The Nifty opened at 15421.20with a gap up of 84 points. The index moved narrow, choppy and range bound for the whole day. In this process, prices have recorded first its intraday low at 15394.75 and then its intraday high at 15469.70. The index moved very randomly and finally closed at 15435.65 near its intraday highs with a gain of 97.80 points. The Financial, FMCG and Metal have performed well while Pharma, IT and Media closed lower.
We had taken a long trade in the Nifty on a breakout above 15350. We have suggested a stop at 15270 and a target of 15500. Prices neither touched the stop nor target. Hold onto the trade and modify stop loss to 15350.
It was a choppy and narrow day in the index where prices have moved sideways without any clear sense of direction but ended with gains. The index recorded lifetime new highs and ended on a record level. The trend is very strong on the upside. Since prices are in uncharted territory so the resistance is not visible. However 15500 is a psychological resistance. Support is visible around 15200.
Bank Nifty opened at 35345.65 with a gap up 211 points. The index first recorded its intraday high at 35436.65 and then moved lower. Prices have seen a mild intraday decline and then a sharp recovery in the last 30 minutes of trading. Private and PSU Banks both have performed almost same and closed with marginal gains. Within the index, HDFC Bank contributed highest while ICICI Bank the lowest.
It was a choppy day in the index where prices have moved in a narrow range and finally ended with marginal gains above 35000.
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|ADANIPORTS||776.15||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 764 and for the target 792|
|ITC||212.9||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 210 and for the target 217|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|L&TFH||95 CE||BUY||4.45||CMP||3.4||6.5||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|SUNTV.21.06 Jun||549.65||1.69||10014||15171000||MFSL.21.06 Jun||939.4||-0.62||8120.51||2083900|
|ADANIPORTS.21.06 Jun||781.1||3.91||8140.23||71690000||APLLTD.21.06 Jun||948.8||-0.08||6990.91||1287000|
|RAMCOCEM.21.06 Jun||965||0.75||8121.43||1956700||PAGEIND.21.06 Jun||31441.65||-1.16||5478.72||78660|
|LTI.21.06 Jun||3949.95||0.87||7292.73||609900||AUROPHARMA.21.06 Jun||1025.9||-0.34||4365.56||8765900|
|PETRONET.21.06 Jun||242.2||0.92||6738.75||16413000||ULTRACEMCO.21.06 Jun||6632.75||-0.86||4179.74||2345300|
|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|
|Dabur India Ltd.||530.4||0.61||1322812||5823849||81.97||Nifty Energy||19566.8||1.41||3887025|
|Hindustan Unilever Ltd||2321.7||-0.2||1215325||3058515||81.45||Nifty 50||15435.65||0.64||48006649|
|Hdfc Ltd.||2541.35||1.3||2548032||11258336||79.73||Nifty Metal||5055.75||0.25||145017612|
|Bharat Electronics Ltd||144.85||-2.49||14875105||93567376||77.92||Nifty Auto||10510.25||0.23||70373833|
|Godrej Cons Products Ltd||844.7||1.61||2050175||5322605||73.76||Nifty Bank||35141.45||0.13||21018606|
|Info Edge (india) Limite||4461.75||-0.51||494066||1125353||72.26||Nifty Realty||331.6||0.05||2147483500|
|Bharti Airtel Limited||523.6||0.73||10060110||15838685||70.82||Nifty it||27122.8||-0.15||1105154|
|Power Grid Corporation o||225.45||-1.25||8610470||19545676||67.87||Nifty Media||1785.75||-0.3||411456106|
|Grasim Ind Ltd.||1465.45||3.41||2689838||3005396||67.52||Nifty Pharma||13934.1||-1.18||52890642|
UPCOMING ECONOMIC DATA
|INR: Infrastructure Output (YoY) (Apr) on 31st May, 2021
INR: GDP Quarterly (YoY) (Q4) on 31st May, 2021
|•USD : ISM Manufacturing PMI (May) on 1st June, 2021
•USD : ADP Nonfarm Employment Change (May) on 3rd June, 2021
|•Rising polymer spreads amid demand from automobiles, durables, consumer goods, medical supplies, and packaging industries will provide significant upside to Reliance Industries Ltd.’s petrochemicals operating income in the ongoing fiscal, according to Jefferies. The portfolio spread for polymers, accounting for 45% of RILs petrochemicals business is nearing a decade high and is 30% ahead of Jefferies estimates for FY22, the brokerage said in a May 28 report. The polymer spreads—difference between the price of a barrel of polymers and benchmark crude—have hit record highs due to strong consumer spending in the U.S. and China, it said. High spreads are likely to sustain in FY22, aided by sustained demand on fiscal support in major economies, commissioning delays in new project, and vaccine penetration.
