The Nifty opened at 15064.30 with a big gap up of 140 points. Prices have recorded its intraday low at 15041.05 within the first few minutes of trading and then rallied higher. Prices have seen a modest intraday move on the upside for the whole day and recorded its intraday high at 15159.90. The index finally closed at 15115.80 up by 191.55 points. All sectoral indices have closed with gains except FMCG. The Metal, Auto and IT sectors have led the bulls.
We had taken a long trade on Friday around 14872 and target of 15050. Prices have met with the target easily so our long trade closed with a gain of 178 points. The Bulls continued to dominate the Nifty following supportive global cues. The Nifty continued making lifetime new highs and prices have closed above the 15000 mark. The index is closing higher for the last six trading days. However the intraday movement was very narrow yesterday as we had a big gap up opening.
For today we should look to buy on a dip and as well as a breakout trade on the long side. The idea is to buy on a dip towards 14950 or breakout above 15150. if the index opens above 15150 then buy above first 15 minutes high. Keep a stop of 100 points and target of 220 points.
Bank Nifty opened at 36073.85 with a gap up of 320 points. The index traded very choppy and sideways. In this process prices have recorded its intraday high at 36466.65 and intraday low at 36021.10. The index finally closed at 35983. PSU Banks have underperformed after days of outperformance and closed lower by 1.04%. Private Banks have closed higher by 0.97%. Within the index, in terms of points, ICICI Bank contributed highest while Kotak Bank the lowest.
Bank Nifty continued its rally for the seventh consecutive day. We should look for a long trade either on a dip towards 35700 or on a breakout above 36600.
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|MOTHERSONSUMI||162.85||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 157.50 and for the target 170|
|INFY||1303.55||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1284 and for the target 1340.|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|HINDALCO||280 CE||BUY||14.70||CMP||12||18||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|FINNIFTYW.21.02 Feb||16865.2||0.65||700||3840||PAGEIND.21.02 Feb||29370||-0.25||20.42||97110|
|EXIDEIND.21.02 Feb||216||5.75||24.9||13633200||GODREJCP.21.02 Feb||737.45||-1.57||20.02||4064000|
|MOTHERSUMI.21.02 Feb||163.95||4.43||22.26||41720000||BRITANNIA.21.02 Feb||3486.7||-1.94||15.58||2729200|
|POWERGRID.21.02 Feb||211.15||2.45||19.35||12360000||PETRONET.21.02 Feb||243.3||-0.73||15.4||15672000|
|IOC.21.02 Feb||104.7||1.8||19.08||63167000||RBLBANK.21.02 Feb||246.35||-1.28||14.45||21964600|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|COFORGE.21.02 Feb||2615.05||4.98||-8.98||444750||BHEL.21.02 Feb||39.75||-9.04||-16.04||128520000|
|GODREJPROP.21.02 Feb||1438.05||2.92||-8.83||1309100||INDUS TOWERS LIMITED.21.||240.7||-5.63||-3.69||13678000|
|HDFCAMC.21.02 Feb||3101.05||4.51||-7.3||441800||DIVISLAB.21.02 Feb||3793||-1.32||-2.11||3507200|
|CUMMINSIND.21.02 Feb||785.95||0.55||-7.02||1112400||CANBK.21.02 Feb||158||-2.14||-1.55||59335200|
|BANKNIFTY.21.02 Feb||36036.75||1.04||-6.67||1617925||PNB.21.02 Feb||38.15||-5.1||-1.4||195168000|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Power Grid Corporation o||212.55||2.63||15995755||9962066||61.59||Nifty Metal||3552.45||3.17||83838|
|Icici Lombard General In||1473||0.36||727597||472408||60.22||Nifty Auto||11061.15||3.14||83838|
|Indus Towers Limited||239.95||-5.55||6746469||4455346||59.63||Nifty it||25915.6||2.31||83838|
|Hindustan Unilever Ltd||2236.65||-1.45||2780672||2371338||58.74||Nifty Realty||348.15||2.01||83838|
|Torrent Power Limited||322.6||1.29||1337801||851583||55.71||Nifty Energy||17664.05||1.43||83838|
|Aarti Industries Ltd.||1191.7||0.1||251819||102160||55.64||Nifty 50||15115.8||1.28||83838|
|Hdfc Life Insurance Comp||684.05||0.37||3887493||1534420||55.61||Nifty Media||1739.3||1.08||83838|
|Sbi Life Insurance Compa||859.1||-0.59||1899676||895257||50.69||Nifty Fmcg||34452.25||-0.55||83838|
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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
|•Oil in London rose above $60 a barrel for the first time in more than a year as stockpiles tighten and the demand outlook improves amid the global rollout of Covid-19 vaccines. It’s another milestone in a stellar comeback from the biggest demand destruction in a generation after the pandemic forced countries to lock down, devastated economies and grounded planes. The revival is a boost for global energy companies and petro-states whose budgets were ravaged last year.
