1||1426163||1464136||56.04||Nifty Bank||34662||-0.81||92721|
UPCOMING ECONOMIC DATA
|INR: FX Reserves, USD on 28th May, 2021
INR: GDP Quarterly (YoY) (Q4) on 31st May, 2021
|•USD : Crude Oil Inventories on 26th May, 2021
•USD : GDP Growth Rate QoQ 2nd Est Q1on 27th May, 2021
|•HDFC Bank expects the otherwise resilient retail segment to report a higher incidence of asset quality stress because of the second wave of COVID-19 infections. Borrowers who had to avail cover under regulatory dispensations like moratorium and restructuring after the first wave will be the highest impacted, its chief executive and managing director Sashidhar Jagdishan said on an investor call
•Emami Ltd on Tuesday reported over three-fold jump in its consolidated net profit to Rs 87.73 crore for the quarter ended March 31. The company had posted a net profit of Rs 22.75 crore during the March quarter of the previous financial year. Its revenue from operations in January-March 2021 jumped 37.2 per cent to Rs 730.76 crore as against Rs 532.68 crore in the year-ago period.
•Infosys on Tuesday said it has seen no major impact on client deliverables due to the ongoing pandemic, and has been working proactively with clients to mitigate any potential impact.
•Bajaj Electricals on Tuesday reported a consolidated net profit of Rs 54.26 crore for the quarter ended March 31, 2021. It had registered a net loss of Rs 81 lakh in the January-March period of the previous financial year. The company’s total revenue from operations in January-March 2021 stood at Rs 1,258.47, down 3.24 per cent as against Rs 1,300.66 crore in the year-ago period.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ALLSEC||Audited Results||26-May-21||HINDCOMPOS||Final Dividend;Quarterly Results||26-May-21|
|ARVIND||Results;Final Dividend;General||26-May-21||MANAPPURAM||Audited Results;Interim Dividend||26-May-21|
|BERGEPAINT||Audited Results;Dividend||26-May-21||MOLDTKPAC||Audited Results;Final Dividend||26-May-21|
|BPCL||Audited Results;Final Dividend||26-May-21||PFIZER||Audited Results;Dividend||26-May-21|
|BURGERKING||Audited Results||26-May-21||PRICOLLTD||Audited Results||26-May-21|
|CIFL||Final Dividend;Preferential Issue||26-May-21||SAHYADRI||Audited Results;Final Dividend||26-May-21|
|CUMMINSIND||Audited Results;Final Dividend||26-May-21||SAKSOFT||A.G.M.;Audited Results;Dividend||26-May-21|
|DAAWAT||Audited Results||26-May-21||SHARDACROP||Audited Results;Final Dividend||26-May-21|
|DATAMATICS||Audited Results;Final Dividend||26-May-21||TIRUMALCHM||Audited Results;Dividend||26-May-21|
|GABRIEL||Audited Results;Final Dividend||26-May-21||VGUARD||Audited Results;Dividend||26-May-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|AVANTEL||27-May-21||Final Dividend – Rs. – 4.00||HDFC||31-May-21||Dividend – Rs. – 23.00|
|CIGNITI||27-May-21||Final Dividend – Rs. – 2.50||INFY||31-May-21||Final Dividend – Rs. – 15.00|
|INDINFR||27-May-21||Income Distribution (InvIT)||INDIGRID||01-Jun-21||Income Distribution (InvIT)|
|IBULHSGFIN||28-May-21||Interim Dividend – Rs. – 9.00||KANPRPLA||02-Jun-21||Special Dividend – Rs. – 1.00|
|JMFINANCIL||28-May-21||Dividend – Rs. – 0.50||TOWERINFRA||02-Jun-21||Income Distribution (InvIT)|
|TATACOFFEE||28-May-21||Dividend – Rs. – 1.50||RAWEDGE||03-Jun-21||Bonus issue 1:5|
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