The Nifty opened at 14449.45 with a gap up of 108 points. The index recorded its intraday low at 14421.30 within the first five minutes of trading and then started moving higher. Prices have rallied more than 100 points from the opening tick, recorded its intraday high at 14557.50, and then started moving sideways and choppy. The index slowly moved down for the rest of the day and finally closed at 14485. All the sectoral indices have closed with gains except the Pharma sector. The realty, Bank and Financials sectors have led the bulls. It was a choppy day where prices have closed with gains. The index opened with a gap up and somewhat managed to maintain the gains for the whole day. The immediate trend of the market is sideways. We should focus on intraday trades for now.
For today, we should wait for the first 45 minutes of trading. That means we should take trade after 10:00 AM. Buy above the high or sell below the low recorded in the first 45 minutes. Keep a stop of 55 points and a target of 90 points. Take only one trade whichever executes first.
Bank Nifty opened at 32316.65 with a gap up of 691 points. The index recorded its intraday low at 32144.80 and then rallied to record its intraday high at 32603.70. However the index then saw a mild decline for the rest of the day and finally closed at 32271.20 with a gain of 646 points. Private and PSU banks both have performed same and closed with a gain of more than 1.50%. Within the index, in terms of points ICICI Bank contributed highest while HDFC Bank the lowest. A big gap up helped the index to close above 32000. The index traded very choppy intraday and somehow managed to hold onto its early morning gains. Prices have faced resistance around 32500.
Trade AnyTime AnyWhere With Elite Empower Mobile App
|POWERGRID||215.80||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 210 and for the target 222.|
|COFORGE||2808.10||SELL||The stock has given a breakdown from a narrow trading range. The stock can be sold at CMP with a stop at 2865 and for the target 2730|
Get All Your Mutual Fund Portfolio Retuns on Your Mobile by Elite Kuber App
|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|RBLBANK||185 CE||BUY||3.90||CMP||2||7||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|LT.21.04 Apr||1338||0.97||15.73||12311900||HAVELLS.21.04 Apr||1002.3||-0.5||19.16||5236000|
|SBILIFE.21.04 Apr||939||1.71||14.94||5379000||SRTRANSFIN.21.04 Apr||1344.1||-2.62||17.79||4063200|
|MINDTREE.21.04 Apr||2064.5||2.14||14.44||2472800||MARICO.21.04 Apr||406.15||-1.47||15.54||8266000|
|ICICIGI.21.04 Apr||1450||4.72||13.5||1211675||M&MFIN.21.04 Apr||162.5||-9.32||14.96||17148000|
|INDUSINDBK.21.04 Apr||860.4||1.38||13.49||17145000||MUTHOOTFIN.21.04 Apr||1177.85||-1.87||13.87||3016500|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|BHEL.21.04 Apr||46.15||1.88||-18.41||71547000||INDUSTOWER.21.04 Apr||248.65||-1.51||-7.46||10558800|
|CUMMINSIND.21.04 Apr||877.1||2.98||-12.51||1292400||ZEEL.21.04 Apr||187.15||-0.51||-6.18||51654000|
|BOSCHLTD.21.04 Apr||13537.75||0.07||-10.39||77650||LALPATHLAB.21.04 Apr||2837.7||-1.89||-4.74||402000|
|LICHSGFIN.21.04 Apr||397.6||1.38||-8.92||5330000||GRANULES.21.04 Apr||325||-1.41||-4.27||4967750|
|HEROMOTOCO.21.04 Apr||2874.9||0.24||-7.84||3228900||AUROPHARMA.21.04 Apr||970.25||-2.39||-3.91||8233550|
Get Stock Market Recommendation By Our Research Analysts
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hindustan Unilever Ltd||2360.65||2.29||1946867||1228975||63.03||Nifty Realty||312.05||3.4||99885|
|Icici Lombard General In||1451.6||5.1||1698950||285006||61.47||Nifty Metal||4536.3||2.01||99885|
|Petronet Lng Limited||238.05||1.21||4246146||3853849||61.14||Nifty Bank||32275.15||1.74||99885|
|Bharat Petroleum Ltd||418.9||-0.98||6444098||13723192||57.56||Nifty 50||14485||1||99885|
|Hindustan Petroleum Corp||232.5||-0.51||6247178||2406802||56.92||Nifty Energy||17675||0.78||99885|