•Sun Television Network (Sun TV) has reported a 18 per cent growth during the quarter ended December 31, 2020 to Rs 441.82 crore from Rs 373 .45 crore, during the same period last year. For the quarter ended December 2020, revenues were up around 19 per cent to Rs 972.34 crore from Rs 814.97 crore, during the same period last yera. Subscription revenues for the quarter was up by about 3 per cent to Rs 424.05 crore from Rs 411.85 crore, a year ago.
•Aditya Birla Fashion and Retail on Monday reported a consolidated net profit of Rs 58.55 crore for the quarter ended December. The company had posted a net loss of Rs 37.64 crore in the corresponding period of the previous fiscal.
•Post the merger of Jindal Stainless (Hisar) Limited with Jindal Stainless Limited, the company has chalked out a capex plan to cash on the strong demand visibility in the domestic market. “We have a capex plan of Rs 2,000-3,000 crore for the next 2-3 year as we look to double the capacity at our Odisha plant.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ABBOTINDIA||Quarterly Results||09-Feb-21||HINDCOMPOS||Quarterly Results||09-Feb-21|
|ADANIPORTS||Quarterly Results||09-Feb-21||IGARASHI||Quarterly Results||09-Feb-21|
|ANUHPHR||Quarterly Results||09-Feb-21||INDOCO||Quarterly Results||09-Feb-21|
|ASTERDM||Quarterly Results||09-Feb-21||IOB||Quarterly Results||09-Feb-21|
|BERGEPAINT||Quarterly Results||09-Feb-21||J&KBANK||Quarterly Results||09-Feb-21|
|BODALCHEM||General;Quarterly Results||09-Feb-21||JBMA||Quarterly Results||09-Feb-21|
|BURGERKING||Quarterly Results||09-Feb-21||KRBL||Quarterly Results||09-Feb-21|
|CENTRALBK||Quarterly Results||09-Feb-21||LEMONTREE||General;Quarterly Results||09-Feb-21|
|CENTURYPLY||General;Quarterly Results||09-Feb-21||MGL||Interim Dividend;Quarterly Results||09-Feb-21|
|COFFEEDAY||Quarterly Results||09-Feb-21||MUTHOOTFIN||Quarterly Results||09-Feb-21|
|ENDURANCE||Quarterly Results||09-Feb-21||NDTV||Quarterly Results||09-Feb-21|
|FRETAIL||Quarterly Results||09-Feb-21||RAYMOND||Quarterly Results||09-Feb-21|
|GUJALKALI||Quarterly Results||09-Feb-21||TATASTEEL||Audited Results;Quarterly Results||09-Feb-21|
|HEG||Quarterly Results||09-Feb-21||TATASTEELPP||Audited Results;Quarterly Results||09-Feb-21|
|HEIDELBERG||Quarterly Results||09-Feb-21||TORNTPOWER||Interim Dividend;Quarterly Results||09-Feb-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|CHOLAFIN||09-Feb-21||Interim Dividend – Rs. – 1.30||PERSISTENT||09-Feb-21||Interim Dividend – Rs. – 14.00|
|CUMMINSIND||09-Feb-21||Interim Dividend – Rs. – 7.00||SUNPHARMA||09-Feb-21||Interim Dividend – Rs. – 5.50|
|DAAWAT||09-Feb-21||Interim Dividend – Rs. – 0.50||VRFILMS||09-Feb-21||Interim Dividend – Rs. – 1.00|
|IOC||09-Feb-21||Interim Dividend – Rs. – 7.50||COROMANDEL||10-Feb-21||Interim Dividend – Rs. – 6.00|
|LALPATHLAB||09-Feb-21||Interim Dividend – Rs. – 6.00||DCW||10-Feb-21||E.G.M.|
|ORIENTELEC||09-Feb-21||Interim Dividend – Rs. – 0.7500||KPRMILL||10-Feb-21||Interim Dividend – Rs. – 3.7500|
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