MORNING OUTLOOKNIFTY:

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:

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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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
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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DERIVATIVE PICKS

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
Sectors Price Change % Quantity
Nestleind 16779 -0.54 44651 117593 77.18 Nifty Metal 4659.25 2.71 95157
Alkem 2769.6 -1.01 80963 260961 72.48 Nifty Media 1541.8 1.7 95157
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

   Domestic                                                                                                                                                  International
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

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NEWS UPDATES

•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

BOARD MEETINGS

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

CORPORATE ACTION

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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