Outlook-28-05-2021NIFTY:

The Nifty opened at 15323.95 with a gap up of 22 points. The index first moved down and filled the gap up. The index then started moving upside. That rally did not last long and the index saw a sharp fall and recorded its intraday low at 15272.50. Prices again bounced up from that low and saw a rally of more than 100 points and closed at 15337.85 near its intraday high with a gain of 36.40. The IT and Bank sectors have performed well and closed higher by almost 1%. Pharma and Realty underperformed and closed lower. We suggested a long trade above 15350. Prices have broken that level and our long trade was executed. Stay long with a stop at 15270 and a target of 15500.

It was a volatile day in the index. Prices have seen a move of almost 100 points for three times and finally ended near 15350. Prices have resumed its up move after a brief correction and broken out from a small consolidation.

BANK NIFTY:

Bank Nifty opened at 34664.20 without much of a gap. The index first moved lower and then started an upside move. Prices have recorded its intraday high at 35006.75 and then started drifting downwards. The index recorded its intraday low at 34529.70 and closed with a gain 400 points. PSU Banks outperformed and closed with a gain of almost 3%. Private Banks also closed higher by almost 1%. Within the index, SBIN contributed highest while ICICI Bank the lowest.

Our long trade was executed above 35000 in the second half. Stay long with a stop at 34600 and target of 36000.

 

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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
BANKBARODA 83.55 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 81 and for the target 86.5
AMBUJA CEMENTS 330.10 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 326 and for the target  337

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DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
IGL 520 CE BUY 22.70 CMP 18 29 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ULTRACEMCO.21.05 May 6725.05 2.38 50.53 510300 MOTHERSUMI.21.05 May 233 -0.47 60.68 14374500
GODREJCP.21.05 May 838 1.52 47.35 1749000 HINDUNILVR.21.05 May 2323.2 -1.38 60.27 3162300
TITAN.21.05 May 1604 1.2 45.93 2485500 MARUTI.21.05 May 6980.05 -0.57 53.13 1212300
TECHM.21.05 May 1028.9 1.92 44.27 6516600 DABUR.21.05 May 527 -1.08 37.93 3191250
IGL.21.05 May 522.05 2.64 43.96 1670625 HDFC.21.05 May 2510.65 -2.29 32.32 4599600
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
ALKEM.21.05 May 2938 0 -54.91 34000 AARTIIND.21.05 May 1656.95 -0.65 -61.16 87975
BANKNIFTY.21.05 May 35095 1.07 -52.69 461100 VEDL.21.05 May 267.55 -0.5 -57.11 12198500
GODREJPROP.21.05 May 1364.55 0.91 -51.35 140400 NAM-INDIA.21.05 May 349 -0.21 -43.26 195200
BANKBARODA.21.05 May 83.8 3.91 -45.24 21352500 GUJGASLTD.21.05 May 512.55 -0.41 -41.31 223750
NATIONALUM.21.05 May 74.3 3.55 -44.33 9605000 CUMMINSIND.21.05 May 767.15 -4.67 -37.28 397800

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TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Petronet Lng Limited 239.5 2.13 12289519 1867350 65.77 Nifty Bank 35095.05 1.18 92589
Hindustan Unilever Ltd 2326.4 -1.17 3755182 493837 60.89 Nifty it 27164.8 1.14 92589
Nippon Life India Asset 347.85 -0.47 345200 159405 59.13 Nifty Media 1791.05 0.99 92589
Icici Lombard General In 1446.4 -2.06 1130538 268370 58.76 Nifty Metal 5043.3 0.77 92589
Itc Ltd. 211.15 0.26 47554219 9649911 54.9 Nifty Auto 10486 0.46 92589
Kotak Mahindra Bank Limi 1777.25 2.1 5339988 1557716 54.75 Nifty 50 15337.85 0.24 92589
Dabur India Ltd. 527.2 -0.94 7104429 836617 54.55 Nifty Fmcg 34812.3 -0.01 92589
Icici Prudential Life In 527.35 0.28 4384125 1457237 52.95 Nifty Energy 19295.35 -0.13 92589
Infosys Limited 1402.25 0.36 15365391 3555403 51.9 Nifty Pharma 14100.05 -0.19 92589
Tata Consumer Products l 648.55 1.04 3543940 1192147 51.5 Nifty Realty 331.45 -1.19 92589

