The Nifty opened at 15725.10 with a gap up of 55 points. The index first moved down, filled the gap and recorded its intraday low at 15678.10. Prices then started moving on the upside, rallied almost 100 points and recorded its intraday high at 15773.45. The index moved sideways in the last hour of trading and finally closed at 15751.65 with a gain of 81.40 points. The Media, Auto and IT sectors outperformed and ended with a gain while Pharma and Financial have closed almost unchanged.
It was a narrow range day in the index where prices have moved with a range of fewer than 100 points and ended near the day highs. A gap up opening filled quickly but prices have rallied again and recorded lifetime new highs.
The short term trend Is up and intact. It will change to sideways once the index closes below 15500 support. If the prices came below 15500 and then it may give us a buy on dip trade.
Bank Nifty opened at 35460.80 with a gap up of 115 points. The index first moved down and recorded its intraday low at 35338.55. Prices then moved up for almost the whole day recorded its intraday high at 35545.85. PSU and Private Banks both have seen a rally and closed higher. Within the index, ICICI Bank contributed highest while SBIN the lowest.
We have identified a narrow trading range with support at 34900 and resistance at 35800. This is the 7th day prices have been moving inside this range. We should buy on a breakout above 35900 or sell below 34800
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|AXISBANK||751.10||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 743 and for the target 765|
|HCLTECH||949.60||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 941 and for the target 963|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|IGL||530 CE||BUY||19.10||CMP||15.5||25||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|IRCTC.21.06 Jun||2125.3||10||83.9||1845025||FINNIFTYW.21.06 Jun||16705.95||-0.56||500||720|
|SRTRANSFIN.21.06 Jun||1489.9||4.56||37.9||4758000||MRF.21.06 Jun||82500.05||-3.27||52.49||60220|
|BATAINDIA.21.06 Jun||1577.05||0.76||28.08||1136300||NMDC.21.06 Jun||182||-6.31||20.15||77425200|
|NAM-INDIA.21.06 Jun||373.55||1.81||21.19||2900800||BAJAJFINSV.21.06 Jun||11809.9||-3.01||12.54||806625|
|TORNTPOWER.21.06 Jun||459.9||7.49||15.34||2301000||ADANIENT.21.06 Jun||1632.7||-4.25||10.28||17726000|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|EXIDEIND.21.06 Jun||198.05||1.75||-4.34||12139200||IBULHSGFIN.21.06 Jun||246.95||-6.07||-14.09||32212100|
|BOSCHLTD.21.06 Jun||15699.2||0.07||-3.79||104000||BHARATFORG.21.06 Jun||751.15||-0.46||-11.04||8952000|
|MOTHERSUMI.21.06 Jun||254.65||0.79||-3.08||32144000||ONGC.21.06 Jun||125.9||-0.08||-3.46||66412500|
|RBLBANK.21.06 Jun||217.4||0.93||-2.96||26506000||PNB.21.06 Jun||42.2||-2.43||-2.46||299632000|
|AUBANK.21.06 Jun||1027.4||1.8||-2.79||2350500||LICHSGFIN.21.06 Jun||521.9||-2.08||-2.14||8668000|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Trent Limited||857.5||0.63||463126||530834||67.94||Nifty Energy||20743.95||1.85||99303|
|Britannia Ind Ltd.||3542.6||1.53||357312||204936||65.51||Nifty Media||1839.1||1.16||99303|
|Hindustan Unilever Ltd||2339.3||-0.12||1128300||827470||64.45||Nifty it||27295.65||1.11||99303|
|Itc Ltd.||211.45||1.29||31433280||19314602||64.11||Nifty Fmcg||35375.35||0.68||99303|
|Colgate Palmolive (india||1710.6||0.82||281761||226970||62.81||Nifty Auto||10806.55||0.66||99303|
|Hcl Technologies Ltd.||949.6||1.39||3282517||2178569||61.36||Nifty 50||15751.65||0.52||99303|
|Infosys Limited||1389.65||0.29||5154576||2560752||61.05||Nifty Bank||35443.65||0.43||99303|
|Tata Consultancy Serv Lt||3183.2||1.25||2559821||1117232||60.85||Nifty Pharma||14069||-0.23||99303|
|Petronet Lng Limited||249.35||1.8||2694351||2317453||59.55||Nifty Realty||352.8||-0.28||99303|
|Cummins India Limited||812.95||0.28||892435||935020||57.97||Nifty Metal||5315.5||-0.44||99303|
UPCOMING ECONOMIC DATA
|INR: Industrial Production YoY APR on 11th June, 2021
INR: Foreign Exchange Reserves on 11th June, 2021
|•USD : Trade Balance (Apr) on 8th June, 2021
•USD JOLTs Job Openings (Apr) on 8th June, 2021
- Government of India will provide free jabs to the states for inoculation of everyone aged above 18 years, said Prime Minister Narendra Modi on Monday as he outlined his government’s vaccination policy. In a televised address to the nation, the Prime Minister said Centre will buy 75 per cent of the total vaccine production, including 25 per cent of the state quota, from the manufacturers and give it free to the state governments.
