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.
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|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|
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|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|
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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|
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