The Nifty opened at 14668.35 with a gap up of 51 points. The index first moved down, filled the gap completely, and recorded its intraday low at 14611.50. Prices then started an upward move from that low and rallied more than 100 points to record its intraday high at 14743.90. Prices have finally closed at 14724.80 near its intraday high. All the sectoral indices have closed in green except Pharma. The Metal, Auto and IT sectors have led the bulls. The Nifty traded very narrow inside a range of almost 140 points. The index closed above its resistance of 14700 but struggled to cross and sustain above it for the whole day.
We should look to buy if the index moves above 14780 or look to short below 14600. Keep a stop of 100 points and a target of 180 points.
Bank Nifty opened at 32900.75 with a gap up of 50 points. The index traded very narrow and moved sideways. In this process prices have recorded its intraday high at 32956.35 and intraday low at 32564 and finally closed at 32827. PSU Banks have underperformed and closed with a loss of more than 1%. Private Banks also closed lower with minor losses. Within the index, ICICI Bank contributed highest while Bandhan Bank the lowest. It was a narrow range day in the index where prices have moved in a range of just 392 points.
We should look for a buying opportunity above 33100 while a move below 32300 is a selling opportunity.
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|IGL||519.85||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 511 and for the target 533|
|HEROMOTOCO||2913.30||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 2880 and for the target 3000.|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|KOTAK BANK||1800 CE||BUY||48.35||CMP||33||70||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|COFORGE.21.05 May||3390||17||140.76||952500||BANDHANBNK.21.05 May||292.8||-5.82||40.12||27775800|
|MPHASIS.21.05 May||1856.3||5.49||62.99||442325||LTI.21.05 May||3835||-2.7||20.35||439200|
|MINDTREE.21.05 May||2258||3.8||19.11||1692800||CIPLA.21.05 May||888.6||-0.72||14.35||17773600|
|VOLTAS.21.05 May||986.4||0.99||11.44||2786000||DEEPAKNTR.21.05 May||1899.05||-1.1||13.32||1565500|
|AARTIIND.21.05 May||1790||4.54||11.24||803675||PNB.21.05 May||36.15||-2.82||12.34||2.25E+08|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|AUBANK.21.05 May||962||1.46||-8.5||3080500||TATACHEM.21.05 May||677.05||-3.64||-5.24||9938000|
|BANKNIFTY.21.05 May||33011.3||0.11||-4.71||1433350||SRF.21.05 May||6780||-1.6||-4.84||565750|
|ADANIENT.21.05 May||1293.65||1.48||-2.61||13443000||LUPIN.21.05 May||1199.25||-0.79||-4.47||9226750|
|EICHERMOT.21.05 May||2445.3||2.42||-2.31||2658600||CUMMINSIND.21.05 May||842.5||-1.54||-2.14||986400|
|BOSCHLTD.21.05 May||13682||1.77||-2.16||93050||SUNTV.21.05 May||492.3||-1.97||-1.85||12022500|
Get Stock Market Recommendation By Our Research Analysts
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|City Union Bank Ltd.||170.75||0.56||2194011||2335692||70.13||Nifty Metal||5095||2.51||90669|
|Power Grid Corporation o||215.4||-1.28||10588285||8383019||64.3||Nifty it||26258.7||1.83||90669|
|Page Industries Limited||29547||-0.3||13088||16596||59.48||Nifty Auto||9815.1||1.78||90669|
|Tech Mahindra Limited||977.95||1.83||4620827||1784884||58.69||Nifty Media||1552.95||1.35||90669|
|Hdfc Ltd.||2430.1||2.21||2401866||1961228||56.71||Nifty 50||14724.8||0.73||90669|
|Hdfc Life Insurance Comp||671.8||-0.39||2269126||1272392||56.57||Nifty Realty||305.35||0.71||90669|
|Vedanta Limited||268.85||1.72||20191746||45312431||54.54||Nifty Energy||18178.2||0.66||90669|
|Infosys Limited||1361.6||1.5||4810090||2118097||53.76||Nifty Fmcg||34048.5||0.44||90669|
|Tata Consultancy Serv Lt||3111.45||0.51||1791671||1003404||51.74||Nifty Bank||32827.8||0.13||90669|
|Britannia Ind Ltd.||3452.05||0.01||384450||115240||49.22||Nifty Pharma||13747.75||-0.23||90669|
UPCOMING ECONOMIC DATA
|INR: Bank Loan Growth on 7th May, 2021
INR: Deposit Growth on 7th May, 2021
|•USD: Unemployment Rate (Apr) on 7th May, 2021
•USD : Nonfarm Payrolls (Apr) on 7th May, 2021
|•Tata Consumer Products Ltd., which replaced Gail (India) Ltd. in the benchmark Nifty 50 in its latest semi-annual rejig, saw a fall in quarterly profit and a contraction in margin over the preceding three months as expenses rose. Net profit of Tata Tea and Tata Salt maker declined 44% sequentially to Rs 133.34 crore in the January-March period, according to an exchange filing. That compares with the Rs 186.9-crore consensus estimate of analysts tracked by Bloomberg.
