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 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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|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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|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|
|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
|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
|•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
|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|
|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|
|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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