The Nifty opened at 14687.25 with a gap up of 53 points. The index first recorded its intraday high at 14723.40 within the first few minutes of trading and then started moving downside. Prices fell for the next 30 minutes and then started moving sideways. That sideways movement again broke on the downside around 1:00 PM. The index recorded its intraday low at 14461.50 and finally closed at 14496.50 with a loss of 137.65 points. All the sectoral indices have closed in red. The Pharma, Auto and Financial have led the decline. We were long in the index from 14600. Prices have seen a sharp intraday decline and we were stopped at 14550. It was a trend day on the downside and the index closed a tad below 14500. The index has come back inside its range with support at 14200 and resistance at 14700.
Prices have found strong resistance around 14700 and fell more than 200 points. Short term trend has changed to sideways.
Bank Nifty opened at 32610.40 with a gap up of 75 points. The index first rallied higher and recorded its intraday high at 33011.55. Prices then saw a sharp intraday decline and recorded its intraday low at 32191.40. PSU Banks have significantly outperformed and closed with gains of more than 3%. Private Banks have underperformed and closed lower. Within the index, HDFC Bank contributed highest on the downside followed by ICICI Bank.
The index continued moving volatile as prices have seen an intraday rally and a sharp decline both.
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|BANK BARODA||70.40||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 67 and for the target 76|
|TATACHEM||708.55||SELL||The stock has given a breakdown from a narrow trading range. The stock can be sold below 700 with a stop at 715 and for the target 670|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|VEDL||260 CE||BUY||16.15||CMP||14||20||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|RBLBANK.21.05 May||182.8||1.02||22.5||30461600||LTTS.21.05 May||2587.05||-8.02||43.14||742600|
|SRF.21.05 May||6766.05||3.04||21.71||550875||TATACHEM.21.05 May||712.2||-9.46||33.15||11844000|
|SBILIFE.21.05 May||988.7||2.2||12.98||6608250||TATACONSUM.21.05 May||649.4||-4.59||22.95||8561700|
|PNB.21.05 May||37.85||9.08||12.78||194928000||M&MFIN.21.05 May||156.25||-3.07||18.55||20632000|
|VEDL.21.05 May||262.55||1.78||9.5||77394600||MPHASIS.21.05 May||1760.05||-2.03||14.42||273325|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|NAM-INDIA.21.05 May||340.6||0.18||-4.52||1588800||FINNIFTYW.21.05 May||15499.9||-0.83||-66.25||7560|
|ADANIENT.21.05 May||1272||0.68||-1.47||14156000||COFORGE.21.05 May||2847.6||-1.99||-6.48||384375|
|ALKEM.21.05 May||2812||1.09||-0.87||249400||EXIDEIND.21.05 May||182.25||-0.3||-3.47||11833200|
|MFSL.21.05 May||901.95||0.09||-0.86||2014350||SUNTV.21.05 May||492.5||-3.08||-2.38||12717000|
|ADANIPORTS.21.05 May||770.55||0.5||-0.41||71702500||PFIZER.21.05 May||5262.05||-1.44||-1.49||281875|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Infosys Limited||1329.4||-1.68||4887060||2748838||60.28||Nifty Media||1525.65||-0.09||99030|
|Tech Mahindra Limited||960.4||0.28||4064221||1967912||56.12||Nifty Energy||17947.85||-0.2||99030|
|Hdfc Asset Management Co||2728.35||-0.93||282871||139595||56.06||Nifty Realty||306.25||-0.46||99030|
|Hdfc Life Insurance Comp||667.85||-0.6||4118750||2706687||55.15||Nifty Fmcg||33822.75||-0.5||99030|
|Hcl Technologies Ltd.||900.95||-0.74||6217026||3707743||53.96||Nifty Bank||32270.35||-0.6||99030|
|Itc Ltd.||199.6||-0.67||18259282||11090236||53.81||Nifty Metal||4921.65||-0.62||99030|
