The Nifty opened at 15629.65 with a gap up of 47 points. The index initially moved up and recorded its intraday high at 15660.75. Prices found resistance there and started moving down. The index recorded its intraday low at 15528.30 and found support there. The index then moved sideways and finally closed at 15574.85. The Media, IT and Pharma performed well and closed higher. Banks and Metal have underperformed and closed lower. It was a narrow and volatile day in the index. First prices opened with a gap up that did not sustain. A sharp intraday decline filled that gap. Prices then saw minor rallied which fizzled out quickly. The index continued recorded a new lifetime high for three consecutive days.
As discussed the markets have seen an upside move of more than 700 points in the last 8 trading days. So we may see some dip or consolidation.
Bank Nifty opened at 35639.75 with a gap up of 155 points. The index first moved up and recorded its intraday high at 35713.90 and then moved down. Prices filled the gap up completely and recorded its intraday low at 35421.20. PSU and Private Banks both have seen a decline and closed lower. SBIN Contributed highest while ICICI Bank the lowest.
The index is finding It difficult to move above 35500. A strong resistance is visible around 36500 while support around 35000.
Trade AnyTime AnyWhere With Elite Empower Mobile App
|ADANIPORTS||798.20||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 787 and for the target 820.|
|ONGC||117.60||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 115 and for the target 122|
Get All Your Mutual Fund Portfolio Retuns on Your Mobile by Elite Kuber App
|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|SBIN||430 CE||BUY||16.5||CMP||13||21||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|ALKEM.21.06 Jun||3135.05||4.3||31.63||468600||ASHOKLEY.21.06 Jun||121.95||-1.81||15.7||37710000|
|ONGC.21.06 Jun||118.25||3.73||13.88||52429300||CUB.21.06 Jun||167.55||-2.93||10.48||5948900|
|AARTIIND.21.06 Jun||1721.85||2.4||9.61||804950||SAIL.21.06 Jun||121.5||-4.71||9.3||189335000|
|MINDTREE.21.06 Jun||2430.85||1.29||9.01||1760800||SRTRANSFIN.21.06 Jun||1400.2||-1.82||8.4||3720800|
|BEL.21.06 Jun||147.25||0.86||8.86||42909600||BHEL.21.06 Jun||71.3||-0.21||7.97||92326500|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|AUBANK.21.06 Jun||992||0.01||-4.37||2483000||FINNIFTYW.21.06 Jun||16664.9||-0.13||-84.35||1640|
|GUJGASLTD.21.06 Jun||541.95||0.59||-3.61||1767500||BANKBARODA.21.06 Jun||79.9||-1.42||-4.94||211863600|
|SBIN.21.06 Jun||430.25||1.87||-3.04||97687500||PNB.21.06 Jun||41.85||-1.88||-4.13||282416000|
|BRITANNIA.21.06 Jun||3465||0.2||-1.57||1852000||LALPATHLAB.21.06 Jun||2900.9||-2.38||-2.81||467250|
|SUNPHARMA.21.06 Jun||674.7||0.71||-1.12||41727000||EICHERMOT.21.06 Jun||2672.5||-0.33||-2.62||2357250|
Get Stock Market Recommendation By Our Research Analysts
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Petronet Lng Limited||241.1||-0.14||3319475||4685344||68.94||Nifty Energy||19976.8||0.34||96624|
|Hindustan Unilever Ltd||2358.3||0.78||1141451||770435||65.36||Nifty Media||1767||0.32||96624|
|Icici Lombard General In||1466.8||-0.35||423101||420602||61.64||Nifty it||27144.4||0.11||96624|
|Power Grid Corporation o||224.4||-0.55||8850226||4490346||60.93||Nifty Pharma||14058.05||0.04||96624|
|Amara Raja Batt Ltd||739.1||-0.26||1517337||1060414||59.42||Nifty Fmcg||35241.2||-0.01||96624|
|Hdfc Life Insurance Comp||665.25||-0.1||1731330||1832812||58.67||Nifty Auto||10457.85||-0.32||96624|
|Hcl Technologies Ltd.||950.7||0.58||2944472||2356232||56.48||Nifty Bank||35337.2||-0.53||96624|
|Info Edge (india) Limite||4427.8||1.9||528074||420018||54.1||Nifty Metal||5121.65||-0.78||96624|
|Hdfc Ltd.||2580.75||1.09||3900226||1727296||53.63||Nifty Pvt Bank||18521.6||-0.93||96624|
UPCOMING ECONOMIC DATA
|INR: Nikkei Services PMI (May) on 3rd June, 2021
INR: RBI Interest Rate Decision on 4th June, 2021
|•USD : Initial Jobless Claims on 3rd June, 2021
•USD : ISM Non-Manufacturing PMI (May) on 3rd June, 2021
|•The Asian markets have the potential to outperform in the global portfolio, said the latest report by Nomura, which maintained an overweight rating on India in its Asia ex-Japan portfolio. Reliance Industries (RIL), Infosys, ICICI Bank, Mahindra & Mahindra (M&M) and Dr. Reddy’s are Nomura’s preferred picks in the Indian context. The global research and brokerage had cut the Nifty50 target to 15,340 for March 2022 (earlier target: 14,680 by December 2021), which it has retained for now.
