The Nifty opened at 14972.60 with a gap up of 77 points. Prices have first seen a mild upward rally and recorded its intraday high at 15014.65. The index traded very volatile. In this process, prices have recorded its intraday low at 14864.75 and finally closed at 14924.25 up by 28.60 points. The Pharma and Banks have led the bulls while Media, Auto and IT sectors have closed with loss. Nifty continued making lifetime new highs and prices have crossed a psychological number of 15000. However, in the end, the index came lower and closed just a tad below 15000. The week was very good for the bulls as we have seen a gain of 1280 points in the last five trading days. Nifty closes higher for the sixth consecutive trading day. The trend is still very strong on the upside as the Nifty is trading at its lifetime new highs. After a sharp move this week it is very likely that we may see a consolidation in the next week. Psychological resistance is visible around 15000 levels while strong support is visible around 14700.We had suggested a long trade for Friday. The trade was to buy on a dip of 100 points from the opening tick. Luckily for us, the dip came. The index opened at 14972 so we were looking for a buying opportunity at 14872. Around 11:00 AM our long trade got executed at this level. We had suggested a stop of 80 points and target of 180 points. Prices did not touch either of these levels so our trade is intact.
Bank Nifty opened at 35634.95 with a gap up of 212 points. The index initially rallied and recorded its intraday high at 36615.20. Prices then started moving down, continued that down move towards the end of the day’s trading session and finally closed at 35654. PSU Banks have significantly outperformed and closed higher by 3.60% while Private Banks have closed lower by 0.69%. Within the index in terms of points SBI contributed highest while Axis Bank the lowest. We had suggested a long trade in this index. The trade was to buy on a dip of 400 points from the opening tick. Prices have not seen that dip so our trade was not executed.
On Monday, we should again look for a dip of 400 points to buy.
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|AUROPHARMA||942.85||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 928 and for the target 970|
|JSWSTEEL||402.20||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 396 and for the target 412|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|LUPIN||1070 CE||BUY||47||CMP||38||60||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|FINNIFTYW.21.02 Feb||16735||0.8||733.33||3000||ZEEL.21.02 Feb||217.3||-13.29||37.38||43881000|
|ITC.21.02 Feb||231.75||0.5||13.11||118390400||COFORGE.21.02 Feb||2480.2||-2.78||28.25||621375|
|TORNTPHARM.21.02 Feb||2759.9||3.41||10.12||856750||RBLBANK.21.02 Feb||249.05||-3.32||19.45||20015800|
|BHEL.21.02 Feb||43.6||2.71||10.08||156681000||ASIANPAINT.21.02 Feb||2392||-0.97||12.58||7081800|
|SBIN.21.02 Feb||396.05||10.88||9.62||104661000||BANDHANBNK.21.02 Feb||330||-4.43||10.63||27471600|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|GODREJPROP.21.02 Feb||1398.3||4.07||-22.15||1476150||APOLLOTYRE.21.02 Feb||243.05||-0.88||-10.47||16545000|
|SAIL.21.02 Feb||65.5||0.92||-3.82||94240000||PNB.21.02 Feb||40.05||-1.48||-4.13||237168000|
|NTPC.21.02 Feb||97.05||0.36||-2.55||67881300||BEL.21.02 Feb||139.75||-0.46||-4.04||33060000|
|CUMMINSIND.21.02 Feb||780.75||0.06||-1.82||1231200||INDUSINDBK.21.02 Feb||1031.05||-0.54||-3.49||24993000|
|CIPLA.21.02 Feb||850.45||1.38||-1.41||13114400||IBULHSGFIN.21.02 Feb||215.85||-3.29||-3.16||29121400|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Torrent Power Limited||318.5||-0.83||1528572||1683461||72.37||Nifty Pharma||12950.65||1.66||87222|
|Aarti Industries Ltd.||1190.45||-0.31||183614||303668||71.33||Nifty Metal||3443.15||0.99||87222|
|Power Grid Corporation o||207.1||0.85||16174758||9162308||69.25||Nifty Bank||35654.5||0.88||87222|
|Sbi Life Insurance Compa||864.2||0.03||1766235||1424741||68.01||Nifty Realty||341.3||0.68||87222|
|Hdfc Life Insurance Comp||681.55||0.17||2759333||2099820||62.13||Nifty Fmcg||34644.5||0.4||87222|
|Icici Prudential Life In||472.35||-0.89||2196185||2992481||60.84||Nifty 50||14924.25||0.19||87222|
|Icici Lombard General In||1467.75||-0.17||784535||428492||60.03||Nifty Energy||17415.5||-0.27||87222|
|Asian Paints Limited||2376.75||-1.04||3303319||2051905||58.99||Nifty it||25331.6||-0.93||87222|
|Hindustan Unilever Ltd||2269.55||1.07||4036942||1634313||56.2||Nifty Auto||10723.95||-1.32||87222|
|Motherson Sumi Sys Ltd.||156.35||-1.08||8334304||7429306||54.45||Nifty Media||1720.7||-4.47||87222|
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UPCOMING ECONOMIC DATA
|INR: CPI (YoY) (Jan) on 12th February, 2021
INR: Industrial Production (YoY) (Dec) on 12th February, 2021
|•USD : EIA Short-Term Energy Outlook on 9th February, 2021
•USD : JOLTs Job Openings (Dec) on 9th February, 2021
|•Jubilant FoodWorks which runs Domino’s Pizza and Dunkin Donuts, has revised its expansion target upwards, following robust recoveries in the third quarter ended December 2020, backed by delivery and takeaway channels. In a post earnings investor call, the JFL management said it plans to set up over 110 Domino’s stores in FY21, and flagged potential of 3,000 Domino’s stores in India in the long term, up from 2,000 it had announced pre-Covid.
