The Nifty opened at 15026.75 with a big gap down of 219 points. The index initially moved down below 15000 and recorded its intraday low at 14980.20. After that prices have seen a sharp intraday rally that almost filled the down gap with an intraday high at 15202.35. However prices did not sustain there and fell downn. Another decline came in the second half and the index finally closed at 15080.75 with a loss of 164.85 points. All the sectoral indices have closed with loss except Media led by Banks and Financials. The FMCG, Auto and IT have closed with minor losses.
It was a volatile day in the index.First the index opened with a large gap down. Then a sharp intraday rally of about 200 points came in and then again prices have seen a decline of almost 150 points.
We have mentioned a resistance around 15200. Prices have respected that resistance level.
Prices are trading volatile and directionless in a range of 14650-15200. But since the overall trend is bullish, traders should look to buy on dips where prices find intraday support.
Bank Nifty openedat 35575.65 with a big gap down of 772 points. The index first moved down and recorded its intraday low at 35519.25. After that priceshave seen a sharp upside move and made its intraday high at 36316.40. However, prices have again slipped downwards and finally closed at 35802. PSUand Private Banks both have closed lower. Within the index, Federal Bank contributed highest while HDFC Bank the lowest.
A gap down opening did not sustain in the index. Prices have filled the gap completely and finally closed without much of a change. The index is now around its resistance of 36500.
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|AMBUJA CEMENT||292||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought bat CMP with a stop at 287 and for the target 305|
|APOLLO TYRE||259.05||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 256 and for the target 268|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|RBLBANK||250 CE||BUY||15.30||CMP||12.40||21||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|TRENT.21.03 Mar||929.8||1.72||59.44||495900||CUB.21.03 Mar||181.45||-0.74||52.24||11147600|
|IRCTC.21.03 Mar||1970.95||3.78||29.56||1667900||POWERGRID.21.03 Mar||222.8||-1.02||37.16||14780000|
|DEEPAKNTR.21.03 Mar||1622||0.56||23.56||653000||NIFTY.21.03 Mar||15108||-1.25||26.71||13035825|
|AUBANK.21.03 Mar||1279.4||5.62||23.46||602500||APLLTD.21.03 Mar||928.7||-0.79||24.4||283250|
|NAVINFLUOR.21.03 Mar||2835.15||1.03||20.69||173250||GRANULES.21.03 Mar||362.7||-1.35||23.86||5576900|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|RAMCOCEM.21.03 Mar||1024||0.77||-3.4||1620100||FINNIFTYW.21.03 Mar||16548||-2||-32||5440|
|AMARAJABAT.21.03 Mar||919.7||0.7||-2.99||2466000||IBULHSGFIN.21.03 Mar||243.75||-2.54||-10.76||36986100|
|SRF.21.03 Mar||5748||0.43||-1.57||289750||BANKNIFTY.21.03 Mar||35885.2||-1.66||-6.19||1411250|
|MGL.21.03 Mar||1208||1.75||-1.36||1440000||MFSL.21.03 Mar||917.5||-1.12||-5.52||2824900|
|IGL.21.03 Mar||525.05||1.06||-1.31||6930000||CHOLAFIN.21.03 Mar||537.9||-0.79||-4.45||4292500|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Au Small Finance Bank Li||1268||5.59||2247523||1552798||74.7||Nifty Media||1747.25||1.6||83568|
|Hindustan Unilever Ltd||2196.9||0.15||2290915||1345162||66.2||Nifty Realty||362.85||0.11||83568|
|Icici Prudential Life In||497.65||1.52||3012310||2034836||65.3||Nifty Fmcg||33443.8||-0.03||83568|
|Alembic Pharmaceuticals||922.7||-0.75||468509||295053||65.23||Nifty Pharma||12351.75||-0.22||83568|
|Hdfc Ltd.||2582.95||-2.71||5315682||3446930||61.12||Nifty Auto||10625.75||-0.44||83568|
|Dabur India Ltd.||524.2||1.18||4314919||1892816||60.46||Nifty it||25631.85||-0.55||83568|
|City Union Bank Ltd.||180.65||-0.39||13975656||10895225||59.62||Nifty Energy||19507.3||-0.83||83568|
|Icici Bank Ltd.||620.75||-1.8||25057198||12197156||57.98||Nifty 50||15080.75||-1.08||83568|
|Tata Consultancy Serv Lt||3049.7||-0.31||3916760||2032166||57.9||Nifty Bank||35802.5||-1.56||83568|
Upcoming Economic Data
|INR: FX Reserves, USD on 5th March, 2021||•USD : Nonfarm Payrolls (Feb) on 5th March, 2021
•USD: Unemployment Rate (Feb) on 5th March, 2021
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|•Sterlite Technologies Ltd., one of the biggest providers of optical fibre cable to telecom and broadband operators in India, is expanding capacity as the pandemic accelerated digital consumption and carriers are likely to prepare for 5G rollout. And with capacity utilisation and global demand rising, the company does not see any downside risk to pricing, according to Anand Agarwal, group chief executive officer at Sterlite Tech. Price correction won’t disrupt the company’s growth potential.
•Steelmaker ArcelorMittal Nippon Steel India (AM/NS India) on Thursday inked an agreement with the Odisha government for setting up a 12 mtpa integrated steel plant in Kendrapada district with an investment of Rs 50,000 crore, officials said.
•Bajaj Auto on Thursday has launched 115-cc bike Platina 110 in the country priced at Rs 65,920 (ex-showroom). The bike comes with ABS (anti-lock braking system) and other features like Nitrox spring-on-spring suspension as well as tubeless tyres. “The new Platina 110 ABS offers unmatched safety by offering riders complete control over unforeseen braking scenarios.
•The wearables market in India posted a 144.3 per cent year-on-year growth in 2020 with 36.4 million unit shipment, as per research firm IDC. India was the only country in the top 20 to see triple-digit growth in wearables in the year 2020 and continues to be the third-largest wearables market globally, IDC said in a statement.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|COALINDIA||Interim Dividend||05-Mar-21||WAA||Bonus issue||05-Mar-21|
|CYBERMAT||A.G.M.;General||05-Mar-21||DARJEELING||Right Issue of Equity Shares||06-Mar-21|
|PRITHVIEXCH||General||05-Mar-21||SPACEAGE||General;Preferential Issue of shares||06-Mar-21|
|SCTL||Scheme of Arrangement||05-Mar-21||BGPL||General; Quarterly Results||07-Mar-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|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||KIRLFER||10-Mar-21||Interim Dividend – Rs. – 2.00|
|SACHEMT||08-Mar-21||Bonus issue 1:10||MARICO||10-Mar-21||Interim Dividend – Rs. – 4.50|
|KEI||09-Mar-21||Interim Dividend – Rs. – 2.00||COALINDIA||15-Mar-21||Interim Dividend|
|SELMCL||09-Mar-21||Resolution Plan -Suspension||SOUTHBANK||15-Mar-21||E.G.M.|
|THANGAMAYL||09-Mar-21||Interim Dividend – Rs. – 6.00||MOLDTEK||16-Mar-21||Interim Dividend|
|TRIOMERC||09-Mar-21||Bonus issue 1:6||MOLDTKPAC||16-Mar-21||Interim Dividend|
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