NIFTY:
US markets had closed lower on Friday. This was reflected in most Asian markets when they opened today. Our own market opened lower, and after an early morning effort to go up, finally gave up and closed significantly lower, closing almost at the lowest point of the day.
With this decline, the NIFTY is still at 8289, which is a good 800 points above the low is made at 7500. it is quite possible that we may continue to drift down, and test the lows of 7500. once a test of the earlier low has been made, and then only we will know if the low is holding or it broken down. There is reasonable psooibility that 7500 may finally become the base from which markets can begin a consolidation.
TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| DIVISLAB | 1893.90 | BUY | The stock has given the breakout with volume on the intraday as well as on the daily chart. The stock can be bought at CMP with a stop loss of 1860 and for the target of 1970. |
| BHARATFORG | 246.35 | SELL | The immediate trend of the stock is weak . The stock can be sold at CMP with a stop loss of 255 and for the target of 228. |
DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| TATASTEEL | 250 PE | BUY | 32.30 | CMP | 25 | 46 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| AXISBANK.Apr 30 | 371 | 2.46 | 18.36 | 52647600 | NIFTYIT.Apr 30 | 12360 | -0.39 | 94.74 | 1850 | |
| JUBLFOOD.Apr 30 | 1359.95 | 3.44 | 15.73 | 1788000 | BIOCON.Apr 30 | 276.45 | -1.27 | 30.43 | 6308900 | |
| LUPIN.Apr 30 | 566.95 | 2.66 | 14.86 | 5853400 | CUMMINSIND.Apr 30 | 335 | -7.59 | 26.57 | 561600 | |
| DRREDDY.Apr 30 | 3013 | 2.41 | 14.05 | 2200250 | VOLTAS.Apr 30 | 468 | -4.13 | 25.57 | 1537000 | |
| CIPLA.Apr 30 | 430.65 | 5.85 | 12.6 | 10520200 | JINDALSTEL.Apr 30 | 80.1 | -10.7 | 24.19 | 6135000 | |
| Short Covering | Long unwinding | |||||||||
| Sector | Price | Price% | OI% | OI | Sector | Price | Price% | OI% | OI | |
| COLPAL.Apr 30 | 1211.1 | 3.8 | -3.57 | 1474200 | ESCORTS.Apr 30 | 601 | -8.67 | -5.83 | 2007500 | |
| PEL.Apr 30 | 856 | 1.36 | -1.16 | 2663580 | BALKRISIND.Apr 30 | 810.25 | -4.56 | -4.66 | 572800 | |
| GMRINFRA.Apr 30 | 16.2 | 0.93 | -1.05 | 68040000 | BANDHANBNK.Apr 30 | 214.65 | -13.08 | -3.95 | 9722400 | |
| TORNTPOWER.Apr 30 | 275.2 | 0.47 | -0.39 | 1527000 | TVSMOTOR.Apr 30 | 293.95 | -1.84 | -1.25 | 2137050 | |
| IBULHSGFIN.Apr 30 | 92 | 0.27 | -0.25 | 8469600 | IDFCFIRSTB.Apr 30 | 20.75 | -4.6 | -0.62 | 1.05E+08 | |
Top Delivery Percentage
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Info Edge (India) Limite | 2145.8 | 4.65 | 512193 | 356367 | 73.86 | INDIA VIX | 71.89 | 2.13 | 75462 | |
| HAVELLS INDIA LIMITED | 467.35 | -8.57 | 1622123 | 2599562 | 68.01 | Nifty Pharma | 6896 | 1.22 | 75465 | |
| NTPC Limited | 81.75 | -1.51 | 17043895 | 26609374 | 67.6 | Nifty FMCG | 25831.55 | 0.35 | 75462 | |
| Power Grid Corporation o | 155.65 | -2.72 | 12579943 | 10867134 | 66.89 | Nifty IT | 12318.8 | -1.99 | 75462 | |
| United Breweries Limited | 906.1 | 0.1 | 358204 | 685920 | 65.72 | Nifty Metal | 1507.7 | -3.03 | 75468 | |
| HCL Technologies Ltd. | 419 | -2.71 | 6325701 | 5896317 | 64.43 | Nifty Media | 1021.85 | -3.18 | 75468 | |
| Godrej Cons Products Ltd | 493.1 | -1.27 | 1778405 | 1520208 | 58.94 | Nifty 50 | 8281.1 | -4.38 | 75462 | |
| Lupin Limited | 560.6 | 2.28 | 2777231 | 2872611 | 58.62 | Nifty Auto | 4669.15 | -5.46 | 75465 | |