•Pharma major Cipla on Tuesday said it is seeking clarity and guidance from the government on the possible roadmap to import vaccine, while stressing that it has been at the forefront of COVID-19 care. The statement came after a report by PTI on Monday said the company is seeking fast-track approvals to expeditiously bring Moderna’s single-dose COVID-19 booster vaccine into India.
•Nine bidders have qualified to submit their proposals for the redevelopment of Chhatrapati Shivaji Maharaj Terminus Railway Station (CSMT) in Mumbai. A statement from the Indian Railway Stations Development Corporation (IRSDC) said these are Adani Railways Transport, GMR Enterprises, Godrej Properties, Oberoi Realty, ISQ Asia Infrastructure Investments, Kalpataru Power Transmission, Anchorage Infrastructure Investments Holdings, Brookfield Infrastructure Fund IV, and Moribus Holdings.
•Coal India on Tuesday said its coal offtake rose by 38 per cent to 55 million tonnes (MT) in May on the back of revival of fuel demand from the power sector. As coal supplies surged ahead to 55 MT in May, CIL recorded a whopping 15 MT increase in volume terms against comparable month last year, logging close to 38 per cent growth.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|BIGBLOC||Audited Results;Final Dividend||02-Jun-21||POLOHOT||Audited Results;Quarterly Results||02-Jun-21|
|BURNPUR||Audited Results||02-Jun-21||PRERINFRA||Audited Results||02-Jun-21|
|DVL||Audited Results;Final Dividend||02-Jun-21||PVR||Audited Results||02-Jun-21|
|GARODCH||Audited Results||02-Jun-21||RATNAMANI||Audited Results;Final Dividend||02-Jun-21|
|IOB||Preferential Issue of shares||02-Jun-21||RIDHISYN||Audited Results||02-Jun-21|
|JENBURPH||Audited Results;Dividend||02-Jun-21||RLFL||Audited Results||02-Jun-21|
|JPOLYINVST||Audited Results||02-Jun-21||SPRAYKING||Audited Results||02-Jun-21|
|LYKALABS||Audited Results||02-Jun-21||WAAREE||Audited Results||02-Jun-21|
|MOTHERSUMI||Audited Results;Final Dividend||02-Jun-21||YASHMGM||Audited Results||02-Jun-21|
|MTARTECH||A.G.M.;Audited Results;Final Dividend||02-Jun-21||7NR||Quarterly Results||03-Jun-21|
|MUTHOOTFIN||Audited Results;General||02-Jun-21||AFEL||Issue Of Warrants;General||03-Jun-21|
|NRBBEARING||Audited Results;Final Dividend||02-Jun-21||APLAPOLLO||Audited Results||03-Jun-21|
|OCTAWARE||Audited Results;Half Yearly Results||02-Jun-21||ARVINDFASN||Audited Results;Preferential Issue||03-Jun-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|KANPRPLA||02-Jun-21||Special Dividend – Rs. – 1.00||MANAPPURAM||04-Jun-21||Interim Dividend – Rs. – 0.7500|
|TOWERINFRA||02-Jun-21||Income Distribution (InvIT)||JAYBARMARU||07-Jun-21||Bonus issue 1:1|
|CYIENT||03-Jun-21||Final Dividend – Rs. – 17.00||NELCO||07-Jun-21||Dividend – Rs. – 1.20|
|RAWEDGE||03-Jun-21||Bonus issue 1:5||HUHTAMAKI||09-Jun-21||Final Dividend – Rs. – 3.00|
|SBIN||03-Jun-21||Dividend – Rs. – 4.00||RALLIS||09-Jun-21||Final Dividend – Rs. – 3.00|
|CUB||04-Jun-21||Interim Dividend – Rs. – 0.30||ASIANPAINT||10-Jun-21||Final Dividend – Rs. – 14.50|
Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014
Elite Wealth Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only information in making their investment decision and must exercise their own judgment before making any investment decision.
