OutlookNIFTY:

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:

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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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
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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DERIVATIVE PICKS

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
Sectors Price Change % Quantity
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
Piind 2268.15 -0.49 338416 219944 56.48 Nifty Metal 3976.85 -2.01 83568

Upcoming Economic Data

   Domestic                                                                                                                                                  International
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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News Updates

•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

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Board Meetings

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ADDIND General 05-Mar-21 SIMMOND General;Quarterly Results 05-Mar-21
AKI General 05-Mar-21 SONAL Quarterly Results 05-Mar-21
BINDALEXPO General 05-Mar-21 SPANDANA General 05-Mar-21
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
ICICIGI Interim Dividend 05-Mar-21 DHANI General 06-Mar-21
KIRLOSENG Interim Dividend 05-Mar-21 MAWANASUG General 06-Mar-21
MSRINDIA General 05-Mar-21 RELTD General 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

Corporate Action

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
TELESYS 08-Mar-21 E.G.M. WANBURY 10-Mar-21 E.G.M.
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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