Outlook-03-06-2021NIFTY:

During the day, the index faced selling pressure near the 15,700 level, which is seen as immediate resistance for the index. On the seventh day winning streak but formed a small bearish candle on daily chart.

Nifty may stay range bound in the 15,470-15700 over the next two days. .The underlying trends in Nifty and Nifty Bank are bullish. Any positive statement post RBI meeting could be a trigger for a rally in nifty towards 15770-15,800 levels. On the sectoral front metals, bank ,auto were the major gainers while fmcg were the witness of some profit booking.

A dip towards 15450-15400 can be taken as a fresh buying opportunity. On the higher side, 15,700 and 16,000 will be the short-to-medium term target.

Traders can use higher level to book profit and remains cautious on higher level , one should use 15350 level as a short term critical level , below this level could be act as trend declining level.

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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
APOLLOTYRES 229.95 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 226 and for the target 238
NAUKRI 4527.60 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 4450 and for the target 4650

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DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
BAJFIN 5800 CE BUY 230 CMP 180 300 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MUTHOOTFIN.21.06 Jun 1434.8 9.22 41.15 3473250 AARTIIND.21.06 Jun 1677 -2.5 26.53 1009375
MOTHERSUMI.21.06 Jun 274.6 15.02 25.3 35651000 FINNIFTYW.21.06 Jun 16624.75 -0.25 17.5 1880
GUJGASLTD.21.06 Jun 571.5 5.36 24.36 2131250 ITC.21.06 Jun 204.65 -3.83 17.42 172960000
BHARATFORG.21.06 Jun 704 4.93 17.5 7957500 LTI.21.06 Jun 3850 -1.54 15.93 698700
PVR.21.06 Jun 1318.1 1.3 17 1476189 DABUR.21.06 Jun 535.7 -0.81 11.58 11403750
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
IRCTC.21.06 Jun 1924.5 0.94 -5.04 986375 HCLTECH.21.06 Jun 949.4 -0.52 -0.76 20680100
BEL.21.06 Jun 150.6 2.24 -4.3 39645400 SUNTV.21.06 Jun 526.25 -0.72 -0.44 14457000
BPCL.21.06 Jun 476.45 0.67 -3.3 36655200 COFORGE.21.06 Jun 3592.3 -0.44 -0.38 1067625
BANKBARODA.21.06 Jun 81.45 2.13 -2.51 202070700 ASIANPAINT.21.06 Jun 2910 -0.72 -0.01 4744200
RAMCOCEM.21.06 Jun 973.45 1.88 -2.49 1832600

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TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation o 227.45 1.36 4496073 5798552 65.52 Nifty Metal 5233.3 2.18 71736
Piind 2670.5 2.18 461801 152080 63.27 Nifty Auto 10647.75 1.82 71736
Dabur India Ltd. 532.25 -0.89 4072763 1167095 62.88 Nifty Realty 339.25 1.45 71736
Infosys Limited 1378.65 -0.62 9271031 2947100 61.51 Nifty Energy 20223.5 1.23 71736
Hindustan Unilever Ltd 2358.8 0.02 1112925 652305 57.15 Nifty Pharma 14151.85 0.67 71736
Godrej Cons Products Ltd 850.6 0.18 2189704 588964 56.37 Nifty Media 1770.55 0.2 71736
Sbi Life Insurance Compa 984.4 1.87 2488352 780602 54.95 Nifty Bank 35373.75 0.1 71736
Tata Consultancy Serv Lt 3129.45 -0.75 2239824 748839 54.36 Nifty 50 15576.2 0.01 71736
City Union Bank Ltd. 167.55 0.3 1821912 2039091 53.87 Nifty Fmcg 35058.6 -0.52 71736
Petronet Lng Limited 240.45 -0.27 5211776 1779736 53.61 Nifty it 26939.65 -0.75 71736

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
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

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NEWS UPDATES

•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

BOARD MEETINGS

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
KANSAFB A.G.M.;General 02-Jun-21 SPS Bonus issue;General 02-Jun-21
KONNDOR Audited Results 02-Jun-21 SUNSHINE General 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
PANACEABIO Audited Results 02-Jun-21 BRITANNIA General 03-Jun-21

CORPORATE ACTION

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

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