NIFTY:
The Nifty opened at 14789.05 without any gap. The index initially went down and recorded its intraday low at 14714.75. Prices then saw a one sided move till the end of the day’s trading session. Prices have rallied more than 200 points and recorded its intraday high at 14913.70. The index finally closed just below 14900 at 14895 with a gain of 105 points. All the sectoral indices have closed with gains except IT. The FMCG and Banks have led the bulls.
Nifty continued making lifetime new highs and closed higher for the fifth consecutive day. Early morning weakness did not hold, Bulls came in with strong momentum and brought the index above 14900.For today we should look for buying on a sharp dip. The idea is to wait for prices to dip almost 100 points from the opening tick and then we should take a long trade there. Keep a stop of 80 points and a target of 180 points.
BANK NIFTY:
Bank Nifty opened at 34548.90 with a gap down of 148 points. The index initially went down further and recorded its intraday low at 34238.90. Prices have seen then one sided move and went near 35500. The index finally closed at 35322.35 with a gain of 626 points. PSU Banks have significantly outperformed and closed higher by 5.88% while Private Banks have closed higher by .94%. Within the index, in terms of points. SBI contributed highest while Indusind Bank the lowest.
Bank Nifty continued its upside rally for the fifth consecutive day and closed higher.
The trend being very strong we should look to buy on dips. The idea is to wait for prices to dip 400 points and then look to buy.
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TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| INDIGO | 1672.35 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1650 and for the target 1720 |
| GODREJCP | 768.75 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 755 and for the target 785 |
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DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| ZEEL | 250 CE | BUY | 17.20 | CMP | 14 | 22 | OI increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| MANAPPURAM.21.02 Feb | 182.75 | 5.48 | 24.43 | 16932000 | GODREJPROP.21.02 Feb | 1351.65 | -3.07 | 37.62 | 2037750 | |
| BHEL.21.02 Feb | 42.5 | 6.38 | 24.12 | 144606000 | ICICIPRULI.21.02 Feb | 479.05 | -0.47 | 26.58 | 8286000 | |
| L&TFH.21.02 Feb | 93.3 | 0.48 | 21.89 | 32055008 | ASIANPAINT.21.02 Feb | 2418 | -1.86 | 19.39 | 6456900 | |
| APOLLOTYRE.21.02 Feb | 244.65 | 7.14 | 21.43 | 19890000 | TORNTPOWER.21.02 Feb | 316.75 | -0.74 | 13.61 | 5409000 | |
| JUBLFOOD.21.02 Feb | 2838.3 | 6.78 | 20.66 | 1914000 | HDFCLIFE.21.02 Feb | 685.55 | -0.73 | 12.45 | 9517200 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI% | OI | Stocks | Price | Price % | OI % | OI | |
| FINNIFTYW.21.02 Feb | 16608 | 1.4 | -17.38 | 17680 | BOSCHLTD.21.02 Feb | 16435 | -1.03 | -4.3 | 77850 | |
| SAIL.21.02 Feb | 65 | 3.34 | -4.76 | 98059000 | AARTIIND.21.02 Feb | 1192.4 | -0.49 | -3.23 | 597550 | |
| ESCORTS.21.02 Feb | 1408.45 | 1.2 | -2.48 | 3411650 | UBL.21.02 Feb | 1292.3 | -0.35 | -1 | 1321600 | |
| TATACHEM.21.02 Feb | 534 | 2.7 | -1.8 | 6674000 | TATAMOTORS.21.02 Feb | 327.25 | -1.37 | -0.16 | 69283500 | |
| CHOLAFIN.21.02 Feb | 464.9 | 1.03 | -1.69 | 5222500 | ||||||
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Aarti Industries Ltd. | 1194.15 | 0.51 | 425706 | 462733 | 65.93 | Nifty Fmcg | 34507.65 | 2.45 | 77922 | |
| Pvr Limited | 1494.7 | -0.76 | 1840989 | 2513670 | 62.52 | Nifty Media | 1801.25 | 2.05 | 77922 | |
| Indus Towers Limited | 253.85 | 2.32 | 6067339 | 4273235 | 61.45 | Nifty Metal | 3409.55 | 1.95 | 77922 | |
| Icici Lombard General In | 1470.25 | 2.36 | 713746 | 682729 | 57.39 | Nifty Bank | 35344.8 | 1.69 | 77922 | |
| Icici Prudential Life In | 476.6 | -0.4 | 4918494 | 3564455 | 55.88 | Nifty Energy | 17462.95 | 1.4 | 77922 | |
| Britannia Ind Ltd. | 3580 | 1.81 | 958717 | 436673 | 55.49 | Nifty Auto | 10867.1 | 1.1 | 77922 | |
| Colgate Palmolive (india | 1621.4 | 0.76 | 325128 | 361903 | 53.39 | Nifty Realty | 339 | 0.95 | 77922 | |
| Infosys Limited | 1279.35 | -0.41 | 5032240 | 4333962 | 52.96 | Nifty 50 | 14895.65 | 0.71 | 77922 | |
| Nestleind | 17074 | -0.54 | 92100 | 54510 | 48.53 | Nifty Pharma | 12739.05 | 0.25 | 77922 | |
| Dabur India Ltd. | 526.1 | 0.26 | 2515981 | 1285974 | 47.98 | Nifty it | 25570.05 | -0.43 | 77922 | |
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UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: Interest Rate Decision on 5th February, 2021
INR: FX Reserves, USD on 5th February, 2021 |
•USD : Unemployment Rate (Jan) on 5th February, 2021
•USD : Nonfarm Payrolls (Jan) on 5th February, 2021 |
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NEWS UPDATES
| •State Bank of India’s third-quarter profit fell on higher provisions. Yet, the earnings beat estimates. Net profit of India’s largest lender declined 7% year-on-year to Rs 5,196 crore in the quarter ended December, according to an exchange filing. That compares with the Rs 4,479-crore consensus estimate of analysts tracked by Bloomberg. SBI’s gross non-performing asset ratio stood at 4.77% compared with 5.28% in the preceding three months. Its net NPA ratio was at 1.23%, down 36 basis points sequentially.