|Dabur India Ltd.||541.3||-3.33||3121274||1367382||56.78||Nifty Auto||9641.45||0.46||99885|
|Infosys Limited||1343.55||0.73||7088606||4123289||56.36||Nifty Fmcg||33865.7||0.41||99885|
|Nippon Life India Asset||330.7||1.54||1342265||432395||56.06||Nifty it||25680.3||0.28||99885|
|United Breweries Limited||1143.25||0.21||650339||260468||52.5||Nifty Media||1516.05||0.16||99885|
|Page Industries Limited||30282.7||3.97||72653||20231||52.23||Nifty Pharma||13203.85||-0.87||99885|
UPCOMING ECONOMIC DATA
|INR: Infrastructure Output (YoY) on 30th April, 2021
INR: Federal Fiscal Deficit (Mar) on 30nd April, 2021
|•USD : CB Consumer Confidence (Apr) on 27th April, 2021
•USD: Fed Interest Decision on 28th April, 2021
|•Tech Mahindra announced net profit at Rs 1,081 crore for the fourth quarter ended March 31, 2021, up 34.6 per cent year-on-year basis, but was down sequentially by 17.4 per cent. Revenue for the quarter was up 2.5 per cent YoY to Rs 9,730 crore, but grew a mere 0.9 per cent compared to the preceding quarter ended December 31, 2020. The company also announced the acquisition of Eventus Solutions Group, a consulting and technology service company, headquartered in the US for $44 million.
•HDFC Life on a standalone level reported a 2 per cent jump in net profit to Rs 317.94 crore in the March quarter of FY21, from Rs 311.71 crore in the same period last year.The insurer saw a 23 per cent rise in net premium in Q4FY21 to Rs 12,868.01 crore from Rs 10,464.46 crore a year ago. Its investment income of Rs 6,051.42 crore in the fourth quarter was down almost 50 per cent sequentially. HDFC Life has a Covid reserve of Rs 165 crore for FY22 on its balance sheet for potential adverse mortality experience.
•SBI Cards and Payment Services Ltd on Monday reported a profit after tax of ₹175 crore in the January to March quarter, up 110% from ₹84 crore in the corresponding period of previous fiscal.
•The Reserve Bank of India has capped tenure of managing directors, chief executive officers and whole-time directors of private lenders and small finance banks at 15 years from the date of first appointment. For chief executives who are part of the promoter group or large shareholders, the tenure will be capped at 12 years. The rules will be effective from October 2021. However, bank CEOs will be allowed to complete their current tenure, the regulator said.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ABB||Quarterly Results||27-Apr-21||NAM-INDIA||Final Dividend;Audited Results||27-Apr-21|
|AXISBANK||Audited Results||27-Apr-21||PNBHOUSING||Final Dividend;Audited Results||27-Apr-21|
|BAJFINANCE||Audited Results;Final Dividend||27-Apr-21||PRISMMEDI||Audited Results;General||27-Apr-21|
|BRITANNIA||Audited Results;Quarterly Results||27-Apr-21||SANOFI||Quarterly Results||27-Apr-21|
|COCHMAL||Audited Results||27-Apr-21||SYMPHONY||Audited Results;Final Dividend||27-Apr-21|
|GDL||Interim Dividend;Audited Results||27-Apr-21||SYNGENE||Final Dividend;Audited Results||27-Apr-21|
|HATSUN||Audited Results;General||27-Apr-21||TATAINVEST||Audited Results;Dividend||27-Apr-21|
|HDFCAMC||Dividend;Audited Results||27-Apr-21||TVSMOTOR||Audited Results||27-Apr-21|
|HINDZINC||Audited Results||27-Apr-21||UBL||Audited Results;Dividend||27-Apr-21|
|MARUTI||Audited Results||27-Apr-21||VESUVIUS||Quarterly Results||27-Apr-21|
|MOSCHIP||Audited Results||27-Apr-21||VSTIND||Audited Results;Dividend||27-Apr-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|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|
|ARCHIDPLY||29-Apr-21||E.G.M.||QUICKHEAL||30-Apr-21||Buy Back of Shares|
Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014
Elite Wealth Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only information in making their investment decision and must exercise their own judgment before making any investment decision.
