The Nifty opened at 14875.65 with a gap up of 56 points. The index rallied further and recorded its intraday high at 14984.15. The index started a sharp decline just after prices have recorded the intraday high and fell down almost 150 points. The index recorded its intraday low at 14821.10 and finally closed at 14873.80 with a gain of 54.75 points. The Metal and IT shines and closed higher by 3.92% and 1.18% respectively. Banks and Financials have underperformed and closed with marginal loss. We have suggested a trade on the long side. The idea is to wait for prices to break above 14900 and then take a long trade there for a target of 220 points and a stop of 110 points. Our long trade was taken at that level, however neither the stop nor target were hit. So our trade remains intact.
It was a volatile day in the index where prices opened with a gap up, saw an intraday decline and finally closed without much change.
We have identified a large range of 14400-14900. Prices broke this range on the upside but were not able to sustain. Within the broad range, there is a support at 14600.
Bank Nifty opened at 33154.20 with a gap up of 196 points. The index rallied further and recorded its intraday high at 33306.80. Prices have trade very choppy and saw an intraday fall around 2:00PM. The index closed with slight losses. PSU and Private Banks both have seen minor decline and closed lower. Within the index, Kotak Bank contributed highest while HDFC Bank the lowest.
We had suggested along trade above 33200 with a stop at 32800 and target of 34000. Prices have broken 33200 intraday but our stop was hit. A gap up opening did not sustain as the index closed with a loss. Intraday movement was very choppy and narrow.
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|NAM INDIA||358.05||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 350 and for the target 370|
|ULTRATECH||6971.25||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 6930 and for the target 7100|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|TATA CONSUMER||670 CE||BUY||23.15||CMP||18||31||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|NAM-INDIA.21.04 Apr||361.25||5.52||50||1459200||AMARAJABAT.21.04 Apr||814||-3.15||31.95||4159000|
|HDFCAMC.21.04 Apr||3025||3.56||16.39||610800||APLLTD.21.04 Apr||980||-0.35||13.41||925650|
|SHREECEM.21.04 Apr||31705.05||4.57||13.91||158850||GODREJCP.21.04 Apr||741.2||-0.1||13.38||5584000|
|JSWSTEEL.21.04 Apr||621||10.07||10.61||37395000||POWERGRID.21.04 Apr||210.1||-0.97||8.83||21144000|
|MPHASIS.21.04 Apr||1780||2.06||10.49||760175||IBULHSGFIN.21.04 Apr||192.05||-2.56||8.82||34251900|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|ESCORTS.21.04 Apr||1275.65||2.57||-6.19||2140600||FINNIFTYW.21.04 Apr||15524.5||-0.83||-81.91||2880|
|AUBANK.21.04 Apr||1256.95||1.66||-5.72||2260000||IDEA.21.04 Apr||9.55||-3.05||-6.71||633150000|
|PFIZER.21.04 Apr||4642||0.06||-3.33||72500||CUMMINSIND.21.04 Apr||888.75||-0.38||-2.48||1748400|
|GODREJPROP.21.04 Apr||1387.85||0.78||-2.98||1693900||CHOLAFIN.21.04 Apr||566.15||-2.61||-2.32||6107500|
|TITAN.21.04 Apr||1574||3.19||-2.93||5870250||ICICIPRULI.21.04 Apr||457.25||-0.03||-2.06||7834500|
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Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Mphasis Limited||1760.35||1.61||1021233||814639||75.02||Nifty Metal||4494.95||3.92||88350|
|Britannia Ind Ltd.||3816.75||0.22||613388||395509||62.41||Nifty it||27148.4||1.18||88350|
|Colgate Palmolive (india||1590.1||2.53||508957||382721||61||Nifty Realty||334.1||0.81||88350|