•Hindustan Aeronautics Ltd (HAL) on Thursday said its order book is expected to cross Rs one trillion-mark in the next year. “The order book was about Rs 53,000 crore, if you add Tejas (LCA) to it, it will cross Rs 80,000 crore, so that is the order book as of now, and we are expecting two more orders that is basically for LCH and HTT-40, coming up for the next year,” HAL CMD R Madhavan said. •Ather Energy’s new scooter plant in Hosur, Tamil Nadu, has started production with an investment of more than Rs 630 crore, said the Hero MotoCorp-backed electric vehicles start-up on Thursday. The plant spreads over 400,000 sq. ft and it will manufacture electric scooters along with lithium-ion batteries. Ather did not comment on production, but Tamil Nadu’s nodal agency for investment promotion tweeted a picture of the plant rolling out scooters. The company has signed an agreement with the Tamil Nadu government to invest Rs 635.4 crore in the plan that will create around 4,000 jobs in five years. Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint |
BOARD MEETING
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| ALKEM | Interim Dividend;Quarterly Results | 05-Feb-21 | JAMNAAUTO | Interim Dividend;Quarterly Results | 05-Feb-21 |
| ASHOKA | Quarterly Results | 05-Feb-21 | JINDALSAW | Quarterly Results | 05-Feb-21 |
| BECTORFOOD | Quarterly Results | 05-Feb-21 | JUBILANT | Quarterly Results | 05-Feb-21 |
| BRITANNIA | Quarterly Results | 05-Feb-21 | KILPEST | Quarterly Results | 05-Feb-21 |
| CADILAHC | Quarterly Results | 05-Feb-21 | KIRLOSENG | Quarterly Results | 05-Feb-21 |
| CGPOWER | Quarterly Results | 05-Feb-21 | KIRLOSIND | Quarterly Results | 05-Feb-21 |
| DALMIASUG | Quarterly Results | 05-Feb-21 | M&M | Quarterly Results | 05-Feb-21 |
| DIAMINESQ | Quarterly Results | 05-Feb-21 | NIITLTD | Quarterly Results | 05-Feb-21 |
| EQUITAS | Interim Dividend;Quarterly Results | 05-Feb-21 | PARAGMILK | Quarterly Results;General | 05-Feb-21 |
| FCONSUMER | Quarterly Results | 05-Feb-21 | PFIZER | Quarterly Results | 05-Feb-21 |
| FORTIS | Quarterly Results | 05-Feb-21 | PNB | Quarterly Results | 05-Feb-21 |
| GATI | Quarterly Results | 05-Feb-21 | RCF | Interim Dividend;Quarterly Results | 05-Feb-21 |
| GUJGAS | Quarterly Results | 05-Feb-21 | SKFINDIA | Quarterly Results | 05-Feb-21 |
| HINDMOTORS | Quarterly Results | 05-Feb-21 | SUMICHEM | Quarterly Results | 05-Feb-21 |
| INDOAMIN | Interim Dividend;Quarterly Results | 05-Feb-21 | TALBROAUTO | Quarterly Results | 05-Feb-21 |
| INSECTICID | Quarterly Results | 05-Feb-21 | TCIDEVELOP | Quarterly Results | 05-Feb-21 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| ACCELYA | 05-Feb-21 | Interim Dividend – Rs. – 35.00 | BEL | 08-Feb-21 | Interim Dividend – Rs. – 1.40 |
| COSMOFILMS | 05-Feb-21 | Interim Dividend – Rs. – 25.00 | GRANULES | 08-Feb-21 | Interim Dividend – Rs. – 0.2500 |
| NAM-INDIA | 05-Feb-21 | Interim Dividend – Rs. – 3.00 | GRAVITA | 08-Feb-21 | Interim Dividend – Rs. – 1.10 |
| NATIONALUM | 05-Feb-21 | Buy Back of Shares | INDUSTOWER | 08-Feb-21 | Interim Dividend – Rs. – 17.8200 |
| OCTAWARE | 05-Feb-21 | E.G.M. | LAURUSLABS | 08-Feb-21 | Interim Dividend – Rs. – 0.40 |
| TIRUSTA | 05-Feb-21 | E.G.M. | MOTILALOFS | 08-Feb-21 | Interim Dividend – Rs. – 5.00 |
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