For analyst certification and other important disclosures, see the Disclosure Appendix, or go to www.elitewealth.in. Analysts employed by Elite Wealth Limited are registered/qualified as research analysts with SEBI in India.( SEBI Registration No.: INH100002300)
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited, firstname.lastname@example.org
The analyst(s) certify that all of the views expressed in this report accurately reflect my/our personal views about the subject company or companies and its or their securities. I/We also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. Unless otherwise stated, the individuals listed on the cover page of this report are analysts in Elite Wealth Limited.
As to each individual report referenced herein, the primary research analyst(s) named within the report individually certify, with respect to each security or issuer that the analyst covered in the report, that:
(1) all of the views expressed in the report accurately reflect his or her personal views about any and all of the subject securities or issuers; and
(2) no part of any of the research analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in the report.
For individual analyst certifications, please refer to the disclosure section at the end of the attached individual notes.
This note may include excerpts from previously published research. For access to the full reports, including analyst certification and important disclosures, investment thesis, valuation methodology, and risks to rating and price targets, please visit www.elitewealth.in.Company-Specific Disclosures Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting https://www.elitewealth.in , or e-mailing email@example.com with your request. Elite Wealth Limited may screen companies based on Strategy, Technical, and Quantitative Research. For important disclosures for these companies, please e-mail firstname.lastname@example.org.Options related research:
If the information contained herein regards options related research, such information is available only to persons who have received the proper option risk disclosure documents. For a copy of the risk disclosure documents, please contact your Broker’s Representative or visit the OCC’s website at https://www.elitewealth.in
All research reports made available to clients are simultaneously available on our client websites. Not all research content is redistributed, e-mailed or made available to third-party aggregators. For all research reports available on a particular stock, please contact your respective broker’s sales person. Ownership and material conflicts of interest Disclosure
Elite Wealth Limited policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst’s area of coverage. Analyst compensation: Analysts are salary based permanent employees of Elite Wealth Limited. Analyst as officer or director: Elite Wealth Limited policy prohibits its analysts, persons reporting to analysts from serving as an officer, director, advisory board member or employee of any company in the analyst’s area of coverage. Country Specific Disclosures India – For private circulation only, not for sale.
Legal Entities Disclosures
Mr. Ravinder Parkash Seth is the Managing Director of Elite Wealth Ltd (EWL, henceforth), having its registered office at Casa Picasso, Golf Course Extension, Near Rajesh Pilot Chowk, Radha Swami, Sector-61, Gurgaon-122001 Haryana, is a SEBI registered Research Analyst and is regulated by Securities and Exchange Board of India. Telephone:011-43035555, Facsimile: 011-22795783 and Website: www.elitewealth.in
EWL Advisory discloses all material information about itself including its business activity, disciplinary history, the terms and conditions on which it offers research report, details of associates and such other information as is necessary to take an investment decision, including the following:
a) EWL Advisory or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(b) EWL Advisory or its associates or relatives, have no actual/beneficial ownership of one per cent. or more in the securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance;
(c) EWL Advisory or its associate or his relative, has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
(a) EWL Advisory or its associates have not received any compensation from the subject company in the past twelve months;
(b) EWL Advisory or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months;
(c) EWL Advisory or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(d) EWL Advisory or its associates have not received any compensation for products or services other than investment banking
or merchant banking or brokerage services from the subject company in the past twelve months;
(e) EWL Advisory or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research report.
3 In respect of Public Appearances
(a) EWL Advisory or its associates have not received any compensation from the subject company in the past twelve months;
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report and the types of services provided by EWL Advisory
Provided that research analyst or research entity shall not be required to make a disclosure as per sub-clauses (c), (d) and (e) of clause (ii) or sub-clauses (a) and (b) of clause (iii) to the extent such disclosure would reveal material non-public information regarding specific potential future investment banking or merchant banking or brokerage services transactions of the subject company.
(4) EWL Advisory or its proprietor has never served as an officer, director or employee of the subject company;
(5) EWL Advisory has never been engaged in market making activity for the subject company;
(6) EWL Advisory shall provide all other disclosures in research report and public appearance as specified by the Board under any other regulations.