Outlook-27-05-2021NIFTY:

The Nifty opened at 15257.05 with a gap up of 49 points. The index first moved down, filled the gap, and recorded its intraday low at 15194.95. Prices then move up, rallied more than 100 points and recorded its intraday high at 15319.90. Prices then moved sideways and finally closed at 15301.45 with a gain of 93 points. The IT sector has performed well and closed higher by more than 1%. Metal dragged and closed lower by more than 1%. It was a trend day on the upside. The Nifty closed with gains and the index ended just a tad above 15300. The index has been consolidating from the last three trading days suggests a directional move is about to come. Since the short term trend is up, we can assume that the move may come on the upside.

We should look to buy the index either on a dip till 15100 or on a breakout above 15350. Keep a stop of just 80 points and a target of 150 points from your entry price.

BANK NIFTY:

Bank Nifty opened at 34757.15 with a gap up of 51 points. The index first moved down, filled the gap and recorded its intraday low at 34462.50. Prices then saw a sharp rally and recorded its intraday high at 34897.95 and then spent the rest of the day moving sideways. PSU Banks closed with minor loss while Private Banks closed almost unchanged. Within the index, ICICI Bank contributed highest while Kotak Bank the lowest. It was a choppy day in the index where prices have moved up but closed flat. The index has been moving narrow for the last three trading days and we expect a sharp move soon.

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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
GODREJCP 824.90 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 814 and for the target 839
LTI 3799.85 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 3750 and for the target 3890

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DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
INFY 1400 CE BUY 5.65 CMP 1 12 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
UBL.21.05 May 1307.1 0.43 25.47 744800 POWERGRID.21.05 May 225.7 -3.11 18.94 12084000
PIDILITIND.21.05 May 2099.5 2.3 23.67 1047500 ADANIPORTS.21.05 May 760.25 -0.78 15.24 23846250
LT.21.05 May 1473.55 1.55 21.47 6808575 MOTHERSUMI.21.05 May 234.8 -2.25 12.69 18900000
NESTLEIND.21.05 May 17552 0.18 20.51 133650 MARICO.21.05 May 460.3 -0.59 12.55 3246000
M&M.21.05 May 822.65 1.57 20.39 4958800 CHOLAFIN.21.05 May 545.15 -1.41 12.5 3823750
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
FINNIFTY.21.05 May 16420 0.34 -64.38 8920 AUBANK.21.05 May 964 -0.1 -48.12 736500
LALPATHLAB.21.05 May 2785.55 0.5 -44.44 171250 ESCORTS.21.05 May 1142.2 -0.95 -34.78 882750
AARTIIND.21.05 May 1670 0.66 -42.7 250325 PVR.21.05 May 1264.6 -1.82 -33.15 630443
COFORGE.21.05 May 3485 4.21 -30.18 495375 EXIDEIND.21.05 May 190.2 -0.16 -29 3895200
ALKEM.21.05 May 2939 1.26 -26.45 89000 BOSCHLTD.21.05 May 14954 -0.7 -28.16 43750

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TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Dabur India Ltd. 532.2 0.31 1533553 1508731 64.43 Nifty Realty 335.45 2.84 95334
Sbi Life Insurance Compa 971.75 0.67 1719675 780727 63.21 Nifty Media 1773.5 1.87 95334
Hdfc Asset Management Co 2819.95 -0.18 87468 83857 62.79 Nifty it 26857.35 1.76 95334
Britannia Ind Ltd. 3416 -0.68 373186 826395 62.66 Nifty 50 15301.45 0.61 95334
Gmr Infrastructure Limit 27.2 0.93 57863432 22518586 62.22 Nifty Auto 10437.8 0.52 95334
Infosys Limited 1397.25 2.62 6850024 2523676 61.56 Nifty Pharma 14127.25 0.26 95334
Icici Prudential Life In 525.9 -0.99 2752131 2274515 60.58 Nifty Fmcg 34815.7 0.1 95334
Hdfc Ltd. 2567.55 1.46 1839397 1585453 60.01 Nifty Bank 34684.2 0.06 95334
Reliance Industries Ltd 1970.05 0.35 3452113 4040447 59.24 Nifty Energy 19321 -1.13 95334
Hcl Technologies Ltd. 945.8 0.55 5017674 2970901 59.03 Nifty Metal 5004.75 -1.86 95334

