The Nifty opened at 14493.80 without much of a gap. The index recorded its intraday low at 14484.85 with in the first five minutes of trading and then started moving higher. Prices have rallied almost 200 points from the intraday low, recorded its intraday high at 14667.55 and finally closed at 14653.05 with a gain of 168.05 points. All the sectoral indices have closed with a gain. The Metal, Media, Banks and Financials sectors have led the bulls. We had suggested an intraday trade. The trade was to wait for the first 45 minutes of trading. Buy above the high or sell below the low. The index recorded its high around 14577 and then took out that high immediately. We had given a target of 90 points from the entry point. The index rallied and then met with the target. Prices have seen an intraday rally and closed near the resistance at 14700. We should look for a buying opportunity if prices break that resistance. It was a trend day on the upside. If the index breaks above 14700 we should look to buy. Keep a target of 200 points and a stop of 110 points.
Bank Nifty opened at 32228.95 with a gap down of just 43 points. The index recorded its intraday low at 32152.95 in its initial trade and then consolidated for almost an hour. Prices then started moving up ad continued that momentum for the whole day with a closing at 32735. PSU Banks have performed better and closed higher by 2.30% while Private banks also closed higher by 1.39%. Within the index, HDFC Bank contributed highest while Kotak Bank the lowest.
It was a trend day on the upside where the intraday low was near the opening and intraday high near the closing. Prices have broken above its resistance of 32500.
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|BAJAJFINSV||10091.35||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 9980 and for the target 10250.|
|INDUSIND BANK||882.45||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 865 and for the target 910.|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|ICICI BANK||600 CE||BUY||5.55||CMP||3||10||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|AXISBANK.21.04 Apr||702.55||0.26||27.06||37018800||COLPAL.21.04 Apr||1498.55||-0.6||21.81||3189900|
|MUTHOOTFIN.21.04 Apr||1181.75||0.29||26.19||2623500||SRTRANSFIN.21.04 Apr||1329.5||-1.03||11.4||2854400|
|GODREJCP.21.04 Apr||702.65||0.79||23.25||6356000||MPHASIS.21.04 Apr||1717.6||-0.41||8.58||357825|
|ICICIBANK.21.04 Apr||598.05||1.32||23||69229875||HDFCLIFE.21.04 Apr||678.25||-4||7.97||9114600|
|MARICO.21.04 Apr||407.9||0.44||22.99||6376000||ICICIPRULI.21.04 Apr||527.85||-2.84||6.72||6763500|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|ZEEL.21.04 Apr||189.5||1.39||-27.47||31698000||CADILAHC.21.04 Apr||564.2||-0.8||-18.83||8212600|
|AARTIIND.21.04 Apr||1576.7||5.6||-23.48||246500||RECLTD.21.04 Apr||128.15||-0.08||-16.99||13548000|
|RBLBANK.21.04 Apr||186.7||1.06||-22.42||12420700||LALPATHLAB.21.04 Apr||2821.95||-0.7||-14.61||315500|
|M&MFIN.21.04 Apr||165.7||1.94||-20.96||11616000||SBILIFE.21.04 Apr||929.55||-1.3||-13.27||3366750|
|SIEMENS.21.04 Apr||1847||1.73||-19.99||664950||GUJGASLTD.21.04 Apr||546.5||-0.18||-12.1||581250|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Page Industries Limited||30196.15||-0.29||36154||48504||66.76||Nifty Bank||32735.35||1.43||95157|
|Hindustan Unilever Ltd||2379.85||0.81||1668456||1289103||66.21||Nifty Energy||17879.2||1.16||95157|
|Godrej Cons Products Ltd||702.2||0.98||626898||580141||65.13||Nifty 50||14653.05||1.16||95157|
|Hdfc Bank Ltd.||1438.7||2.41||10296453||9791881||64.91||Nifty Realty||314.3||0.72||95157|
|United Spirits Limited||520.85||0.54||1604048||922714||64.04||Nifty Pharma||13296.75||0.7||95157|
|Hdfc Ltd.||2518.4||0.34||2040799||2440395||62.32||Nifty Auto||9708.2||0.69||95157|
|Sbi Life Insurance Compa||928.75||-1.46||1926977||2292134||61.11||Nifty it||25815.75||0.53||95157|
|Infosys Limited||1348.5||0.37||3636115||4218129||59.51||Nifty Fmcg||34009.35||0.42||95157|
UPCOMING ECONOMIC DATA
|INR: Infrastructure Output (YoY) on 30th April, 2021
INR: Federal Fiscal Deficit (Mar) on 30nd April, 2021
|•USD : Crude Oil Inventories on 28th April, 2021
•USD: Fed Interest Decision on 28th April, 2021
|•Axis Bank on Tuesday reported a return to profit at Rs 2,677 crore in the quarter ended March 2021 due to a sharp fall in provisions. The lender had reported net loss of Rs 1,388 crore in the year-ago period. Net interest income rose 11% to Rs 7,555 crore as against Rs 6,808 crore a year ago. The provisions and contingencies during the quarter fell 58% to Rs Rs 3,295 crore as against Rs 7,730 crore in year-ago period. The lender said its loan book grew 12% on an annual basis and 8% on sequential basis.