UPCOMING ECONOMIC DATA

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

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

•USD : ISM Manufacturing PMI (May) on 1st June, 2021

•USD : ADP Nonfarm Employment Change (May) on 3rd June, 2021

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NEWS UPDATES

•Sun Pharmaceutical Industries Ltd.’s quarterly profit fell by more than half as sales and other income declined, and its U.S. arm reported an operating loss. Consolidated net profit of the nation’s largest drugmaker fell 52% sequentially to Rs 894.15 crore in the quarter ended March, according to an exchange filing. That compares with the Rs 1,375-crore consensus estimate of analysts tracked by Bloomberg. Key Q4 highlights (QoQ)

•Paytm, India’s leading digital payments provider, is aiming to raise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever.

•Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Thursday said it has no intention to sell a part of its stake in Petronet LNG Ltd and Indraprastha Gas Ltd (IGL) to help its new owner avoid making an open offer for the two gas companies.

•Kalyan Jewellers on Thursday reported a 54.05 per cent jump in its consolidated profit after tax (PAT) to Rs 73.87 crore for the quarter ended March 31. The company’s PAT had stood at Rs 47.95 crore during the fourth quarter of 2019-20, Kalyan Jewellers said in a BSE filing. Its consolidated revenue from operations in January-March 2021 grew 42.78 per cent to Rs 3,056.60 crore, compared with Rs 2,140.71 crore in the year-ago period.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
3MINDIA Quarterly Results;General;A.G.M. 28-May-21 M&M Audited Results;Dividend 28-May-21
ABFRL Audited Results 28-May-21 MAXHEALTH Audited Results 28-May-21
BATLIBOI Audited Results 28-May-21 NAZARA Audited Results 28-May-21
CAMLINFINE Dividend;Audited Results 28-May-21 NCC Audited Results;Final Dividend 28-May-21
CANBK General 28-May-21 NESCO Audited Results;Final Dividend 28-May-21
CFL Audited Results 28-May-21 RECLTD Audited Results 28-May-21
DEEPAKFERT Audited Results;Dividend;General 28-May-21 RELINFRA Audited Results 28-May-21
GLENMARK Final Dividend;Audited Results 28-May-21 SMSPHARMA Audited Results 28-May-21
GMM Audited Results;Final Dividend 28-May-21 STEELCAS Audited Results 28-May-21
GREENPOWER Quarterly Results;Audited Results 28-May-21 SUDARSCHEM Audited Results;Final Dividend 28-May-21
HEIDELBERG Audited Results;Dividend 28-May-21 SUMICHEM Final Dividend;Audited Results 28-May-21
INDIANB Final Dividend;Audited Results 28-May-21 TVTODAY Final Dividend;Audited Results 28-May-21
IPCALAB Audited Results 28-May-21 UGARSUGAR Final Dividend;Audited Results 28-May-21
ITDCEM Audited Results;Dividend 28-May-21 UJJIVAN Audited Results 28-May-21
JINDALPOLY Audited Results;Final Dividend 28-May-21 VMART Audited Results 28-May-21
JKCEMENT General 28-May-21 ZUARI Audited Results 28-May-21

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
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 CYIENT 03-Jun-21 Final Dividend – Rs. – 17.00
HDFC 31-May-21 Dividend – Rs. – 23.00 RAWEDGE 03-Jun-21 Bonus issue 1:5
INFY 31-May-21 Final Dividend – Rs. – 15.00 SBIN 03-Jun-21 Dividend – Rs. – 4.00
INDIGRID 01-Jun-21 Income Distribution (InvIT) CUB 04-Jun-21 Interim Dividend

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