The Nifty opened at 14481.05 with a gap down of 150 points. The index first recorded its intraday low at 14673.85 within the first few minutes of trading and then started moving upside. In the afternoon from 10:00 AM to 2:00 PM, the index moved sideways and narrow. Prices then saw a sharp rally which lasted towards the end of the day’s trading session. The index recorded its intraday high at 14673.85 and finally closed at 14634.15 without much of a change. Metal and FMCG have outperformed and closed with a gain of 2.16% and 1.10% respectively. Media and Banks have underperformed and closed lower. We had suggested a long trade above 14600. The index broke 14600 around 2:30 PM. Stay long with a stop at 14550 and a target of 14850. Nifty continued trading volatile and ended just a tad above 14600. The Nifty opened with a gap down and then the started moving up. Prices found support around 14500.
Bank Nifty opened at 32368.55 with a gap down of 346 points. The index traded very volatile and saw some random movement. The index first recorded its intraday low at 31906.55 and then its intraday high at 32566.60. Private Banks have continued its underperformance for the second day and ended with a loss of 1.11%. PSU Banks have closed lower by 0.60%. Within the index, HDFC Bank contributed highest on the downside followed by ICICI Bank.
A gap down in the index did not see a follow through.
We should look to buy if the index breaks above 32600.
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|SIEMENS||1909.65||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1890 and for the target 1940|
|BHARTI AIRTEL||558.85||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 550 and for the target 575|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|JINDAL STEEL||450 CE||BUY||25.65||CMP||21||34||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|SBILIFE.21.05 May||987||5.62||36.75||6009000||AUBANK.21.05 May||929.9||-7.54||33.49||4020000|
|MARICO.21.05 May||448.6||8.5||22.29||9482000||BANKNIFTY.21.05 May||32736.2||-0.48||22.46||1572175|
|BHEL.21.05 May||54.6||12.46||18.98||111289500||RBLBANK.21.05 May||181.75||-1.7||19.12||26807600|
|VOLTAS.21.05 May||963.5||0.39||17.67||3922000||BANDHANBNK.21.05 May||320.6||-3.26||16.16||17737200|
|PVR.21.05 May||1142.6||0.57||14.76||1898248||KOTAKBANK.21.05 May||1735.75||-1.06||13.59||12261200|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|FINNIFTYW.21.05 May||15667.9||0.15||-53.63||6640||SUNTV.21.05 May||509.4||-6.85||-6.56||13827000|
|CUMMINSIND.21.05 May||844.1||0.63||-2.43||985800||UBL.21.05 May||1207||-0.27||-4.69||952700|
|TORNTPOWER.21.05 May||397.75||0.16||-1.83||1686000||RECLTD.21.05 May||128.5||-0.31||-0.54||15420000|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Trent Limited||783.05||0.82||841965||1353747||73.52||Nifty Metal||4952.45||2.16||98640|
|Tech Mahindra Limited||957.7||-0.28||3506839||2104528||67.26||Nifty Fmcg||33994.2||1.1||98640|
|Infosys Limited||1352.05||-0.17||4560337||5408113||64.73||Nifty Auto||9662.95||0.23||98640|
|Hdfc Ltd.||2418.5||-0.07||2984938||3839105||63.72||Nifty it||25676.05||0.05||98640|
|Tata Consultancy Serv Lt||3037||0.04||1545831||1942473||63.23||Nifty 50||14634.15||0.02||98640|
|City Union Bank Ltd.||169.55||1.68||2052774||865132||59.77||Nifty Energy||17983.4||-0.26||98640|
|Mphasis Limited||1785.8||1.19||293527||265225||57.95||Nifty Realty||307.65||-0.63||98640|
|Godrej Cons Products Ltd||709.05||2.5||736682||615796||57.81||Nifty Bank||32465.75||-0.96||98640|
|Hdfc Life Insurance Comp||671.9||1.02||4908079||1583612||57.75||Nifty Media||1527.1||-1.35||98640|
UPCOMING ECONOMIC DATA
|INR: Nikkei Services PMI (Apr) on 5th May, 2021
INR: Bank Loan Growth on 7th May, 2021
|•USD: Trade Balance (Mar) on 4th May, 2021
•USD : Services PMI (Apr) on 5th May, 2021
|• Varun Beverages Ltd, PepsiCo’s largest franchise bottler, on Monday reported a more than two-fold jump in consolidated net profit to Rs 136.75 crore in the first quarter ended March 2021, helped by volume growth across domestic and international markets. The company, which follows the calendar year as its financial year, had posted a net profit of Rs 60.06 crore in the year-ago period.
•IDBI Bank on Monday posted 278 per cent year-on-year rise in net profit at Rs 512 crore for the foruth quarter ended March 2021 (Q4FY21) on robust growth in net interest income. The profit stood at Rs 135 crore in fourth quarter ended March 2020 ( Q4Fy20). Sequentially its net profit was up 35 per cent from Rs 378 crore in quarter ended December 2021 (Q3FY21). For FY21, net profit was Rs 1,3459 crore as against net loss of Rs 12,887 crore in FY20.
•The public offer of PowerGrid Infrastructure Investment Trust got a good response and had been subscribed 4.83 times by the morning of May 3, the final day of bidding. The public issue has received bids for 205.47 crore units against an offer size of 42.54 crore units, data available on exchanges shows.
•The production-linked incentive (PLI) scheme for solar PV modules is a positive for domestic original equipment manufacturers and it would help improve cost competitiveness for the domestic industry, rating agency ICRA said on Monday. According to ICRA, the PLI scheme along with imposition of BCD on imported modules and cells from April 2022 will improve the cost competitiveness of domestic manufacturers vis-a-vis imports.
•Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ADANIPORTS||Audited Results;Dividend||04-May-21||IIFLSEC||Audited Results||04-May-21|
|APLLTD||Audited Results;Dividend;General||04-May-21||LTI||Audited Results;Dividend||04-May-21|
|APOLLOPIPES||Audited Results;Quarterly Results||04-May-21||MOREPENLAB||Audited Results||04-May-21|
|ATGL||Audited Results;Dividend||04-May-21||PGHH||Interim Dividend;Quarterly Results||04-May-21|
|BHAGCHEM||A.G.M.;Audited Results;General||04-May-21||RBLBANK||Audited Results||04-May-21|
|DRAGARWQ||Audited Results||04-May-21||SKIPPER||Audited Results;Final Dividend||04-May-21|
|EIHAHOTELS||Audited Results||04-May-21||SRIPIPES||Audited Results||04-May-21|
|ELANGO||Audited Results||04-May-21||SUVEN||Audited Results||04-May-21|
|GREAVESCOT||Audited Results;Dividend||04-May-21||VIKASWSP||Quarterly Results||04-May-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|GDL||04-May-21||Interim Dividend – Rs. – 5.00||EMBASSY||06-May-21||Income Distribution (InvIT)|
|LXMIATO||04-May-21||Consolidation of Shares||PRIMEFRESH||06-May-21||Bonus issue 2:1|
|CRISIL||05-May-21||Interim Dividend – Rs. – 7.00||SRIND||06-May-21||E.G.M.|
|SALORAINTL||05-May-21||E.G.M.||SEZAL||07-May-21||Resolution Plan -Suspension|
|ALLSEC||06-May-21||Interim Dividend – Rs. – 15.00||VAIBHAVGBL||07-May-21||Stock Split From Rs.10/- to Rs.2/-|
|APTECHT||06-May-21||Interim Dividend – Rs. – 2.2500||ALKYLAMINE||11-May-21||Stock Split From Rs.5/- to Rs.2/-|
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