The Nifty opened at 14865.30 with a gap up of 104 points. The index rallied further almost 70 points within the first hour of trading and then suddenly fell down. Prices have seen a decline of more than 150 points to record its intraday lowat 14760.80. The index then traded sideways except for the last 30 minutes of trading. Prices moved upagain after 3:00 Pmto record its intraday high at 14959.10 and finally closed at 14919 with a gain of 157 points. All the sectoral indices have performed well and closed with gains. IT and Auto were the outperformers while Banks and Financials were the least performers. Nifty continued trading volatile. The index held onto its support around 14650. Bulls continued to have control over the markets as prices have recovered from a sharp intraday decline to end at the high of the day.
For today we should lookk to buy above 14950. But if the index opens above 14950 wait for the first 15 minutes of high and then takea long trade above the high. Keep a stop of110 points and target of 15200.
Bank Nifty opened at 35458.15 with a gap up of 119 points The index first moved up and recorded its intraday high at 35747. After that prices fell to record its low at 35002.45. Prices again moved up in the second half and finally closed near its opening. Private Banks have continued outperforming and closed with gains. PSU banks have closed higher but with marginally gains. Within the index in terms of points HDFC Bank contributed highest while SBI the lowest. It was a volatile day where prices have moved in both direction. Strong support of 35000.
Buy on a breakout above 35800 or on a dip towards 35100.
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|M&M||860||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 844 and for the target 890|
|MINDTREE||1734||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1705 and for the target 1780.|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|IGL||515 CE||BUY||23.9||CMP||19.8||30||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|MPHASIS.21.03 Mar||1720.5||4.11||394.34||85150||ONGC.21.03 Mar||113.4||-2.7||27.04||56217700|
|CUB.21.03 Mar||176.65||3.88||290.96||2145200||GRANULES.21.03 Mar||338.9||-1.6||24.81||2269200|
|LTTS.21.03 Mar||2778.9||7||282.73||106400||DRREDDY.21.03 Mar||4439||-1||14.78||3788250|
|ALKEM.21.03 Mar||2937.6||3.23||275.47||79600||MANAPPURAM.21.03 Mar||174.9||-0.06||12.53||19776000|
|PIIND.21.03 Mar||2293||4.64||265.15||220000||TATACHEM.21.03 Mar||738.5||-1.33||11.85||10102000|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Au Small Finance Bank Li||1151.5||0.27||410197||451913||59.92||Nifty it||25301.85||3.04||100668|
|Icici Lombard General In||1431.2||0.29||458168||243894||58.77||Nifty Fmcg||33250.9||1.38||100668|
|Hindustan Unilever Ltd||2177.95||1.61||2095135||715403||58.2||Nifty Pharma||12257.3||1.36||100668|
|Infosys Limited||1304.5||2.96||10461434||3344135||58.1||Nifty 50||14919.1||1.07||100668|
|Hdfc Ltd.||2564||-1.61||4086134||2059491||57.27||Nifty Media||1708.9||0.81||100668|
|Dabur India Ltd.||511.25||1.07||1420334||984408||56.2||Nifty Metal||3927.6||0.79||100668|
|Indus Towers Limited||257.5||2.08||3724070||3026458||53.97||Nifty Realty||357.1||0.75||100668|
|City Union Bank Ltd.||175.6||4.03||6863895||786957||53.83||Nifty Energy||19303.4||0.75||100668|
|Larsen & Toubro Infotech||3832.8||6.23||394399||102690||53.8||Nifty Bank||35419.7||0.35||100668|
Upcoming Economic Data
|INR: Nikkei Services PMI (Feb) on 3rd March, 2021
INR: FX Reserves, USD on 5th March, 2021
|•USD : ISM Non-Manufacturing PMI (Feb) on 3rd March, 2021
•USD : OPEC Meeting on 3rd March, 2021
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|•India’s exports declined 0.25% to $27.67 billion in February while imports grew 6.98% to $40.55 billion during the month, according to provisional data released by the commerce ministry. The trade deficit widened to $12.88 billion in February as compared to $10.16 billion in the year-ago period, the ministry said in a statement. However, the trade deficit stood at $14.54 billion in January 2021.
•Jindal Steel & Power Ltd., India’s third-largest producer of the alloy by market value, and two other groups were the latest to express interest in bidding for Reliance Naval & Engineering Ltd., according to people familiar with the matter.
•Bajaj Auto on Tuesday said it has launched the new version of its 102 cc bike Platina 100 Electric Start (ES) priced at Rs 53,920 (ex-showroom Delhi). he bike comes with spring-in-spring suspension that provides more comfort on longer journeys, further strengthening the promise of comfort for both the rider and the pillion.
•In a bid to develop the 7,500 km coastline of India, the Ministry of Port Shipping and Waterways has created a list of 400 projects which have an investment potential of $31 billion (Rs 2.25 trillion). Speaking at the inaugural of ‘Maritime India Summit 2021’ through video conferencing, Prime Minister Narendra Modi invited the world to come to India and be a part of the country’s growth trajectory as it focuses on upgradation of infrastructure and boosting reform journey.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ANANTRAJ||Preferential Issue of shares||03-Mar-21||YAMNINV||General||03-Mar-21|
|AVL||Employees Stock Option Plan;General||03-Mar-21||ANGEL||General||04-Mar-21|
|KREONFIN||Preferential Issue of shares||03-Mar-21||JAYSHREETEA||General;Scheme of Arrangement||04-Mar-21|
|MARICO||Interim Dividend||03-Mar-21||KLBRENG-B||Preferential Issue of shares||04-Mar-21|
|OSWALEA||Right Issue of Equity Shares||03-Mar-21||QUINT||General||04-Mar-21|
|UNICK||General||03-Mar-21||RCRL||Half Yearly Results||04-Mar-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|DIGJAMLTD||03-Mar-21||Reduction of Capital||KEI||09-Mar-21||Interim Dividend – Rs. – 2.00|
|BHARATRAS||04-Mar-21||Buy Back of Shares||SELMCL||09-Mar-21||Resolution Plan -Suspension|
|RAJPALAYAM||04-Mar-21||Right Issue of Equity Shares||THANGAMAYL||09-Mar-21||Interim Dividend|
|SOTL||04-Mar-21||Buy Back of Shares||TRIOMERC||09-Mar-21||Bonus issue 1:6|
|HAL||05-Mar-21||Interim Dividend – Rs. – 15.00||TRIOMERC||09-Mar-21||Stock Split From Rs.10/- to Rs.2/-|
|RPIL||05-Mar-21||E.G.M.||DICIND||10-Mar-21||Final Dividend – Rs. – 6.00|
|POWERGRID||08-Mar-21||Interim Dividend – Rs. – 4.00||MARICO||10-Mar-21||Interim Dividend|
|SACHEMT||08-Mar-21||Bonus issue 1:10||WANBURY||10-Mar-21||E.G.M.|
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