NIFTY:
Due to the fall in the US markets overnight, we expected a gap down opening. The Nifty opened with losses but the decline quickly picked up steam. Throughout the day, waves of selling came in. The Nifty went through a cycle of consolidation then further breakdown. At the end of trading, the index made its low at 13713 and then we saw some kind of pullback in the markets with the index closing just above 13800.
As we approach the Budget, the volatility is likely to increase over in the coming days. Nifty is likely to face.
resistance at 14100 and 14350 levels in the coming week, while supports will come in at 13600 and 13700 levels. The trading range is expected to remain wider in the coming week as well.
The Nifty ended the day with a bullish doji candle on the daily chart. If there is any pull back in the market, we could see a move until 14100 with the immediate support being at 13700.
We can see immense volatility in the market due to the upcoming budget and on going results session. Traders should be cautious at these levels.
BANK NIFTY:
Bank Nifty opened at 29812 with a gap down. The index traded sideways initially and recorded its intraday low at 29687. The index then started moving up and outperformed the Nifty. PSU Banks closed in the green while Private Banks closed down. Within the index, in terms of points Axis Bank contributed highest while Bank Baroda the lowest.
Bank Nifty closed at 30358 up by almost 100 points. The index has a good support around 29500.
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TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| HINDPETRO | 221.50 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 216 and for the target 229 |
| SBIN | 282.35 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 276 and for the target 292. |
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DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| ICICIBANK | 520CE | BUY | 30.10 | CMP | 26 | 38 | OI increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| AXISBANK.21.01 Jan | 665 | 4.86 | 47.98 | 28762800 | HDFC.21.01 Jan | 2434.6 | -1.61 | 55.06 | 8390700 | |
| TORNTPHARM.21.01 Jan | 2658.65 | 0.71 | 23.04 | 247000 | HINDUNILVR.21.01 Jan | 2301 | -3.81 | 51.72 | 2850600 | |
| BAJAJ-AUTO.21.01 Jan | 4146.75 | 0.18 | 21.41 | 693250 | MARUTI.21.01 Jan | 7585.3 | -3.74 | 49.88 | 1153800 | |
| NTPC.21.01 Jan | 91.7 | 0.49 | 20.97 | 46854000 | AMBUJACEM.21.01 Jan | 247.9 | -2 | 45.27 | 7422000 | |
| PIDILITIND.21.01 Jan | 1717 | 0.06 | 16.38 | 1055000 | MOTHERSUMI.21.01 Jan | 148.4 | -1.88 | 37.18 | 11802000 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI% | OI | Stocks | Price | Price % | OI % | OI | |
| AARTIIND.21.01 Jan | 1141.2 | 1.09 | -68.99 | 54825 | GMRINFRA.21.01 Jan | 24.85 | -1.97 | -62.12 | 9990000 | |
| BATAINDIA.21.01 Jan | 1517.25 | 0.23 | -40.3 | 194700 | MINDTREE.21.01 Jan | 1668 | -2.19 | -61.71 | 189600 | |
| HDFCAMC.21.01 Jan | 2930 | 0.55 | -31.26 | 75200 | IDFCFIRSTB.21.01 Jan | 47.55 | -0.31 | -55.61 | 13528000 | |
| DLF.21.01 Jan | 262.1 | 1.02 | -30.03 | 5537400 | AMARAJABAT.21.01 Jan | 951.4 | -0.23 | -47.96 | 217000 | |
| APOLLOTYRE.21.01 Jan | 204.1 | 1.01 | -28.47 | 3680000 | WIPRO.21.01 Jan | 431.4 | -3.2 | -44.92 | 3280000 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Torrent Pharma Ltd. | 2663.85 | 0.59 | 274398 | 293128 | 66.09 | Nifty Bank | 30358.3 | 0.24 | 83436 | |
| Aarti Industries Ltd. | 1139.25 | 0.72 | 404772 | 224221 | 64.88 | Nifty Media | 1668.65 | -0.07 | 83436 | |
| Kotak Mahindra Bank Limi | 1722.85 | -2.37 | 6035924 | 4855035 | 61.52 | Nifty Energy | 16459.75 | -0.14 | 83436 | |
| Hdfc Ltd. | 2425.75 | -1.67 | 5282970 | 2961607 | 60.96 | Nifty Metal | 3138.1 | -0.53 | 83436 | |
| Icici Lombard General In | 1371.25 | -0.55 | 896401 | 927673 | 60.25 | Nifty Pharma | 12395.95 | -0.8 | 83436 | |
| Power Grid Corporation o | 187.3 | -2.63 | 9040763 | 6349889 | 59.81 | Nifty Auto | 10105.6 | -1.02 | 83436 | |
| Infosys Limited | 1276.2 | -1.91 | 4660690 | 4665656 | 57.36 | Nifty 50 | 13817.55 | -1.07 | 83436 | |
| Icici Bank Ltd. | 528.25 | 1.13 | 29836591 | 15695957 | 55.96 | Nifty Fmcg | 33625.85 | -1.91 | 83436 | |
| Petronet Lng Limited | 242.45 | 1.96 | 4744055 | 3108766 | 55.74 | Nifty it | 25301.25 | -2.18 | 83436 | |
| Hdfc Bank Ltd. | 1371.45 | -2.71 | 21352223 | 6565369 | 55.74 | Nifty Realty | 304.15 | -2.2 | 83436 | |
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UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: Federal Fiscal Deficit (Dec) on 29nd January, 2021
INR: Infrastructure Output (YoY) (Dec) on 29nd January, 2021 |
•USD : Pending Home Sales(MoM) Dec on 28th January, 2021
•USD : Personal Spending (MoM) Dec on 28th January, 2021 |
NEWS UPDATES
| •Tata Motors announced the first anniversary of its electric SUV the Tata NexonEV. In terms of the current market of electric vehicles in India, the company claims that it commands a market share of 64% (YTD FY21). Tata Motors has managed to sell around 3000 units of the EV.