|Hdfc Life Insurance Comp||701.45||0.23||1817393||1738587||60.15||Nifty Fmcg||34983.05||0.42||88350|
|Hdfc Bank Ltd.||1432.8||-1||8806796||7434774||59.27||Nifty 50||14873.8||0.37||88350|
|Hdfc Ltd.||2502.55||0.8||2510746||2078408||59.19||Nifty Auto||9959.35||0.22||88350|
|Nippon Life India Asset||358.05||5.17||2817863||597080||58.42||Nifty Pharma||12611.7||-0.04||88350|
|Godrej Cons Products Ltd||739.9||0.05||2088453||1379274||58.2||Nifty Energy||18275.55||-0.32||88350|
|Bata India Ltd.||1405.2||1.25||424826||330798||56.35||Nifty Bank||32782.85||-0.63||88350|
Upcoming Economic Data
|INR: Deposit Growth on 9th April 2021
INR: Bank Loan Growth on 9th April, 2021
|•USD : PPI (MoM) (Mar) on 9th April, 2021
•USD: Core CPI (MoM) (Mar) on 13th April, 2021
|•Coal India on Thursday said its capital expenditure (capex) grew more than two-folds to hit an all-time high of Rs 13,115 crore in the just concluded fiscal. CIL’s original sanctioned capex budget was Rs 10,000 crore for FY’21. “Coal India Ltd (CIL) more than doubled its capital expenditure to an unprecedented high of Rs 13,115 crore in FY’21. Against the capex of Rs 6,270 crore in FY’20, the company clocked 109 per cent growth amid the Covid slump.
•IT major Infosys on Thursday announced a strategic long-term partnership with ArcelorMittal to help accelerate the company’s digital transformation journey and enable next-generation application management and business process management (BPM) services for ArcelorMittal Europe. Through this engagement, Infosys will work with ArcelorMittal Europe, share best practices around next-generation application management services to optimise, stabilise, and transform ArcelorMittal’s IT landscape.
•JSW Steel on Thursday reported nearly 6 per cent year-on-year increase in its output at 4.19 million tonne (MT) for the quarter ended March 31, 2021. In a statement, the JSW Group company said it had produced 3.97MT steel during the same quarter of financial year 2019-20. During January-March 2021, the company’s production of flat rolled products rose by 4 per cent to 2.99 MT, from 2.87 MT in the year-ago period. Oil fell as bearish virus news from India to Japan underpinned the outlook for a staggered recovery in consumption. West Texas Intermediate slid 0.6%, though remains within the $5 range it has traded in since mid-March.
•Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|AGARIND||Issue Of Warrants;Preferential Issue||09-Apr-21||MINALIND||General;Quarterly Results||10-Apr-21|
|CHEMCON||General||09-Apr-21||SHANGAR||Audited Results;Quarterly Results||10-Apr-21|
|EVEXIA||Stock Split;General||09-Apr-21||CUPIDTR||Quarterly Results||12-Apr-21|
|ICSL||Audited Results;General||09-Apr-21||HDIL||Audited Results;Quarterly Results||12-Apr-21|
|MEHTAHG||General||09-Apr-21||HITECHGEAR||Employees Stock Option Plan||12-Apr-21|
|PRAKASHSTL||General||09-Apr-21||IOB||Preferential Issue of shares||12-Apr-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|INLANPR||09-Apr-21||Consolidation of Shares||FINOLEXIND||15-Apr-21||Stock Split From Rs.10/- to Rs.2/-|
|PRITIKAUTO||09-Apr-21||Stock Split From Rs.10/- to Rs.2/-||INFRATRUST||15-Apr-21||Income Distribution (InvIT)|
|RAMAPHO||09-Apr-21||Interim Dividend – Rs. – 1.00||KSB||15-Apr-21||Dividend – Rs. – 8.50|
|ROTO||09-Apr-21||Interim Dividend – Rs. – 1.40||SHARDA||16-Apr-21||Stock Split From Rs.10/- to Rs.2/-|
|HARITASEAT||12-Apr-21||Amalgamation||ABB||19-Apr-21||Dividend – Rs. – 5.00|
|STYLAMIND||12-Apr-21||Stock Split From Rs.10/- to Rs.5/-||SANOFI||19-Apr-21||Final Dividend – Rs. – 125.00|
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