For analyst certification and other important disclosures, see the Disclosure Appendix, or go to www.elitewealth.in. Analysts employed by Elite Wealth Limited are registered/qualified as research analysts with SEBI in India.( SEBI Registration No.: INH100002300)
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited, email@example.com
The analyst(s) certify that all of the views expressed in this report accurately reflect my/our personal views about the subject company or companies and its or their securities. I/We also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. Unless otherwise stated, the individuals listed on the cover page of this report are analysts in Elite Wealth Limited.
As to each individual report referenced herein, the primary research analyst(s) named within the report individually certify, with respect to each security or issuer that the analyst covered in the report, that:
(1) all of the views expressed in the report accurately reflect his or her personal views about any and all of the subject securities or issuers; and
(2) no part of any of the research analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in the report.
For individual analyst certifications, please refer to the disclosure section at the end of the attached individual notes.
This note may include excerpts from previously published research. For access to the full reports, including analyst certification and important disclosures, investment thesis, valuation methodology, and risks to rating and price targets, please visit www.elitewealth.in.Company-Specific Disclosures Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting https://www.elitewealth.in , or e-mailing firstname.lastname@example.org with your request. Elite Wealth Limited may screen companies based on Strategy, Technical, and Quantitative Research. For important disclosures for these companies, please e-mail email@example.com.Options related research:
If the information contained herein regards options related research, such information is available only to persons who have received the proper option risk disclosure documents. For a copy of the risk disclosure documents, please contact your Broker’s Representative or visit the OCC’s website at https://www.elitewealth.in
All research reports made available to clients are simultaneously available on our client websites. Not all research content is redistributed, e-mailed or made available to third-party aggregators. For all research reports available on a particular stock, please contact your respective broker’s sales person. Ownership and material conflicts of interest Disclosure
Elite Wealth Limited policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst’s area of coverage. Analyst compensation: Analysts are salary based permanent employees of Elite Wealth Limited. Analyst as officer or director: Elite Wealth Limited policy prohibits its analysts, persons reporting to analysts from serving as an officer, director, advisory board member or employee of any company in the analyst’s area of coverage. Country Specific Disclosures India – For private circulation only, not for sale.
Legal Entities Disclosures
Mr. Ravinder Parkash Seth is the Managing Director of Elite Wealth Ltd (EWL, henceforth), having its registered office at Casa Picasso, Golf Course Extension, Near Rajesh Pilot Chowk, Radha Swami, Sector-61, Gurgaon-122001 Haryana, is a SEBI registered Research Analyst and is regulated by Securities and Exchange Board of India. Telephone:011-43035555, Facsimile: 011-22795783 and Website: www.elitewealth.in
EWL Advisory discloses all material information about itself including its business activity, disciplinary history, the terms and conditions on which it offers research report, details of associates and such other information as is necessary to take an investment decision, including the following:
a) EWL Advisory or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(b) EWL Advisory or its associates or relatives, have no actual/beneficial ownership of one per cent. or more in the securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance;
(c) EWL Advisory or its associate or his relative, has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
(a) EWL Advisory or its associates have not received any compensation from the subject company in the past twelve months;
(b) EWL Advisory or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months;
(c) EWL Advisory or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(d) EWL Advisory or its associates have not received any compensation for products or services other than investment banking
or merchant banking or brokerage services from the subject company in the past twelve months;
(e) EWL Advisory or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research report.
3 In respect of Public Appearances
(a) EWL Advisory or its associates have not received any compensation from the subject company in the past twelve months;
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report and the types of services provided by EWL Advisory
Provided that research analyst or research entity shall not be required to make a disclosure as per sub-clauses (c), (d) and (e) of clause (ii) or sub-clauses (a) and (b) of clause (iii) to the extent such disclosure would reveal material non-public information regarding specific potential future investment banking or merchant banking or brokerage services transactions of the subject company.
(4) EWL Advisory or its proprietor has never served as an officer, director or employee of the subject company;
(5) EWL Advisory has never been engaged in market making activity for the subject company;
(6) EWL Advisory shall provide all other disclosures in research report and public appearance as specified by the Board under any other regulations.