•Tata Power Solar has received a letter of award (LoA) to build 95 megawatt (MW) of solar photovoltaic project worth about Rs 460 crore for Gujarat State Electricity Corporation Ltd (GSECL). The commercial operation date for this project is set for April 2022. With this addition, the order pipeline of Tata Power Solar Systems Ltd (TPSSL) stands at about 4.2 gigawatt peak (GWp) with a value of about Rs 12,500 crore, thereby cementing its position as India’s leading solar EPC player for seventh year in a row among utility scale. •Grinntech, an investor-backed start-up specialising in Lithium-Ion batteries for EVs and energy storage systems, today announced the inauguration of its larger manufacturing plant in Chennai. V Sumantran, former Vice-Chairman of Ashok Leyland and Lakshmi Narayanan, Co-Founder and former Vice-Chairman of Cognizant are among the investors in thr company. They are also Directors of Grinntech. Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint |
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BOARD MEETING
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| BAJAJHCARE | Quarterly Results | 29-Jan-21 | TECHM | Quarterly Results | 29-Jan-21 |
| CIPLA | Quarterly Results | 29-Jan-21 | UNIONBANK | Quarterly Results | 29-Jan-21 |
| DAAWAT | Interim Dividend;Quarterly Results | 29-Jan-21 | UPL | Quarterly Results | 29-Jan-21 |
| DABUR | Quarterly Results | 29-Jan-21 | WOCKPHARMA | Quarterly Results | 29-Jan-21 |
| DISHTV | Quarterly Results | 29-Jan-21 | BHARAT | Quarterly Results | 29-Jan-21 |
| DRREDDY | Quarterly Results | 29-Jan-21 | COMPUSOFT | General;Quarterly Results | 29-Jan-21 |
| EXIDEIND | Interim Dividend;Quarterly Results | 29-Jan-21 | DHPIND | General;Quarterly Results | 29-Jan-21 |
| INDUSINDBK | Quarterly Results | 29-Jan-21 | DLF | Quarterly Results | 29-Jan-21 |
| IOC | Interim Dividend;Quarterly Results | 29-Jan-21 | GRINDWELL | Quarterly Results | 29-Jan-21 |
| JKLAKSHMI | Quarterly Results | 29-Jan-21 | HERITGFOOD | Quarterly Results | 29-Jan-21 |
| JSWENERGY | General;Quarterly Results | 29-Jan-21 | IIFL | Interim Dividend;Quarterly Results | 29-Jan-21 |
| JUSTDIAL | General;Quarterly Results | 29-Jan-21 | LICHSGFIN | General;Quarterly Results | 29-Jan-21 |
| LALPATHLAB | Interim Dividend;Quarterly Results | 29-Jan-21 | SHANKARA | Quarterly Results | 29-Jan-21 |
| SUNPHARMA | Quarterly Results | 29-Jan-21 | SHRIRAMCIT | Interim Dividend;General;Quarterly Results | 29-Jan-21 |
| TATAMOTORS | Quarterly Results | 29-Jan-21 | SOLARINDS | Quarterly Results | 29-Jan-21 |
| TATAMTRDVR | Quarterly Results | 29-Jan-21 | STEELCAS | Quarterly Results | 29-Jan-21 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| SRF | 29-Jan-21 | Interim Dividend – Rs. – 19.0000 | BELLACASA | 03-Feb-21 | Interim Dividend – Rs. – 0.6000 |
| ZENSARTECH | 29-Jan-21 | Interim Dividend – Rs. – 1.2000 | KKCL | 03-Feb-21 | Interim Dividend – Rs. – 8.0000 |
| PHILIPCARB | 01-Feb-21 | Interim Dividend – Rs. – 7.0000 | KNRCON | 03-Feb-21 | Bonus issue 1:1 |
| SYMPHONY | 01-Feb-21 | Interim Dividend – Rs. – 1.0000 | MENONBE | 03-Feb-21 | Interim Dividend – Rs. – 1.5000 |
| KAJARIACER | 02-Feb-21 | Interim Dividend – Rs. – 10.0000 | WENDT | 03-Feb-21 | Interim Dividend – Rs. – 10.0000 |
| SAGCEM | 02-Feb-21 | Interim Dividend – Rs. – 2.0000 | AKCAPIT | 04-Feb-21 | Interim Dividend – Rs. – 5.0000 |
DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014
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