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 28th  May, 2021

INR: GDP Quarterly (YoY) (Q4) on 31st  May, 2021

•USD : Initial Jobless Claims on 27th May, 2021

•USD : GDP Growth Rate QoQ 2nd Est Q1 on 27th May, 2021

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NEWS UPDATES

•LT Foods Ltd on Wednesday reported a 4.4% increase in net profit to ₹56.37 crore for the quarter ended 31 March, 2021. The company had posted a net profit of ₹53.98 crore in the same quarter previous fiscal, it said in a regulatory filing. Net income declined 5.8% to ₹1,129.52 crore in the fourth quarter from ₹1,199.3 crore in the year-ago period.

•Zydus Cadila and Taiwan-based specialty pharmaceutical firm TLC on Wednesday said they have signed a pact to market Liposomal Amphotericin B, a critical drug to treat mucormycosis (black fungus), in India. The companies have announced signing of an agrement to commercialise AmphoTLC (Amphotericin B Liposome for Injection 50mg) in India, Zydus Cadila said in a statement.

•The electric two and three-wheelers volume are expected to account for 8-10 per cent and 30 per cent of new vehicle sales in the country by 2025, respectively, owing to low operating cost and attractive subsidy support, among others, ratings agency ICRA said on Wednesday. The penetration levels in cars and trucks, however, are likely to remain low in the medium-term, it said.

•Entry-level smartphone brand iTel has partnered with Reliance Jio to sell its A23 Pro smartphone at a reduced price under Rs 4000.  “With this initiative, itel and Jio users will get itel A23 Pro at an attractive price of INR 3,899 which was earlier priced at INR 4,999, thus unleashing an opportunity to truly democratize technology for all consumers,” the company said on Wednesday.

•Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
63MOONS Quarterly Results;Dividend 27-May-21 JINDALSAW Results;Quarterly Results;Dividend 27-May-21
ALKYLAMINE Audited Results 27-May-21 KALYANKJIL Audited Results 27-May-21
AXTEL Audited Results 27-May-21 KIOCL Final Dividend;Audited Results 27-May-21
BANARBEADS Quarterly Results;Audited Results 27-May-21 KOPRAN Final Dividend;Audited Results 27-May-21
CADILAHC Final Dividend;Audited Results 27-May-21 METROPOLIS General;Audited Results 27-May-21
CORALAB General 27-May-21 NOCIL Audited Results 27-May-21
DIXON Final Dividend;Pref. Issue;Results 27-May-21 PAGEIND Audited Results 27-May-21
EICHERMOT Final Dividend;Audited Results 27-May-21 PCJEWELLER Audited Results 27-May-21
EVERESTIND Final Dividend;Audited Results 27-May-21 PHOENIXLTD Audited Results 27-May-21
FINEORG Final Dividend;Audited Results 27-May-21 PUNJABCHEM Final Dividend;Audited Results 27-May-21
GOODYEAR Audited Results;Final Dividend 27-May-21 RCF Final Dividend;Audited Results 27-May-21
GSFC Audited Results;Dividend 27-May-21 REDINGTON Final Dividend;Audited Results 27-May-21
HAWKINCOOK Final Dividend;Audited Results 27-May-21 SUNPHARMA Final Dividend;Audited Results 27-May-21
HEG Final Dividend;Audited Results 27-May-21 UCOBANK General;Audited Results 27-May-21
INFIBEAM Final Dividend;Audited Results 27-May-21 WATERBASE Dividend;Audited Results 27-May-21
IRB Audited Results 27-May-21 WOCKPHARMA General;Audited Results 27-May-21

CORPORATE ACTION

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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