The Nifty opened at 14979 with a gap up of 115 points. The index moved further on the upside and recorded its intraday high at 15044.35. Prices did not sustain long enough above 15000 and fell down. A sharp decline of more than 200 points brought prices to 14814.45 which was also the intraday low. Prices have then moved up from that low. The rally also fizzled out and the index fell down again to close to 14894.90 with marginal gains of just 30.35 points. The Metal continued its outperformance and the sector ended with a gain of more than 4%. We were long in the Nifty around 14757. We have suggested a stop at 14750 and target at 14950. Markets opened in our favour with a gap up and prices settled around 15050. We have closed our long trade with a gain of 273 points.
A gap up opening did not sustain in the Nifty and prices have filled the gap completely. However some recovery in the afternoon helped index to close in a green zone. Yesterday’s intraday decline can be looked at a correction of the rally. The next buying opportunity comes close to 14700 levels.
Bank Nifty opened at 33901.60 with a gap up of 239 points. The index first moved up and recorded its intraday high at 34287. Prices then saw a sharp intraday fall to record its intraday low at 33304.60. The index traded very volatile and closed without much change. PSU Banks have underperformed and closed lower while Private Banks have performed well. Within the index, HDFC Bank contributed highest on the downside followed by ICICI Bank.
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|BHARAT FORGE||604.70||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 595 and for the target 620|
|LALPATHLAB||2926.45||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 2880 and for the target 2990|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|SUNPHARMA||650 CE||BUY||26.25||CMP||22||33||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|HINDALCO.21.04 Apr||369.2||1.83||35.18||16937700||MOTHERSUMI.21.04 Apr||218.85||-1.2||45.55||18564000|
|ONGC.21.04 Apr||104.65||0.67||23.94||26511100||PETRONET.21.04 Apr||235.35||-0.93||37.47||8376000|
|HINDUNILVR.21.04 Apr||2417.85||0.35||23.16||2747400||BAJAJ-AUTO.21.04 Apr||3806.55||-2.24||34.02||867750|
|ASIANPAINT.21.04 Apr||2614||0.02||17.88||1586400||HAVELLS.21.04 Apr||1006.2||-1.31||33.59||1583000|
|BHARATFORG.21.04 Apr||607.25||2.31||14.95||1903500||TECHM.21.04 Apr||970.3||-0.6||31.76||6531600|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|AARTIIND.21.04 Apr||1561.85||1.15||-43.27||84150||AMARAJABAT.21.04 Apr||800.35||-1.73||-48.77||479000|
|BIOCON.21.04 Apr||395.1||1.66||-39.65||4298700||IDFCFIRSTB.21.04 Apr||54.55||-0.27||-46.7||28709000|
|GODREJPROP.21.04 Apr||1384.9||2.11||-39.24||405600||NAM-INDIA.21.04 Apr||340.85||-0.31||-42.65||449600|
|BANKNIFTY.21.04 Apr||33712||0.05||-32.19||796625||CUMMINSIND.21.04 Apr||854.45||-3.13||-41.45||300000|
|AMBUJACEM.21.04 Apr||313.65||1.52||-29.29||2955000||GUJGASLTD.21.04 Apr||528||-2.49||-39.17||238750|
Get Stock Market Recommendation By Our Research Analysts
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hindustan Petroleum Corp||229.7||-0.71||6138668||3244172||64.19||Nifty Metal||4855.3||4.53||95052|
|Petronet Lng Limited||234.85||-0.95||2231672||1656647||61.03||Nifty Pharma||13298.65||0.34||95052|
|Hdfc Bank Ltd.||1472.5||-0.29||12039276||7196647||59.71||Nifty 50||14894.9||0.2||95052|
|Infosys Limited||1356.35||0.03||5412357||2857134||58.56||Nifty Bank||33714.5||-0.02||95052|