| GODREJPROP | 591.05 | -14.4 | 405162 | 185681 | 57.77 | Nifty Bank | 18782.4 | -5.94 | 75462 | |
| TATA CONSUMER PRODUCTS | 281.4 | -1.18 | 2901681 | 1675248 | 56.2 | Nifty Realty | 171.6 | -7.27 | 75465 | |
Upcoming Economic Data
| Domestic International | |
| •INR: Federal Fiscal Deficit (Feb) on 31st March ,2020
•INR: Infrastructure Output (YoY) (Feb) on 31st March, 2020 |
•USA: ISM Manufacturing PMI (Mar) on 1st April, 2020
•USA: Crude Oil Inventories on 1st April, 2020 |
News Updates
| •Maruti chairman RC Bhargava gave a peek into the company’s blueprint to strengthen India’s hand in the fight against Covid-19. Making clear that Maruti has no expertise or technology for making ventilators, he outlined how the company would instead arm an already existing player with the means to win the fight — with the aim to make available as many as 10,000 ventilators per month. Maruti Suzuki will work with AgVa Healthcare to scale up production of ventilators rapidly.
•Punjab National Bank (PNB) has unveiled a new logo as it merges United Bank of India and OBC with it, with effect from April 1. The new logo will bear distinct signages of all the three public sector lenders. With this, PNB is set to become the second largest lender in the country. •HCL Technologies Ltd. doesn’t expect the new coronavirus pandemic to have a significant effect on its business even as its impact on the ongoing quarter’s numbers is yet to be quantified. The software services exporter had invoked business continuity plan, ensuring delivery to clients and employee commitments, and risk management framework in January to minimise the impact of the virus outbreak on employees and clients. •With the country under lockdown, vehicle makers have extended the free services which were scheduled during this period as well as extended the warranties . Source: Economic Times, Moneycontrol ,Business Today, Business Standard, Bloomberg Quint |
BOARD MEETINGS
| Company Name5 | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| FLORACORP | General | 31-Mar-20 | KANSAFB | General;Reduction of Capital | 15-Apr-20 |
| MINDAIND | General;Rights Issue | 31-Mar-20 | QUANTBUILD | General | 15-Apr-20 |
| PENTAGRAPH | General | 31-Mar-20 | RTEXPO | General | 17-Apr-20 |
| VIRGOGLOB | General | 31-Mar-20 | HDFCBANK | Audited Results;Final Dividend | 18-Apr-20 |
| HINDUNILVR | Scheme of Arrangement | 1-Apr-20 | PERSISTENT | Audited Results;Final Dividend | 25-Apr-20 |
| INDAGIV | General | 2-Apr-20 | TRIPR | General | 25-Apr-20 |
| APLAB | General | 8-Apr-20 | DHINDIA | General | 2-May-20 |
| FRANKLININD | General;Scheme of Arrangement | 15-Apr-20 | PRSMJOHNSN | Audited Results | 12-May-20 |
Corporate Action
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| CRISIL | 31-Mar-20 | Final Dividend – Rs. – 13.00 | VESUVIUS | 22-Apr-20 | Final Dividend – Rs. – 8.74 |
| NACLIND | 31-Mar-20 | Interim Dividend – Rs. – 0.10 | KSB | 23-Apr-20 | Dividend – Rs. – 8.00 |
| TIPSINDLTD | 31-Mar-20 | Buy Back of Shares | TAHL | 23-Apr-20 | Bonus issue 1:4 |
| AMBUJACEM | 3-Apr-20 | Final Dividend – Rs. – 1.50 | MADHAVIPL | 27-Apr-20 | Stock Split From Rs.10/- to Rs.1/- |
| IRCON | 3-Apr-20 | Stock Split From Rs.10/- to Rs.2/- | ABB | 5-May-20 | Dividend – Rs. – 4.80 |
| CASTROLIND | 22-Apr-20 | Final Dividend – Rs. – 3.00 | NESTLEIND | 14-May-20 | Final Dividend – Rs. – 61.00 |
DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014
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