The Nifty opened at 14506.30 with a gap up of 182 points. The index first went down and recorded its intraday low at 14414.25. Prices then saw an upside move of almost 150 points and recorded its intraday high at 14572.90. Prices then spent the rest of the day trading choppy and narrow and finally closed at 14507.30 near its opening price with a gain of 182.40 points. All the sectoral indices have closed with gains led by Metal, Finanial and Auto. After two days of large movement the index traded very choppy and narrow. Prices have traded in a range of just 158 points. The index managed to hold onto its gains and closed a tad above 14500. Volatility has now cooled off completely and implied volatility is now back to normal. This suggests a process of consolidation is very near. Support is visible around 14200 while resistance at 14700. It is possible that the index may spend a few days inside these levels.
Short term trend remains on the downside. The long term trend is now down while long term momentum has entered the weak zone.
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|GODREJCP||710.25||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 695 and for the target 730.|
|LICHSGFIN||419.80||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 414 and for the target 430|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|BHARTI AIRTEL||520 CE||BUY||22.15||CMP||19||29||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|APLLTD.21.04 Apr||942.95||1.82||10176.92||734800||INDIGO.21.04 Apr||1617.15||-2.63||4962.32||3493000|
|PAGEIND.21.04 Apr||30240.05||3.56||9326.32||53730||UPL.21.04 Apr||593||-0.55||4127.48||19399900|
|SHREECEM.21.04 Apr||28379.3||3.04||8727.59||128000||PFIZER.21.04 Apr||4411.4||-0.04||3106.67||60125|
|JSWSTEEL.21.04 Apr||447.3||2.03||6226.13||33990300||EICHERMOT.21.04 Apr||2580.95||-0.02||2644.4||2401350|
|PIDILITIND.21.04 Apr||1812||2.83||5552.24||1893500||MPHASIS.21.04 Apr||1653.4||-0.82||2567.5||346775|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
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Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Vedanta Limited||226.85||1.96||16219649||19886405||65.68||Nifty Metal||3855.3||3.68||80610|
|Sbi Life Insurance Compa||873.95||1.14||1194885||1714275||63.22||Nifty Fmcg||33818.45||1.82||80610|
|Icici Lombard General In||1400||0.85||227045||318068||62.74||Nifty Realty||328.6||1.69||80610|
|Hindustan Unilever Ltd||2317.9||3.61||1929236||1515423||60.72||Nifty 50||14507.3||1.27||80610|
|Infosys Limited||1336.2||0.18||4922071||5246781||59.96||Nifty Auto||9771.5||1.24||80610|
|Hdfc Ltd.||2532.75||2.51||3272534||2734430||57.46||Nifty it||25385.1||0.59||80610|
|Godrej Cons Products Ltd||710.25||4.48||3079702||890087||57.25||Nifty Pharma||11883.2||0.56||80610|
|Petronet Lng Limited||224.05||1.49||3014213||2562192||57.1||Nifty Energy||18217.65||0.46||80610|
|Power Grid Corporation o||214.6||-0.83||14166489||6275324||55.03||Nifty Media||1544.5||0.06||80610|
Upcoming Economic Data
|INR: Federal Fiscal Deficit (Feb) on 31th March, 2021
INR: Infrastructure Output (YoY) (Feb) on 31st March, 2021
|•USD : CB Consumer Confidence (Mar) on 30th March, 2021
•USD: Crude Oil Inventories on 31st March, 2021
|•India’s electricity demand is expected to be higher year-on-year in the fourth quarter of the current fiscal, India Ratings and Research said in a report. This assumes importance as energy consumption, especially that of electricity and refinery products, is typically linked to overall demand in the economy. This also comes at a time when India’s gross domestic product (GDP) growth is estimate have been revised upwards by ratings agencies.
•The Supreme Court verdict will allow the Tata Group to better focus on its businesses and pursue growth strategies as key uncertainties relating to minority stakeholder, the Shapoorji Pallonji Group, have been addressed. Several key projects are now expected to be approved, said people with knowledge of the matter.
•The Narendra Modi-led government’s push towards privatisation—the strongest India has seen in many years—faced resistance from a number of key ministries within the administration, show hundreds of pages of correspondence exchanged over a seven-month period. Despite this pushback and a number of unresolved issues, Finance Minister Nirmala Sitharaman announced the new Public Sector Enterprise Policy in the Union Budget of 2021-22 presented on Feb. 1.
•India’s ethanol manufacturing capacity could rise threefold as the nation allowed production from feedstocks other than sugarcane and targets higher blending with petrol, according to biofuels maker Praj Industries Ltd.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|BSELINFRA||Voluntary Delisting of Shares;General||30-Mar-21||PULSRIN||General||30-Mar-21|
|GCKL||Preferential Issue of shares;General||30-Mar-21||SHARDA||General||30-Mar-21|
|INSECTICID||Buy Back of Shares||30-Mar-21||SHREEPUSHK||General||30-Mar-21|
|IRIS||General||30-Mar-21||SOMATEX||Voluntary Delisting of Shares||30-Mar-21|
|OCTAL||Voluntary Delisting of Shares;General||30-Mar-21||UDAYJEW||General||30-Mar-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|AARTIDRUGS||30-Mar-21||Buy Back of Shares||KDDL||30-Mar-21||Right Issue of Equity Shares|
|ACC||30-Mar-21||Final Dividend – Rs. – 14.00||SUNCLAYLTD||30-Mar-21||Interim Dividend – Rs. – 11.00|
|COLPAL||30-Mar-21||Interim Dividend – Rs. – 20.00||TVSMOTOR||30-Mar-21||Interim Dividend – Rs. – 1.40|
|CRISIL||30-Mar-21||Final Dividend – Rs. – 14.00||RAILTEL||31-Mar-21||Interim Dividend – Rs. – 1.00|
|EASTWEST||30-Mar-21||Bonus issue 1:4||SAREGAMA||05-Apr-21||Interim Dividend – Rs. – 20.00|
|EASTWEST||30-Mar-21||Stock Split From Rs.10/- to Rs.2/-||SBILIFE||05-Apr-21||Interim Dividend – Rs. – 2.50|
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