|Colgate Palmolive (india||1485.8||-0.32||553504||274965||57.94||Nifty Realty||312.2||-0.08||95052|
|Pidilite Industries Ltd||1848.2||-1.84||327090||498049||57.15||Nifty Media||1553.55||-0.28||95052|
|Hcl Technologies Ltd.||909.55||-1.54||8588734||3890178||56.83||Nifty it||25874.3||-0.34||95052|
|Itc Ltd.||204.3||-0.58||13096755||7221020||56.82||Nifty Fmcg||34009||-0.35||95052|
UPCOMING ECONOMIC DATA
|INR: Infrastructure Output (YoY) on 30th April, 2021
INR: Federal Fiscal Deficit (Mar) on 30nd April, 2021
|•USD : ISM Manufacturing PMI (Apr) on 3rd May, 2021
•USD: Trade Balance (Mar) on 4th May, 2021
|•Bajaj Auto on Thursday reported a 1.6 per cent year-on-year (YoY) growth in standalone net profit at Rs 1,332.07 crore for March quarter of FY21 (Q4FY21). The same was Rs 1,310.3 crore in the year-ago period. On a quarterly basis, the profit tumbled 14.4 per cent from Rs 1,556.3 crore. On a consolidated basis, the profit grew 14.5 per cent to Rs 1,551.28 crore from Rs 1,353.99 crore logged in March quarter of FY20. Rahul Bajaj resigned as chairman of Bajaj Auto. Niraj Bajaj has been appointed as the chairman of the company with effect from May 1.
•InterMESH reported its March quarter earnings on Thursday in which the company’s consolidated net profit was up nearly 26% to ₹55.7 crore as compared to ₹44.3 crore year-on-year (YoY). The company’s revenue grew 5.64% at ₹179.70 crore against ₹170 crore in the same quarter last year.
•The Tata Group is finally on its way to making an entry into the Indian online grocery segment. The Competition Commission of India (CCI) today permitted Tata Digital to acquire a majority stake in online grocery player BigBasket.
•Reliance Industries Ltd.’s fourth-quarter earnings are expected to rise, aided by the improved performance of its oil-to-chemicals segment. Rising crude oil prices and higher petrochemical product demand is expected to contribute to higher refining and petrochemical margins. Net profit of India’s biggest company by market value is expected to jump by more than two times year-on-year to Rs 13,704 Crore.
•Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|AJANTPHARM||Audited Results;Quarterly Results||30-Apr-21||PARAGMILK||General||30-Apr-21|
|ATUL||Audited Results;Final Dividend||30-Apr-21||RELIANCE||Audited Results;Final Dividend||30-Apr-21|
|CANFINHOME||Final Dividend;General;Results||30-Apr-21||SSPNFIN||Audited Results;Half Yearly Results||30-Apr-21|
|INDHOTEL||Audited Results;Final Dividend||30-Apr-21||SUPPETRO||Audited Results;Final Dividend||30-Apr-21|
|INDIANACRY||Audited Results;Quarterly Results||30-Apr-21||TCIDEVELOP||Final Dividend;Quarterly Results||30-Apr-21|
|INDUSINDBK||Audited Results;Final Dividend||30-Apr-21||TEEAI||Quarterly Results||30-Apr-21|
|KINGSINFR||General||30-Apr-21||TRENT||Audited Results;Final Dividend||30-Apr-21|
|MRCEXIM||Audited Results;Half Yearly Results||30-Apr-21||WALCHPF||A.G.M.;Final Dividend;General;Results||30-Apr-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|QUICKHEAL||30-Apr-21||Buy Back of Shares||ALLSEC||06-May-21||Interim Dividend|
|STOVACQ||03-May-21||Dividend – Rs. – 22.00||APTECHT||06-May-21||Dividend|
|GDL||04-May-21||Interim Dividend – Rs. – 5.00||EMBASSY||06-May-21||Income Distribution (InvIT)|
|LXMIATO||04-May-21||Consolidation of Shares||PRIMEFRESH||06-May-21||Bonus issue 2:1|
|CRISIL||05-May-21||Interim Dividend – Rs. – 7.00||SRIND||06-May-21||E.G.M.|
|SALORAINTL||05-May-21||E.G.M.||SEZAL||07-May-21||Resolution Plan -Suspension|
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