- The Anil Ambani family is likely to make a tender offer in Reliance Infrastructure via the creeping acquisition route and invest another Rs 500 crore. As per market regulator Sebi’s guidelines, a tender offer is mandatory when a promoter’s stake crosses the 25 per cent threshold.
- Biscuits and snacks major Parle Products on Monday announced foray into the packaged wheat flour market with the launch of the product under its popular Parle-G brand.”Parle is expanding its portfolio with the launch of ‘Parle G Chakki Atta’. Branded atta segment is a huge opportunity and has gained momentum since the pandemic outbreak. There is conversion happening from unbranded and loose atta to packaged branded atta,” Mayank Shah, Sr. Category Head, Parle Products told PTI.
- State-owned Indian Oil Corporation (IOC) on Monday said it has signed up an investment pact for adding petrochemical and lube plants to its previously announced plan to expand crude oil processing capacity at its Koyali refinery at Vadodara in Gujarat. Expanding refining capacity by 4.3 million tonnes per annum to 18 million tonnes and adding plants to produce 500,000 tonnes per annum of polypropylene and 2,35,000 tonnes of lube oil base stock at the site would see total investment of about Rs 24,000 crore.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|BAJAJHIND||Dividend;Audited Results||08-Jun-21||ROTO||Final Dividend;Audited Results||08-Jun-21|
|ENGINERSIN||Final Dividend;Audited Results||08-Jun-21||SALAUTO||Final Dividend;Audited Results||08-Jun-21|
|GALAXYSURF||Final Dividend;Audited Results||08-Jun-21||SESL||Audited Results||08-Jun-21|
|GREENCREST||Audited Results||08-Jun-21||SHEMAROO||Audited Results||08-Jun-21|
|IONEXCHANG||Audited Results;Dividend||08-Jun-21||STANROS||A.G.M.;Audited Results;Dividend||08-Jun-21|
|JETKINGQ||Audited Results||08-Jun-21||SURANAT&P||Audited Results||08-Jun-21|
|KMSUGAR||Audited Results||08-Jun-21||SURYAINDIA||General;Audited Results||08-Jun-21|
|MFSL||Audited Results||08-Jun-21||SUVENPHAR||Final Dividend;Audited Results||08-Jun-21|
|PETRONET||Final Dividend;Audited Results||08-Jun-21||SUYOG||Audited Results||08-Jun-21|
|PFS||Final Dividend;Audited Results||08-Jun-21||TALBROAUTO||A.G.M.;Audited Results;Dividend||08-Jun-21|
|PML||Audited Results||08-Jun-21||TWL||Audited Results||08-Jun-21|
|PRESTIGE||Audited Results||08-Jun-21||VBIND||Audited Results||08-Jun-21|
|RNBDENIMS||Audited Results||08-Jun-21||WONDERLA||Audited Results||08-Jun-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|HUHTAMAKI||09-Jun-21||Final Dividend – Rs. – 3.00||NAM-INDIA||10-Jun-21||Final Dividend – Rs. – 5.00|
|RALLIS||09-Jun-21||Final Dividend – Rs. – 3.00||SHREDIGCEM||10-Jun-21||Dividend – Rs. – 2.50|
|VIKASECO||09-Jun-21||Right Issue of Equity Shares||TATACONSUM||10-Jun-21||Final Dividend – Rs. – 4.0500|
|ASIANPAINT||10-Jun-21||Final Dividend – Rs. – 14.50||VBL||10-Jun-21||Bonus issue 1:2|
|GHCL||10-Jun-21||Final Dividend – Rs. – 5.50||VTMLTD||10-Jun-21||Dividend – Rs. – 0.60|
|ITC||10-Jun-21||Final Dividend – Rs. – 5.7500||BAJAJCON||11-Jun-21||Final Dividend – Rs. – 4.00|
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