The Nifty opened at 14716.45 with a gap up of 33 points. Within the first 5 minutes of trading, the index moved down sharply and recorded its intraday low at 14649.85 and then quickly recovered from that loss. The index rallied more than 220 points from the intraday lows and recorded its intraday high at 14879.90 and then spent the rest of the day moving choppy and narrow. The index finally closed at 14819.05 with a gain of 135.55 points. All the sectoral indices have closed with gains led by Auto, Bank and IT. It was a trend day on the upside. The index ended above 14800 and now heading towards 14900 resistance. Yesterday we have mentioned two ongoing patterns in the Nifty both with a resistance level of 14900. A breakout from this pattern may give us a trade on the long side.
We should look to buy the index above 14900 with a stop at 110 points and target of 220 points.
Bank Nifty opened at 32529.70 without much of a gap. Prices have recorded its intraday low at 32141.55 and then started moving on the upside. The index recorded its intraday high at 33191.70 and then spent the next 2 hours trading sideways and choppy. Prices have finally closed at 32991. PSU and Private Banks both have performed well and closed higher by 1.95% and 1.53% respectively. Within the index, in terms of points, ICICI Bank contributed highest followed by SBIN.
It was a trend day on the upside where the index closed higher above near 33000 levels.
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|MOTHERSON SUMI||214.15||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 210 and for the target 221.|
|FEDERAL BANK||79.05||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 77 and for the target 83.50|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|APOLLOHOSP||3100 CE||BUY||140.05||CMP||120||180||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|PIIND.21.04 Apr||2430.2||4.61||45.67||496750||MPHASIS.21.04 Apr||1740.55||-0.99||29.37||682825|
|CHOLAFIN.21.04 Apr||580.25||6.78||26.15||6705000||AMARAJABAT.21.04 Apr||835.05||-1.87||23.32||3120000|
|VEDL.21.04 Apr||238.8||1.62||26.03||86818600||LALPATHLAB.21.04 Apr||2997.95||-1.4||12.08||322500|
|FINNIFTYW.21.04 Apr||15565||0.9||20.24||4040||LICHSGFIN.21.04 Apr||421.65||-0.09||11.84||6708000|
|NAM-INDIA.21.04 Apr||343.1||1.22||16.73||982400||GLENMARK.21.04 Apr||505.3||-1.18||9.66||7469250|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|CUMMINSIND.21.04 Apr||891.4||1.14||-6.1||1846800||TATACONSUM.21.04 Apr||669.4||-1.31||-1.13||16260750|
|TORNTPOWER.21.04 Apr||423.85||1.01||-5.13||2331000||NATIONALUM.21.04 Apr||59.6||0||-0.44||73882000|
|RBLBANK.21.04 Apr||216.85||1.62||-4.22||21274400||HINDUNILVR.21.04 Apr||2409||-0.3||-0.21||5962800|
|BAJFINANCE.21.04 Apr||5093.6||1.55||-4.13||3526250||GRANULES.21.04 Apr||332.5||-0.72||-0.1||6370500|
|PFIZER.21.04 Apr||4639.95||0.15||-3.67||75500||BHARATFORG.21.04 Apr||616.5||-1.16||-0.08||5605500|
Get Stock Market Recommendation By Our Research Analysts
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hindustan Unilever Ltd||2405.25||-0.13||1713970||2880067||78.19||Nifty Auto||9937||1.59||91212|
|Nippon Life India Asset||340.45||0.98||1021997||407441||71.23||Nifty Bank||32991.2||1.51||91212|
|Godrej Cons Products Ltd||739.5||1.61||2369890||600038||59.43||Nifty it||26831||1.13||91212|
|United Spirits Limited||543.45||0.45||1383196||1157507||59.31||Nifty Realty||331.4||0.96||91212|
|Petronet Lng Limited||230.9||1.21||2420861||1390953||56.67||Nifty 50||14819.05||0.92||91212|
|Hdfc Ltd.||2482.7||0.42||3511527||1619826||56.19||Nifty Metal||4325.45||0.9||91212|
|Vedanta Limited||236.85||1.41||42365445||9799993||55.52||Nifty Media||1538.95||0.77||91212|
|Colgate Palmolive (india||1550.85||-1.13||627405||214406||55.01||Nifty Energy||18333.35||0.64||91212|
|Max Financial Services l||889.9||0.07||740186||734130||54.16||Nifty Fmcg||34835.3||0.62||91212|
Upcoming Economic Data
|INR: Deposit Growth on 9th April 2021
INR: Bank Loan Growth on 9th April, 2021
|•USD : Initial Jobless Claims on 8th April, 2021
•USD: PPI (MoM) (Mar) on 9th April, 2021
|•The Indian currency fell to a four-month low during trade on April 7, driven down by unwinding of positions in the offshore markets and chatter over the Reserve Bank of India’s new bond-buying programme being akin to quantitative easing. The rupee fell 1.5% to 74.55 against the U.S. dollar, the steepest one-day drop seen since August 2019, according to data available from BloombergQuint.
•The initial share sale of Macrotech Developers Ltd. received muted response from investors on the first day of its offering. The Rs 2,500-crore issue was subscribed 0.26 times as of 5 p.m. on April 7 led by qualified institutional buyers, according to exchange data. The IPO will close on April 9.
•Telecom operator Bharti Airtel on Wednesday announced an integrated platform that enables enterprises to leverage the power of the Internet of Things (IoT) and gear up for the emerging era of ‘connected things’. ‘Airtel IoT’ is an end-to-end platform with the capability to connect and manage billions of devices and applications in a highly secure and seamless manner, the company said in a statement.
•The Securities and Exchange Board of India (Sebi) has imposed a penalty of Rs 25 crore on the Ambani family and firms linked to the promoter group for violation of takeover code regulations in the year 2000. In January 2000, the promoter stake in Reliance Industries (RIL) had increased by 6.83 per cent following conversion of warrants issued in 1994.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|GOLKONDA||General;Preferential Issue of shares||08-Apr-21||ICSL||Audited Results;General||09-Apr-21|
|SPECMKT||Increase in Authorised Capital||08-Apr-21||INDITALIA||General||10-Apr-21|
|SUNRAJDI||A.G.M.;Audited Results;General||08-Apr-21||MINALIND||General;Quarterly Results||10-Apr-21|
|AGARIND||Issue Of Warrants;Preferential Issue||09-Apr-21||SHANGAR||Audited Results;Quarterly Results||10-Apr-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|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|
|RVNL||08-Apr-21||Interim Dividend – Rs. – 1.1400||STYLAMIND||12-Apr-21||Stock Split From Rs.10/- to Rs.5/-|
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