The Nifty opened at 14977.95 with a gap down of 103 points. The index first rallied and recorded its intraday high at 15092.35.After that prices fell down. From 11:00 AM to 1:30 PM, prices traded sideways and narrows and then again fell down to record its intraday low at14862.10. The Nifty has seen some recovery in the late hour of trading and finally closed at 14938.10 with a loss of 142.65 points. All the sectoral indices have closed with a loss led by Metals and Banks. Back to Back gap down and then intraday weakness forced the index to close below 15000. It was a volatile day where prices have seen moves in both directions. A trading range inside 14650-15200 remained intact so far. Prices are trading very volatile and random within these boundaries and did not give us any clear sense of direction. But since the overall nature of the markets is more bullish so traders can look to buy on dips if they find support intraday. As far as prices are trading within these levels we should avoid any carry forward trades. We should wait for prices to give us a sense of the likely next move. That sign may emerge if Nifty breaks above 15200 or comes close to 14650.
Bank Nifty opened at 35458.50 with a big gap down of 376 points. The index traded very random and volatile intraday. In this process prices have recorded first its intraday high at 35616.08 and then its intraday low at 34893.25 and finally closed at 35338.80 with a loss of 496 points. PSU Banks have significantly underperformed and closed lower by more than 4%. Private Banks also closed lower by almost 2%. Within the index, in terms of points Kotak Bank contributed highest while SBIN the lowest.
Bank Nifty opened with a gap down for the second consecutive day and closed lower. Intraday movement was very volatile and random. We have identified a trading range of about 1500 points within 35000 support and 36500 as resistance. We should wait for a decisive breakout from this range for any carry forward trades.
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|JINDAL STEEL||322.25||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought bat CMP with a stop at 318 and for the target 330|
|MARUTI||7249||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 7160 and for the target 7400|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|SBIN||385 PE||BUY||17.90||CMP||14.5||23||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|ULTRACEMCO.21.03 Mar||6804||0.26||14.38||1689600||FINNIFTYW.21.03 Mar||16397.45||-1.15||335||3480|
|KOTAKBANK.21.03 Mar||1913||0.97||8.66||14838800||WIPRO.21.03 Mar||421.65||-4.07||34.73||38585600|
|GAIL.21.03 Mar||146.2||1.49||8.26||31488200||PIIND.21.03 Mar||2241.05||-1.46||29.13||307000|
|COLPAL.21.03 Mar||1639.4||0.72||7.56||3485300||CUMMINSIND.21.03 Mar||838.95||-5.56||24.34||1796400|
|VEDL.21.03 Mar||221.55||3.29||5.73||110267000||APOLLOHOSP.21.03 Mar||2895.15||-5.39||22.21||1694500|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|PFIZER.21.03 Mar||4645||0.38||-9.02||30250||BHEL.21.03 Mar||52.8||-3.21||-12.43||114681000|
|ICICIGI.21.03 Mar||1500||1.56||-2.06||888250||NAM-INDIA.21.03 Mar||353||-2.74||-10.89||1806400|
|MARUTI.21.03 Mar||7270||1.66||-0.23||2848300||TRENT.21.03 Mar||881.25||-5.13||-7.14||433550|
|NESTLEIND.21.03 Mar||16816.85||0.68||-0.17||324850||BOSCHLTD.21.03 Mar||14990||-2.27||-5.37||92550|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Pfizer Ltd.||4634.75||0.52||38709||25726||61.3||Nifty Fmcg||33360.3||-0.25||81042|
|Hindustan Unilever Ltd||2201.1||0.19||2129837||1404059||61.29||Nifty Energy||19428.2||-0.41||81042|
|Alembic Pharmaceuticals||917||-0.62||295260||287030||61.26||Nifty Media||1732.15||-0.86||81042|
|Britannia Ind Ltd.||3491.75||-0.29||612423||322909||60.1||Nifty Auto||10524.4||-0.95||81042|
|Hdfc Ltd.||2543.9||-1.51||4254126||3086674||58.07||Nifty 50||14938.1||-0.95||81042|
|Icici Lombard General In||1495.55||1.65||741576||176055||57.97||Nifty Pharma||12192.75||-1.29||81042|
|Godrej Cons Products Ltd||691.3||-0.15||1304207||791052||57.5||Nifty Realty||357.7||-1.42||81042|
|Dabur India Ltd.||524.4||0.04||3785627||2479918||57.47||Nifty it||25229.6||-1.57||81042|
|Kotak Mahindra Bank Limi||1922.5||1.31||5407986||2293432||57.01||Nifty Bank||35228.15||-1.6||81042|
|Icici Prudential Life In||483.5||-2.84||1777392||1689798||56.1||Nifty Metal||3869.4||-2.7||81042|
Upcoming Economic Data
|INR: Industrial Production (YoY) (Jan) on 12th March, 2021
INR: CPI (YoY) (Feb) on 12th March, 2021
|•USD : EIA Short-Term Energy Outlook on 9th March, 2021
•USD: Core CPI (MoM) (Feb) on 10th March, 2021
Get Stock Market Recommendation By Our Research Analysts
|•Lenders to Bhushan Power & Steel Ltd. have agreed to terms set by JSW Steel Ltd. for purchasing the assets of the insolvent steelmaker, according to two people with direct knowledge of the matter. A majority of the financial creditors on March 5 voted in favour of accepting JSW Steel’s Rs 19,350-crore offer for the sale, on a provisional basis, the people cited above told BloombergQuint on the condition of anonymity. A proposal needs at least 66% votes to be cleared by the committee of creditors.
•Investment trust IndiGrid on Friday inked an agreement to acquire 100 per cent equity stake in NER II Transmission from Sterlite Power for about Rs 4,625 crore.
•Multiplex major PVR on Friday announced the launch of a new six-screen property in Mysuru, Karnataka. “PVR Cinemas with this launch strengthens its presence in Karnataka with 109 screens in 16 properties and 292 screens across 47 properties in South. Located in the heart of India’s silk city, the new PVR Cinemas spreads across an area of 32,240 sq feet and can accommodate a total of 1,078 audiences,” the company said in a statement.
•New models of all cars will have to provide airbags for the front passenger seat from April 1 while all existing models can be sold after August 31 this year, only after being fitted with this safety gear. This mandatory provision was notified by the road transport ministry on Tuesday. “This has been mandated as an important safety feature, and is also based on the suggestions of the Supreme Court Committee on Road Safety,” the ministry said.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|AUTOLITIND||Preferential Issue; Results||09-Mar-21||IMPEXFERRO||General||10-Mar-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|POWERGRID||08-Mar-21||Interim Dividend – Rs. – 4.00||TRIOMERC||09-Mar-21||Bonus issue 1:6|
|SACHEMT||08-Mar-21||Bonus issue 1:10||TRIOMERC||09-Mar-21||Stock Split From Rs.10/- to Rs.2/-|
|TELESYS||08-Mar-21||E.G.M.||DICIND||10-Mar-21||Final Dividend – Rs. – 6.00|
|KEI||09-Mar-21||Interim Dividend – Rs. – 2.00||KIRLFER||10-Mar-21||Interim Dividend – Rs. – 2.00|
|SELMCL||09-Mar-21||Resolution Plan -Suspension||MARICO||10-Mar-21||Interim Dividend – Rs. – 4.50|
|THANGAMAYL||09-Mar-21||Interim Dividend – Rs. – 6.00||WANBURY||10-Mar-21||E.G.M.|
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