The Nifty opened at 14737 with a gap up of 100 points. Within the first 5 minutes of trading, the index moved down sharply and recorded its intraday low at 14573.90. Prices then quickly recovered from that loss, rallied more than 200 points and recorded its intraday high at 14779.10 and then again fell down more than 150 points. That was the first half and in the second half prices have remained subdued with a little movement on either side and finally closed at 14683.50 with a gain of almost 50 points. All the sectoral indices have closed with gains except Banks and Media led by the Pharma, Metal and Realty sectors. It was a volatile day in the index where prices have seen some wild movement on both sides and finally closed with minor gains. On the daily chart, the index is building two patterns, one is a bullish Head & Shoulder and second is a trading range. A bullish head and shoulder is visible in the Nifty with a neckline around 14900. If prices confirm this pattern it will give us a target of around 15500. A move below 14450 will cancel this pattern. The Nifty is trading inside a range of 500 points with support at 14400 and resistance at 14900. A breakout from either direction may give a pattern target of 500 points.
Bank Nifty opened at 32915.65 with a gap up of 201 points. The index did not sustain at the higher level and saw a sharp fall and then quickly recovered from it. Again a sharp decline came and then prices spent the second half moving narrow and choppy. The index finally closed at 32501. Private Banks have underperformed and closed lower while PSU Banks have closed with minor loss. Within the index,Kotak Bank contributed highest while ICICI Bank the lowest.
It was a volatile day in the index. Prices have seen many sharp moves in the first half while remained subdue in the second half.
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|AURO PHARMA||892.80||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 880 and for the target 920|
|PIIND||2306.35||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 2265 and for the target 2380.|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|SBILIFE||900 CE||BUY||23.55||CMP||16||38||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|NAVINFLUOR.21.04 Apr||2960||7.44||41.61||281025||TRENT.21.04 Apr||706.1||-3.48||16.76||1166525|
|SRF.21.04 Apr||6150||8.2||36.23||494500||MGL.21.04 Apr||1102.55||-3.03||16.62||1545000|
|LALPATHLAB.21.04 Apr||3045.95||5.57||24.09||306500||SIEMENS.21.04 Apr||1801.8||-1.88||16.15||787050|
|DEEPAKNTR.21.04 Apr||1674||3.05||21.18||1027000||UBL.21.04 Apr||1117.9||-2.79||15.02||1276100|
|GLENMARK.21.04 Apr||512.5||6.44||15.41||6975900||POWERGRID.21.04 Apr||210.9||-2.09||12.11||20660000|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|RAMCOCEM.21.04 Apr||1046.45||3||-6.15||1530000||FINNIFTYW.21.04 Apr||15445.4||-0.2||-74.31||3360|
|MUTHOOTFIN.21.04 Apr||1210.9||2.18||-4.55||2563500||AUBANK.21.04 Apr||1223.25||-0.33||-1.17||2366000|
|APOLLOHOSP.21.04 Apr||3007.15||2.43||-3.13||1838500||IGL.21.04 Apr||504.8||-0.66||-0.96||5812125|
|LICHSGFIN.21.04 Apr||422.5||0.55||-2.98||6124000||SHREECEM.21.04 Apr||30348||-0.27||-0.54||146250|
|L&TFH.21.04 Apr||96.7||0.94||-2.64||26968328||BANKNIFTY.21.04 Apr||32725||-0.28||-0.37||2013975|
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Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Icici Lombard General In||1426.95||1.16||171421||543923||74.41||Nifty Pharma||12548.6||1.76||84309|
|Hindustan Unilever Ltd||2408.3||1.48||3683538||1826014||71.74||Nifty Metal||4286.95||1.43||84309|
|Max Financial Services l||889.3||2.21||1355429||403827||53.94||Nifty it||26532.2||0.15||84309|
|Power Finance Corporatio||114.35||2.6||10028307||5655756||53.87||Nifty Auto||9781.35||0.14||84309|
|Hdfc Life Insurance Comp||697.15||2.2||1427470||1107864||53.4||Nifty Energy||18217.15||-0.08||84309|
|Godrej Cons Products Ltd||727.75||0.75||1009712||840644||52.77||Nifty Media||1527.15||-0.34||84309|
|Trent Limited||703.65||-3.54||1267810||387457||52.44||Nifty Bank||32501.35||-0.54||84309|
Upcoming Economic Data
|INR: Nikkei Services PMI (Mar) on 7th April 2021
INR: RBI Interest Rate Decision on 7th April, 2021
|•USD : FOMC Meeting Minutes on 7th April, 2021
•USD: Crude Oil Inventories on 7th April, 2021
|•Tata Motors on Tuesday said it has opened ten new full-range passenger vehicle showrooms in Delhi NCR in a single day as part of its plan to expand sales network across the country. The auto major inaugurated seven sales outlets in Delhi, two in Gurgaon and one in Faridabad as part of the exercise. With these additions, the company now has a total of 29 outlets will now cater to a larger customer group in the region.