|Page Industries Limited||29408.8||-0.95||25145||11179||53.63||Nifty it||25489||-0.73||99030|
|Mphasis Limited||1754.95||-1.73||238613||154745||52.72||Nifty Auto||9577.7||-0.88||99030|
|Hdfc Bank Ltd.||1388.35||-1.85||10743164||5720050||50.9||Nifty 50||14496.5||-0.94||99030|
|Info Edge (india) Limite||4788.5||-1.57||343667||188269||50.59||Nifty Pharma||13234.75||-2.02||99030|
UPCOMING ECONOMIC DATA
|INR: Nikkei Services PMI (Apr) on 5th May, 2021
INR: Bank Loan Growth on 7th May, 2021
|•USD: ADP Nonfarm Employment Change (Apr) on 5th May, 2021
•USD : Services PMI (Apr) on 5th May, 2021
|•A total of 19 companies have filed applications under the production linked incentive (PLI) scheme for IT hardware, including Dell, Rising Stars Hi-Tech (Foxconn) and Lava. Further, 14 companies have filed applications under the category Domestic Companies which include Dixon, Infopower (JV of Sahasra and MiTAC), Bhagwati (Micromax), Syrma, Orbic, Neolync, Optiemus, Netweb, VVDN, Smile Electronics, Panache Digilife, HLBS, RDP Workstations and Coconics.
•Adani Ports and Special Economic Zone Ltd on Tuesday reported a consolidated net profit of ₹1,288 crore for the quarter ended 31 March, 2021. The company had posted a profit of ₹334 crore in the year-ago period. The company’s March-quarter consolidated revenue from operations rose almost 24% to ₹3,608 crore as against ₹2,921 crore a year ago. The board has recommended a dividend of ₹5/-) per equity share of Rs. 2/- each fully paid-up for FY21.
•Mphasis said on Tuesday it is expanding its footprint in the UK with a special focus on digital transformation initiatives in banking & insurance, by establishing a nearshore centre, outside of London. Mphasis expects to create close to 1000 UK jobs to begin with; invest over GBP 25 million upfront towards establishing the centre, and provide upskill and training in both digital transformation as well as domain expertise in the UK banking & insurance segments.
•Morepen Laboratories reported an over two-fold rise in its consolidated net profit at Rs 26.76 crore for the quarter ended March 31, 2021, on account of higher revenue. The company had posted a net profit of Rs 11.02 crore for the corresponding period of financial year 2019-20.
•Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ADANIENT||Dividend;Audited Results;General||05-May-21||GILLETTE||Interim Dividend;Results||05-May-21|
|ADANIGREEN||Audited Results||05-May-21||INTEGRA||Audited Results||05-May-21|
|ANANTRAJ||Issue Of Warrants;General||05-May-21||JMFINANCIL||Dividend;Audited Results||05-May-21|
|ANGELBRKG||Audited Results||05-May-21||KIRLFER||ESOP;Final Dividend;\Results||05-May-21|
|ARL||General||05-May-21||KREONFIN||Preferential Issue of shares||05-May-21|
|ASIANTNE||Voluntary Delisting of Shares||05-May-21||MAITHANALL||Dividend;Audited Results||05-May-21|
|BLUEDART||Final Dividend;Audited Results||05-May-21||MEGASOFT||Audited Results||05-May-21|
|CEATLTD||Final Dividend;Audited Results||05-May-21||OFSS||Dividend;Audited Results||05-May-21|
|CORALFINAC||Final Dividend;Audited Results||05-May-21||POWERINDIA||Quarterly Results||05-May-21|
|CRAFTSMAN||Audited Results||05-May-21||QUESS||Interim Dividend||05-May-21|
|DEEPAKNI||Dividend;Audited Results||05-May-21||SANGAMIND||Dividend;Audited Results||05-May-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|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/-|
|EMBASSY||06-May-21||Income Distribution (InvIT)||LAURUSLABS||11-May-21||Interim Dividend – Rs. – 0.80|
|PRIMEFRESH||06-May-21||Bonus issue 2:1||PGHH||11-May-21||Interim Dividend|
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