•ArcelorMittal Nippon Steel India (AMNS India) has recorded a 47 per cent higher EBITDA quarter-on-quarter and 188 per cent year-on-year to $403 million for the quarter ended March 31, 2021. Announcing the earnings, which were the best in a decade for ArcelorMittal, the company said that in the Q1 of Calendar 2021, AMNS India achieved solid production, annualising at 7.3 million tonnes (MT). The company achieved $403 million EBITDA (with a FY21 run rate of $1.6 billion) with a greater focus on export markets.
•Shares of Blue Dart Express Ltd touched a high of nearly Rs5,650 apiece in early deals on Thursday on the National Stock Exchange. This represents around 6% increase from the previous day. The reason for the optimism is the company’s better-than-expected March quarter results (Q4FY21). Standalone revenues have increased robustly by 33% year-on-year to Rs966 crore. To some extent, a favourable base helped, considering that revenues had declined by 7% in Q4FY20.
•As the country grapples with the Covid second wave the inflation may raise concerns for the economy, a Morgan Stanley report said. “We expect WPI inflation to have accelerated to 9.1% YoY in April from 7.4% YoY in March, led predominantly by a low base.
•Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ACGL||Audited Results;Final Dividend||07-May-21||HDFC||A.G.M.;Audited Results;Dividend||07-May-21|
|BEARDSELL||Right Issue of Equity Shares||07-May-21||INDIGO||General||07-May-21|
|CHOLAFIN||Audited Results;Final Dividend||07-May-21||INDOCITY||Audited Results||07-May-21|
|DABUR||Audited Results;Final Dividend||07-May-21||KANSAINER||Audited Results;Dividend||07-May-21|
|EIHOTEL||Audited Results||07-May-21||NAVINFLUOR||Audited Results;Final Dividend||07-May-21|
|GESHIP||Audited Results;Final Dividend||07-May-21||TANFACIND||Audited Results||07-May-21|
|GODREJAGRO||Audited Results;Final Dividend||07-May-21||ULTRACEMCO||Audited Results;Dividend||07-May-21|
|GRINDWELL||Audited Results;Dividend||07-May-21||YASTF||Audited Results||07-May-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|SEZAL||07-May-21||Resolution Plan -Suspension||QUESS||11-May-21||Interim Dividend – Rs. – 7.00|
|VAIBHAVGBL||07-May-21||Stock Split From Rs.10/- to Rs.2/-||GILLETTE||12-May-21||Special Dividend – Rs. – 50.00|
|ALKYLAMINE||11-May-21||Stock Split From Rs.5/- to Rs.2/-||NCLIND||12-May-21||Interim Dividend – Rs. – 1.50|
|LAURUSLABS||11-May-21||Interim Dividend – Rs. – 0.80||OFSS||17-May-21||Interim Dividend – Rs. – 200.00|
|MAYUKH||11-May-21||Stock Split From Rs.10/- to Rs.5/-||CAPPL||18-May-21||Interim Dividend – Rs. – 1.50|
|PGHH||11-May-21||Special Dividend – Rs. – 150.00||COFORGE||18-May-21||Interim Dividend – Rs. – 13.00|
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