•Reliance Jio announced on Tuesday that it has signed an agreement with Bharti Airtel for acquisition of right to use spectrum in the 800 MHz band in Andhra Pradesh, Delhi and Mumbai circles through spectrum trading. After the transfer, Jio’s spectrum footprint will be enhanced in 800 Mhz band to 2×15 Mhz in mumbai circle and 2×10 Mhz in Andhra Pradesh and Delhi circles.
•After a pause, prices of steel and iron ore are on the rise. Steel companies have increased prices by up to Rs 5,000 a tonne beginning April while state-owned iron ore producer, NMDC has hiked prices of lump ore by Rs 500 a tonne. Steel producers said that prices of hot rolled coil – a benchmark for flat steel (used in automobile, domestic appliances and construction) – have been increased by Rs 4,500-5,000 a tonne; prices of long steel (used in infrastructure and construction) have increased by up to Rs 3,000 a tonne.
•Average spot power price rose by 65 per cent to Rs 4.06 per unit in March compared to the year-ago month at Indian Energy Exchange (IEX) mainly due to increase in demand on account of rise in temperature and revival of economic activities.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ARCHIDPLY||General||07-Apr-21||UCOBANK||Preferential Issue of shares||07-Apr-21|
|ARVINDFASN||Right Issue of Equity Shares;General||07-Apr-21||BANKINDIA||General||08-Apr-21|
|ASHFL||ESOP;Preferential Issue of shares||07-Apr-21||GOLKONDA||General;Preferential Issue of shares||08-Apr-21|
|HDIL||Audited Results;Quarterly Results||07-Apr-21||INFRATRUST||General||08-Apr-21|
|STURDY||General||07-Apr-21||AGARIND||Issue Of Warrants;Preferential Issue||09-Apr-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|EDELWEISS||07-Apr-21||Interim Dividend – Rs. – 0.90||RVNL||08-Apr-21||Interim Dividend – Rs. – 1.1400|
|BRITANNIA||08-Apr-21||Interim Dividend – Rs. – 62.00||SIS||08-Apr-21||Buy Back of Shares|
|GOVINDRU||08-Apr-21||Resolution Plan -Suspension||INLANPR||09-Apr-21||Consolidation of Shares|
|INDNIPPON||08-Apr-21||Interim Dividend – Rs. – 6.00||PRITIKAUTO||09-Apr-21||Stock Split From Rs.10/- to Rs.2/-|
|KAMAHOLD||08-Apr-21||Interim Dividend – Rs. – 108.00||RAMAPHO||09-Apr-21||Interim Dividend – Rs. – 1.00|
|PREMCO||08-Apr-21||Interim Dividend – Rs. – 2.00||ROTO||09-Apr-21||Interim Dividend – Rs. – 1.40|
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