The Nifty opened at 14240.95 with a gap up of 41 points. The index made its intraday high at 14244.15 within the first five minutes of trading and then started moving down. Prices have seen an intraday decline of more than 200 points from its intraday highs to its intraday low which was recorded at 14039.90. However, in the last hour of trading, the index saw some recovery and finally closed at 14146.25 down by 53.25 points. Banks and Metal sectors have outperformed and closed with gains while FMCG and IT sectors have underperformed significantly and closed lower by more than 1%.
We had taken a long trade around 14115 daybefore and we had suggested to book profits at yesterdays opening price. The index opened and settled around 14230.So our trade was closed there with a gain of 115 points. The Nifty ended marginally lower in a volatile trading session, taking a breather after the recent surge.
In the last 11 trading days, the index has rallied has more than 1000 points without any correction or consolidation. However it shows us the strength of trend but still prices can not move in a straight line. They correct and consolidate as well within an on going trend. The index continued making lifetime new highs but also saw some profit booking at higher levels. Since the trend is still up so we should look only for buying on any dips.
Bank Nifty opened at 31839.95 with a gap up of 129 points. Prices have traded very narrow initially and then saw a sharp upside move. The index made its intraday high at 31982.30 and then saw a sharp fall to record its intraday low at 31548.15. The index finally closed at 31797. Private Banks have outperformed and closed higher by 0.19% while PSU Banks have closed lower by 0.32%. Within the index, in terms of points ICICI Bank contributed highest while Axis Bank the lowest. We were long in the index from 31500 with a stop just below 31100 and target of 32400. Prices have neither met the stop or target so our trade remains intact.
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|BHARTI AIRTEL||525.30||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 517 and for the target 540.|
|AMBUJA CEMENT||261.10||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 257 and for the target 270.|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|INDUSINDBK||920 CE||BUY||51||CMP||42||68||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|BATAINDIA.21.01 Jan||1668||3.36||31.24||1331000||AARTIIND.21.01 Jan||1298.65||-3.37||22.59||313650|
|HDFCAMC.21.01 Jan||3116||0.35||28.42||225000||NAUKRI.21.01 Jan||5282||-4.03||21.4||933250|
|GODREJPROP.21.01 Jan||1465.25||3.59||18.31||1230450||LUPIN.21.01 Jan||1005.65||-3.47||13.45||8562900|
|SRTRANSFIN.21.01 Jan||1193||6.59||17.48||4768000||LALPATHLAB.21.01 Jan||2365.8||-1.19||12.15||101500|
|RAMCOCEM.21.01 Jan||805.8||1.02||16.15||2182800||COFORGE.21.01 Jan||2803||-3.09||11.78||441375|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|PVR.21.01 Jan||1420.7||2.41||-6.27||1564508||SAIL.21.01 Jan||76||-2.56||-7.91||101308000|
|ICICIPRULI.21.01 Jan||512.2||0.49||-5.21||4363500||CANBK.21.01 Jan||132.5||-2.61||-7.9||42330600|
|KOTAKBANK.21.01 Jan||1974.5||0.57||-4.38||17936800||SIEMENS.21.01 Jan||1610.4||-0.27||-4.93||838750|
|IGL.21.01 Jan||543.95||4.21||-3.88||7128000||ZEEL.21.01 Jan||221.4||-0.85||-4.89||30144000|
|TATASTEEL.21.01 Jan||686.95||0.7||-2.88||36895100||SUNTV.21.01 Jan||488.35||-1.14||-3.85||9994500|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Britannia Ind Ltd.||3539.7||-0.32||1099588||479432||66.1||Nifty Metal||3419.8||1.29||89931|
|Icici Lombard General In||1611.7||1.73||1321608||507917||65.45||Nifty Realty||318.6||0.71||89931|
