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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Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
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


   Domestic                                                                                                                                                  International
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

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•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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