•Deepak Fertilisers and Petrochemicals Corporation on Friday reported a 415% year-on-year jump in net proft to Rs 116 crore for the March 2021 quarter. Consolidated revenues grew by 21.8% y-o-y to Rs 1,575 crore in the quarter. Revenues from the chemical business increased by 15% to Rs 870 crore with margins going up to 27% in the quarter. Global specialty chemical value chains were moving from China to India, boosting nitric acid demand and prices in India, the company said.
•The Reserve Bank of India on Friday fined HDFC Bank Rs 10 crore for irregularities found in its auto loan book. The regulator found the bank deficient in compliance. The regulator said that after receiving a complaint from a whistle blower it had conducted a examination in the marketing and sale of third-party non-financial products to the bank’s auto loan customer.
•Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ASIANTILES||Audited Results;Final Dividend||31-May-21||NAHARPOLY||Audited Results;Dividend||31-May-21|
|ASTRON||Audited Results;General||31-May-21||NELCAST||Audited Results;Dividend||31-May-21|
|CHEMCON||General;Quarterly Results||31-May-21||PRAKASH||Audited Results||31-May-21|
|GALLOPENT||Dividend;Quarterly Results||31-May-21||RIDDHI||Dividend;Quarterly Results||31-May-21|
|JAMNAAUTO||Audited Results;Final Dividend||31-May-21||RTL||Final Dividend;Quarterly Results||31-May-21|
|JBFIND||Quarterly Results||31-May-21||RUPA||Audited Results;Dividend||31-May-21|
|JINDALPHOT||Audited Results||31-May-21||SHILPAMED||Audited Results;Quarterly Results||31-May-21|
|KEDIACN||General||31-May-21||SHRIDINE||Final Dividend;Quarterly Results||31-May-21|
|LASA||Audited Results||31-May-21||SIMPLXREA||Results;Consolidation of Shares||31-May-21|
|LLOYDSTEEL||General;Quarterly Results||31-May-21||TRF||General;Quarterly Results||31-May-21|
|MANINDS||Audited Results;Final Dividend||31-May-21||URJAGLOBA||Audited Results||31-May-21|
|MANOMAY||Audited Results||31-May-21||UTTAMSTL||Audited Results||31-May-21|
|MARKSANS||Audited Results;Final Dividend||31-May-21||VASCONEQ||Audited Results;General||31-May-21|
|MORGANITE||Audited Results;Final Dividend||31-May-21||VENUSREM||Preferential Issue of shares||31-May-21|
|NAHARINDUS||Audited Results||31-May-21||WEBELSOLAR||Audited Results||31-May-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|HDFC||31-May-21||Dividend – Rs. – 23.00||RAWEDGE||03-Jun-21||Bonus issue 1:5|
|INFY||31-May-21||Final Dividend – Rs. – 15.00||SBIN||03-Jun-21||Dividend – Rs. – 4.00|
|INDIGRID||01-Jun-21||Income Distribution (InvIT)||CUB||04-Jun-21||Interim Dividend – Rs. – 0.30|
|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|
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