•Hindustan Zinc reported a net profit of Rs 2,481 crore in the March quarter, up 85 per cent from the same period last year on the back of an increase in revenue. The company’s topline stood at Rs 6,725 crore in the period under review, up 56 per cent from same period last year, led a 45 per cent year-on-year spike in zinc sales, 44 per cent higher lead sales and a 125 per cent jump in silver revenue.
•Maruti Suzuki India on Tuesday reported a standalone net profit of Rs 1,166.1 crore for the quarter ended March 31, 2021 (Q4FY21). It was down 9.72 per cent from previous year’s profit of Rs 1,291.7 crore on account of lower sales volume, increase in commodity prices, adverse foreign exchange movement, and lower non-operating income. In the December quarter, PAT stood at Rs 1,941.4 crore. On a consolidated basis, the net profit slipped 6.1 per cent to Rs 1,241.1 crore.
•The share sale in Hathway Cable Datacom saw more bids than shares on offer. The 205-million share offering (11.61 per cent equity stake) attracted bids for 279 million shares with both retail and non-retail portion getting oversubscribed, data provided by the BSE showed.
•Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|BAJAJFINSV||Dividend;Audited Results||28-Apr-21||MAHSCOOTER||Dividend;Audited Results||28-Apr-21|
|BIOCON||Final Dividend;Audited Results||28-Apr-21||MASTEK||Final Dividend;Audited Results||28-Apr-21|
|BOMDYEING||Dividend;General;Audited Results||28-Apr-21||MEGFI||Audited Results||28-Apr-21|
|CARBORUNIV||Final Dividend;Audited Results||28-Apr-21||MOREPENLAB||General||28-Apr-21|
|CHENNPETRO||Dividend;Audited Results||28-Apr-21||NELCO||Dividend;Audited Results||28-Apr-21|
|ENKEIWHEL||General;Quarterly Results||28-Apr-21||PIFL||Audited Results;General||28-Apr-21|
|GHCL||Final Dividend;General;Results||28-Apr-21||SHREDIGCEM||General;Quarterly Results||28-Apr-21|
|HATHWAY||Audited Results||28-Apr-21||SIS||Audited Results||28-Apr-21|
|KPITTECH||Final Dividend;Audited Results||28-Apr-21||SPANDANA||General||28-Apr-21|
|KPRMILL||Final Dividend;Audited Results||28-Apr-21||TATACOMM||Final Dividend;Audited Results||28-Apr-21|
|KSB||Quarterly Results||28-Apr-21||UTIAMC||Final Dividend;Audited Results||28-Apr-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|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|
|HCLTECH||29-Apr-21||Interim Dividend – Rs. – 6.00||STOVACQ||03-May-21||Dividend – Rs. – 22.00|
|HCLTECH||29-Apr-21||Special Dividend – Rs. – 10.00||GDL||04-May-21||Interim Dividend|
|ISHANCH||29-Apr-21||Interim Dividend – Rs. – 1.2500||LXMIATO||04-May-21||Consolidation of Shares|
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