•Mahindra & Mahindra Ltd on Friday hinted at a possible price hike of its range of vehicles in the next few months due to rising commodity prices. The company, which was recently reported to have cut jobs in its North American operations, is likely to reduce it further even as it prepares to launch its off-roader vehicle Roxor.
•Punjab National Bank reported an 18 per cent quarter-on-quarter drop in its standalone net profit to Rs 506 crore in the December quarter (Q3). The state-owned bank’s net interest income dropped marginally by 1 per cent to Rs 8,313 crore in Q3, compared with the previous quarter. The bank’s gross non-performing assets ratio dropped by 44 basis points to 12.99 per cent from 13.43 per cent as of September. The bank’s net NPA ratio was at 4.03 per cent in Q3, a 4.75 per cent sequential decline.
•Britannia Industries Ltd.’s third-quarter profit rose beating estimates, aided by cost cuts. Net profit of the maker of Good Day and Tiger biscuits rose 22% year-on-year to Rs 452.6 crore in the quarter ended December, according to an exchange filing.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ASTRAZEN||Quarterly Results||08-Feb-21||KHAITANLTD||Quarterly Results;General||08-Feb-21|
|AVADHSUGAR||Quarterly Results||08-Feb-21||MARKSANS||Quarterly Results||08-Feb-21|
|BALAMINES||Quarterly Results||08-Feb-21||MEGH||Quarterly Results||08-Feb-21|
|BALKRISIND||Interim Dividend;Quarterly Results||08-Feb-21||MONTECARLO||Quarterly Results||08-Feb-21|
|BALMLAWRIE||Interim Dividend;Quarterly Results||08-Feb-21||MPL||Quarterly Results||08-Feb-21|
|BOMDYEING||Quarterly Results||08-Feb-21||NBVENTURES||Quarterly Results||08-Feb-21|
|BPCL||Interim Dividend;Quarterly Results||08-Feb-21||NCLIND||Quarterly Results||08-Feb-21|
|CAMLINFINE||General;Quarterly Results||08-Feb-21||NMDC||Quarterly Results||08-Feb-21|
|DHARAMSI||Interim Dividend;Quarterly Results||08-Feb-21||REDINGTON||Quarterly Results||08-Feb-21|
|EIDPARRY||Quarterly Results||08-Feb-21||STARCEMENT||Quarterly Results||08-Feb-21|
|ESSARSHPNG||Quarterly Results||08-Feb-21||SUNTV||Interim Dividend;Quarterly Results||08-Feb-21|
|EVERESTO||Interim Dividend;Quarterly Results||08-Feb-21||TORNTPHARM||Interim Dividend;Quarterly Results||08-Feb-21|
|GALAXYSURF||Quarterly Results;Interim Dividend||08-Feb-21||USHAMART||Quarterly Results||08-Feb-21|
|GODREJCP||Interim Dividend;Quarterly Results||08-Feb-21||VAKRANGEE||Quarterly Results||08-Feb-21|
|GUFICBIO||Quarterly Results||08-Feb-21||ZPARICIN||Quarterly Results||08-Feb-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|BEL||08-Feb-21||Interim Dividend – Rs. – 1.40||ORIENTCEM||08-Feb-21||Interim Dividend – Rs. – 0.50|
|GRANULES||08-Feb-21||Interim Dividend – Rs. – 0.2500||PROSEED||08-Feb-21||Resolution Plan -Suspension|
|GRAVITA||08-Feb-21||Interim Dividend – Rs. – 1.10||VISAKAIND||08-Feb-21||Interim Dividend – Rs. – 5.00|
|INDUSTOWER||08-Feb-21||Interim Dividend – Rs. – 17.8200||VMV||08-Feb-21||E.G.M.|
|LAURUSLABS||08-Feb-21||Interim Dividend – Rs. – 0.40||CHOLAFIN||09-Feb-21||Interim Dividend – Rs. – 1.30|
|MOTILALOFS||08-Feb-21||Interim Dividend – Rs. – 5.00||CUMMINSIND||09-Feb-21||Interim Dividend – Rs. – 7.00|
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