The Nifty opened at 14710.50 with a gap up of 57 points. The index recorded its intraday low at 14694.95 within the first five minutes of trading and then started moving up. Prices have rallied almost 200 points from the intraday low, recorded its intraday high at 14890.25 and finally closed at 14864.55 with a gain of 211.50 points. The Metal, Pharma and Realty have underperformed and closed lower. All the other sectoral indices have seen a rally and closed higher. We had suggested a long trade. The trade was to buy above 14700. We went long above the first 15 minutes high at 14757. Prices have neither touched the stop nor the target. Stay long with a stop at 14750 and a target at 14950. Back to back trend days on the upside took the Nifty above 14700 resistance and the index closed well above that level. A large trading range inside 14200-14700 has broken decisively on the upside. Short term trend has changed to the upside.
The index has rallied from 14200 support to the high recorded around 14900. This 700 points rally should see a correction soon. Today is the monthly expiry we so we may see some choppy trading. Wait for a dip to buy.
Bank Nifty opened at 32865.50 with a gap up of 105 points. The index recorded its intraday low at 32840.30 in its initial trade and then started moving up. Prices continued that bullish momentum and finally closed at 33722. Private and PSU Banks both have performed well and closed higher by more than 2.50%. Within the index, ICICI Bank contributed highest followed by HDFC Bank.
It was a trend day on the upside where prices have recorded its intraday low near the opening tick and intraday high near the closing.
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|L&TFH||91.85||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 90 and for the target 95.30|
|APOLLOTYRE||212.75||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 209 and for the target 217|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|MANAPPURAM||147.5 CE||BUY||2||CMP||.5||6||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|KOTAKBANK.21.04 Apr||1814.1||3.59||29.19||8021600||JUBLFOOD.21.04 Apr||2922.1||-0.97||23.7||897750|
|PIDILITIND.21.04 Apr||1875.05||2.24||27.87||1245500||SRF.21.04 Apr||6375||-1.2||17.22||262125|
|NTPC.21.04 Apr||103.65||1.47||24.88||58539000||BIOCON.21.04 Apr||387.4||-2.63||16.31||10872100|
|MARICO.21.04 Apr||410.1||0.42||19.84||2912000||LT.21.04 Apr||1377.15||-0.12||13.72||4589650|
|ICICIBANK.21.04 Apr||618.25||3.47||19.1||43239625||APOLLOHOSP.21.04 Apr||3190.25||-0.27||10.6||1215500|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|NAM-INDIA.21.04 Apr||343.65||0.64||-28.05||1124800||GMRINFRA.21.04 Apr||22.95||-1.29||-35.43||75622500|
|LALPATHLAB.21.04 Apr||2864.9||1.42||-25.54||215000||CUMMINSIND.21.04 Apr||881.85||-1.63||-30.53||565200|
|BAJAJFINSV.21.04 Apr||10505.5||3.82||-21.31||362875||AARTIIND.21.04 Apr||1548.95||-1.07||-29.65||170425|
|BOSCHLTD.21.04 Apr||13795.05||1.42||-21.02||47900||GUJGASLTD.21.04 Apr||535||-1.87||-23.24||408750|
|RBLBANK.21.04 Apr||192.5||3.05||-20.99||7444300||MUTHOOTFIN.21.04 Apr||1179.05||-0.08||-20.8||1011000|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hindustan Unilever Ltd||2406.55||1.12||1951215||1089882||65.32||Nifty Bank||33722.8||3.02||99117|
|Petronet Lng Limited||237.1||-0.92||2714344||1896656||64.47||Nifty Auto||9871.5||1.68||99117|
|Colgate Palmolive (india||1490.6||-0.3||474599||290824||62.74||Nifty 50||14864.55||1.44||99117|
|L&t Technology Services||2624.4||1.22||207582||132950||60.03||Nifty Media||1557.95||1.05||99117|
|Larsen & Toubro Infotech||3890.85||-0.48||297881||90970||58.03||Nifty Energy||17990.6||0.62||99117|
|Tata Consultancy Serv Lt||3124.1||-0.25||1639037||849767||57.75||Nifty it||25962.1||0.57||99117|
|Havells India Limited||1019.85||-0.84||844145||721067||57.45||Nifty Fmcg||34129.15||0.35||99117|
|Godrej Cons Products Ltd||711.8||1.37||606306||357072||56.96||Nifty Metal||4645.05||-0.3||99117|
|Sbi Life Insurance Compa||930.4||0.18||1904945||1069722||55.51||Nifty Pharma||13252.95||-0.33||99117|
|Hdfc Bank Ltd.||1476.8||2.65||12051970||5650216||54.88||Nifty Realty||312.45||-0.59||99117|
UPCOMING ECONOMIC DATA
|INR: Infrastructure Output (YoY) on 30th April, 2021
INR: Federal Fiscal Deficit (Mar) on 30nd April, 2021
|•USD : GDP (QoQ) (Q1) on 29th April, 2021
•USD: Initial Jobless Claims on 29th April, 2021
|•Bajaj Finserv Ltd (BFL) on Wednesday reported over four-fold jump in its consolidated net profit to Rs 979 crore for the fourth quarter ended in March 2021, driven by its insurance business. The company had posted a net profit of Rs 194 crore during the corresponding January-March period of 2019-20. The total consolidated income during the March 2021 quarter increased to Rs 15,387 crore as against Rs 13,294 crore in the corresponding period of the previous financial year, BFL said in a regulatory filing.
•Hero MotoCorp on Wednesday announced the price list for the Harley Davidson Model Year 2021 motorcycles in India. Harley Davidson Road Glide Special, the most expensive of the bunch, will be available for Rs 34,99,000 (ex-showroom).
•Auto giant Maruti Suzuki has decided to shut down factories in Haryana and Gujarat to make oxygen available for medical needs. In light of this, Maruti has decided to advance its bi-annual maintenance shutdown from May 1-9, the company said.
•Morepen Laboratories said on April 28 that its board of directors approved an investment of $32.50 million from Switzerland-based Corinth Group as part of the private investment firm’s proposed $100 million investment in the Morepen Group. The investment is subject to the approval of shareholders and other regulatory bodies. Corinth would be allotted 58.50 million new equity shares on a preferential basis. This shareholding would amount to a 9.41 percent equity stake in the company on a fully expanded capital base. The remaining $67.50 million would be in the promoter group companies.
•Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|HEXAWARE||Quarterly Results||29-Apr-20||JUSTDIAL||Buy Back of Shares;General||30-Apr-20|
|KANCHI||General||29-Apr-20||LAURUSLABS||Stock Split;Final Dividend;Results||30-Apr-20|
|APOLLOTRI||General;Audited Results||30-Apr-20||RELIANCE||Right Issue;Audited Results;Dividend||30-Apr-20|
|BIRLAMONEY||General;Audited Results||30-Apr-20||SIS||Quarterly Results;Audited Results||30-Apr-20|
|ECOM||Quarterly Results;Audited Results||30-Apr-20||WALCHPF||Audited Results;A.G.M.;Dividend||30-Apr-20|
|FLFL||General||30-Apr-20||XTGLOBAL||Audited Results;Scheme of Arrangement||30-Apr-20|
|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 – Rs. – 5.00|
|ISHANCH||29-Apr-21||Interim Dividend – Rs. – 1.2500||LXMIATO||04-May-21||Consolidation of Shares|
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