|Max Financial Services l||709.4||1.13||1966993||880881||56.91||Nifty Bank||31797.9||0.24||89931|
|Hdfc Life Insurance Comp||719.05||0.74||3582162||3855013||55.42||Nifty Energy||17097.85||0.16||89931|
|Bharti Airtel Limited||525.3||2.2||30269288||5647859||53.83||Nifty Pharma||13118.1||-0.37||89931|
|Hdfc Ltd.||2638.85||-0.49||3401085||3136561||53.43||Nifty 50||14146.25||-0.38||89931|
|Power Grid Corporation o||196.15||4.34||30524202||3114074||52.83||Nifty Auto||9379.55||-0.39||89931|
|Hindustan Unilever Ltd||2417.3||-1.36||1641627||1202759||51.04||Nifty Fmcg||34327.35||-1.13||89931|
|Reliance Industries Ltd||1914.25||-2.64||21414270||5208047||46.78||Nifty it||25419.15||-1.36||89931|
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UPCOMING ECONOMIC DATA
|INR: Federal Fiscal Deficit on 8th January, 2021
INR: Industrial Production (YoY) (Nov) on 10th January, 2021
|•USD : ISM Non-Manufacturing PMI (Dec) on 7th January, 2021
•USD : Trade Balance (Nov) on 7th January, 2021
|•The government will conduct auction for radiowaves worth ₹3.92 lakh crore on 1 March, the department of telecommunications (DoT) said in a notice on Wednesday. It will carry out single auction to assign spectrum blocks in the 700MHz (megahertz), 800MHz, 900MHz, 1,800MHz, 2,100MHz, 2,300MHz and 2,500MHz bands, the notice said.
•The domestic steel industry is seeking reduction in basic customs duty on key raw materials like anthracite coal, metallurgical coke, coking coal, and graphite electrode in the upcoming Budget. The non-availability of these items in good quality and quantity hinders the growth of the steel industry.
•IDFC First Bank on Wednesday provided an update for the quarter ended December, 2020. Retail deposits of the Bank increased 100% Y-o-Y and 18% Q-o-Q.
•JK Tyre will supply its UX Royale radial tyres to Hyundai Motor India for the top-end variants of South Korean car maker’s compact SUV Creta under an exclusive partnership, according to a statement released on Wednesday. The tyre is capable of giving superior ride comfort with crisp handling and low noise even at all speeds.
•Riding on the back of festive sales and pent up demand, jewellery-to-watches maker Titan, which had seen a washout of sales in the first quarter of FY21 because of lockdown disruptions, has moved much closer to growth. While the jewellery division has crossed the recovery phase to growth phase, watches and eyewear divisions have also moved much closer to the full recovery.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ASIANTNE||Quarterly Results||07-Jan-21||LAMBODHARA||Preferential Issue of shares||08-Jan-21|
|INDIANACRY||Quarterly Results||07-Jan-21||MAHACORP||Scheme of Arrangement||08-Jan-21|
|OSWALOR||Increase in Authorised Capital||07-Jan-21||SHALBY||Quarterly Results||08-Jan-21|
|PANORAMA||General||07-Jan-21||TCS||Interim Dividend;Quarterly Results||08-Jan-21|
|REVATHI||Voluntary Delisting of Shares||07-Jan-21||URJAGLOBA||Right Issue of Equity Shares||08-Jan-21|
|UTTAMSUGAR||Quarterly Results||07-Jan-21||ASHFL||ESOP;Interim Dividend;General;Results||09-Jan-21|
|ICSL||Quarterly Results||08-Jan-21||CHDCHEM||Quarterly Results||09-Jan-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|LPNAVAL||08-Jan-21||E.G.M.||COCHINSHIP||13-Jan-21||Interim Dividend – Rs. – 9.0000|
|RITES||08-Jan-21||Interim Dividend – Rs. – 5.0000||INDTONER||14-Jan-21||Buy Back of Shares|
|REFEX||11-Jan-21||Interim Dividend – Rs. – 1.0000||INFRATRUST||14-Jan-21||Income Distribution (InvIT)|
|ORTINLAABS||12-Jan-21||Reduction of Capital||SVPGLOB||14-Jan-21||Stock Split From Rs.10/- to Rs.1/-|
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